Price is currently respecting this small creeping uptrend which is identified on 1hr tf .
We may see price fall back to 1780 and then a new high being hit personally I feel 1825-1835 are very likely due to 1800 barrier being broken on Friday .
I could be wrong if price breaks out of this channel then we could see 1720 again .
Let’s see what happens
Hi all, my thoughts for Gold this week. I will be watching 1770 closely , if we break about 1808 I will join the bull run aiming for higher highs. However my eyes are also on 1680 this week
Let’s see how this goes
Good luck traders hope you all have a profitable week
What to expect from gold this coming week? As per my previous weekend analysis the downtrend continued with retest of 1780. We had a swift break upwards in reaction to FOMC but it was short lived and gold continued respecting the descending channel. Which way next ? It seems buyers came in strong at 1738, however I feel bears might might just have one more...
Hi All. So what did we see Gold price doing this week ? Exactly as I predicted on my previous weekend analysis we did indeed see 1750.
What next ? gold will consolidate through most of Monday morning after which I expect retest of 61.8. If 1780 is broken we may see 1800-1825 . However currently there are more signs of continuation downwards with lower highs...
Hi All , positing my usual Sunday analysis earlier this weekend ! Since I know some of you eagerly await.
Ok so , we watched a lot of slow and cleans moves from Gold last week due to no high impact economic news . This gave traders time to make more relaxed entries and exits. Which was nice for a change !
Moving forward what can we expect ? My analysis...
These are all the key prices to watch for the week ahead
Personally I still view gold as long term bearish and I will look for an opportunity to short as price did not break out of strong resistance zone despite the negative news, price was exhausted at 1833.99 . Resistance and poor negative news rally are my confluences along with my ongoing analysis and...
Like the old adage goes , when sentiment subsides , reality becomes apparent ! I asked a question over the weekend along the lines of something like this;
Did the news pump the price ?
A fair answer tto that would be Powell Dovish comments did indeed lead to the rally on Friday 27th August .
I still assume the opinion of gold falling after today’s short...
Unless Gold breaks and holds 1720 any significant move upwards is out of the question !
As with my previous idea my opinion remains the same , expect more downside to 1760
I shorted 1818 today and hit all 3 TPs , my 4th entry is still running running and target is 1790.
Let’s see how this plays I’ll be back with more analysis through the week !
Gold is currently ranging and there has been a multiple attempts to breakout of current resistance and support . On Friday we were looking at a possible break of support as we have noticed lower highs. We managed to trade the range with wins.
So what is next for Gold on Monday , if we see a break of resistance I’m looking at highs of 1800-1810 price will see...
Gold has respected channel today and continues the upward trend. Gold is currently ranging side ways, I have spotted a bullish penant forming in 30M timeframe.
I think if 1800 breaks we see resistant at 1808 a retrace and then Gold continuing its upward rally 1830 tg
I may be wrong 1800, 1808 are areas of interest for me I will post an entry and exit in the...
For Monday , if we see gold moving up my Idea is it will reach 1808 where it will find resistance , if it breaks it we will see 1830.
However if gold retests 1750 and pushes downwards we are looking at 1720 .
I’m on the fence with this one and personally will wait and not enter any trades until confirmation of either side !!!
I will publish another idea...