gold price are making strong support near 1830s area the lower trend line of the channel has been tested two times now price is testing the trend line third time next target is upper resistance zone near 1900 since trend was first made bottom at 1786 china announce they will ease lockdown second retracement bottom near 1828 was made when china reopened after...
this pair has made side way correction below yellow trend line and it has also made strong horizontal support if yellow trend line breaks (you can take entry at strong support) before breakout and seller wait for retest of upper yellow trend line or clear breakout of lower support
price has made double bottom last lag is ready to breakout (which make abcde triangle before breakout)
price has made lower low lower high inside yellow trend lines
price has made sideway correction in form of triangle chart pattern ready to breakout
price is making up trend along yellow trend line and it is also making triangle like sideway correction (the white lines)
price has tested trend line four times price is making triangle correction
gold price made tipple bottom near 1680 since price is making higher high and higher low along a yellow ascending trend line zone near 1835 1825 support zone price has already made 50% retracement next target will be 1827 (0.618 retracement) near strong support 1835 and yellow trend line if price makes bottom near 1827 retracement and yellow trend line than...
gold price made bottom at 1677 since than it made higher high and higher low which gave us clear up trend from 1677 to 2070 was our first wxy wave which has made its 50% zig zag abc retracement near 1874 we expect market bottom at 1875 (near 50% retracement) and continuation of our bullish trend with new higher high above 2070
gold price made bottom at 1890 that abc trend has made its 61% retracement at 1931 the new impulsive wave has been started with first target at 2039, tp2 2080 till the end of may or in june month
gold bull trend started from 1890 first made its abcde triangle at 50% retracement at 1920 than its next impulsive wave Y has made its 1.382 projection at 1997 and next target will be 2011 which is our 1.618 projection overall 1997 to 2011 is our sell zone sell entry 1997 to 2011 tp 1963, 1950, support 1950, possible blue channel lower trend line
since gold price made bottom at 1890 it made top at 1950 it is making a sideway correction if we joing two recent high and low than we got triangle correction if price breaks upside than we have 1974 target with 1950 minimum for downside breakout we will target 1880 fundamental geopolitical tensions between usa and russia, india, china
gold price made a strong resistance on its daily support near 1920 now this strong bullish trend on H1 time frame has made parallel channel support and resistance 1950, 1975, 1980, 2001
price making higher high and higher low testing upper and lower white trend line making a perfect parallel channel buying at the test of lower trend line and holding the profit until it breaks lower trend line
gold price doped again yesterday now it is making triangle correction if upper trend line breaks buy on retest tp 1950 otherwise sell, sell again no retest after breakout of lower trend line big down side support 1880
the sideway correction of gold price has made tringle correction chart pattern - ready to explode upside breakout target 1950
gold price are in bearish trend line since it hit 2070 now it has made bearish flag pattern inside a possible parallel channel bullish on break above yellow trend line bearish until it breaks the yellow trend line possible side way zig zag, flag correction before decline to 1800 (trade carefully ) upside target 1960 downside target 1880
expending triangle expected bottom 1890 first correction triangle upside target 1960, 2k