The way we see is a possibility for pullback and to form inverted head and shoulders pattern. Its hard for bull to continue their rally without refueling their gas.
After a raging bull run, now the price hit the ceiling again and forming an ascending triangle. Big expectation for some discount and refueling before another rally.
Looks like DXY failed to break the down channel. Big chance for bearish continuation
GOLD Price is currently hit the ceiling, We are expecting a pullback at the price we marked with green block before continuing another rally. But if the ceiling is broken then we might see the next target price around 1830-1835 Come join our winning team! 100% Free mentorship and profitable signals! Link in our profile bio.
Seems like the channel still holding, we might see upper side? Let's see
We might see lower price due to the broken the ascending triangle, our bias is still bullish for longer term. Possible short target 1779-1775. Join our trading squad! Link in bio
This is our perspective about gold, Atm gold is in a very big compression zone. We are voting that gold will go up to 1834 area. Nothing is certain due to many fundamental catalysts that currently happen in the world. Covid new variant, wars, inflations, etc. But again, nothing is impossible because gold really loves to make a fake out and we are now at the fake...
Here is our plan for next week trade, We are currently holding several positions at 1718, 1724, 1729 & 1750. Weekly candle looks promising for gold bulls to continue their rally. We always share our entries in our channel Link on our profile
How low can you go? In this fake out carnival moment gold cfd traders must be ready for all kind of situation. For physical holders mostly still in bullish mode
We see possibility bull rally continuation after this retracement.
Who's faking who? Too many long wicks on h4 and d1 charts showing that current market is very unstable, which for a big advantage for gold cfd scalper and intraday trader. In our opinion it is not worth to hold cfd for very long time period unless you are a physical trader. Many are predicing gold will drop hard to 1300 or even 1100 with all kind of their...
Here is what we see, Gold will be in consolidation move to create the base for another bull rally, What do you think?
React and not predict! Inside the green box is a buying zone, orange box is a danger zone for bulls and below orange zone bulls are endanger
What we see if bears manage to break the zone bull needs to hold their journey to the moon. Trade what you see not what you think.
Moon river, wider than a mile I'm crossing you in style someday Oh, dream maker You heartbreaker Where ever you're going I'm going your way Two drifters off to see the world There's such a lot of world to see We're after the same rainbow's end Waiting round the bend My huckleberry friend Moon river and me
One day my great grand daughter will ask me that question
Looks like bears failed to break the uptrend channel yet! So far gold bull are still in charge, we are still targeting 1950-55 for our last TP unless these uptrend channel broken, we might make a U turn