People call me a novice analyst. But I like it. My previous two daily gold analysis was in spot on. Ain't bragging but I think something is going to be a blast in next move. Price is moving on impulse 1 and now a correction is necessary for making all time high. Correction may be started from today who knows but I am expecting the price should make ABC pattern...
If the triangle is broken, buy it. Both TP are set ...
Price is going gradually towards the unmitigated order block, a good sign for shorting. Entry Zone: 1940-1946 SL: 1955 TP: 1916/1900/1890
Hey guys, I hope you guys enjoyed your profit from my "Gold Short Opportunity" post. Now lets buy Gold in this zone for a shorter period Gold Buy: 1890-1895 SL: 1884 TP: 1900/1905/1915/1920 Use small lot size and take lesser risk as much as you can.
Gold has completed all its 5 waves in 30 minutes timeframe. Now it will form a correction pattern ABC towards any of these two zone 1st Zone: 1916-1919 2nd Zone: 1908-1910 Then a bullish move towards 1944-1947 zone.
What I can see from Wave Theory Next week I am expecting a bullish Gold. Entry: 1915-1918 SL: 1908 TP: 1930/1940/1950
Gold possible sell opportunity Entry: 1943-1948 SL: 1955 TP: 1925/1917
Currently price is forming a terminal wave (12345) from 1885 zone and the 5 would be minimum at 1928 zone but not more than 1934 zone which will also finish the primary wave 4th. Then a drop and primary 5th wave will start and the minimum fall of this wave would be 1873 zone. This wave analysis will be my last draft for this running downtrend.
A small pullback toward 1930 is possible from the current price level then a decline is necessity to start the 5th wave. The 3rd wave (Extension) is done. Minimum target for 5th wave is 1894 zone.
Gold will follow this channel and there will be 12345 Waves inside of it. Keep your eyes on it.
All I can find a falling wedge and price is moving up from FIBO 78% and also an order block. I am still holding my GOLD buy.
Dear Fellow Traders, Why do I think like this? What are the reasons behind it? I am going to breakdown all of these. Part A (Price Action) 1. Price had made last Higher High (2067) on 4 May 2023 2. Price had made the Major CHOCH (Change of Character) by breaking the previous Higher Low (1969) on 18 May 2023 3. So the Major CHOCH order block sets at...
Yes I think so. No need much explanation. The Buying Zone: 1.26734-1.26954 Target Zone: 1.30295-1.30494
A possible DXY short from the zone (102.591-102.775) Target should be (100.551-100.721)
Hello traders, In day chart GOLD is making an inverted head and shoulder. Will GOLD reverse and break the neckline? Share your comment and boost for more analysis. I will provide the break down of other time frame chart in this analysis so don't forget to follow.
A good long opportunity Buy Zone: 0.53213-0.53264 Target Zone: 0.54111-0.54191
Nothing much to explain. Chart has formed a Bearish Rising Wedge and completed all 5 waves into it. Price is currently at a strong supply zone (0.87898-0.88014) Price seems like bearish so far. I am selling from this zone.
A possible trend reversal may happen of GOLD. We can see it is currently forming an inverted head and shoulder pattern. if it breaks the neck line then we can assume the price may move up to 2000 zone in long run where it has left an unmitigated order block while getting down from 2045 zone. Again if the price fails to break the neck of IH&S and fall below 1900...