salvanost

salvanost

making lower high at 1757 and 1768 under 1744 possible another lower low 1794 possible if price break out diagonal resistance based on monthly next support at 1714 breaking 1714 would be a signal for long term bearish to 1620 and 1560

salvanost

it really neat at monthly candle horizontal trendline 1. bull need monthly close above 1823 2. monthly close under 1823 bear 3. monthly close under 1770 bear 4. monthly close under 1714 bear under 1714 = 162x and 156x as next target

salvanost

previously I create an idea retest 1755 support before FED FOMC gold already break down the support, now it under weekly support it already bearish signal, but without FED FOMC it cannot play next price action so the bearish technical movement would be retest resistance before FED FOMC 21-22 sept resistance at 1775 or 1783 next movement if tappering happen this...

salvanost

depend on tapering issue happen this year BS or really happen 22-23 Sept FOMC should discuss the tapering issue so it is possible to retest 1755 support 1755 support = 100 ma on weekly 1580 support = possible 200 ma support on weekly

salvanost

gold forming triangle pattern possible break up or break down so better wait for confirmation break down 1789 or 1783 break up 1803 or 1806

salvanost

support at 1791 above 1791 possible retest 1814 weekly resistance (above 1814 bullish again) under 1791 possible retest 1764 weekly support there also important MA around 1781 zone, weekly candle close under 1781 would be a bearish signal to target 1764 and 1735

salvanost

target 1795-1797-1800 (possible before NFP?) rejection from 1795 possible to hit 1831-1837-1844-1866 NOTE: lower than 1795 need a new analysis (1784-1787 but hit there could change the bullish trend to bearish trend) NFP on 12:30 today make sure to see the result last NFP super bearish since the lowest number case on US covid19 June and July creating job number...

salvanost

possible retest 1821.5 (or higher up to 1827) before dropping again (1800 or 1797 or 1787) strong resistance at 1831 if 1831 broken see 1836 and 1844 or 1847 as next target IMO if 1787 retest then daily candle close at 1797 or 1800++ then 1844 would be next target (and possible target higher than 1844 especially 185x zone)

salvanost

from 1766 support possible bullish to 1817 or bearish to 1752

salvanost

careful this just speculation monitoring 1766 support or rejection to target 1754 or 1757 as next target rejection from 175x would leading to 179x as next target but if 175x support broken then need to revise the chart later note: I got 1732 if 1754 support broken

salvanost

kind look like bullish trend since the price back above 175x support triangle zone possible retest 175x support before breaking 1787 resistance current situation: trapped at 1787 resistance and 175x support, as long price above 1744 it a bullish trend long term trend bullish: focus on 1797 and 1815 resistance target 1844 and 1877 bearish: focus on 1720weekly...

salvanost

rejection from 1765-1775 would be hint drop to 1575-1585 while 164x zone would be the first support invalid if gold above 1797, but rejection from 1797 could lead to a drop to 153x

salvanost

don't forget the 1767 right now are strong resistance, once gold finished retest 1772.5-1775 it could potentially drop to retest 1767 as support or continue bearish to 1750 (under 1750 possible drop to 1723) predicting the future too hard it far more easy to watch the trend later... since there a lot of resistance to break out 1768, 1772, 1778, 1782, 1789...

salvanost

NFP result 943 way higher than forecast at 870 super bearish for gold

salvanost

1st signal 4H must green candle 2nd signal price must above 1800.5 because under 1800.5 = bearish trend on 4H long term: above 1818.5 possible target 1836 and 1844 (IF NFP forecast result under forecast) BIG NOTE: bull last support 1795

salvanost

price must candle close under 1818.5 as first signal on 30m TF (careful with 1816.5 support MA 200) resistance become support note: daily break out

salvanost

1. monitoring fake bear 1803.5-1808.5 (beware of initial jobless claim fundamental news) 2. monitoring resistance 1823.5-1828 (beware of NFP fundamental news) 3. be wary of possibility failed bullish on 182x 4. monitoring and create a new chart later BIG NOTE: SL HUNT and volatility possible from NFP and initial jobless claim

salvanost

based on candle supply-demand and under ma 50 (around 1812) as target for bear note: careful with ma 200 around 1813.5, possible strong support there