Price has been rejected at the key area few times. I believe there is a strong resistance area.
Plan : trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Gold appears to be re-testing the previous strong resistance that it breached, and we will wait for the daily candlestick to close
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GOLD technicaly based idea, we can see price is bounce from top trend line, candels formation bearish,...
Time for a correction, in case nobody else noticed. Shooting star in the weekly chart and RSI with divergence. Be careful.
Gold is in nice correction move and H4 downtrend so i'm expecting more downside action. i will open short position at 1675 and 1685. Basically anything below 1700 i will look for short opportunities. If you are looking only for longs watch the video and comments and use my short targets as your potential longing areas. Good luck!
For this week gold seems to be weak against US Dollar. Hence Selling Gold at 1692.60 Target : 1646 Stop loss : above 1715 RR = 1:2.45
After finding support in the 1680 zone, Gold corrected the first leg down above 1700 but couldn't sustain gains and has finished the day under psychological support. Sellers are in advantage and will hold the upper hand as long as the price stays under 1710
Thoughts on this please.. My reasoning is that they lack intrinsic value that provides growth over time
Strong BULLISH momentum protected by a solid TREND SUPPORT KEEP in the portfolio or double your position for new PROFITS!
Strong BULLISH momentum protected by a solid TREND SUPPORT KEEP in the portfolio or double your position for new PROFITS!
Hello ladies and gentlemen. The price of Gold will rise according to the pattern of a cup with a handle. Price will stop its development at a key level. Possible wave-like price movement on the handle and drop to 1690.000. But this is not critical. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide...
Hello Traders I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS. Share with more traders like you. Follow me for more. Thanks in advance. Be ready to sell GOLD after the pullback Please support this idea with a LIKE if you find it useful. Thank you for reading this idea! I hope it's been useful to you and some...
X FORCE GLOBAL ANALYSIS: Gold has shown a corrective trend for the past few days, after creating a lower high. It has broken out of the descending parallel channel, but has not been able to fuel a bullish breakout. In this analysis, however, we look at a potential bullish bat pattern that we have spotted on the hourly chart for Gold. Bullish Evidence - The...
'Looking for a bounce off the spiral or .236' I dont know why the text is so zoomed out Some of my previous work with GOLD