Hi Traders
Gold Multi-Timeframe analysis
H1 CHART (BEARISH)
Waiting for a retracement higher towards the 1789.44 resistance level in order to reinstate SHORT positions. Next important resistance is the 1815.86 level.
Support & Resistances
1769.08 1789.44
1757.59 1815.86
1737.56 1826.34
H4 CHART (BEARISH)
A high probability, entry signal to go SHORT was given at 1778.47 after the market found resistance at 1789.86 . Only the upward break of 1789.86 would cancel the bearish scenario.
Support & Resistances
1769.41 1785.06
1757.59 1789.44
1737.56 1855.35
DAILY CHART (BEARISH)
Waiting for a retracement higher towards the 1818.87 resistance level in order to reinstate SHORT positions. Next important resistance is the 1855.35 level.
Support & Resistances
1784.86 1818.87
1764.34 1855.35
1743.59 1875.28
WEEKLY CHART (BEARISH)
A low probability, entry signal to go SHORT was given at 1778.09 after the market found resistance at 1966.29 . Only the upward break of 1966.29 would cancel the bearish scenario and take us LONG.
Support & Resistances
1764.34 1848.60
1703.36 1965.40
1649.30 2074.89
Gold Multi-Timeframe analysis
H1 CHART (BEARISH)
Waiting for a retracement higher towards the 1789.44 resistance level in order to reinstate SHORT positions. Next important resistance is the 1815.86 level.
Support & Resistances
1769.08 1789.44
1757.59 1815.86
1737.56 1826.34
H4 CHART (BEARISH)
A high probability, entry signal to go SHORT was given at 1778.47 after the market found resistance at 1789.86 . Only the upward break of 1789.86 would cancel the bearish scenario.
Support & Resistances
1769.41 1785.06
1757.59 1789.44
1737.56 1855.35
DAILY CHART (BEARISH)
Waiting for a retracement higher towards the 1818.87 resistance level in order to reinstate SHORT positions. Next important resistance is the 1855.35 level.
Support & Resistances
1784.86 1818.87
1764.34 1855.35
1743.59 1875.28
WEEKLY CHART (BEARISH)
A low probability, entry signal to go SHORT was given at 1778.09 after the market found resistance at 1966.29 . Only the upward break of 1966.29 would cancel the bearish scenario and take us LONG.
Support & Resistances
1764.34 1848.60
1703.36 1965.40
1649.30 2074.89
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