Hello Traders , Upon reviewing the gold chart in the 2-hour timeframe, we observe that, as per our primary analysis and expectations, the decline continued and managed to correct down to $2281! As we had marked on the chart two weeks ago, the range of $2268 to $2284 was an important demand zone where we expected the price to show a positive reaction after reaching...
Gold has rebounded every time it fell recently, and the market has not reversed. Gold can be bought directly at 2335 in the US session. The previous article also directly and publicly suggested that longs enter the market. Today, the Asian session opens, and we need to improve our thinking. It is expected that the upper breakthrough position will be around 2353,...
Today, gold provides a layout idea of shorting first. Short gold near 2289, reduce positions and take profits near 2283. After breaking 2290, go long gold at 2291 and take profits at 2300. At present, gold has rebounded and corrected. After waiting for the news to be released, short gold at high levels will be the main focus!
hello guys... as you can see the descending channel formed and the flip area is in front of the price! the price touched the middle line of the channel as well! I believe you can enter the position after retracement! the target could be 2226$! the flip area is a great area for getting long positions too! ___________________________ ✓✓✓ always do your...
I just broke down the anlysis on gold for those who don't like to watch video this is a quick recap. Gold market cycle 2020 --> Gold repeated the same move with curved formation, before a massive drop --> Gold was at its all-time high at 2020 similar to now --> Gold has reaccumulation phase in 2020 similar like what is happening with the third leg formation...
Wednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and...
Price was below the 200MA which is RED MACD cross above the 0 line Short term moving averages are RED Entry on the close of the hour candle with SL at the previous high and TP at the lows. Currently running in the region on 190 but pushed to near 300 pips.
So this are my 2020 analysis on gold hope you also watch them it will help you understand my perspective on the market!! 2020 chart analysis More pattern repeating
🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , Gold seems to be completing corrective waves in the 15-minute time frame . The structure of the corrective waves is Zigzag(ABC) . 🔔I expect Gold to Go Up to at least the Resistance line and 🎯 Targets 🎯 I've identified on the chart. Gold Analyze (...
During FOMC yesterday we saw news push Gold prices up as manipulation. Then overnight during Asian session we saw Gold prices move back down again, taking out those who bought during news. Our sell position now running 1,330 PIPS in profit!
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move up. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2343.979. ✅LIKE AND COMMENT MY IDEAS✅
I would say that the month of April was very weak for Gold. Even though the market updated the ATH and we saw quite a strong rally at the beginning of the month, bulls quite quickly lost the momentum. We can even conclude that the rally finally stopped and the market started to consolidate within a horizontal range. For the last 10 days we see a steady shift...
Considering the status of gold, which was moving in a long-term uptrend line and now that trend line has been broken, we should expect a significant price decrease from it.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Price some time traded between this level and after reaching resistance line of channel, it made downward impulse. After this, XAU broke $2385...
Hello Traders ! The Silver Price Formed a Descending Triangle Pattern. At The Moment, The Support Level is Broken ! So, I Expect a Bearish Move 📉 ----------- TARGET: 25.95000🎯
Scenario 1: Gold is forming a diametric bow tie pattern and we are currently in wave (e) of this pattern. The diametric pattern can end at $2200 and then we expect the price to rise above $2400.
Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2,283.15 which is a pullback support. Stop loss is at 2,260.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 2,324.27 which is a pullback resistance that aligns...