GOLD, NEW SAFE HAVEN!! From my analysis, we can all agree Gold has been bullish this week, i would take this trade if it continues above the resistance line, and take it to the other resistance area for 60+ pips. If it rejects resistance level, that would be a valid DOUBLE TOP which signifies a bearish movement.
waiting for gold to reach resistance at 1739.00 and see what it does. if i see it bounce off of resistance and test it a few times i am going to take a short position if it breaks resistance ill wait for an entry on a long position
The recent new high is changing everything IMHO. I've seen some Elliotticians force the short term count to fit the big ZZ count which is a mistake. Yes, the 2012-2016 structure looks like an impulse and the "forest is more important than the trees". But we clearly want to pump here in gold prices, especially because of algos. Big debate here among the EW...
What is really confusing in gold is the flash expanded flat that occurred. Really too short in time to consider it as the blue subminuette 2. Did the recent S&P 500 crash caused this dump? Probably. Has blue subminuette 2 ended already? Maybe not. If gold doesn't break higher, we could still have some sideways combo forming in the coming weeks. Maybe a big flat...
In yesterday's analysis, I said that in my opinion gold could have finished its correction and a new leg up is probable. Indeed, Gold finished the day up, putting in a nice bull candle for the day. Now the price is trading steadily above 1700 figure and a retest of 1750 resistance is more and more probable. In my opinion, dips towards 1700 should be bought with a...
this analysis updates for my previous gold long trade idea (link attached below!), we can use the 1770 support level as our 2nd entry-level to go long to 1727 target price but remember the risk-reward ratio is only 1:1.5 ... good luck! Plan : wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish...
In my last setup I told you guys its going Up until end of this week. Now I`m looking for confirmation If wiil be retracement!!! Today Gold reached 61.8% Fibonacci Retracement (For Down Trend), Doji on Support after 3 strong bullish candles and Resistance Ichimoku Cloud. If confirmation to going down and break the support 1695, probably going to 1642 and after...
Hi Friends, If Gold price will continue the bullish movement and reach @1729, then we have 2 possible trades: Buy trade - if resistance at 1729 will break we are going for new high @1774 sell trade - if resistance at 1729 will hold we are going for previous support @1665 Remember all direction need confirmation before opening
I determined its targets with sales and buying regions, Sell from red box and buy from green box whick comes first , Stay tuned I prepared an analysis that you can win whichever side chooses in the decision making process. Good luck Please like and comment for supporting
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Hi subscribers! The price of gold is unpredictable. However, if it breaks a key level at 1,712,000, you could buy it. Because the price after this level will continue to grow. If this mark is not reached, then do not enter the deal. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
PLS LEAVE A LIKE I WANNA CHAT I PUBLIC XABCD SPOTTED IN 30MIN GRAPH SO I AM GOING SHORT TARGET 1665. PLS DONT FOLLOW MY TRADE!
The question is: is the correction finished? The major trend for gold is clearly up, and after reaching a high of 1750, as normal, o correction followed. Yesterday, after a short dive under 1670 support, gold regained upwards momentum and closed the day above this support. This can be a signal that the correction has finished and gold could resume its up trajectory.
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