Technical Analysis: Gold The price pushed up and reached our target we mentioned yesterday which is 2365, and already stabilized above it. Current Outlook: The trend remains bullish today, with the price stabilizing above 2356. As long as it stays above these levels, it is expected to reach 2378. Bullish Scenario: As long as the price trades above 2356, it...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Fibonacci Level - 38.20% RSI - Divergence CHoCH Bullish Channel as an corrective Pattern in Short Time Fame
By analyzing the gold chart on the 4-hour timeframe, we observe that the price is trading around $2364 and is close to the supply zone of $2369 to $2387. Today, we have the NFP report being released, and if the actual figures exceed the forecasted numbers, we are likely to see the dollar index strengthen, leading to a potential drop in gold prices. In case of a...
Here is our detailed technical review for SILVER. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 29.039. Taking into consideration the structure & trend analysis, I believe that the market will reach 29.405 level soon. P.S We determine oversold/overbought...
Price action analysis on Gold, Important key levels, Potential scenarios, Trading recommendations. ❤️Please, support my work with like, thank you!❤️
Gold - Intraday Previous support located at 2355. Levels close to the 50% pullback level of 2354.5 found buyers. Dip buying offers good risk/reward. Our outlook is bullish. Price action continues to trade around significant highs. We look to Buy at 2355.5 (stop at 2343.5) Our profit targets will be 2385.5 and 2393.5 Resistance: 2368.8 / 2387.8 /...
My ultimate target for this week is the BSL marked with a magnet. The main internal Liquidity I am looking at is marked with arrows. Which ones get taken first near or at NFP is very important for the intra day BIAS And I will be watching this. Mainly Tape reading today, I have no interest in Engaging in the market
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
#xagusd #silver price has broken out the bear channel but bearish divergence and probable double top may trigger the price to retrace to retest zone or into the channel again. Not financial advice.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price declined to support level, which coincided with support area, and at once started to grow. In a short time, Gold reached $2360 level and even entered to resistance area, but soon bounced down. Also, price entered to pennant, where it declined from...
Hey Everyone, This is an update from the XAUUSD chart idea we shared for this week. Absolutely smashed !!!!! We got our retracement into the identified level and then the perfect bounce clearing all our Bullish targets. Cross and lock above each weighted levels on this idea gave the confirmation for each of our targets, which were hit perfectly. We are now...
Hi folks today I'm prepared for you Gold analytics. Some time ago price declined to the support zone and at once made a strong impulse up to the resistance level, which coincided with the resistance zone and soon broke this level. After this movement, Gold rose a little more, after which turned around and quickly declined lower than the 2385 level, thereby...
Hi, as we managed to get wave 3 in the previous idea, we will now take on wave 5, as shown in the chart. Cheers!
Triangle to break up green line. 15m after drop I think it must rise as a black arrow path minimum target 2340 if it can not pass the worst case for this ABCDE pattern, It should drop like a pink arrow path. Big picture. 4H EW chart abcde high potential to break green line. All of this is invalid if the price is lower than the E zone.
XAUUSD could retrace up to 2380 +/- where 2380 is multi confluence zone of :- 1)Daily Order Block 2) Median Line of Pitchfork channel (red thick line) 3) AB = CD (length) chart pattern.
Yesterday was Bank Holiday, so low market liquidity led to gold prices sideways in a narrow fluctuation range. The price targets have not changed from the previous plan, the only difference is that the price has touched the demand zone that we have identified and turned up. This suggests that wave 4 may have completed and The price will continue to increase,...
🗣️ Gold is currently trading at $2,362.86, showing a slight increase (+0.27%) from the previous day. 🗣️ Our Old Entries : 1st ENTRY: $2,286.50, 2nd ENTRY: $2,296.20 & 3rd ENTRY: $2,341.70 🗣️ Bearish Order Block (BOB): The area around $2,390.38 to $2,371.94, marked as the 50% Bearish Order Block, indicates a zone where sellers are likely to be active. 🗣️ Fair Value...
Hello all, sharing my Gold thoughts for today. Looking for possible longs and shorts as usual. It's the last trading day of the week, hoping to end it with a bang.