KaanErdinc

KaanErdinc

We need to retest 1994 in order to validate that it is support level.

KaanErdinc

The price is in the middle of the range. Manage risk for the long trade idea that I shared previously.

KaanErdinc

The price should make a pullback before coming down again.

KaanErdinc

The Gold has reached to a monthlu Resistance to Support reversal area. In this case, there will be buyers along this region.

KaanErdinc

There is a great trend breakout im the 4H time frame of the GOLD. Wait for a re-test to 2029 levels and open a short trade at keep your risk at minimum. The 4H time frame is in line with the Weekly outlook of the GOLD. Check my comments for the weekly and daily time frames of the gold from my profile.

KaanErdinc

The Daily candle has closed respecting the support level at 2023. However, it might break that level to grap liqudity at 2000 levels before flippimng bullish on the following weeks.

KaanErdinc

The monthly time frame plays a vital role in long-term behavior of the price of GOLD. It has also influence in the short-term. The breakout of the 1996-2000 resistance level has now seems to be turned into a support level. In this case, for swing long trades, re-test and bullish closure above the 1996 levels might be the sign of testing the highs at 2080 levels. I...

KaanErdinc

Price should test 2026 levels before continuing to push up or down.

KaanErdinc

I strongly believe that price should tap to 2070 levels before making a decision to go lower or higher. Mind your own risk before taking any positions on GOLD since it is very volatile.

KaanErdinc

There seems to have a bullish penant formation on the weekly time frame however, the Weekly candle has closed below the resistance level 2040-2043. In this new week, we can fill the weekly candles top wick located at 2056-2060 levels. In that case if it can hold above the 2040-2043 levels, the price can make its way to the 2080-2090 levels. After the bullish...

KaanErdinc

Here is a long trade for GOLD that will play out eventually. Watch how it play outs perfectly. Mind your own risk.

KaanErdinc

Yesterday I was expecting a bearish pullback for the GOLD, however, the daily candle has managed to close above the resistance level at 2053 and seems like it is struggling to make a pullback to the 2045 -2048 levels. In this case, with the momentum comşng from the NFP we can expect the price to push through 2090 levels to fill the previus months candles top wick....

KaanErdinc

Here is a short trade idea for GOLD which has a high probability play out today and tomorrow until the news. The price has now reached a resistance level and closed below that level respecting the resistance. Now it is forming a top wick (retest) to that resistance level. After the retest there is high chance that it will test 2047-2050 levels. Keep your risk at...

KaanErdinc

The price of Gold was very volatile on the last trading day. The daily candle has managed to close above the 2030-2033 support level. In this case if it can hold that level as support, there is high probability that the price should make its way towards 2050s. The reason for that is, whenver the price has closed above 2030 levels and make a bottom wick that 2033...

KaanErdinc

The price of gold has broken the triangle formation. There is a high probability that the price can re-test 2050-2060 levels today. Be aware of the expected news today.

KaanErdinc

Last week, the price of GOLD has closed below the 2019 support after taking the liquidity from 2027 levels. This week I suppose that the market has already priced the FOMC meetings expected outcome which is keeping the interest rates constant. At this scenario, the priceof GOLD can retest 2000 levels again to make a double bottom before flipping bullish on the...

KaanErdinc

Gold is now trending bearish at weekly time frame. Considering today's chart, there is a huge potential that the price will make a oullback towards 2023 levels and test the lows at the 2000s. If it can not hold the support at 2000s, then the next target is 1990s. The news today should be observed carefully before taking any positions.

KaanErdinc

On the daily time frame we can see that the candles respect to the resistance at 2035-2040 levels. However, the liqudity is still not enough to retest the lows at 2000 levels. Therefore, I anticipate that if the daily candle on the following days can tap to 2050-2060 levels and close blow 2035, then it will be the indication that the lows will be tested. If it is...