Forex-gold
Gold has reached the support lineI drew the support line in the previous forecast a little incorrectly.
Now the price has reached the support line + the trend is growing.
I predict the price increase to the resistance line
XAUUSD Short With some positive day for the economy about the comeback from yesterday we can expect some short position on gold.
Its possible to see a breakout of the up trend line and some kind of rejection for the up side.
Gold will continue to grow.Gold reached the resistance line and fell to the level of 1659.
But the trend is growing, and the price is at the support level and on the support line.
It is logical to look for an entry point for a purchase.
It is best to buy from support level 1659 where the support line is located.
Target is the resistance line
GOLD (XAUUSD) Wave Analysis
wave analysis is quite an efficient approach for analyzing the trending market on a higher timeframe.
it helps to find a pivot point with a high degree of accuracy.
what we do, we derive the information from the past market behavior analyzing the previous legs of a move.
based on that data we assume the market will stick to the same patterns in future.
on the chart, I measured the length of the previous major bullish impulse and projected it from the start point of the new bullish impulse.
this measurement points to the 1738 level. what is peculiar about this level, is the fact that it perfectly matches with the resistance of the rising channel .
so wave analysis tells us that gold still has the potential to go higher,
the first strong supply zone will be around 1738 and it will be the first zone to short from.
good luck!
please, support the idea with like and comment! thank you!
XAUUSD Buy Till End of Day 06/03/2020The NFP just confirmed the key levels.
If you ask your self why its going up and not down just check my previous analysis.
Here we can see just the basics. And the basics is the Market Structure (Up, Down, and Up), (breakout, retest, and up)
Also a flag pattern
GOLD will make a correctionGold reached a resistance level of 1686.
I expect that there will be a correction to the support line at 1659
GOLD IntradayAfter very accurately predicted the last rise in gold, we are expecting this movement to continue.
At H1 chart, the price forms a triangle, which will lead to a new rise to $1688 and $1696.
XAUUSD Long Full AnalysisAll this analysis indicates a continuation of up trend between the coronavirus
Economy down = gold up
GOLD will break support linesGold on two support lines. But do not rush to buy, I expect that the price will break through these lines and go down to the support line
Gold needs a correctionI think the dollar needs to make a correction. He does not want to go higher.
The nearest good support is the level of support (our goal).
Therefore, I predict a fall to this line.
it is best to open a sale from level 1659.
GOLD made a false breakGold hit our target after reaching the support line.
But then the price began to fall and made a false breakdown of this line.
The trend is growing and until this line is broken we are considering purchases.
Target - resistance level 1659
ETH Pushing For A Breakout | Double Bottom?ETH/BTC Weekly Chart, wait for retest of .02463 or breakout of long-term channel resistance.
Always do your own research before investing.
DotcomJack
GOLD will make a correction Unfortunately, this graph doesn't show that the level of 1633 is a strong resistance level.
+ price on the resistance line.
I expect the price to return to the level of 1610
XAUUSD | DROP BASE DROP ZONE BASE ( DROP BASE DROP )
Investigate Area - 2013, APRIL
I think, 1615 Is Strong RESIST FOR SELL ( Just For Contrarian )
GOLD | Price is close to SELL zone, High Probability Trade..Please Support this Idea with LIKE if it is Useful....
GOLD Update..
The price is following an Uptrend Channel and price is also following an ascending trendline ,Price reacted stongly everytime it touched the Channel's trendline,wait for the price to reach the zone and If price gives any bearish signal,look for sell Opportunity...
For Entry:
Wait for the formation of Beaish Candlestick Pattern to close on 4hr timeframe for confirmation to Sell..
Trade it with proper Sl..
Push LIKE & SUPPORT the Idea...
*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 independent investment decisions.
GOLD near strong resistance Gold will soon reach a strong resistance level of 1589.
After reaching this level, I expect a fall to the support line.
XAUUSD ELLIOTT FRACTAL EVERY THING IS SHOWN ON CHART
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GOLD Whats nextGold is now at the support level of 1562.5. + growing trend
I expect growth from this level to the resistance level of 1594.
But be careful, as the price may fall to the support line below, and then begin to grow. Therefore, I recommend entering only after the buy signal.
GOLD SHORT TRADEStrong bearish wave (A) ended at level 1547.40 after breaking uptrendline
then price pullback for retesting broken uptrendline forming corrective bullish wave (B)
Price is rejected from 61.8% Fibonacci level of preceding bearish wave at level 1576.50
Price is below Moving Average 100
It's expected for coming bearish wave (c) to target level 1527.25
XAUUSD broke its Trend Line, potential drop before moving higherTrading CFDs on margin carries high risk.
Please ensure you fully understand the risks.
12th long position EurusdMy positions in EU still lacking profitability. But, comes time, comes advice. We will get to 1.50s yet
