Price and rsi trends have hit the bottom channel. Should move up to the top now. Could also accumulate along the bottom trendline for a few days before moving to the top.
📌 @ridethepig Gold Market Commentary 04.01.2021 This is illustrating the notion of 'total mobility', and also touched on a problem which we have not discussed in depth yet, trailing stops. Here... we can quickly review the text book flows, firstly when you think of development and secondly because Buyers are threatening to become very strong now in the open...
In our previous analysis about the gold market, we have mentioned a potential ABC simple corrective pattern that has been created within a downward channel. It seems that the C wave has ended at the lower limit within the channel so the first potential target for the bulls has been set at the line drawn through the tops. However, it has been broken today. It...
Today we will create a new post based on the Short setup we will be waiting for in case of a bearish resolution in the descending channel. a) The main structure of the current situation is the Descending Channel; we are working inside that structure b) Inside the Descending channel, we can see a relevant support resistance zone c) Currently, the price is...
I'll just leave this here, I leave the specifics to you, but I believe the selloff in Gold is over and it is about to resume the yearly timeframe uptrend. My clients and me are long already, and looking to capitalize on this run since it is likely to outperform stocks together with most commodities going forward. Cheers, Ivan Labrie.
I like 1935 target for the next 5 days. But watch out for 1905
In our previous analysis, we have mentioned that the price of gold may have finished the whole correction labeled as ABC. The C wave has ended at the lower limit within the main downward channel. Thus, the first potential resistance and the target for the bulls has been set by an upper limit of the mentioned channel. Recently the price of gold has reached it...
Today we have prepared a scenario for a possible future situation. The idea of this type of process is to show what we will be looking for in a bearish setup on Gold. This type of futures projections is useful to bring a solid approach to your trading system; why?. Because you will be waiting for the market to create a structure you consider worth trading instead...
Hey traders, here is the analysis for gold NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
The price of gold has ended the potential correction labeled as ABC. The whole corrective movement has been described in our previous analysis where we had expected the simple correction. Wave C may be finished at 1771 USD where the lower limit of the downward channel has been located. From the technical point of view current rebound may be the first phase of the...
Gold was a safety hedge in an uncertain world. There is no surprise we saw a massive sell-off with Covid vaccines being announced. Both vaccines are still waiting on final FDA approval. The real game-changer however could be Johnson & Johnson's vaccine which only requires one shot and no special refrigeration outside that already widely required for current...
There has been 2 previous swings in Gold from the 50 weekly ma (Orange line), This looks like the 3 Swing IMO According to the previous data this swing should be shorter in time than the previous 2 and may last between 60 to 85 days Target area should be around +35% to +50% = $2400/$2700. The trend is up and the fundaments haven't change at all. money printing...
Gold has recovered some of its losses. It got smashed down to 1777, where it was bought back to 1815, finding resistance briefly. This was a level we have identified for months. Next it crossed a vacuum zone to 1836, another level we have identified months ago. This was a sticking point for gold, so it is likely to see some resistance here, at least for today....
In our previous analysis, we have mentioned a correction in the gold market. The whole structure has been labeled as ABC where wave C has been forming recently. The wave C may have finished in the area of 1750-1788 USD. In this place, the lower limit within a downward channel is also located. Today the market has rebounded strongly so if the mentioned support is...
Hey traders, here is the analysis for gold When to Buy GOLD ? in the chart you can see we have two level of support in red . if we break the first one , next stop is 1690 than go long for 2021 to correct the whole move . will will accumulate more gold in the next years , because of the devaluation of USD an the other currencies . In the past years all currencies...