Gold weekly forecast March 8th Let’s see if we can break uptrend here...
I think we might.
*** not financial advice***
Gc!1
Going for the goldYou can see how close I was to getting stopped out several time but I make it out. Now in profit zone and will make smaller my position at each level. Idea started as the one in the link before with some change as price developed more.
Ms Bunny
Gold is a good sellHere I think gold is a good sell point.
1. It touched the purple rectangle supply zone
2. It has broken out of the rising wedge (I did not take a position on the wedge breakout)
3. The bottom line of wedge is now resistance
Decent profit potential to 1st profit target
Good profit potential to next target which is a minor resistance
Great profit potential if it goes to green demand zone at bottom
Let me know what you think too.
Ms Bunny ❤️
gold signal on gold GOLD,SILVER WILL GROW in this spring so dont fear to put buystop on high sl =below last low tp= fibo 161% (can take 10-14 day)
if you have open sell on gold,silver 100% put sl(or hedge buystop) on today high(break high mean powerful + trend start) ,they can grow 30-50%
boys keep monitor AC (accelator occilator) or stoch 5.3.3 on daily and 1 hour chart
secret=
gold,silver oil are super trendy(dax is zigzag) true?
dont open reverse posation,dont use indicator like RSI bollingerband give you limit, reverse signal (use trendy indicators like Sma200 or Donchian channel breakup) use buystop/sellstop on high/low more (dont use instant buy,sell)
GC > short and long triggerI am long gold at the moment at gold has found support in an up channel. However if thing were to turn around and support becomes resistance and this is validated I will go short. The setup here is quite easy. But easy set ups should not be avoided. People in my opinion can get too complex in their analysis and there is nothing wrong with this. However I think easier is better on my brain.
We are ready for a new bullish movement on XAUUSD -Hypothesis: The price is about to start a new bullish movement IF we have the confirmation of the price reaching the green line.
-If the price does not reach the green line, we will not consider our Hypothesis Active.
-Invalidation level: Redline, this means that if the price does not reach our green line, we will consider that the hypothesis is no longer valid / Also, if the price reaches the green line, and then a new local low happens (Redline) we will consider our Hypothesis to be wrong.
-Expected target: 1950,00
-Risk-free level: 1860.00 This means that if the price goes in the expected direction and reaches 1860.00, we will move our stop loss to the entry level.
Possible duration of the movement: 5 to 12 weeks
Technical Explanation: The price is on a convergence zone (Ascending trendline + Key Support level + Cloned channel of the Flag pattern). After a clear rejection on the level (double bottom pattern), we saw a clear breakout of the inner descending trendline. Based on those items, IF we have a new local high, we will consider that a confirmation for the bullish movement.
Thanks for reading!
PINBAR comes on gold weekly chart this mean we will see min 3 green candel in next 3 week
secret =Gold is very very sensitive pinbar on this timeframes 15-60-daily -weekly 99% have reaction
if you have open sell 100% close it now or put SL on today high ,break high mean new + trend
GC> long or shortGold could be a long or short depending on this 4 hour candle close. The triggers for a long and short are shown. My bias is short because,
1. Resistance needs to be broken and resistance happens to be the often strong 786 fib line
2. Upward wedge often means down move.
However be prepared for a move in either direction as both scenarios are possible.
Please like and follow if you enjoy my charts
Ms Bunny
COMEX GOLD $1506?Ongoing correction in COMEX gold futures will aggravate if it breaks bullish support line($1655), and may free fall upto 1506 within 2 weeks.
GBPCHF REQUESTED LONG TERM ANALYSIS - Waiting for price to complete M formation around either a) the orange zone or b) (more likely) the blue zone
- Looking for price action confirmation around these areas on the 4hr timeframe before entering long
- Price to retest the neckline of the M formation to complete it.
- If momentum is strong and price is able to break above through the neckline and retest it and give us price action confirmation, we could finally see GBPCHF being bullish and move upwards towards the green key target levels.
- Patience is key here - adjust analysis as price plays out (be reactive and not predictive)
GC> the battle fo 1700 continuesYesterday it looked as if we were headed toward 1700. But then price reversed back into the diamond. However the setup is still perfectly valid. And my thoughts are the same for the most part. However after adjusting my zones just a little, I have seen a path to below 1700. You can follow this with the red shaded down arrows. Personally I will decrease my position with each level achieved. Please use good risk management if yo decide to follow my idea.
Please support me with a thumbs up and a follow if you like my ideas.
Ms. Puckbunny
GC> to 1700. Let it beginI have entered the GC short trade. Please refer to my prior chart regarding this (see link below). My trigger has fired as break below the diamond and point of control has happened. Albeit, on a smaller time frame than my usual 4 hour. So, did I jump the gun? Perhaps, but I took this risk because all I see short at the moment. You can see my risk reward, and possible secondary target to 1700 in red.
I believe this is as strong short so I have risked a little more than usual with the caveat that I will end the trade early if it does reverse.
GC> Gold to 1700This set up has short written all over it.
1. Diamond pattern- this is often a reversal sign. This could arguably be called a bear flag as well.
2. Although not drawn on this chart an upwedge can be found in the diamond. Also a bearish reversal sign.
3. Down trend line test multiple times since early January 2020.
4. A demand zone that seems to be begging for price to come to it. ( this is a subjective statement- but sometimes your gut tells you things.
So I will short on a break below diamond. Yes this looks like a good short and seems very likely with a simple setup. But just when you think you know what is about to happen the market fakes you out. That’s why the stop loss was invented and why you ALWAYS need to use good risk management.
Let’s see what happens.
As always I love the thumbs up and a follow if I you enjoy what you see!
Thank you for stopping by :)
Ms. Bunny
GC> continuation of a downtrendAdmittedly this trade does not present the best risk reward ratio, but the high probability of success for this trade makes it worth the trouble.
Please see my previous GC post (link below) and how price has followed as I predicted at that time.
Please support with thumbs up if this is found useful
Thank you,
Ms. Bunny.
GC goes up to supply zone then back to 1700Gold I expect to go to 1750-1760 before dropping back to 1700
- upward wedge indicating reversal
- strong supply zone
- upward wedge vertex confluent with supply zone (I love when things conflue :)
- RSI will likely be overbought or show bear divergence.
I drew a possible price path scenario after supply zone is hit
If you like this idea please support me by giving a thumbs up! Please leave comments or ideas too :)
Ms. Bunny.
GC> short position triggeredMy short position was triggered. It possible my entry is a little early because I adjusted my limit order. So risk of trade is higher than originally planned. But at the same time I was worried about missing out on a potential lucrative trade. I guess that would be FOMO, but I will lower my stop if trade moves in my direction to limit risk.
Short is supported by:
- upward wedge
- clear supply zone
- confluence of wedge vertex with supply zone
- higher time frames re still very bearish. This is like an additional supply zone
My target is retest of inverse head and shoulders neckline. I will likely sell half my position at support of 1737.
You can see my risk reward plan on chart.
That’s it. This is as easy a setup as you can get. No indicators. Only patterns and price action
Please support by giving thumbs up!
Ms. Bunny
Composed with assistance of grammarly
GC possible back to short. Make up your mind already!So GC do not know what it wants. Now at neckline. Critical 4hour candle
- if price break below 4h neckline on 4h candle close take short position. Aggressive sell on break of neckline or conservative sell on retest.
- weakened demand zone (already reacted to prior demand zone) calls for possible lower target= more profit. However I would still take at least partial profit here.
- relatively weak support at black lines.
If price finish above neckline on candle close but rsi close below neckline on its head and shoulder still consider short entry. This is bearish divergence on lower time frame. Especially with close below the 50 line.
The corrective structure is almost finished XAUUSD / GOLDToday, we want to share a bullish opportunity we are aiming to take in the short term
-We consider that the Flag Pattern is finished and has reached a critical level: the support zone + the ascending trendline. That provides us with a confluence situation.
-Now we expect a bullish movement from current levels towards 1950 (the next resistance zone)
-It's important to say that we will not take a trade right now. We want to see signals that the reversal is happening. For example, we want to see a breakout of the descending trendline inside the flag pattern + a throwback before developing setups.
-Now, we want to pay attention to the price action on the current area between the support zone and the descending trendline
-We have defined an invalidation level. IF the price reaches the red line, we will consider that the bullish view is not happening, and we should pay attention to more bearish pressure coming.
Thanks for reading!
GC falling wedge 4 hourI'm long 4 MGC at 1674.1 on the bid line of this falling wedge. Normally, I will trade a full GC contract (or two) but the dollar is so strong right now, I find it too risky to use that much leverage.
Gold- looking for another long setup.My previous gold setup ( see link) is looking valid again
- down wedge
- support tested several times
- 4h bull divergence
Enter long on break of wedge for aggressive entry
Enter on retest f wedge for conservative entry.
Take full or partial profit at supply zone.
Continue short ES. So far so good.You see that price made through big resistance. Now maybe matter of time until target one. Possible big another
Drop to next target where no major supports. This be continuation of my previous ES trade. I come very close to stop out several times. But now in good profit. Now I let t run.
