Gold price breaks it previous zone and tested coming bottom, so upon retesting of zone short entry can play well, to lower green line No.1 and test green line No. 2
Gold could fall to the resistance range (about 1820) and it can be a signal to sell because of -RD and having a pin bar in the support range with movement in the overbought range in the RSI indicator ---This analysis is not an offer to buy or sell---
Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end. The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned...
Looking at shorting Gold, I have been working on a trading strategy for a few months now and it's pretty effective, also giving the fact that Gold has been going down for the last 5 months I don't think the upside momentum will continue next week.
Potential second leg of a double bottom price formation, in addition to previous price point integrity. further price drop is always a possibility so a (PENDING ORDER) might help mitigate risk of a premature entry (entry above RES/SUPP).
Hello traders, Gold in 4-hour timeframe, this analysis was prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe. First of all, I must say that the counting was done in 8 hours, but we counted the smallest waves. The basis of our count has been uptrend, in that we are inside a leading trend in which the main waves 1 and 2 are...
Possible movement from recently broken all time high to support.
hello traders this is my view about gold for this day :) if you appreciate my chart art like and comment
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4hr/1d timeframe for context. stop lower than prev low, decent entry point.