Let me remind you that at the beginning of the week the price started a correctional movement. It fell from the resistance line of 1837.80. Then it dropped to the support line 1808.92. It pushed off this line and broke through the border of the 1831.01 channel. I expect the movement to continue. The price will first rise to the resistance line 1849.04. Then...
STOPLOSS 5 pips below previous low. TP 100 pips. valid from 8-11am eastern time.
In the process of growth in the ascending channel from the support level of 1677.45, the price was able to break through the strong support zone of 1760.82. In this zone, the support level and the line of August 2020 intersect. After the breakout and consolidation, the price rose to the resistance line of the middle of the channel 1845.07. Then she again rolled...
two pattern shape in weekly and daily gold chart , i think it touch 2500 $ for long terms;)
Solid technical and fundamental backdrops for gold these days. I find this historical view interesting! Gold has the potential to be THE asset to own over the next decade.
Let me remind you that at the beginning of this week, we expected a price reversal from the resistance line and the beginning of a correction before the start of a new growth. My previous forecast is still valid. I expect the price to fall first and then return to the channel. But it will bounce off the support line of March 2018 and return to growth again. In...
Let me remind you that at the beginning of this week, we expected a price reversal from the resistance line and the beginning of a correction before the start of a new growth. My previous forecast is still valid. I expect the price to fall first and then return to the channel. But it will bounce off the support line of March 2018 and return to growth again. In...
The price has broken through the strength of the support zone 1800.29. In this zone, three strong lines intersect at once: June 2019, June 2016 and December 2015. A breakdown of such a strong zone is a good sign for growth. And I am updating my forecast. Now I expect that the price will first roll back and consolidate in the zone at 1802.40, and continue to grow...
Expecting a small pull back to around 1800-1822 before we can reach 1900+ (1950 easy by the end of June)
Gold Bulls are back, heres some possible SHORT & LONG term targets i can see playing out in the near future
Gold might hit the new support of 1761, afterwards it will rise to the 1800 levels in few days I quess. It might even not hit the 1761 and will continue rising. I don't see any fundamental news right now what can decrease the Gold price for up coming few days.
in this trade i am going to be looking to take a long trade on xauusd to go and retest the highs and very strong resistence level found at 1794. with my stops below the 4h support that was created.
I shared here two options for Gold. If we will remain this bullish structure then the price will break the Supply Zone otherwise the price will respect the Supply Zone, (blue zone) and we will drop more to the downside What do you think?
LET THME SELL TO FULL MD1919 WHALE
After the jump in prices that we saw last week, the price of gold finally stopped. First, it reversed from the resistance level. Then she continued to fall, although she had not yet started a strong confident movement. I want to remind you that the price has been in a downtrend since August 2020, when gold first jumped on the strength of a pandemic and then...
Hello trading friends, Depending on data now, it shows a possible trend for bitcoin to 56k+ we will update later more about this update. There are signals that shows BTC into a stable trend to increase trend.
Gold has risen above key resistance at $1750 and we have hence changed our view to long as the FOMC minutes indicated interest rates will be kept low despite rising inflation. Additionally, a significant correction in the coming weeks in particular on the back of US corporate earnings results could see increased demand as it is a safe haven asset. Therefore we...