xauusd In the 4-hour time frame, it completes the head and shoulder pattern, and we are expected to see the price reaction in 1720.
☑️As you can see from the chart Gold is now experiencing the biggest correction in 3 years The precious metal lost almost 20% of its value in 9 months All that while the fed and the treasury keep pumping the system with dollar liquidity S&P500 is setting new all time highs every week And all other commodities and crypto are growing One might say, that...
GOLD - Classic bullish pattern - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry Level - 1745.31 Sl - 1677.89 Tp - 1846.56 Our Risk - 1% Start protection of your profits from lower levels Please, leave a comment and support us with like.
I think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave. So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of...
The chart gives us a good signal of easy money if we bought the gold now Enjoy the profit
After Gold make a weekly big candle rejection at 1682 i see the price reach key levels 1779\1860\1955 probably $2000... this trade is more about fundamentals.
Gold had a downturn at 19,19% and stayed in correction sentiment, but were close to bear sentiment (20%+ fall in price from the top) . Around price 1676$ it saw massive technical support. The technical support where in these 3 types: - Trendline from previous lows. - Fibonacci 0,618 based on lows from March 2020. - Bollingerbands 1000,3 based on 4-hour chart....
Gold looking good for Long set ups..The Buy flow is Already formed. Except waiting for price rotating back to Demand levels.
As I said earlier, the price first fell from the resistance zone 1742.67. And then it came to the support level of 1675.96. This is a strong level, which started the price growth last spring. Therefore, even now I expect the price to rise from it. Moreover, two strong lines of support last August run alongside. I expect the price to rise from support level...
Answering the question in the title - we can expect that the price will bounce off the support, since this is a strong level. It was from this level that the price began to rise last spring at the beginning of the pandemic. And it is part of the support zone that the price came to in early March. So after the price dropped from the resistance at 1736.63 to the...
the chart shows us an opportunity of easy money from buying
Over the course of two weeks, you and I watched the price move along the resistance zone and expected a fall. And now, finally, yesterday the price started to move and fell towards the support line. The fact that the fall will happen sooner or later, I said all last week. It is important to bear in mind here that since August 2020, the price has been following a...
Hi there, Lets see how the market behaves when it opens. What i can see on this timeframe is price is making a H&S pattern. Both keylevels are being respected perfectly and the crucial head has already been created. This causes psychology to Stop out early buyers, a move the market always makes after the first shoulder creating the head afterwards Remember that...
And for the fifth day, the price has been in the resistance zone of 1724.25. At the same time, it moves between the borders of the zone as a whole, keeping the downtrend. And yet, such a long pause in the correction zone may indicate an impending growth. Why growth? In a trend that has lasted since August, periods of falling are clearly visible, differing in...
Gold is still in the 1734.83 correction zone. This zone formed in the middle of a global downtrend that has existed since last August. At the moment, the price has been moving in the zone for almost two weeks, while naturally descending minimally in the direction of the trend. However, we can expect the price to complete the correction, leave the zone and rise to...