My past predictions have come true. Gold price bounced off the support zone 1703.59. For yesterday, she reached my intermediate goal. The price is at 1736.40 support. I continue to expect growth to the resistance of 1765.70. You can open a purchase from this point. SL - 1725.76. TP - 1765.70. -------------------- Share your opinion in the comments and support...
After the price bounced off the 1800.37 level, gold fell non-stop. During this decline, it almost touched the bottom of the long downtrend that began in August last year. The price bounced off the support zone 1682.90 and resumed its growth earlier this week. Now the price has come to the support line 1736.25. This line was formed in the middle of the channel...
The price continues the period of growth in the bearish trend, which has been adhered to for the last half year. In February, one of the longest and strongest price drops in this trend began. But now we can expect that the price will at least correct the fall, moving up to the upper border of the trend. It is already at the correction line and will break through...
At the beginning of the week, the price came to the support zone 1692.34. Then the growth began. After the price broke through the area of 1692.34, it began to work out the correction. I expect the price to consolidate towards the zone first. And then it will continue to grow and break through the nearest resistance at 1727.25. Then it will rise to...
The price started to rise as I said in my previous forecast. However, it began to grow immediately and did not reach the support zone at the intersection of two strong lines. So I corrected the idea. Now I still expect growth. The price is still in the support zone created by the 2018 and 2016 lines. I expect growth from this area of 1678.29. The price...
Hi all Very interesting place for GOLD. After quite positive news with vaccinations, GOLD as a safe-haven asset lost its growing momentum and experienced correction that as for now stopped at the psychological level of 1700 and Fibo 61.8 which are main arguments to possibly go long over here. Feel free to comment, give your thoughts. Would appreciate it if you...
As I said in my last forecast, the price continues to fall in a channel that has existed since August last year. During the fall in this channel, the price broke through the resistance line, which formed inside the channel - 1756.08. Then it continued to fall and is now near the support zone 1649.23. This zone is formed by the channel line and two strong lines...
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Simple fractal moves down. Each Fibonacci reracement level since 2.06k we have seen a significant bounce to test bear movement down and continue retracement (12345) I expect to see a similar move now we are sat at the 0.618 retracement level. Check comments for updates, daily seeing a possible swing low forming right on the 0.618 line which could confirm move...
I did initially see a possible start of the precious metal moving back to the main trend pre-end of March, as price began to settle around 1800, a sudden push south the last 7 days may be further indication of a more momentum related push north to return to the trend line from 2018, my long term view did show this dip, (see linked chart below), but with less...
Stay tuned for NFP news today. This can be the motivator of this pattern.
I am extending my previous forecast as gold has reached my intermediate target - the 1684.49 support zone. Hence, we can expect growth to the resistance line 1774.33. SL - 1649.22. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
XAUUSD BUY start: 1698.37 stop loss: 1692.09 take profit: 1742.83
As you remember, Gold has been in a downtrend since August 2020. At the same time, it showed strong growth several times, such as in November during the US elections or in January during the Capitol riots. However, in general, the trend continues. Nevertheless, I continue to expect the price to rise. Gold has been in a strong support zone for several days now. In...
As you remember, Gold has been in a downtrend since August 2020. At the same time, it showed strong growth several times, such as in November during the US elections or in January during the Capitol riots. However, in general, the trend continues. Nevertheless, I continue to expect the price to rise. Gold has been in a strong support zone for several days now. In...
Gold: Strong Buy Wave Count: Daily (Wave 3) Target Area: $2605-$3170 FMW
The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016! Now the main question for all investors is when exactly gold will stop and begin to grow. I think this support zone is the perfect starting point for growth....
Over the past week, gold has seriously collapsed, breaking through several major price levels. But judging by the jump in growth, we can assume that the fall is over and the price is ready to rise. Now gold is in a very strong support zone at the intersection of three lines. therefore, we can expect its growth to the price level 1815.89. SL - 1713.32. Remember,...