today i am looking at the four hour timeframe looking to retest thee dump off that happened last week and drive price to the next level of resistance if it can break through and close in the range range identified by the support and resistance lines.
im seeing a gold flying till 1770 at ny open at least till chicago PMI.
Bouncing of support line to further adjust Golds next move. Anticipation also to rise as a effect on falling stock prices as investors are looking for other investments
Gold, like the previous pair, is stuck in the zone, only in this case - the support zone at the intersection of the strong level and the support line from October 2020. The price is now at the point 1793.35. Let me remind you that it came to these positions in the course of a long downtrend that began in August last year. In early February, the price broke...
Gold, like the previous pair, is stuck in the zone, only in this case - the support zone at the intersection of the strong level and the support line from October 2020. The price is now at the point 1793.35. Let me remind you that it came to these positions in the course of a long downtrend that began in August last year. In early February, the price broke...
Hello traders, hope you are all doing well. From my last gold trade and took on board of what I shown, I hope you enjoyed the hefty 3500+ pip movement! Anyways from the graph, a short term position looks like is going to be expected. Which will be a 400+ pip movement? I am not too sure. Anyway after that it can either go one or two ways. A breakout on a long or...
Gold showing signs of a more dominant progress north, to really understand where I am going with this, you need to view my previous charts linked below. I at first seen a possible break north in the early new year, this started as planned, alas the new variant came and further decline progressed, I outlined this possible drop in my previous charts, but did not...
It seems cold is coming to an important point. Looks like we are coming into an area which we discovered in summer last year. That time we made a nicely up. Would we finally see an reversal on GOLD and go up again? maybe around 1840?!?! - Weekly Ichimoku cloud will be touched at the bottom - we hit summer zone 2020 - This was bottom in november 2020 - fib level;...
Gold is in the middle of a long term long or short but at this situation above we can look for the major retest for a buying opportunity and a break thru the trend line for a short term short....likely Gold moves in opposite to US Index so we need to be careful at this situation...
Here is our technical view on GOLD. Our analysis is based on current fundamental situation. According to our drawing GOLD is trading within a demand zone. Based on our outlook the market will start growing. Like & Comment Our Analysis, Please!
Do your own analysis ... Dont Forget Moving Stop-loss At Break-even Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for...
Gold dropped to support at 1770.62. This is the strong line of August 2020. The only major breakdown occurred in December. After that, the line became a price support. Since December, the price has been moving in the following stages: Collapse to support, correction, return to support. After another collapse, the price touched the 1770.62 support. I expect the...
Gold continues to fall, although it has encountered small local zones and support levels on its way. In general, this drop fits into the general pattern of the chart, which consists of strong two-stage collapses that can be observed from August 2020. Now we can expect that gold will continue falling to the level of 1732.9. After that, it will finally start a new...
The price of GOLD after a sharp fall this week continues to stand in the area of support zone 1769.59, to which it returned yesterday during the correction. Thus, the price stopped its sudden fall and now I expect that it will start a new rise. The zone has been consolidating price lows since the breakout of the strong level in November 2020. There is also a...
Yesterday's price jump was false. Gold broke the strong support at 1786.51. However, it has now returned to this position. The price is in the zone 1786.06. At this point, the August channel line and the 2020 support line + February 2020 support line intersect. I expect the price to take advantage of the support. It will grow from the support zone to the...
Gold made a false break yesterday, dropping below the support line from which we expected a rise. And I finished the schedule and update the forecast. Despite the false breakout, the price returned to the position and is now in the support zone of 1782.67. Here we see one of the main trend lines - the support line for August 2020, as well as a small support area...