The QM pattern is formed and the price will move towards 1943$
Here is our technical view on GOLD. Our analysis is based on purely technical outlook According to our drawing GOLD is trading within a support cluster. Based on our view the market will start growing to the underlined supply zone. Like & Comment Our Analysis, Please!
Gold has been trading sideways over the past few trading sessions but now appears to be gaining some upward momentum given last week's sell off in equities and increased volatility. Therefore we believe the precious metal could continue moving higher whilst it's above support at $1826 due to increased investor demand for safe haven assets given the current market...
Make sure to comment your ideas below. Follow for more! Good luck everyone! Your sincerely, The_BingeTrader
Here is our technical view on GOLD. Our analysis is based on fundamental & technical metrics. According to our drawing GOLD reached a strong support area. Based on our stand point the price will go higher. Please, support our analysis with like and comment!
Since November last year, the price has tried to form an ascending channel, but eventually broke through its upper line - the resistance line 1810.51 and left the channel and continued moving above it. However, in early January of this year, the price collapsed and returned to the channel once again breaking through the resistance line, but this time during the...
Gold continues to move within the strong support level of 1847.33. Let me remind you that after the growth from the support line 1829.20, the price was able to break through this level, and then doubled down on it making small false breakouts. The support line, the lower border of the ascending channel, which began to form in November 2020, prevents the price...
Gold continues to move within the strong support level of 1847.33. Let me remind you that after the growth from the support line 1829.20, the price was able to break through this level, and then doubled down on it making small false breakouts. The support line, the lower border of the ascending channel, which began to form in November 2020, prevents the price...
Let me remind you that yesterday we said that the price passed in accordance with the first version of my forecasts announced last week. From the support zone, it began to grow, then broke through strong level and then - the resistance line, after which it made a sharp rollback but returned to its previous positions. after a small downtrend, the price pulled back...
Well, I guess can see everything on the chart, sooooo BYE???? (*first post)
According to my forecasts, the price first: reached the resistance zone and began to fall. Then she kept her fall and sank beyond the zone. I adjust the forecast and return to my original goal. I expect that after the price has worked out the correction to support 1850.48, it will start to rise. First, the price will break the resistance at 1870.74. Will be...
Let me remind you that at the beginning of last week I predicted two variants of price movement. And as we can see, the price began to develop according to the first option, thus bringing us 440 pips of profit! From the support line, the price began to grow, broke through a strong level and then - the resistance line, after which it made a sharp rollback but...
From a COT perspective , we are looking at a gold ranging between the area of 1900-1800. Mostly because of the institutions that are closing a lot of long position alongside with the short positions closed for a total net positions of 246,000 compared with 280,000 during the last month. From a pattern perspective we are currently looking at corrective move being...
This idea I have done to assist me in the production of mid and short term analysis, (to follow soon), that said from this analysis I can see a few area's to lookout for, we undoubtedly will see retraces as gold moves, this can effect the overall view of my analysis changing the time path. Area's to watch: 2010 2078 2130
We are long on Gold after the sbring box on Daly (pin bar with high volume) , but watch a price action in a lawer frime time (1h) to enter the trade