In November last year, Gold began to move in a growing trend from the support of 1761.05. But after a false breakout of the resistance level of 1927.23 last week, the price collapsed. In my opinion Gold will start a new growth. The price has stopped because it is near the strong support zone of 1828.14. The zone is formed by two strong lines (August 2020 and...
On GOLD we can see that we are currently in the WAVE 2. Which is a correction. Therefore I do expect right now a move to the upside followed by a strong move back to the downside. Afterwards Gold is ready with the correction and wave 2 and it will start wave 3
Last week gold showed a strong downtrend, simply dropped from the 1952.12 resistance zone. The price stopped only at the support line 1824.39. This line of support starts in August 2020. Apart from the false breakout caused by the US elections in November, the price broke the line only once. At the end of December, the price was able to break through it during...
I believe the recent leg up noted on my previous idea was just a small wave which has now formed the first leg of a larger wave and has wicked off support. Glad I took profits right at the top, and will be entering again now with a SL around $1810
After the price crash that brought us a good profit two days ago, Gold continues to fall. The border of the ascending channel, in which the price moved since November, could not contain the fall and now Gold is at the support line 1892.88. Let me remind you that a few days ago it came to a very strong resistance zone 1959.18. This zone is located at the...
Here is what I see on Gold. What do you think?
We have been tracking gold cycle in the last few months. It had a downward trend in the month of novemeber and december has seen Gold uptrend. It's very close to our accumulation zone. If the price sustains in the accumulation zone, we can see further upmove in the coming weeks. Charts show GOLD taking support along the yellow trendline. Gold price upmove can be...
Looking long from the psychological level of 1912 and first TP at 1920 2nd tp at 1928
Since December, the price has been moving in an upward trend. The trend was guided by the support line (end of November 2020). During the growth, the price successively broke through three support lines. Two of these lines, 1895.238 and 1930.446, I designated as growth targets. The basis for their formation is the downtrend, which the gold held from August to...
1977 is the powerful resistance. It could be a little retreacement there.
Since the beginning of the week, the price has gone according to all my forecasts. And my last prediction went perfectly! Thus, he brought us 420 pips of profit! Let me remind you how the price moved: First, Gold came to the resistance line 1947.47 Then it moved along the line for a while and began to fall. And literally in one trading day it collapsed. I...
Gold respected the 78.9 level fib and the trend line on the daily tf. Next target would be -0.27 and -0.68 fib extension. There might be a pullback when it reaches the 38.2 fib extension (around 1930) which would give us a chance to re-enter to go long.
XAUUSD Trading Tip 📈 —————————- Price broke a very strong bullish channel with a strong movement up. Now we are getting the retest for the true bullish movement for the neext weeks 🔥
My predictions continue to come true. First, the buy signal earned 560 pips. The price then consistently reached Targets 1 and 2. Now gold is rising towards Target 3 as I predicted. The basis for the growth for Gold was the strong support zone 1823.983 (the intersection of two lines May 2019 and November 2020). After breaking through the line 1930.446 (Target...
looking for gold to impulse lower towards the 1942 level before moving higher towards 1961 level and possibly to 1966 major level.
Whoever used my last signal made 560 pips. We bought and got a good profit. The price went up and reached the second of my goals. The first target, the support line 1895.238, was reached at the end of December. The second target - the support line 1929.924 is broken today. In both cases, the price growth was supported by a small support line (December 2020). I...