This is the current question when we have a look at Gold. The price is right now at the weekly Resistance Level and from a daily perspective the price looks like it is going to drop down. But we do not have further confirmations yet. Therefore I am not interested in trading it right now. We could expect right now both direction because the whole structure is still...
1905 would be a good sweet spot to close the trade. A strategy with minimal loss.
The price has reached another intermediate target of my predictions. Let me remind you that first she came to the support line. Then a new growth started from the support line. And as a result, it rolled back to fix on the line. Today I am looking at the hourly timeframe price to clarify the smaller movements. The price has been moving in an ascending...
Let's recall the price movement using the example of my past forecasts that came true. The price corrected to the support line. Then it began to grow. This time we will consider my last trade as an example of a correct trade using the channel breakout pattern. There was a breakdown of the resistance line of the falling channel (the price left the channel), then...
So, Gold has been developing in line with our forecasts for the past week. Let me remind you of the last price movement. First, the price began to fall towards the support line. It touched her and pushed off for new growth. Continued to grow, as I said yesterday. I have analyzed the chart once again and modified it taking into account the price movement...
Longterm set up for Gold - 2021-2022 - forming the handle to the cup
GOLD is trading within a support. Based on our analysis the market will accumulate. Like & Comment Our Analysis, Please!
Gold has been falling since early August. Support and resistance lines can be drawn along the highs and lows of the price, respectively. They form a descending channel. At the end of November, the price bounced off the support line (lower channel line) 1767.63. During the growth, it was able to break through the support line 1808.90 (from 2019). Then it touched...
I am explaining you here where to buy GOLD What do you think?
Hey traders, Here is our technical analysis on GOLD. The level where the price is trading right now is peculiar and the price will most likely bounce from that. Like, comment and subscribe to our TradingView Page.
On Gold I recommend you to the buy the Low after the Correction. I expect afterwards the continuation of the big uptrend What do you think?
Gold doesn’t have to be complicated. I’m forecasting gold to range around Support 1 and Resistance 1 for the rest of December. January is always a big month for trading and we have to be prepared. Big swing trades are coming soon!
We could go either way, however, I have forecast entry points for whichever way the market wants to go.
We still continue to expect the price to move towards the older resistance line, which was formed back in August. Let me remind you that since the beginning of the week, the price has been working out step by step the movement in the direction that I predicted back on Monday. one. 2. 3. During the week of growth, it has strengthened on the support line, broke...
The price stopped growing and is working out the correction by falling. At the beginning of the month, it started to grow from the support line 1821.74. This is the strong line of 2019. During the growth from it, the price was able to exit the descending channel 1860.30. However, now the growth has slowed down and I expect a correction. In my opinion, the price...
On Gold I see the continuation to the upside. If the market will give us this nice retracement, it will be the possibility to buy Gold. What do you think?