Prior analysis: Earlier this week, I put out a post anticipating an upside movement with a long trade idea. And as we can see my last predictions come true thus far with still lots more room and potential for profit coming into the later part of this week. The price first touched the support around 1860 before we begin today's rally higher. $1,900 per 0z....
First, I want to remind you of my predictions from the beginning of this week. The price, step by step, came to the first step of the goal, which I outlined last Friday. Namely, it broke through the support line 1862.65. December 14 December 15 December 16 Now I expect further growth to form. The growth was based on a strong support line, which began to form...
On Gold I see the price still bullish. The price should break the Resistance which will then be turned as Support in order to push the price more to the upside. Long Term Target is 3000$
Cross over between tredline and SnR at RED BOX + DXY chart still DOWNTREND
Next upside target for the yellow metal is $1,900 per Oz which I can see happening relatively quickly on this trade. Please use your own trading judgement and be careful when trading gold.
In this video I am explaining why Gold should go up till 3000$.
What is up trading family, Comin back at you with my December 13th , 2020 analysis on XAU USD. As always don't hesitate to drop your questions and comments below, your feedback is always appreciated! Take profits and take it easy -- I'll see y'all next week. - Ray
My view for gold next week is that it will be bullish, i will be looking for breakout from the 1850s are probably retest the 1850s or the trendline for longs.
Since August 2020, the price has been in a downtrend. In November, after the US elections (during which the price showed an increase), there was a collapse. During this collapse, the price was able to break through the trend line and move down to the strong support line. This support line has existed since May 2019. It will determine the direction of the older...
The price is moving towards the target of my previous forecast. Namely, from the resistance line 1869.32 it moves to the support line. The price is at the intersection of two channels. 1 - the smallest descending from August 2020.2 - ascending and the oldest from January 2019. There are also two levels in the crossing zone: resistance and support. Recently, the...
Here my explanation and view on the current situation of Gold. What do you think?
On Gold we are about to go one last time to the downside before the major trend is going to be continued. I have marked two potential Targets for shorts if the market will respect the Resistance Level. Scenario 1: W-Formation Neckline and afterwards the Continuation to the upside Scenario 2: 1750 and afterwards continuation to the upside
Despite the fact that the price has been moving in a long downtrend since this summer, gold has been showing good growth lately. I want to remind you of my previous forecast, which came true. Having bounced off the strong support zone, the price started to rise. Thus, it is moving along the target that we discussed yesterday and still continues to form an upward...
In this video I will explain you an example about Stopp Hunting. What do you think?
On Gold I expect a nice drop from this Supply Zone. Target is 1750. We are still in the Correction What do you think?
We still hold a long view on Bitcoin and are encouraged the cryptocurrency after it's sharp reversal didn't consolidate below support at $17300. Additionally, we are encouraged that Bitcoin's performance has, not only decoupled for that of the S&P 500, but also that of Gold which unlike Bitcoin has continued it's sell off from last week.
In this video I am sharing with you my analysis for Gold. I still see it bearish. So for now the next Target is the 1750 Level. What do you think?
so as you can on the daily price is far away from the moving averages and when ever that happens price normally makes it way back to it if price breaks out of the pink zone i think price will go up to about 1840 and makes it way back down once again here is another view of my mark up on gold