Ending diagonal or double bottom reversal. Waiting for price action to signal long
Gold longterm price target 2700 in 2027 .
Gold has risen back above key support at $1560 on the back of stimulus and a fall in the US dollar. Therefore we resume our long view as Gold is the most popular safe haven amongst investors in periods of uncertainty and economic weakness and consequently we see the precious metal potentially surpassing all time highs this year.
Gold long trade confluences: Trendline, fibonacci golden pocket rejection, rejection of sig level at 1500.
I belive gold will have a push upward soon! As you can see by market structure gold have broken it's 3 day flag as predicted and moved to test support but bounced off and broke the channel! I would now like to see a test of the channel and price to bounce more up as i belive hedge fund managers are scaling into gold positions now after posibly selling to...
As you can see by the chart gold have broken the 4 day flag pattern and moved up and broke the weekly channel! i now believe gold will continue up beacuse of hedge fund managers scaling into gold after selling off positions to hedge and compensate for some of the losses that have happend during this bear market in the US! US is also pumping a lot of money into the...
I see gold moving north for a bit to around either 1525 or with continuance to 1585, from there see further down side breaking 1463, at this stage a further push south now and breaking 1463, should see 1400 shortly after
Large bearish movement currently. Looking to retest 1540 level and 20 EMA looks as if it is lining itself up at the same level on the daily time frame. Additionally, on the weekly time frame this level lines up with 0.618 fib retracement. Will we get confirmation on the 4hr time frame?
After a strong decline, Gold reached a strong support line. I expect GROWTH before the resistance line 1523.
Hi all, GOLD has been experiencing massive movements for the past couple of weeks, of course due to the current events and risk that's evident in our world today with the virus and what not. To make things simple, I've incorporated the 200MA in my charts to see where we could have a good resistance/support level before we analyse further. Not surprisingly,...
Big congratulations on our massive sell from 1680-1500 on previous analyses on descriptions below. However now seen we've broken the bullish trend wait for Reversals(pattern, candle) If none then sell further to 1400s, Or wait for drop into the bullish pennants flag loading our buy-setups. If still holding the sell from last week then lock profits with SL @1560 ...
I have updated my previous analysis taken from a more suitable larger time scale
Gold saw wild swings in yesterday's trading session after as FED chairman Powell announced additional stimulus to the economy. Gold had been dropping along with equity markets despite it's safe haven status until Powell's announcement therefore we maintain our long view whilst the precious metal is above long term support at $1560.
Gold Insight - Weekly trend moving in an upwards channel and a downtrend inside the channel. Support 1562.37 - 0% on the fib so price should go upwards unless pushed down by fundamental events. Price is likely to go long break resistance at 1584.27 Intraday : Buy Trade: Buy Buy or above 1562.37 Target TP: 1584.27 & 1597.81 Pivot and support: 1562.37 Trade:...