As we can see the bullish triangle is forming. After breakout prepare your position for long setups, if its fails we can target for support. Currently we will be looking for a long opportunity.
Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2044.792. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2077.570 level. P.S The term oversold...
Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2014.789. The above observations make me that the market will inevitably achieve 2050.000 level. P.S The term oversold refers to a condition where an asset...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2002.181. The above observations make me that the market will inevitably achieve 2047.937 level. P.S We determine oversold/overbought condition with RSI...
retraced into a FVG recently broke structure on the 5 min so either it swept its liquidity down there in the FVG and continues breaking the old high that i marked out as black (5 min, 15 min, 1h, 4h) and just rallies or it´ll go down again sweep liquidity once again and then will continue to break the last highs. tp under the FVG that i marked out that could bring...
Seems very Bullish from the following chart pattern But Watchout and Always protect yourself for otherwise MAKE THAT $$$!!!
Our final markup for this week with our major pairs is of course gold last week we called the Longs from pretty much the low Of Thursday we had a beautiful expansion across Friday session hitting our targets and exceeding them as it stands we've built a lot of liquidity within both sides of the market we did not establish our swing high meaning that this range has...
Gold market long play from 1980 presented with no commentary please feel free to share, analyse and comment.
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1895.249 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Hello,Friends! It makes sense for us to go long on GOLD right now from the support line below with the target of 1894.608 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1913.543 area....
After the FED meeting, gold, which had risen up to the 100-day moving average, experienced a sharp decline. The price is still outside of the downward channel it broke. On the H1 chart, the 21-period RSI has received an upward reaction from the overbought zone. It still appears technically possible for it to continue its rise towards the 1960 level. Additionally,...
Yesterday was a rough day. Gold managed to spike beyond the daily Channel(resistance) In my opinion manipulation occurd to wipe Sellers. Gold eventually fell back around 250pips. GOld is currently floating above support level. I think gold will climb first test the last high again around 1945 And fall from here. But there is still a untouched area around 1953 were...
Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1929.145. Taking into consideration the structure & trend analysis, I believe that the market will reach 1937.904 level soon. P.S Overbought describes a period of time...
FOREXCOM:XAUUSD Hello traders, Today, I'm actively seeking buy positions in the 1926 area for gold. My initial target is 1937, and if we manage to break through that level, I anticipate a potential rise all the way up to 1942. To manage risk, I'll set my stop loss just below the last low and under the trendline, approximately at 1922. This would offer a...
Hello,Friends! GOLD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1936.247 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GOLD pair. ✅LIKE AND COMMENT MY IDEAS✅
FOREXCOM:XAUUSD Hello traders, Today, I'm focusing on two potential trade scenarios. First, a bearish trade would be considered if we can remain below the resistance line. In this case, the stop-loss would be positioned somewhere above 1930. Alternatively, if we can't sustain below the resistance line, I would be looking for bullish opportunities. In such a...
Hello,Friends! GOLD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1938.088 level. ✅LIKE AND COMMENT MY IDEAS✅