EURUSD - M15 - DOVERGENCE - SHORT/SELLAs per our previous analysis EURUSD hit it's TP.
This is what we feel good short setup.
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The MorningStar Forex
Gold-short
GOLD break downThe price breaks out the lower boundary of the accumulative flat. I expect a continuation of the fall along the trend after the correction and consolidation relative to the consolidation support. Target - level 1680
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Gold: Waiting for better Long PositionGOLD is consolidating inside the Bearish Pennant.
Expecting to finish the wave count at around 1789/ 1792 and continue down to 1753/1755.
Hoping to find a good support there, if not 1730-1740 area is next big support off the main Trend line.
This is my view based on what I have observed as of current. All constructive comments are welcome.
Disclaimer: This is not a financial/ Trading advice.
GOLD consolidation below RESISTANCEGold is consolidating below the resistance zone, which suggests a further decline in the value of the metal. Also, consolidation is taking place between two strong levels of support and resistance, I expect the price to fall towards the global low
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GOLD down after consolidationGold continues to be flat below the rising channel. Globally, we returned to the borders of the downtrend. I expect an exit from the consolidation down, when it is not clear yet, but the key point is at the bottom. Target - support 1737.
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GOLD fall after CONSOLIDATIONGold stands still after a strong fall and moves in a narrow range from support to resistance. Since there is no reaction to a false breakout of 1764, the instrument enters a retest, I expect the price to fall even lower. Target - current levels - 1725, 1678.
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GLD ForcastThis most likely course for gold to take over the next week. I believe GLD will fill the gap, test TL, and then be rejected and break down lower. Scalping up to TL, and then Short will be the positions i will be looking to take. I dont believe that Gold will be a safe bet in the event that we see a 5-10% correction in the overall market.
Gold to Fall furtherGold hit a key resistance at 1900-1910. a reversal was imminent.
The fall is not over yet.
You can see a rising wedge, which will reverse downwards.
Expect gold to reach close to 1850 before more direction.
We should see 1865 within this week, this coincicdes with Bond yields which are likely to rise.
GOLD will descend to SUPPORTThe price does not go above the resistance zone; after yesterday's growth, it corrects back under the zone. I am expecting a drop in the value of the metal. My target is support zone 1864.5
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GOLD to SUPPORT zoneAfter the Gold reached a strong support zone, the price rushed up and hit the resistance level. I expect him to go down. The target now is the 1862 support zone.
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GOLD some SHORT to 1870Yesterday Gold hit a STRONG resistance zone. And it began its retreat downward. I expect this withdrawal to continue - until the target is around 1870.
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GOLD some CORRECTIONLast week, my forecast showed growth - and so it happened. Now I expect a slight correction towards the lower support line (the lower level of the channel). Then - growth.
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Long and short bias for up coming weekObviously overall gold still in an up trend, as price broke out of the weekly/daily down channel. If bull continue the upside run 1950 will be a next stop. If price wanna go for a retrace for a better price to continue the bull run, hourly resistance will be a great opportunity for a short position.
GOLD: False breakout and fallGold has broken through the resistance of the global downtrend channel. I suppose that after the distributive movement, consolidation is formed at the level, we are waiting for further reaction, I expect the price to drop to the support level of the local ascending channel.
GOLD: Trading Signal From Our Team
GOLD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 1875.68
Sl - 1895.52
Tp - 1845.90
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD shortThe price is now in the resistance zone - a strong level + resistance line, which is the upper channel line. Despite yesterday's attempts to go up, the price held back. And now I am waiting to go down - to the lower border of the channel.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: Trading Signal From Our Team
GOLD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 1868.13
Stop Loss - 1883.06
Take Profit - 1845.77
Our Risk - 1%
Start protection of your profits from higher levels
Please, leave a comment and support us with like.
The Summer Short (Update) ... Or Long... ? The next day or so is crucial to see how the daily close is and if we come back into the zone or whether it closes outside the zones and begins to create a new one. Patience is key but my analysis for this update is self-explanatory. Do you think we could see 1950-2000 towards the back end of summer into august? Let me know your thoughts below..
GOLD FALL and leave ascending channelAfter the price broke through the support zone 1802.36, it rallied and reversed for a correction.
During the correction, the price fixed at the support line 1807.68.
And from this line it grew to the resistance line 1860.10.
This is a strong resistance line that is the main one for the downtrend that the price has been following since August 2020. I now expect the price to touch this line at 1859.19. After that, it will fall, break through consecutively: the support line of the ascending channel 1818.16, the support line of March 2018 of 1810.41 and the level of support 1798.86. So our final target is support line 1782.14.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD : from what point start selling?The price continues to rise - something that half of the market was talking about last Friday. The growth provides the support level 1765. 77. Now we can expect that the price will complete the growth at the resistance line 1853.86, which has stopped the price growth since August. After that, the price will drop again to support 1765.77.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
