Gold-short
GOLD fixation in the resistance zone and fallGold has also been following a small uptrend since the beginning of this week, but already now we can talk about the cessation of the rise and the price reversal in the fall. Thus, my previous forecast is in the process of being fulfilled.
The reason for the price growth is the strong support level of 1675.91 from which it bounced off earlier this month. After the start of growth, the price was able to break through the support line at 1740.56. And then the level 1763.79. However, immediately there is a resistance zone formed by the level, the line of August 2020 and the line of March 2018. Therefore, the price could not break through the strong resistance, but turned around and began to fall.
I expect the price to consolidate at the 1763.79 level after which it will drop at the 1719.69 support line. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD FIX in RESISTANCE zone and FALLGold has also been following a small uptrend since the beginning of this week, but already now we can talk about the cessation of the rise and the price reversal in the fall. Thus, my previous forecast is in the process of being fulfilled.
The reason for the price growth is the strong support level of 1675.91 from which it bounced off earlier this month. After the start of growth, the price was able to break through the support line at 1740.56. And then the level 1763.79. However, immediately there is a resistance zone formed by the level, the line of August 2020 and the line of March 2018. Therefore, the price could not break through the strong resistance, but turned around and began to fall.
I expect the price to consolidate at the 1763.79 level after which it will drop at the 1719.69 support line. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD pause in RESISTANCE zone and FALLThe rise in the price of gold has continued since the beginning of the week, however, correction in relation to the main downtrend that has existed since August 2020. Having bounced off the level of 1679.67 at the end of April, the price began to grow. During this growth, it was able to break through the support line of August 2020 - 1737.17. After that, it fixed on it and continued to grow.
At the beginning of this week, the price came to the resistance line 1784.21. This is the trend line for August 2020. The price tried to break through the line, but the strong resistance level of 1792.36 immediately passed. Therefore, I am sure that the price will not be able to break through it and continue to grow. I expect the price to fall from this resistance zone, fix on the line at 1766.23 and come to the support line at 1713.65. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: a growing correction within a downward turnGold has continued to rise since the beginning of this week. Growth is not very active and nevertheless. This move is in line with a small uptrend from support level 1677.63 that started in March this year. A similar upward movement took place in December 2020. It ended with a collapse in prices and was rather a correction to the main downtrend. This time, we can also expect that the price will first touch the resistance of 1811.51, after which it will fall to support 1764.54.
Remember, there is no place for luck in trading - only strategy!
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Gold, Short, 1:15 Available.Good afternoon ladies and gents.
After several bullish days as anticipated based on our previous Gold Idea. We are now seeing a sell structure present itself.
After trading up into the D1 Bearish Orderblock. Price broke the bullish market structure to the downside on the H4, H1, and M15.
Price is now at a favourable area to look for shorts.
Objective 1: Low of the H1 Range.
Objective 2: D1 Bullish Orderblock in line with a H4 void refill.
At that point, I'll be looking for a reversal long in line with the HTF trend.
GOLD pause at RESISTANCE line and FALLAfter the price bounced off the support zone 1675.91 at the end of March, it was able to show strong growth. First, during the growth, the price broke through the support line at 1731.84 and fixed on it. After fixing on the line, the price continued to grow and eventually grew to the resistance trend line 1784.10. This is a strong line formed in August 2020. The price has been with her since the end of last week.
During this time, she made two attempts to break through the line. but no breakdown occurred. I expect that after a pause at the resistance line, the price will reverse and start falling. It will fall to the support line 1704.07. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: when to end growthThe price continues to rise since the moment it settled at the support level of 1677.63 at the end of March. After that, it was able to grow, break through the level of 1764.54. After the breakdown of the level, the price worked out the rollback and fixed on it. Next can now assume that instead of a rapid fall, we are still expecting a slight rise to the resistance of 1811.51. And only then return to blood 1677.63.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD false breakout of RESISTANCE level and FALLAs we expected at the beginning of this week, the price completed its growth and reversed its decline.
After the price touched the call support 1675.91 for the second time at the end of March. It grew, during the growth it was able to break through the support line 1741.46. After that, it fixed on this line, rose to the resistance level of 1763.79 and even broke through it. However, the resistance line of August 2020 - 1776.26 also passes near the level. And the price stopped growing.
Now it has moved down from the line, came back to the resistance level, and I expect that after that the price will continue to fall and come to the support zone 1688.69. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
DeGRAM | GOLD fall in several stagesBoth of my predictions came true.
First, the price bounced off the strong support and rose to the line 1731.14.
Then it broke through this line, consolidated towards it and continued to grow.
I expect that after the breakdown of the support line and growth, the price will touch the resistance of 1789.71.
Then it will start to fall.
Correct and eventually go down to support.
The target is 1694.14.
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GOLD touched RESISTANCE level. Next target - FALLLet me remind you of the price movement according to my last forecasts that came true. Initially, gold continued to grow and during the growth was able to break through the support line 1736.07.
Then it fixed on this line, pushed away from it and continued to grow, eventually reaching the resistance level of 1770.35. As we expected yesterday.
Now the price is at a strong resistance level. Despite the fact that over the past six months the level was broken several times, I expect that this time the price will stop and will not be able to break it during the growth. The reason is the lack of strong support for growth. I expect the price to fall to the support line at 1722.93. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD touched RESISTANCE level. Next target - FALLLet me remind you of the price movement according to my last forecasts that came true. Initially, gold continued to grow and during the growth was able to break through the support line 1736.07.
Then it fixed on this line, pushed away from it and continued to grow, eventually reaching the resistance level of 1770.35. As we expected yesterday.
Now the price is at a strong resistance level. Despite the fact that over the past six months the level was broken several times, I expect that this time the price will stop and will not be able to break it during the growth. The reason is the lack of strong support for growth. I expect the price to fall to the support line at 1722.93. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: has reached the first target and is ready to fallGold has come to the level of 1763.01. This is a fairly strong resistance level, which was broken through in February 2021. After the breakout, the price fell to the no less strong support level of 1677.63. After that, it made the first rebound, stopped at the resistance line 1743.36, and fell back to the level. And already having rebounded for the second time, it broke through the line and rose at the resistance level. Now we can expect the price to bounce off the level and fall again to support 1677.63.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Bearish Gartley pattern (4H) GOLDThe Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts that use tools like Fibonacci retracements, extensions, fans, clusters, and time zones.
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looking to going short as the gartley pattern is showing, the TP 1 will be the 38% of the retracement AD , and TP 2 will be the 61% retracement AD , SL will be the X point.
GOLD FIX at RESISTANCE level and FALLThe price of gold continues to stand still until it reaches the resistance line, as we expected yesterday. However, I am confident that the price will start moving in exactly this order - first it rises and then falls.
Recently, the price bounced off the strong resistance level of 1763.79 and then showed a weak downtrend. I am confident that before continuing to fall, the price will correct and touch the resistance level again. This will serve as a good hold. The price is unlikely to break through the level, since there is no technical support for this, and the world economic agenda is also relatively stable.
I expect that after fixing at the resistance level of 1763.79, the price will reverse and finally fall to the support level of 1675.91. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: pause at resistance before fallingThe price is still at the resistance level of 1760.82, to which it came at the end of last week during the growth from the support level of 1677.45. Despite the fact that the price has practically not left the resistance zone for the last week, it can be expected that it will eventually fall (as it already happened from this level) and come to support at 1677.45.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
STILL BEARISH SENTIMENT AND TECHNICALSMy bias is still bearish because the resistance from 2020 MAY ($1754) has still held the price to made a reversal.
As I mentioned before 4 HOUR chart made HIGHER LOW so that it could drop in within today or tomorrow.
Currently, consolidating between 1734-1738, for me, this is the selling area for most people.
If you see my previous analysis, you could understand the drops.
Still the first target $1724
Second target $1710.
Then it could start to rise.
GOLD: Bearish Continuation & Short Signal
GOLD
- Classic bearish setup
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 1728.35
Sl - 1761.57
Tp - 1678.39
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD first step - growth, second step - FALLIn July last year, the price broke through the strong resistance line at 1823.11 during the growth, reached its local maximum of 2070.70 and began to fall from this point. During the fall, a downward channel was formed, which the price broke only during important world events - for example, the US elections or the riots in Washington.
During the fall, the price came to a strong support zone 1673.22, where the trend line and the senior support line of June 2020 crossed. The price bounced off this zone, but after a few weeks it fell back to the line and consolidated at point 1683.93. After a rebound from this line, the price started a new growth and now continues it.
I expect that gold will continue to rise and stop only at the resistance line of 1773.59, after which it will reverse in the fall and come to the support line at 1699.98.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: double tap and secure before fallingLast week the price touched the resistance level of 1765.77, from which the price regularly bounced up to this point (depending on the situation, either up or down). However, this time, instead of immediately falling, the price rolled back and now makes a correction. However, we can expect that after it the fall will continue and the price will fall to the support level of 1765.77.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD pause at RESISTANCE line and resume FALLAt the end of last week, the price almost reached the resistance level of 1763.79, after which it bounced off and began to fall.
Yesterday we expected a continuation of the fall and so it happened. The price has not yet reached the set goal, but has definitely approached it.
Now the price is at the resistance line of 1735.55, let me remind you that it was at this line that the price stood for almost two weeks in March of this year. However, last time she pushed off and fell to the support level.
I expect the same thing to happen in this case. The price tried to break through this line and rise to the level of resistance, but eventually stopped. I expect it to start falling now and return to the support level. So my final target is support level 1679.67.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻