Gold saga continuedI am still short gold with my ideal price targets noted with down arrows.
You can see that price is retesting the neckline. If this 4h candle close below neckline it is a good case to continue short.
If this 4h candle closes above neckline I will likely close my short and look for another entry
Price is starting to get squeezed by the Hull MA so volatility is likely to increase.
Gold has broken out of its channel and down below the rising wedge .
My bias is still to be short. But as new evidence comes in this could change
Gold-short
GOLD reached RESISTANCE level, next target - FALLLet me remind you that last Friday we expected the price to start falling from the resistance level of 1763.79. And so it happened.
The price was able to break this level during the fall in the downtrend in February 2021. Then it dropped to the support zone 1675.91 at the intersection of the support level and the trend line of August 2020. The price increased from this zone, but stopped at the resistance line 1763.79, where it was stuck for almost two weeks.
After the start of the movement, the price returned to the support level, bounced back and touched the resistance again. We now see that the price is showing a slight downward movement. And I expect that now it will fall, break the support line 1697.21 and touch the support level 1675.91.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD reached RESISTANCE level, next target - FALLLet me remind you that last Friday we expected the price to start falling from the resistance level of 1763.79. And so it happened.
The price was able to break this level during the fall in the downtrend in February 2021. Then it dropped to the support zone 1675.91 at the intersection of the support level and the trend line of August 2020. The price increased from this zone, but stopped at the resistance line 1763.79, where it was stuck for almost two weeks.
After the start of the movement, the price returned to the support level, bounced back and touched the resistance again. We now see that the price is showing a slight downward movement. And I expect that now it will fall, break the support line 1697.21 and touch the support level 1675.91.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Gold testing 1728-1714 (back in limbo)Gold has found its way back inside my liquid box (1740-1733)
As gold failed to close over 1760 we now test some limbo lows of 1728-1714 levels in lewd of possible bottoms sub 1700.
this is simply a test as it perfectly rolled off my 1738 Q1 support line.
**Invalid if close above 1740.8**
under 1726 look for 1704 levels*
BITCOIN STILL SHORT SIGNAL - THIS ARE THE GAME OF WHALES - BTCHello trading friends,
The market at this moment are stable, we did saw before an increase trend above 60700 trend, and that make it for us still not an increase trend, as we expect that this are the games fo whales to short the trend in the coming time - our golden target will be stay on 56K
This is the game of whales, and we should understand them - most whales are from 8k into profits.
Why do we expect a breakdown trend on bitcoin?
we don't look for 1K change - we check where it will go into the next market move - and depending on whale data we expect a possible crash trend on bitcoin.
How did start all crash trends?
not with a stable trend - most time there is first a whale play with the increasing trend after that the trend starts to break down with free fall.
its a good idea to open a chart and check all before years - your eyes will see things that can support you into the next traders.
Can bitcoin increase further and break - we can't see the future if a new whale enters bitcoin - but what we can see are that the trend has a high possibility a way of breakdown trend since whale data shows that. we can count now the data and track the whales that already have history and trend trading acctive.
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Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly ( this are not trading advice)
---> Have a great day 😃
GOLD reversal in RESISTANCE zone and FALLThe price started to fall before reaching the resistance line, and at the end of the week I update the idea. Let me remind you that in April last year the price managed to break through the strong support level of 1675.9. After that, for some time the price moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt came at the start of the coronavirus pandemic.
After that, the demand for gold dropped and investors started selling it in large quantities, as evidenced by the global downtrend that has continued since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9.
At the end of March, the price started to rise from this level and eventually came to the resistance level of 1762.3. I expect that the price will not be able to break through this level, as the resistance line of August 2020 passes right there. I expect the price to fall, correct to the line at 1733.49, and then continue falling and return to support at 1695.30. This will be our goal.
Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD reversal in RESISTANCE zone and FALLThe price started to fall before reaching the resistance line, and at the end of the week I update the idea. Let me remind you that in April last year the price managed to break through the strong support level of 1675.9. After that, for some time the price moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt came at the start of the coronavirus pandemic.
After that, the demand for gold dropped and investors started selling it in large quantities, as evidenced by the global downtrend that has continued since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9.
At the end of March, the price started to rise from this level and eventually came to the resistance level of 1762.3. I expect that the price will not be able to break through this level, as the resistance line of August 2020 passes right there. I expect the price to fall, correct to the line at 1733.49, and then continue falling and return to support at 1695.30. This will be our goal.
Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD: reversal in bearish trend and return to supportPushing off against the support level 1677.45, the price was able to show strong growth and broke through the resistance zone (consisting of two lines in August 2020) 1733.65. After this breakout, the price moved up to the minor resistance line 1759.31, which was formed earlier this year. It can be expected that the price will fall from it, break through the nearest support again and return to the level of 1677.45.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD Extension of forecast: rise and reversal for FALLAs it said in its past forecasts, the price continues to rise to the resistance line in order to reverse.
First, the price bounced off the support level of 1679.67.
Then it continued to rise and broke through the resistance at 1738.56.
And now the price continues to stand on the position with practically no progress compared to yesterday. Nevertheless, I continue to forecast.
I expect that the price will continue to rise and will first touch the August 2020 resistance line at 1775.45. Then it will turn around and fall back to the June 2019 support line. So my final target is support line 1698.99.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD: we continue to expect an imminent fallThe price has not yet touched the resistance level of 1763.01, although it is getting closer to it every day. As you remember, this growth started from the support level of 1677.63. And this movement - the rise to resistance and the fall back to the level, the price repeats for the second time. Now we can expect that it will touch the resistance of 1763.01, after which it will fall to the level of 1677.63.
SL - 1793.64.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Gold reversal at the strong resistance and will go downwardsThis is my first technical analyses without any knowledge or study before (just analysed some traders past few days and did some Google-research).
Forecast based on:
- Intersection of downwards trendline with resistance level = strong resistance
- NFP developments
GOLD STOP at RESISTANCE level and FALLAlthough the price of gold has not shown a strong movement over the past two days, it continues to grow slightly towards resistance.
First, the price bounced off the support level of 1679.67.
Then it continued to rise and broke through the resistance at 1738.56.
I expect that after the breakout the price will continue to rise, but will stop near the strong resistance level of 1770.35. Then it will turn around, break through the line 1726.73 again, this time during the fall, then consolidate on the line. And it will continue to fall to support. Thus, my final target is the support level 1679.67y.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD continued GROWTH after FIX on SUPPORT lineAs I said yesterday, the price continues to rise after fixing at the support line 1685.17, which occurred at the end of March.
This move is part of a long-term falling channel that formed last August at 2069.81, as investors began to sell gold en masse.
Falling in the channel, the price came to the strong support point 1675.65. Where the channel line and the July 2019 support line intersect. The price jumped from this point, but failed to rise to the resistance trend line and fell back to the support at 1685.17.
Since the price has already started to rise from this line, I expect it to continue to rise and first come to the resistance line of 1765.00. And then it will drop to support 1701.50. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD: Bearish Continuation & Short Signal
GOLD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 1726.97
Sl - 1755.90
Tp - 1683.47
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD first - growth to RESISTANCE level. Then - FALLIn April last year, the price was able to break through the strong support level of 1675.9. After that, for some time theph moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt occurred at the onset of the covid pandemic.
After that, the demand for gold fell and investors began to sell it in large quantities, this can be seen from the global downtrend that has been going on since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9. And now it has shown growth again and is close to the resistance level. I expect it to bounce off this level and then fall. The price will be able to break through the support level 1675.9, after which it will continue to fall and come to the support line 1602.0. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD: how soon to expect the price movement and where?For the last two weeks the price has been at the resistance line 1738. This line is formed inside the downtrend, which has been maintained since August last year. Like last week, I expect this pause to be just a correction to the overall rally that started in March from the 1680 support. The price can be expected to rise to the 1765 resistance. And only after that it will fall to the 1674 support.
SL - 1801.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD extension of forecast. Next step - FALLThe price has continued to move in a global downtrend since August. And also - like all last week - along the resistance line, in the middle of this channel. A zone has formed at this resistance line, in which a strong level and another line inside the channel are also crossed.
The price has been moving along this line throughout the week. During this time, the price rose and fell minimally, but in general it "stands" in the same position, as, for example, in the forecast for Friday.
In total, the price has been in the resistance zone for two weeks now. It came to it on March 15 after a spike in growth from the support line 1673.63. And now the price is stuck at the resistance of 1726.74. Nevertheless, like last week, I continue to expect the price to fall from this zone.
So my final target is support area 1673.63.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD the long awaited FALL has begunWe continue to watch the movement of the gold price, which has finally moved noticeably over the past week!
Let me remind you that we are talking about the fall last week, after the price came to the resistance of 1748.07.
However, during this entire time, the gold moved along the line.
Since Tuesday, I have extended the forecast for the fall.
The price started moving on Wednesday.
Yesterday it finally unhooked from the resistance line and dropped several points.
I am confident that after gold broke through the resistance of 1773.86 in February, the price will remain in the general downtrend that has been going on since August last year. It will bounce off the 1740.41 resistance line and fall at the 1672.60 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD the long awaited FALL has begunWe continue to watch the movement of the gold price, which has finally moved noticeably over the past week!
Let me remind you that we are talking about the fall last week, after the price came to the resistance of 1748.07.
However, during this entire time, the gold moved along the line.
Since Tuesday, I have extended the forecast for the fall.
The price started moving on Wednesday.
Yesterday it finally unhooked from the resistance line and dropped several points.
I am confident that after gold broke through the resistance of 1773.86 in February, the price will remain in the general downtrend that has been going on since August last year. It will bounce off the 1740.41 resistance line and fall at the 1672.60 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD - XAUUSD SHORTGOLD is looking bearish on all time frames, on the daily we have just rejected the M pattern and now pushing down nicely... on the 4hr and 1hr market is in this descending triangle formation and has now formed a nice double top inside the pattern... expecting this support to be broken soon.