GOLD: Forecast & Trading Plan
Here is our today's forecast for GOLD.
Our analysis is based on purely technical outlook.
According to our drawing GOLD is coiling on supply zone.
Based on our analysis the price will go lower
to the underlined demand zone.
Please, leave a comment and support us with like.
Gold-short
GOLD fall in several stagesI continue with yesterday's forecast and extend it.
On Friday, the price started to rise from the support zone.
Yesterday it continued to rise and almost came to resistance.
Now I expect the price to be:
1.will touch the resistance of 1853.88
2.will start falling with corrections
3. will go down to support.
Target - 1780.05
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
GOLD touches the strong RESISTANCE zone and FALLThe price movement is in line with my latest forecasts. Let me remind you exactly how this movement develops.
First, the price dropped to the support zone, breaking through the level and at that point turned around for a new growth.
After that, for some time she moved within the zone.
In the end, the price started a clear movement, rose from the support zone at 1771.16, broke through the support level at 1800.37 and continued to rise.
Now the price is still growing. And I expect that first thing it will come to the strong resistance zone 1832.20 This zone is formed by the resistance lines of August and June 2020. And from this point, I expect the beginning of a new pod. So my final goal is 1800.37 support level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD touches strong RESISTANCE zone and FALLThe price movement is in line with my latest forecasts. Let me remind you exactly how this movement develops.
First, the price dropped to the support zone, breaking through the level and at that point turned around for a new growth.
After that, for some time she moved within the zone.
In the end, the price started a clear movement, rose from the support zone at 1771.16, broke through the support level at 1800.37 and continued to rise.
Now the price is still growing. And I expect that first thing it will come to the strong resistance zone 1832.20 This zone is formed by the resistance lines of August and June 2020. And from this point, I expect the beginning of a new pod. So my final goal is 1800.37 support level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD - Short Wave 3After reaching a top above 2k, gold is moving down.
In the long term, there is no sign of a reversal.
In the medium term, namely the next 20 days, I expect it to continue to move down by short wave 3.
Target : 1750 $
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar
GOLD: Swing Trading & Technical Analysis
Here is our technical view on GOLD.
Our analysis is based on purely technical outlook.
According to our drawing GOLD is trading within a resistance cluster.
Based on our technical analysis the price will go lower
to the next structure support.
Like, comment and subscribe to our TradingView Page.
Short GOLD in 1H ?Harmonic pattern on the way. The retracement CD will need to go above the B mark. Then, it will probably hit the yellow trendline at D (1835) . Take the trade when it is ABOVE the mid line red on the pitchfork . 200 and 100 EMA confirms that it will probably go short again. However, don't forget that it will go LONG in longterm.
What you guys think? Let me know in the comment.
good trade!
GOLD New correction. Next - FALLAs in the case with the previous pair, after the gold came to the point 1818.41 it stopped at the position and the last days it has been moving without obvious deviations in the direction of growth or decline.
The price consolidated at the resistance line.
Started falling to the support line and got stuck.
I suppose that now the price will reverse in order to work out the correction and once again the resistance line will be closed at the point 1838.93. Then it will fall to the support call 1798.58. We wait for the price to rise to the resistance line and then open a sell trade.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD +240p profit! Continues to fallGold has worked out perfectly for my 10 forecasts in a row!
First, the price touched the resistance line - August 2020.
Then she fixed herself on the line with two touches.
And yesterday it fell from the resistance line, having already brought us 250 p of profit!
Now the price continues to fall and I extend my yesterday's forecast. Namely, I expect the price to complete the fall from the strong resistance line, break through the 1798.58 support level and eventually come to the 1794.80 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 consolidation on resistance / FallThe price is holding at position 1848.75.
It is located near a strong resistance (level).
The price broke this level during the downtrend, which has been continuing since August.
From the support of 1789.70 in early February, the price rose to resistance.
Since the beginning of this week, it has been holding at the level before falling.
I expect a fall from the strong resistance level of 1848.75.
The price fixed at this level.
The next step is to fall to the support zone (intersection of lines).
The target is 1776.38.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
GOLD: the beginning of the bearish movementIn recent months, the price has been moving in characteristic stages: growth-collapse-correction-growth-collapse-correction. At this moment, the price has already passed the stage of the collapse (February 2-4), then it showed an increase. Now, you can expect a slight pullback after a period of growth. after it - a new collapse to the level of 1792.48.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
USDCAD - Sell BiasFollowing higher timeframes such as Daily & Weekly, we can see that USDCAD is in a strong downtrend. We were looking for a breakout of the structure and for the price to come and test these key areas. We saw a weak move through Asia and price is now hovering around our entry. Price could break out of this zone and move to a bullish side, we'll just wait and see what price does around London Open.
GOLD +250 p. profit! Next - FALLMy previous prediction came true perfectly! And this is the eighth consecutive forecast that is coming true. But let's remember the last three in order to clarify exactly how the price moved in the last days.
First, the price broke through the strong resistance line and began to fall in the direction of support.
Then it touched the support zone 1798.58 and after a small false breakout it started a new growth.
Yesterday you and I expected the price to rise from this zone to the resistance line.
As you can see, the price passed perfectly along our target. Therefore, I extend my previous forecast and expect that after the price touches the resistance line at 1848.75 it will fall back to a strong support. So my final target is support area 1798.58.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSD TO 1815Wait for a close below 1859 before entering. This analysis is a similar move to price action from the first few days of February 2020. Market most of the time repeats itself & this market structure is setting up nicely for another bearish move. Technically & fundamentally the move makes sense as the DXY & USDJPY , which correlates negatively is gaining strength which works as a confluence to my Gold sells.
I will be cashing into this move on behalf of my Account Management investors.
GOLD: Market of Sellers
Here is our technical outlook for GOLD.
Our analysis is based on purely technical outlook.
According to our drawing GOLD reached a strong supply cluster.
Based on our view the price will go lower
to the underlined demand level.
Please, leave a comment and support us with like.