GOLD FALL after breaking the RESISTANCE lineSo gold continues to move in line with my latest predictions. The movement unfolded in two stages: first there was an increase, then a fall began.
First of all, the price bounced off the support level.
Then it rose to the resistance line, which has existed on the chart since August 2020 and, having touched it, began to fall.
During the fall, the price was able to break through the resistance line - at the moment the support was broken - and now it continues to fall.
I continue to expect the price to fall, especially after it has broken through the resistance line and consolidated on it. This is a good sign to move down. I expect the price to move down to the support zone line at the intersection of the line and the 1804.00 level.
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Gold-short
GOLS: short setup on 1D chartGold is working out the third wave of corrective movement in the process of falling in the context of a global downtrend. The levels are formed by the adjustment points. Now the price inside one of them is 1859.06. The price also approached the border of the downtrend. A correction will take place to the line 1883.05, break through the level of 1859.06 and go down to the next level 1820.68.
Remember, there is no place for luck in trading - only strategy!
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GOLD comes to strong resistance/ FallAfter the collapse in early January, the price returned to the resistance level again.
The growth was based on the support zone.
Strong resistance level existing from the beginning of the chart.
The last touch was in 2011.
The first breakout of the level occurred in the summer of 2020.
In January, the price collapsed and broke through the resistance level of 1866.83.
It moved from the level to the support zone of 1826.32.
Now the price is again at the level.
I expect that from strong resistance it will fall to the support zone (zone + line 2019).
The target is 1822.67.
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GOLD will return to support zoneThe main support for the corrective price movement is now the 1826.16 zone.
It was formed in December and gave the price a resource for growth.
Then, after the price collapse, it came to the zone in early January.
Bounced back and came back, consolidating to the zone last week.
After the last touch, the price started to rise again.
Broke through the support line 1846.98.
Then it came to the resistance of 1857.58 and moved in a downtrend.
The price is at the upper trend line, resistance 1855.23.
It came to the line after correction.
I expect the price to fall from the resistance to the support zone (zone + trendline).
The target is 1822.23.
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GOLD continues fall to support zone Gold continues to fall as I said in my previous forecasts.
It first pushed off the resistance of 1858.38.
Then it broke through the resistance level 1850.30.
Additional reasons for the fall:
resistance line since January 2021.
I expect that after the price fell from the resistance of 1857.37, it will continue to fall.
The price moves towards the support zone (+ line of December 2020).
The target is 1823.32.
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GOLD breakout level/ FallThe price started to fall, as I said last time.
Today I will analyze the chart in more detail to confirm the fall.
The price is at another strong level at 1850.30.
There is also strong resistance near the level.
A line formed in the spring of 2019.
Together they create a strong area of resistance.
After the breakdown of the resistance zone 1859.30 during the growth, the price slumped on it.
Then it first broke through the resistance line 1856.27, and then the level.
I expect the price to continue falling and come to support.
The target is 1803.99.
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GOLD waiting fall to level/ Buy.The price is at the resistance line 1854.42.
She will not have enough resources to break through the line during growth.
I expect the price to correct to the support level.
This is a historically strong level.
The only breakdown of the level before this situation was in 2011.
The fact that the price broke through the level in July 2020 is an important breakout.
The level provides strong support to the price.
I expect the price to fall from the resistance line 1854.42 to the support level 1798.84.
You can start buy from the level.
SL - 1775.16.
TP - 1874.88
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GOLD start new fallAs I said in the previous forecast, the price reached the resistance zone and began to fall.
Gold broke through the 1862.02 line, first during the rally, then during the fall.
Now the price is near the line 1857.92.
I expect that after the price breaks the resistance zone 1859.86 it will fall and come to support (the upper line of the falling channel).
Target - 1806.97
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GOLD Break level and FALL to the support lineThe price is moving in accordance with my forecast yesterday: it touched the resistance line at 1873.20, and then reversed from it and began to fall.
Despite the fact that one would expect the price to break the resistance line and continue to rise, it becomes clear that it will drop from the line in the near future, so we will adjust our forecast.
I expect that the price will continue to fall from the strong resistance line - and it was formed in May 2019. During the fall, it will break through the support level 1847.33, then work out the correction and fix on it, and after that it will fall to the support line 1805.17. This is our goal
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GOLD FALL and back to SUPPORT levelAs we remember, at the beginning of January the price collapsed about the resistance level of 1959.22, after which it broke through the support zone - at that moment of resistance - moved in the zone without leaving it for several days, and then touched the support line at 1818.63.
From this line, the price started a new growth and eventually managed to break through the support level of 1847.31, and then come to the resistance line 1872.96. This corresponds to the first scenario of price movement, which I talked about at the beginning of the week.
It is worth clarifying that the resistance line to which the price has approached is very strong. The first touch of this line occurred in May 2019. Therefore, now I continue to expect that, before continuing to move along the first option, the price will reverse from this line and fall.
This drop can be regarded as a correction to the previous growth. I expect the price to come to the support level of 1847.33.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold USD technical analysis Hi everyone. This is my next analysis on gold. First level to watch is ~1886 where 61.8 fib lays, where we may have a pullback, the next important level to watch is 1920 where 78.6 retracment and 50% from a full slide. And after that I'm seeing gold to go up to ~2010 where I will be positioning myself for short up to 1686 where we have 61.8 fib, previous high, also confirmation of accumulation zone from 20 april, 1 may, and 8 june, just before the rally started.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
GOLD reason to fallThe price came to the first of my targets.
January 18: Gold pushes back from support 1824.92.
Growth began.
January 19: the price came to the resistance of 1856.42.
After the growth from the support, the price is in the resistance zone of 1855.70.
This is a strong zone formed by the two lines of 2020 and 2019.
This is the reason why the price cannot break it.
I expect the price to fall to support from the resistance zone (the upper border of the channel)
Target - 1813.29.
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GOLD comes to strong RESISTANCE and FALLGold has finally moved out of the zone between the support line and the resistance, in which it has been moving over the past week. And now the price is showing confident movement.
After touching the support line 1818.59, the price started to grow, then moved with a minimal change in positions for several days. And now it has definitely continued to grow.
During this growth, the price, as expected, broke through the support level of 1847.33. And this important breakout is another reason to expect the price to continue to rise. However, the price is close to the strong support line formed back in May 2019.
It is likely that in the near future the price will be able to break through this line, but for now I expect it to touch it around 1867.24 and then fall back to the level. So our target is support level 1847.33.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD comes to resistance zone/ FallGold has advanced on my target that I outlined yesterday.
After the price broke the resistance of 1859.06 in mid-December, gold left the falling channel.
It rose to the top of 1959.95 and collapsed.
During the fall, the price was able to break through two resistance lines.
The line of September around 1859.06 and the line of 2019 1850.04.
The other day the price touched the support 1824.61 (the upper line of the falling channel) and started a new growth.
I am looking forward to the next price movement.
First, it will break through the line 1850.04 and come to the resistance zone.
Secondly, it will fall and come to the support line.
The target is 1812.31.
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GOLD short After the break of the SUPPORTI will look to see how the price will test the support zone, I will not go long this time and I will not even open a long deal until we test the support zone,
actually, Im looking to open a SHORT deal and will wait for the support break.
if the support not breaking we will open a long deal.
GOOD LUCK
GOLD - DAY TRADE VIEWGOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price.
My approach will be a sell here at current price 1908
Potential downside target 1886
Maintain stop loss around 1924
Trade as per your risk appetite, I will be glad to see your likes & comment.
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GOLD Came to RESISTANCE. Next - FALL.Gold started to fall from the resistance line.
Let me remind you that this is the first step of my forecast since the beginning of this week. And this step has already brought us at least 170 pips of profit.
Now the price starts working on the second step. Namely, Gold, having come to the resistance line 1951.71, from which yesterday we opened a sell deal, began to fall. Although the price is still at the SL border, I continue to expect a fall.
Let me remind that both of these lines are the boundaries of the rising channel, formed in November 2020. During the growth in this channel, the price has already managed to break through the strong support line, which has been defining a downtrend since August.
Now the price is at the upper border of the channel, the resistance line. It has been moving along the line for the last 24 hours, having well fixed itself on it. And today it has obviously begun to fall. And now I expect the price to continue falling and come to the support line of 1907.12.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSD SHORT IDEAWhat is happening here?
We can clearly see that the price is currently on a descending channel, the price broke the resistance line which is the top yellow one to induce retail traders to buy.
After the market maker makes his move he's going to stop inducing retail traders to long (buy), and shift from that zone to a major bearish move.
Wait for StopHunt to the high and a peak formation to enter the trade.