GOLD down to 1910?Gold has shown us very good growth! however now it has begun its retreat and has come to a strong line. I think that Gold will be able to break through this line as well, and I expect a move to the support level of 1910.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Gold-short
Good short DXy will gain some steam to the upside and gold is going up making people think it will not go down which the MM want so they can trap you all in long, which means it’s short time look back in March when they pushed it up making people think “long it’s going to fly” then crashed it down to 1500 from 1730ish. Get ready for a big sell that can last some time sell around 1920-1930 sl should be around if not above 2000$ but seeing it reach and break all time high where a lot of people will long and then the MM will short it and make a lot of people lose money aka their job
EURUSD - Long (Impulse - Correction - Impulse)If the market was to retrace to the the green highlighted area, we would have a high probability opportunity to take a long position. We would, at that level have the confluence of the support structure, the Fibonacci taken on the impulse and if we were to get a confirmation to go long with a bullish candlestick pattern.
XAU/USD - Gold - Sell Trade Analysis XAUUSD Update Gold broke through the resistance level placed at 1797.136 and traced to the upside however failed to breakthrough the new resistance level placed. As a result, price struggled to break through this new level and started to break down towards the downside.
Expectation is that price will continue towards the downside however I suspect a possible return to the upside as price has not broke past the level of support placed at 1808.455.
GOLD ::: SHORT5 JUL 2020
INSTRUMENT: GOLD
TIME FRAME: DAY
CONFIRMATION ON OTHER TIMEFRAMES: 2Hr.
TECHNICAL INDICATORS:
PSAR: BEARISH
STOCHASTICS: BEARISH
TECHNICAL LEVELS:
CMP: 48159
SELL BELOW: 47671
SL: 48362
TARGET 01: 45596
EXTREME TARGET: 43293.
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
24/06-2020: Market OrderSignal: Bearish Deep Crab
Confluence: Rising Wedge
Confirmation: Dark Cloud Cover
On this chart we see a larger rising wedge on the daily timeframe with regular bearish divergences:
Here we have another pattern coming in at the same area as the deep crab:
Good luck to all trading gold
Gold Short Term ForecastD1 - On the daily chart the price respected the resistance zone and is holding below it. Bearish divergence.
H4 - On the H4 chart the price is moving inside a range.
While measuring the first wave we have with the fibonacci expansion tool the 61.8% (1750.62) fibonacci expansion level coincides with the top of the range which makes this area a key resistance zone for us.
Until this key resistance zone holds my short term view remains bearish here.