Gold trading for today as 06-04-2021dear fellow traders,
as predicted Gold repeat the same pattern (RED circle)
look at this H4, it already reaches 1739 which is the same pattern as 11 March
will Gold go down as they have done it in the past? likely they will do the same since it already going UP for days and usually they will take reserve for a while before continuing to UP
for swing trading should be SHORT
Gold trading area 1739 - 1727, its normal DR
happy trading
Goldanlaysis
GOLD, XAUUSDChart analysis GOLD on the 4 Hours time frame. High is expected at 2400 before a quick reversal. Be caution!
Gold still in showing us strong position uptrend.
If you want update on GOLD analysis, Kindly follow and like.
Feel free to comment your outlook and
Share with your friend.
Thanks you!
#XAUUSD SHORT..On #XAUUSD 4-hour chart, curve T3 and simple moving averages (ma10, ma20 and ma50) have turned their directions to negative.. It is likely that the price will go down.. I expect a structure as I mentioned in the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
GOLD trade plan(BULLS READY TO TAKE OVER)Sell short, Buy long!!!Welcome new subscribers, Feel free to relate with my trade analyses.. Update me on your running positions. Thank you. So Congrats on our previous sell.. We quite back to our major supports, so we get ready for our buy as bears exhausted hence support isn't broken, But before that i see the market range around 1545-1560 before the spike up, NB: As long as supports isn't broken then BUY!! As usual we minimize our risk and maximize the profits. Please comment, like and share your ideas on this particular pair too. thanks!
Gold/Silver ratioGold/silver ratio at a historic high level of 90% (peaked at 93% on July 3rd)!
Silver is currently very undervalued and Gold has gained strength last few years which means that silver is discounted much more than gold at the moment.
Silver prices are falling and demand from big investors is raising.
I think this extremely high Gold/Silver ratio of 93% was the peak which is also indicated by momentum indicators on the 1W TF (not on the chart).
In a few weeks / months we will also see sell signals on multiple momentum indicators on the 1M chart.
Blue/red line will cross soon on StochRSI, WaveTrend oscillator will also cross bearish in a few weeks/months and ADX will lose bullish power.
Therefore, I think NOW is a perfect time to exchange gold bars with silver bars!
In a few years time will come to go back from silver to gold bars...
I´m not a financial advisor. For educational purpose only!