GOLD Continuation trade: 👉🏻 Price tagged the major resistance of 1830 again for the 4th time. A possible triangle has formed, and this usually indicates a Wave-4, hence we could see some corrective move to the downside this week. 1793 could be an interesting to go long again from.
GOLD Long Setup Continuation trade: 👉🏻 How many traders got trapped last week 😂 Not gonna explain twice, kindly refer to my previous messages
GOLD Continuation trade: 👉🏻 Pretty much sideways movement last week, but weekly candle was closed bullish. Lower timeframe is forming a descending flag corrective movement. 1791-1794 still acts as major resistance. Chart below are fib levels for pullbacks Wave Count
GOLD Long Setup Continuation trade: 👉🏻 Critical candle formed on the weekly chart. Monday's selloff have left price breaking below the weekly trendline and tagged the yearly lows of $1680, but bounced back off the 61.8% again to close the week with a ~1% gain. A long position may be considered IF pullbacks occur to $1760 level. Potential Elliot Wave Count
GOLD Short Setup Continuation trade: 👉🏻 With the recent dump due to NFP, price could be forming a huge WXY correction, with a 3-5-3 move. An extension of ABC in the Wave-Y is possible. 📰 Investors are also keeping an eye on Wednesday's CPI data. Zones
GOLD Continuation trade: 👉🏻 Price found resistance again at 1830 region, hence, safe to say that price is just moving sideways in between 1790 and 1830 now. Waiting for further structures to be broken. The retail shorts sentiment are slightly higher with 51%, and usually it would be more profitable the other way.
GOLD Long Setup Continuation trade: 👉🏻 Price has successfully broke the H1 and H4 OB as forecasted. We could see some minor pullback at least to the 1792 area which is also the 50.0% retracement level. Price should be entering some sort of minor corrective movement first before seeing some bullishness.
GOLD Long Setup Continuation trade: 👉🏻 NFP did brought a bullish impulse off 1860 level, but yet to break the previous structure. Price is still within this corrective move/reversal pattern, yet to be confirmed unless broken out of. My confirmation will be some sort of break above 1797 level and a retest, before going long. This will be in my top watchlist...
GOLD Continuation trade: 👉🏻 Price is still consolidating at this key levels of 1760 and 1780. Personally holding 2 entries with reasonable stop losses. Traders may enter after price breaks either direction.
GOLD Long Setup 👉🏻 My personal level to go long was indeed on 1760-1780 level, after witnessing yesterday's FOMC statement. What wasn't expected was for it to happen so quickly. I do not see the dollar has long term gains over the period. 💎 Dollar Cost Average will be done over levels 1780 and 1760. Anything below 1750 will be analysed further in the future. I...
GOLD Continuation trade: 👉🏻 1900 remains a huge psychological barrier for the bulls. Pretty much ranging at this previous set target of 2.618% extension. Below shows my EW count on this precious metal If price holds here, an ABCDE triangle formation will be formed, usually indicates the 4th wave. Entry would be a break above Wave-D.
GOLD Long Setup Continuation trade: 👉🏻 As mentioned in my very first post here on this very bull run, price is just making series of HH and HL. We are in the middle of a Wave-3 here, which is endlessly impulsive. 2.618% level has been broken, next target is of course 3.618% with a resistance in play also at the very same level of $1965. 🤤 Members have entered...
Hi guys! 👋🏻 🔔 Some data to consider: Several Central Banks, including CBs of Hungary, Japan, Turkey and India have increased their Gold reserves in March, total purchases of all banks exceeded 172.2 tones. Central Bank of Hungary purchased 63 tones of gold to hedge from the US inflation, while Turkey, India and Japan CB's are most likely to hedge the risk of the...
hi hope you are all doing good this is update from my previous chart so what i am expecting is consolidation for some time ranging from 1752-1834. every level will play its part so currently i am looking for shorts for target 1777. i will keep updating when its time to go for long . if you like my setups do not forget to give it a thumbs up. Good luck
GOLD Long Setup Continuation trade: 👉🏻 Price broke the 1.618% Fib extension, next level will be the 2.618, if breaks further, 3.618 is the following target. We are in a bullish impulsive phase, forming HH and HL since the double bottom formed in the month of March'21.
GOLD Short Setup Continuation trade: Main idea: With a bullish bias on the dollar, I expect more downward movement in the short term for this corrective movement to play out. Possible HnS pattern