GOLD (XAUUSD): Will It Go Lower?🥇
Update for the yesterday's setup on Gold.
The market broke the neckline of a double top pattern, as it was expected.
We saw a strong bearish reaction after its retest.
Probabilities are high that the market will go lower.
First goal remains 1936.
Then - 1931
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Goldforecast
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Gold New Week Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed Impulsive Wave " 12345 " and Correction " ABC " and Forming its Next Impulsive Wave
Bullish Channel Pattern in Short Time Frame and Long Time Frame as an Corrective Pattern with the Breakout of the LTL in LTF and Rejection from LTL in STF
Strong Support Level ( 1925 / 1930 )
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD (XAUUSD): Bearish Outlook Explained 🥇
Gold perfectly respected a key horizontal resistance
and a falling trend line on a daily, forming a double top pattern.
The neckline of the pattern was broken this week and it is a very important
sign of strength of the sellers.
I think that the market may drop lower.
For entries, consider the underlined confluence zone based on
a trend line and the underlined resistance.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Analysis 24July2023Last weekend Gold fell more than bullish trendline, it could be that at this time the price entered into the correction period. If you see, the price is held strong enough in the resistance area which in my opinion is also a liquidity area. Usually areas like this in the future will be pierced. Therefore, I try to add Elliot notation to this analysis chart, assuming that currently the correction period enters Wave 4, then the price will at least be stuck in SND which intersects with Wave 1 and then will continue bullish again