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the analysis is still in accordance with some time ago. there is a doji candle that needs to be considered on this chart as an early reference to bullishness after correction. the nearest target is still in the SnD area above.
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Guuuys, I have already predicted a local bearish movement on Gold this week. I think that one more is ahead. The price is currently approaching a strong resistance. From that a trend-following movement will follow. Target level - 1904 please, support my work with like!
looking at the structure of gold where every time he forms a new LL the distance is getting closer, there is a possibility that the price is heading towards saturation. the temporary target is the H4 SnD area and here there is a possibility of minor bullishness. if you are looking for a buying moment, it is better to wait in this SnD area.
I have two options for analyzing the movement of GOLD. The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area. Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded...
Intraday Analysis - GOLD - ( 7th MAR 2023 ) As per analysis last week , Price tapped into our take profit region with possibility of price heading towards 1852-1855 region. Price was setting up better sell side liquidity during the start of the month and we may see a potential shift in market structure soon as we can see new lower highs printed and failure to...
GOLD is consolidating. We can see 3 consecutive doji candles on Daily timeframe indicating indecision. It's also forming a triangle, and the price is coiling up. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Too much attention into BITCOIN causing GOLD to sell off imo. GOLD will head much higher soon. I would buy again if it does dip, but 1769 was probably the bottom. The dollar will be at sub 89 soon enough, and it has not been around that level in 3 years. I predict bonds will fall as well. Everyone will be chasing gold sometime this year. GL all.
I am currently seeing a butterfly pattern with the potential reversal zones as marked out on the chart. I await som confirmation to sell
The chart above shows two possible scenarios for GOLD, but both still point at a bullish outlook at the end, its either there is going to be another simple ABC correction downward to serve as the last wave for (y), or the market should continue growing in price to 2100 without any further correction.
Gold has completed its Elliot wave corrective structure as shown not he chart we expect a further fall to the 1848 region Thanks
Gold printed a contracting triangle structure and we expect that the A B C D E elliot wave count has completed. We expect a rapid sell to complete the wave y .
TL;DR: We will most likely see Gold making another bullish run back towards the 2071.00 area. Once it reaches the previous resistance, it'll most likely fall back towards the support/ supply zone that's marked out (1923.78~1932.23). We can see how the events around the world are playing out. We see a strong surge in Covid mainly in 3 countries. There is also mass...
A breakout of the 1940 region will pave way for more sell back to to 1863 low and beyond. Based on the elliot wave analysis shown on the chart. Note that the invalidation level is around 1966 resistance
the bulls are still holding the highest momentum on Gold, but I am expecting a little retracement before the resumption of the bulls. Trade carefully. Goodluck
Last week was a week of losses for global indexes, especially for the U.S. There was a sharp fall due to the long-lasting trade war between the U.S. and China, which has yet to yield any results and is strained by new reciprocal tariffs. Investors increased demand for secure assets while risk appetite continues to fall. This demand has been especially beneficial...
I have discussed at length in my previous posts where I think Gold will go and the specific reasons for my conclusions. As such, I will refrain from repeating. To keep it simple, I see 1450 as the next major hurdle and once 1450 is broken we will be set to reach and exceed 1500 within 3 weeks afterwards. Until then it will take some volatility before we get to...