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Gold -> Failing At The All-Time-HighHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold actually just recently retested and rejected a quite massive previous weekly resistance area exactly at the $2050 level, which was also the previous all-time-high. You can then see that Gold is also approaching previous weekly resistance which is now turned support at the $1940 level, so from a weekly perspective I do expect at least a short term rejection away from the support area. On the daily timeframe however market structure is still quite bearish, we are retesting previous daily support though from which I do expect some rejection so I am now just waiting for some bullish confirmation before a move towards the upside will be quite likely. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
48
Gold -> Confusing Buyers And SellersHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that just a couple of weeks ago Gold perfectly broke out of a massive weekly bullish flag pattern which is now pointing towards more continuation towards the upside. However you can also see that Gold is currently retesting and already rejecting the previous all-time-high at the $2070 level, weekly market structure and moving averages are still bullish though, so I still think there is a chance that we will create new highs on Gold over the next couple of weeks. On the daily timeframe you can see that Gold is once again retesting previous daily support at the $2000 level, we also didn't break below the extremely obvious bullish trendline so from a daily perspective everything is still looking bullish and I do expect more continuation towards the upside from the current levels. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
54
Gold -> Decisive Week AheadHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that last week Gold once again retested and rejected a quite massive previous resistance zone - also the previous all time high - exactly at the $2050 level. You can also see however that from a weekly perspective, Gold is still in a massively bullish market, moving averages and overall market structure is still bullish, so despite the recent rejection on Friday, I still do expect a break and retest of the previous all-time-high and then I do expect another bullrun on Gold. On the daily timeframe you can see that with Friday's candle Gold again rejected the previous weekly and daily resistance zone, however as we are speaking Gold is also retesting a previous daily resistance area which is now turned support at the $2005 level, so from a daily perspective I simply do expect more continuation towards the upside from here. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
38
Gold -> Not Bearish YetHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking Gold is still retesting previous weekly resistance at the TSE:1980 level which is now turned quite strong support. You can also see that weekly market structure and moving averages are still bullish, in my opinion Gold is also ready to finally create some new all-time-highs, so I am now just waiting for some rejection away from the support zone and then potentially even a break of the previous all-time-high and then a new bullmarket for Gold. On the daily timeframe however you can see that Gold is still over and over again retesting previous daily support at the TSE:1980 level and generally speaking the more often we test a zone the higher the likelihood that we will eventually break it, so there is a chance that we will see another retest of the next daily support at the TSE:1950 area from which I then do expect a next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
38