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Goldtrade

Gold -> Heading For $2100Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is having very strong momentum towards the upside, just the past 3 weeks the market is up about 10% which is quite a strong move for an asset like Gold. You can also see that we are currently retesting a previous weekly resistance area from which we could see a short term rejection towards the downside, but ultimately I do expect a break above the zone and then a retest of the previous all-time-highs at around the $2100 area. On the daily timeframe you can see that Gold already perfectly rejected the previous weekly resistance area so I am now just waiting for a break above the zone and a retest before I think we are ready for the next push towards the upside, heading for new all-time-highs. 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
44
Gold -> Massive BreakoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently perfectly retested and also now rejected a quite obvious weekly support/resistance area and is now creating the continuation towards the upside. You can also see that last week's weekly candle closed extremely bullish with a huge rejection wick to the downside, definitely indicating strong buying pressure so from a weekly perspective I just do expect more upside continuation to retest the next resistance zone at $1955. On the daily timeframe you can see that we are actually quite overextended towards the upside, the past 3 days we are up 5.5% and we are also retesting previous support, now turned resistance so it is definitely likely that we will see a short term correction before then the longer term continuation 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
32
Gold -> Very Crucial ZoneHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that last week Gold just perfectly rejected a quite obvious previous weekly support/resistance area, and I also uploaded an analysis which you can find below, perfectly explaining why this move was quite likely. We are now once again retesting this weekly support zone, we are also still having bullish moving averages so from a weekly perspective I just do expect another (short term) rejection away from the resistance zone. On the daily timeframe you can basically see the same move; we are currently retesting previous daily support so if we get some bullish confirmation inside of this zone there is definitely a high probability that we will see another rejection 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
39