Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months. Last week we highlighted that we are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to...
-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure is...
Hey Everyone, Following on from yesterday after hitting the first swing range target at 1965, we suggested there was room for 1952 to be tested to complete the full swing range. This played out perfectly today with the 1952 HIT completing the swing range followed with the reactional 50 pip bounce, as part of our strategy. A break below 1952 will open the lower...
After hitting 2000 resistance, with the confluence of uptrend channel resistance and last Friday's possible buying climax, it is highly that Gold will be consolidating for a time being before deciding a bullish or bearish breakout.
Inflation soaring and no end in sight apparently. I anticipate gold to hit new highs in the coming months.
It is now believed that the price will begin to rise from the support level. Level 1962 is the closest objective.
Hey Everyone, BOOOOOOM !!!!!!!! We smashed our calls and rode the Bull all the way !!!! We are not just saying it, if you've have been following our posts (see related below) you would have caught the move with us. 2013, 2024 AXIS TARGET, 2036, AND 2060 ALL HIT. We expect another challenge to 2060 followed with some retracement and then for our ARTs (Average...
After the recent sell off, our 40K reversal zone got invalidated. We are now looking for the 30K level which we mentioned previously could be the reversal zone. See below: The bigger picture is showing us an expanded flat correction where the top is ascending and the bottom is flat. On lower timeframe, we had an ABC correction which led perfectly to the...
Gold after the retracement broke the channel as expected from our last analysis. The price is now heading to the resistance area at 1910 zone and according to Plancton's strategy, if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Price is facing bullish pressure from our ascending trend line and first support level, in line with our 78.6% fibonacci retracement and 61.8% fibonacci extension, where we could see a further rise up to our first resistance target. Stochastic is facing bullish pressure from its support at 18.97 as well.
An update from my previous chart see below. A preview of my updated chart with more added direction, long term to follow
As you see on the chart daily above, we know the price will be up again....
Gold seems to have completed 5 Wave structure and correcting.. I'll go short with break of lower TL of the ending diagonal.. There's Bearish divergence along with EW count to indicate the lost momentum and a correction.
We find touching @1256.86 and retesting this price agine AND in other side we also find same resistant @1274.39 BUT depending on basic and news analizy i think we will see broke and SHORT enter @1256.86 with main target @1248.09 ----------------------------------------------- hope happy tarading for all you can find me also in : twitter & instagram :...