Gold is moving near the 🔴 resistance zone($1922.6-$1919.8) 🔴. The cluster of Fibonacci levels is well visible in the resistance zone. Also, the Bearish AB=CD Harmonic Pattern can be seen. I expect gold to decline again to a 🟢 heavy support zone($1904-$1886.40) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your...
Gold analysis today (Liquidity update) As previous, we was saw price went downward to grabbed below liquidity. It's a spring event in small Wyckoff accumulation schematic (5m time frame). Let's look on right chart (daily time frame): This week, we'd to see price go upward to grab above liquidity. Those are some areas that we're marked on the chart. You could see...
Gold has been in this sideways range for over a year. What was considered to be a breakout that allowed it to touch the 1920 area, was indeed an Upthrust After Distribution, in my opinion. Two more followed, and I'm already shorting and in profit, since about 1900. See the chart for reference. If you like this idea, like, follow, and consider supporting...
Hey tradomaniacs, lots of Robin-Hood-Traders are asking themselfs: Why is gold and silver dropping? Well it can have a lot of reasons such as Profit-Saves due to the overbought situation, the fact that stock-market continues to climb and SPX500 is almost at its All-Time-High (portfolio turnover). It can be the fact that DXY (US-DOLLAR-INDEX) is oversold and...