As I predicted on our Wednesday's live stream Gold keeps going up. Analyzing the intraday price action, I spotted one more bullish confirmation. This time the price violated a support line of a wide horizontal range on a 4H time frame. We see a positive bullish reaction after a retest of its broken upper boundary. I think that the market will reach 2450...
Technical analysis for Gold. Price action analysis. Support and resistance levels. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
Price action analysis on Gold. Multiple time frames analysis. Important key levels. Trading recommendations. ❤️Please, support this video with like and comment!❤️
I think that probabilities are high that Gold will update the ATH soon. If we study the price action since April, we can spot that the market has already updated ATH twice. The completion points of the last 2 bullish waves were the Higher Highs. Now we are in a wave 3, so get ready that the high will be updated again. ❤️Please, support my work with like,...
Following a structure analysis that I share earlier, Gold nicely respected a key daily structure support. I see a bullish breakout of a bullish flag pattern on an hourly time frame. I think that more growth is coming. Next resistance - 2417 ❤️Please, support my work with like, thank you!❤️
Gold is currently retesting a recently broken trend line on a daily. On a 4h time frame, we can see that the market is consolidating and trading within a horizontal range. I will wait for a bearish breakout of a support of the range as a strong bearish confirmation. A 4h candle close below 2318 will confirm the violation. A bearish continuation will be...
Here is my latest structure analysis and important supports & resistances for next week. Horizontal Structures Support 1: 2277 - 2298 area Resistance 1: 2360 - 2368 area Resistance 2: 2375 - 2387 area Resistance 3: 2426 - 2450 area Vertical Structures Vertical Resistance 1: Rising trend line Consider these structures for pullback/breakout trading. ...
Quick update for Gold: since my last post on Sunday, the market formed a classic bullish price action pattern on a daily - the ascending triangle. The pattern signifies a bullish accumulation and a highly probable coming bullish movement. To confirm that we stick to the plan that I shared earlier. We wait for a bullish breakout of 2341 and a daily candle...
Daily/4h time frames analysis on Gold. Price action and important key levels. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
Gold closed this week, testing a resistance cluster based on the all-time high. Because the trend is strongly bullish, probabilities will be high that the market will violate that. I will be waiting for a daily candle close above the underlined red area to confirm a bullish continuation. The market may go much higher then. ❤️Please, support my work with...
After a breakout of a solid horizontal resistance on a 4H, Gold is retesting that today. Approaching the underlined area, the price formed 2 bullish patterns: a falling wedge pattern and a double bottom. 2 bullish breakouts: a violation of a trend line of the pattern and a neckline, indicate the strength of the buyers. We can anticipate more growth today at...
Gold remains very weak for 2 weeks. Analysing a daily time frame, we can see that the market is consolidating and trading within a very narrow range. The last 4 daily candles are even trading within the range of a strong bullish candle. That is a perfect example of inside bar formation. Depending on the reaction of the price to the boundaries of that...
Daily/4h time frames analysis for Gold. Price action & key levels. Directional bias & trading plan. ❤️Please, support my work with like, thank you!❤️
Here is my latest structure analysis for Gold. Horizontal Structures: Resistance 1: 2054 - 2065 area Resistance 2: 2077 - 2088 area Resistance 3: 2142 - 2148 area Support 1: 1984 - 1992 area Support 2: 1965 - 1977 area Support 3: 1932 - 1938 area Vertical Structures: Vertical Resistance 1: Rising trend line Consider these structures for pullback/breakout...
Gold is recovering after a strong bearish movement. The price is currently testing an expanding supply area. I believe that we will see a bearish movement soon. The first goal for the sellers will be a retest of a local low 1992. The second target will be 1980 major support. ❤️Please, support my work with like, thank you!❤️
Yesterday's US news turned out to be very bearish for Gold. The market formed a high momentum bearish candle and violated 2 horizontal support and a major rising trend line, and successfully closed below them all. The broken structures compose an expanding supply zone now. We may see a retest of broken structures with a consequent bearish continuation. Next...
Top-down analysis for Gold. Important key levels. Candlestick analysis. Price action patterns. Bearish outlook explained. ❤️Please, support my work with like, thank you!❤️
Top-down analysis for Gold. Important key levels. Potential scenarios. Your trading plan explained. ❤️Please, support this video with like and comment!❤️