Gold continues to fluctuate at high levels. Keep an eye on the resistance. If it breaks through, we could see a significant rally next week. If it fails to break through, you can continue trading within the 2480-2520 range until the market decides on a direction. If the support is broken, the next low could appear below 2450. If the resistance is broken, the...
The current market shape is similar to a double bottom. Here we should focus on whether the resistance near 2032 can be broken through, followed by 2038-2043. If the shape is completed, consider the 2049-2058 range. This is today's trading plan. We will make specific adjustments based on market conditions. If you have any questions, please contact me in time!
Gold price suddenly dropped sharply in the last session when sellers returned around the 2060 resistance zone. Currently, the price has been forced to fall below the 2040 conversion price zone and is testing the previously broken down channel. Observing on the daily frame, we also see a very noticeable bearish engulfing pattern that has just appeared. The...
200 Points short on Gold NO SL (MANAGE RISK) I will add more positions when it goes 2065-2075 area PATTERN WAS MADE ALONG THE WAY ✅✅✅ HMU when it reached target to the pip DONT GIVE UP if this is your first tie seeing this channel go to my first post.
Since there is no data today, we will only do technical forms. The current trend is still short. It is expected that there will be a wave of decline after the US market opens. You can continue to short and set SL to control risks. Because the U.S. trading time usually fluctuates greatly, if you make a mistake in judgment, setting SL can also avoid some losses,...
Dear Traders, Today we will be looking at the factors that affect the gold, however, let’s focus on what we are expecting price to do next week. Gold traded in a range of 1920-1928 on friday indicating a low level of interest from buyers and same goes for sellers. In most cases, prices tends to fell more as we will sellers dominance on MONDAY. Once prices drops,...
Hello guys, I hope you're all doing well. As for the obvious downtrend chart pattern we have for gold, I think there are two possibilities: 1. The price will turn back up until the upper downtrend line and then return. 2. The price will continue falling until 1887. In my opinion, if the price turns back upside, it won't have as much strength as if it...
In the 15m chart, it first formed a head and shoulders top, and then formed a double top, and the short position will come again, and it is easier to make money by shorting.
On Wednesday, the US dollar experienced significant fluctuations, but ultimately ended the day with little change. The main factor affecting gold prices was US Treasury yields, which supported the US dollar. Currently, gold prices are stabilizing after a recent decline, but if the market worsens, the US dollar may become a safe-haven investment, which could limit...
Lower timeframes gives us strong indication of sellers presence in the market. Let's wait and see how market behave.
Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ The technical indicators are signaling a potential increase in risk and a decline in earnings, which may worry those who are bullish on the...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: most significant time frame yearly base on yearly gold is in a bull trend but currently in a corrective phase 2 📆Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame 3 📅Weekly: extremely bearish in weekly...
Gold in H4 time frame: we are looking for a good short entry around 1990 and 2005 and target would be 1950, 1920 and 1900. stay tuned for more analysis. like share our analysis and I will give you more update. if you have any idea of Gold please comment bellow.
Divergence spotted. A lot of retests of previous key levels pending XAUUSD is expected to be bearish for the coming week.
Let's start a discussion about the it in the comments.