we ride with the chart. after it retested the lower support area my target is 1933. Low TF support is 1910-1911
There seems the price is about to retest the sell zone, Bullish pressure is persistent. Support 1900 Target 1933
There seems no sign to the bullish bias. However, the price could test again on the strong RBS level that will bring the price to retrace in the bearish channel. Price might consolidate for sometime until further confirmation achieved.
There seems no sign to the bullish bias. However, the price rested on the RBS level. Price could consolidate for sometime until further confirmation achieved. Good time to trade gold? Maybe in the jewellery shop.
With the momentous bearish, There is a rejection at the support level. Could be a bullish before the price make its decision. TP 1913 from the support 1900-1898
Retesting the Support. There is a high chance it will retrace to the resistance sell area
After the long to touch the previous high, and with the momentous drop, i'm expecting it to further bear until the RBS area for now. RBS level: 1853.34-1838.74
There is strong bullish compression which indicates in the midst of breaking the strong downtrend resistant.
After the uptrend resistant respected, drop is the Next move. Moreover with triple touches. The Bias is short, with a descending zigzag to break the stong supports.
As expected, Gold with the Bullish leading Impulse driven by Fundamentals took to retest the SBR zone in the sell zone. It’s a possibility for the retracement to take place before continue the next Bull to penetrate the previous high. Alternatively, it may just crash like a meteor hit after a certain compression. The next garnet would be 1879-1877
The Bullish Pressure still exerting, also noticed an inverse H & S. my target still above the 1900
Since i dont’t see a strong drop, And the H4 candle closed bullish, im targeting a bull from a Short retracement at the 1894-1892 Level.
After a Long Of Leading Impluse, Touching the previous high at 1907-1908 level, I’m expecting it to retrace to the Strong RBS level at 1880-1797 level. Fundamental is in war!
The 50 ema is just at the strong Long Trendline. It might test the 1897-1900.78 zone before it short to weekly RBS level at 1862-1866. We will see what happens if it reaches there
After the fomc the volatility pushed the price to the highest of previous high. However, double top is possible with the persistent selling pressure. If it breaks the 1878-1880 zone that I’m expecting it’s going to 1900 area.