AndeWave

AndeWave

Gold behaves predictably. Everything is according to the script and the plan! The price goes out of the pattern in the right direction and opens the potential for sellers 1) The price forms a slight correction to the previously broken support line 2) A reversal candlestick is formed and in fact the price fixes under the level 3) The flag may end up in the area...

AndeWave

Gold, as I said yesterday, is making a strong fall from the 1890 area and breaking through the key support at 1869. The fall might continue! 1) Yesterday's session closes under the level of 1869. 2) The bearish absorption is formed, which is a strong signal for falling. 3) There is a potential for movement to 1824. 4) There may be prerequisites for a change of...

AndeWave Updated 

The gold is in the correction phase, but something tells that the price will not go higher than 1890, and rather it will break the support of the local rising correction and will go towards 1840-1830 area 1) The price is slowly consolidating around 1875, there is no growth and no fall, the ostensibly-visible local lifting is formed in the channel, but it does not...

AndeWave

Gold stops and a slow consolidated pullback. Today there might be a retest of 1890 resistance with a long candle and the price might fall to 1869 (Trade carefully!) 1) The last three daily candlesticks are a consolidation format. Slow movement and long shadows pointing up 2) Market maker is gaining liquidity at the expense of buyers 3) The strong zone of 1890 and...

AndeWave

Gold enters a new local range and forms a retest of support at 1879. From this level, the price can go to the area of 1900. 1) The situation is bullish for now 2) The price consolidates above the liquidity area 1870-1880 2) The next target with active growth is the liquidity area 1910-1920, followed by 1920-1930 3) The trend is still bullish, the priority is to...

AndeWave

Gold continues to recover, but at a very slow pace. Most likely the crowd is trying to sell, but the market maker is pulling the price up. 1) The risk zone for buying is 1900. If the price goes above this zone, a huge amount of buying is activated again. 2) The market is still bullish. 3) A false-break-down of the 1869 level sets up an upside movement. 4) The...

AndeWave

Gold on the retest holds the 1870 area, the price returns to the 1900-1870 range. 1) If the price holds above the support, it could recover to 1900 in the near future 2) The price is in a wide sideways channel 3) A "Triangle" pattern is forming near support, which could become a reversal pattern 4) The trend is still bullish. 5) Gold is in a consolidation phase...

AndeWave

Gold fell below the 1869 area, but a price stop and a pullback allows waiting for a bullish retracement and growth towards 1890 and 1900. 1) Yesterday's session closes below the 1869 level, but the price is not falling, a pullback is forming. 2) The price is trying to consolidate above the 1869 level. 3) Gold may rise above 1890 if it consolidates above 1869 4) A...

AndeWave

The gold rests on the key support, and a false-break and the retest of the 1870 area could send the price up again. 1) It is a false-break of the strong support at 1870. 2) The retest is formed and if the price does not break through it, there is a chance for growth 3) The price is in the 1902-1870 range 4) There are local resistance levels, which are worth being...

AndeWave

Gold makes a false-break of the support at 1869. Friday it closes lower, Monday it opens lower, but after a while the price is strengthening by 0.6%, which is a good sign. 1) After the false-breaks, according to the statistics, the strongest moves take place. 2) Bullish trend dominates in the market 3) Price may move into the range between 1869-1900. 4) the key...

AndeWave Updated 

Gold is down 5% on reports. The fundamentals broke the market and thereby made a huge mass of speculators nervous 1) Friday's daily bar closes in its lows, which suggests that the fundamental factor will continue to press the price and the fall may continue 2) The price makes a false-break of the support at 1865.2, and it might pullback to 1871 and to 1881 at the...

AndeWave

Gold continues to stand still. Weekly chart - tough consolidation Daily chart - a reason to be nervous 1) There's a reversal set-up forming on the weekly chart. 2) The daily chart is bearish in a consolidation 3) The price has a wide range on the hour chart, it hasn't yet tested the strong support 4) It starts to form a pullback after the breakdown of 1921...

AndeWave

Gold makes a false-break, a bearish takeover is formed and most likely, the fall can continue up to 1900 1) Gold is still in the 1948-1903 range. 2) There is a false break-down of the resistance of 1948. 3) Yesterday's bar closes at the bottom, but there is still a long way to the level 4) The price has a potential of movement for 70-100 pips 5) If it breaks...

AndeWave

Gold overcomes the strongest resistance zone of 1950. The next target is 2000, which is a psychological level. 1) Consolidation above 1950 is forming. 2) The price overcomes the local density zone above 1953 3) Local correction to the level of 1949 is possible 4) New wave 12345 is forming I expect a possible correction to the 1950-1949 area to retest support...

AndeWave

Gold makes an awesome maneuver after a false breakout. The market maker trap worked perfectly. 1) The price breaks through the resistance of 1948.100. 2) A new momentum is forming. A corridor to 1981 is open. 3) The bullish trend continues 4) I expect that the momentum formation will continue for 1-2 days more, during this time the price might reach the 1981 zone.

AndeWave Updated 

Gold is in a consolidation phase and essentially stands still. Yesterday everyone was fooled by the fact that a strong downward momentum activated various orders (stoplosses, sales, etc.) And today the price is rising - this is the essence of consolidation and trading from the limits 1) The price forms a reversal pattern. Dark rectangle retest and momentum is a...

AndeWave Updated 

Gold forms a strong support base at 1921.9, but the market maker cheated everybody 1) False break-down of 1921.9 clears the liquidity zone below the level of excessive orders 2) Yesterday's bar closes higher than the previous one, buyers are more active 3) Today's bar is testing support again, but looks like it's going to rise and strengthen the futures price 4)...

AndeWave

Gold is drawing a global "Head & Shoulders" pattern. Does it mean that the market is turning around? 1) The price begins a correction and passes the main density zone 2) If the price goes below 1901.7, it will open the way to 1879. 3) The 1901 zone is a strong support, there is a chance of a pullback to the density peak of 1910 4) In the future there is a...