Gold is in the correction phase, as I said yesterday - there is a key level of 1921.9. If the price breaks it down, it will fly to 1903. What happened?)) 1) The price goes down, the consolidation breaks through and the gold enters the correction stage. 2) The price tests the 1903 zone, a bounce from the 1903 level is possible. 3) The price has been moving without...
Gold goes into consolidation. Forms a 1940 resistance range (1935) - 1918 - support. The strong growth since the end of November is exhausting and the price needs to gather energy for further moves 1) A global H&S pattern is forming. 2) 1935, a strong resistance zone, is keeping the price down 3) Strong support area keeps the price down 4) Volume profile - price...
Gold is in the correction phase. RSI indicator forms a bearish signal. There is a potential for a small correction. 1) The price stops and cannot yet overcome the local highs to reach the nearest resistance 1948 2) The trend is still ascending. 3) A bearish correction may start to develop on the uptrend, the first target is 1903 4) 1921.9 is the key level. If the...
Gold looks on the chart like it is still going to continue its rise. The price is increasingly consolidating, before making a small move 1) The bullish trend continues to be relevant 2) Price is above key levels, there are no strong areas from which to confidently sell 3) Price is in the 1948-1903 range, so it is logical to expect price to move from border to...
Gold finds support from the 1915-1920 zone 1) False break of the ascending line 2) False breakout of the liquidity zone (volume profile) 3) Price is still in a range (sideways movement) 4) Uptrend 5) The trend is still bullish and may be bought if the price fixes above the ascending support line Buy may be opened from the ascending support line and level 1935....
Gold continues to consolidate, which means that we should expect a strengthening of the price in the medium term. 1) The price is not falling, it is not allowed below 1920. 2) Long shadows indicate an energy rally on the buyer's side. 3) Resistance retest will indicate a prospect 4) The situation is still the same as in the previous review of January 26
Gold is breaking through again. The price is testing the 1950 area. 1) Gold pulls back to support 1935 for a retest 2) The support zone was tested by a false-break 3) The trend is upward. 4) The buyers are not letting the price go below the 1935 area, which is a liquidity zone 5) If the buyers finally keep the level of 1935, the price will form an impulse to...
Gold is creeping up to the strong 1950 level. It's forming an energy buildup and we should expect a surge in the near term 1) Dense consolidation is forming. 2) The trend is uptrending, strong shadows mean energy buildup by the big player 3) Price forms a squeeze to resistance, volatility begins to decline 4) In the medium term we should expect a possible...
Gold meets a strong resistance area 1) Double top is formed, the price breaks through a strong support 2) The reversal pattern sends the price down 3) The support line is broken and there is a consolidation under 1935. 4) There are preconditions for falling on the daily chart 5) The liquidity zone is the target of 1916, 1909 I expect the end of consolidation...
False breakout of local resistance 1935 could send the price to 1903 1) The price forms a local range between 1935 and 1903, and from the resistance the price can go towards support 2) Price cannot rise all the time, it needs to rest and consolidate energy 3) RSI daily is in the oversold area, the crowd is waiting for pullback 4) False breakout of resistance is...
Gold finishes its correction after testing the 1910 liquidity zone and heads up, breaking the 1935 level. 1) Gold has broken through the 1935 level, so I expect a pullback and consolidation above the level 2) The trend is bullish, consolidation above 1935 is acceptable for opening long positions 3) The target in our case will be the area of 1950 4) Gold is in a...
Gold is showing strength at the moment. Price is making new highs and breaking out of consolidation 1) Price breaks through consolidation resistance 1935 2) A new range of 1958-1935 is forming. 3) The trend is bullish (strong). 4) After the exit from the consolidation the strong impulse may be formed 5) Impulse may break through the resistance of 1958 and reach...
Gold is showing good upside in the medium term, but after a consolidation 1) Last week closes in its highs, which suggests that the market growth will continue 2) The price also closes near the strong liquidity zone. 3) This consolidation, which forms in the area of 1930-1910, can help the price to head towards the 2000 zone 4) The local situation is that the...
Gold starts the new trading session by updating Friday's local. The price is in a range, the resistance of 1935 is confirmed and a pullback to 1903 is expected 1) Gold forms a range of 1935-1903. 2) Resistance is tested, a false-break takes place and the level is confirmed 3) The trend is still bullish, but the price is not yet looking to continue rising...
Gold forms a strong rise to the 1929 zone, after which a Gartley pattern forms on the chart, which indicates the possible beginning of a correction. 1) If the price rebounds below 1929, it has a potential to correct to the 1915 area. 2) The trend is still strong and bullish, but the gold might enter a retracement stage. 3) If you sell, use minimal risk. 4) There...
Gold is rapidly renewing its highs. Price strengthens above the 1903 level and forms a bullish takeover 1) Yesterday's bar is closing in its highs, indicating that the rise will continue 2) The potential is still bullish 3) It is acceptable to sell in such a market with minimal volumes and minimal risks. 3) Trigger points for buying: 1903, 1921, 1935
Gold forms a flag pattern - a bullish pattern. Breaking resistance, consolidation and confirmation of the change in price position again breaks the level of 1908 1) After the formation of the entry point from the flag, the price forms an impulse. 2) The retest breaks through the 1908 level 3) Consolidation above the 1908 level will open a buy point 4) The trend...
The outlook for gold from a weekly timeframe perspective shows quite good dynamics. 1) The previous week's bar closed at 95% of its high. The market has not gained ground and will continue to push the price in the medium term 2) Price enters a wide range, resistance is 1981, support is 1890 3) A technical pullback is forming, which plays the role of a secondary...