AndeWave

AndeWave

Gold. Daily timeframe. The price is in a range, I think that from 1804 gold can form a correction to 1786 1) The price is still in a global range of 1804-1765 2) Nearest support and downside target is 1786 3) The opening is far from resistance and a counter-trend pullback is possible when testing the level of 1804 4) Medium-term outlook - buy. 5) Medium-term...

AndeWave

Gold in consolidation, the bulls still control the support 1) As I said before, the price has entered the 1777 area and cannot go lower, we see a strong support line 2) Price is aiming for resistance at 1784. Consolidation for a possible breakout is forming. 3) The trend is ascending. 4) Price has reached the liquidity zone of 1777, a false breakdown and forms a...

AndeWave

Gold. Daily timeframe The price is in a consolidation state. 1) The price is in a range between 1804-1765. I think that after the strong rally, gold will stay in these ranges for some time yet 2) Increased volatility because of the news, but gold is still in consolidation. The market maker is speculating on the crowd and gaining energy 3) Global trend is...

AndeWave

Gold gets another confirmation that the growth will continue 1) We updated the maximum and stopped at the level of 1824.515, technical rollback is forming 2) The price makes a false break through the channel resistance, but is still above the important level of 1803 3) The price is heading towards the support of 1803, but below the level there is a liquidity zone...

AndeWave

Gold. Day timeframe. Daily analysis 1) Gold opens a new support level at 1804.115 2) Yesterday's momentum forms a kind of bullish absorption. 3) Fundamental factors are on the buyers' side. Indicators are changing in the positive direction. 4) The price breaks through the level of 1804.115 and opens the way to 1825. 5) Today's candlestick forms a technical...

AndeWave

Gold goes below the key point of 1783.4, which is a kind of liquidity pool. Since the price is in consolidation, the price will be between such zones. The next potential target is 1798. 1) Gold makes a false break of 1784.78, a strong support zone 2) Price is testing upward channel support 3) The potential for growth towards the channel resistance is open 4) The...

AndeWave

Gold. Daily timeframe. Daily analysis. 1) Gold in the global range 1802-1765. 2) The local range 1802-1786, the price makes a false support breakdown 3) Bullish trend 4) The price is in the accumulation phase, we see that there is no urge to fall, but at the same time the price is not aiming for new highs 5) How long the price will consolidate, no one knows 6)...

AndeWave

Gold continues to strengthen and also shows us the presence of bulls in the market. 1) The price is in an ascending channel, the range has two support lines (strong and weak). 2) Prices form a pullback to resistance from the support area, and we can assume that the price starts consolidation 3) I expect gold to slowly approach resistance, pullback and form...

AndeWave

Gold. Daily timeframe. Daily review 1) The price from the opening makes a fall to the support level 1786, but it forms a false breakdown. 2) It is possible to assume that the consolidation will be formed between 1802-1786. 3) The trend is ascending, we can look for supports for buying 4) The price is in the volume void zone (according to the volume profile), so...

AndeWave

Gold. Review of December 12 Daily timeframe. 1) Gold makes a false break of resistance 1802, but closes near the level, which indicates a high chance of continuation of the movement 2) The trend is upward. 3) RSI is in the bullish zone and shows the strength of the buyers. 4) Price is approaching the level slowly, in a pace of consolidation. Energy is gaining...

AndeWave

Gold strengthens its position and recovers to 1,797. But the price breaks the local support level, which goes by the local rising lows 1) The price could make a pullback to 1784, but the upside potential to 1803 remains open 2) The trend is ascending and the price keeps updating the lows 3) It is possible to pullback from 1803 before the price starts to break it...

AndeWave

Gold. D1 timeframe. Daily review 1) Gold is forming an upward consolidation move after the bulls held the 1786 level 2) Gold enters a volume void zone and bullish activity could push the price to 1840 3) The trend is bullish. The bulls are gaining ground 4) Yesterday's daily candlestick closes above the 1786 level, opening the way for the price to the 1802...

AndeWave

Gold. A false break-down of 1784 might push the price down. But... 1) Yesterday we saw the price fixing at 1775 and rising to the target 2) Price did not consolidate above 1784. 3) Daily analysis showed the potential for a possible break-up of the level up 4) The pullback may end up in the zone of 1775, 1780 (near the moving average). 5) High probability of the...

AndeWave

Gold. Daily timeframe. Daily review 1) Yesterday we tested the resistance at 1786 with a false-break. 2) The new candlestick did not renew the local maximum, opened under the level, made a false-break and went down. Maybe for the retest. 3) The trend is ascending, the price is still in the 1765-1786 range. 4) Yesterday's closing near the level of 1786 suggests...

AndeWave Updated 

Gold stopped in the 1770-1765 zone after a technical pullback. The price is testing the channel resistance and is above the level of 1) Since the opening the price is not falling further, but it is already consolidating above the channel resistance 2) Gold is testing the maximum density in the 1784-1765 zone. This zone may push the price up 3) On the left side of...

AndeWave

Gold. Daily timeframe. Daily review 1) Gold in a range between 1765 (key level). 1786 2) A correction in the uptrend is forming. 3) RSI is in the long zone, above the neutral line (bullish sentiment) 4) Price is testing the upper boundary of the higher volume density zone and could essentially go back towards 1825 5) The 1765-1729 zone will be quite difficult to...

AndeWave

Gold is forming a correction. The price is testing the channel resistance and the Gartley pattern indicates the end of the correction. Will the rise continue? 1) Gold fell to the 1765.9 area. 2) Gartley pattern formation completion indicates the end of the correction, the price is in the consolidation phase above the level. 3) The price is above the trend line,...

AndeWave

Gold. Daily timeframe. Daily review 1) Gold forms a paranormal bearish candle and the fall stops around 1765 2) Support level, moving averages are pushing the price back. Gold strengthens to 1775 3) Price in 1786-1765 range. It is logical to expect a pullback to 1786 4) Gold is in an uptrend. The medium-term outlook remains long 5) If gold holds above 1765, it...