Update to the previous post on the Gold bearish forecast part 2. Gold has reacted off a Daily Order Block and respected historical levels of resistance. This is also reflected on the monthly chart as the candles at the resistance are currently shown as wicks. Therefore there is still an opportunity for Gold to form a long term sell set up. Please like, share...
A late upload due to being away, however, Gold (XAU/USD) offered another Optimal Trade Entry on Tuesday 31st October. Following the historical technical pattern addressed int the second update of the Gold Bearish Forecast Part 3, the commodity has respected the resistance levels which are still in line with the OTE from the bullish leg up to $2,080+. When...
Following from my previous post on the second update of the Gold bearish Forecast, Gold (XAU/USD) offered another Optimal Trade Entry today. The war in Palestine has driven the price of Gold higher than expected over the last couple of weeks. However, this is still within the OTE from the bullish leg up to $2,080+. When reviewing on a higher time frame there is...
Reviewing Gold historically has identified a long term sell setup pattern. Please like and share and be sure to follow the updates of this idea!
Following from my previous post Gold (XAU/USD) offered an Optimal Trade Entry today. From my perspective Gold has been bearish since the liquidity was swept at $2,080. Due to the current war, Gold pumped unexpectedly as money is moved from currency to commodities in times of uncertainty for security. The bullish leg was evident of a re-tracement due to...
Update to the previous post on the Gold bearish forecast. Gold still has the opportunity from a technical perspective to form a long term sell set up. Please like, share and comment. Be sure to follow the updates of this idea! DISCLAIMER: All ideas are my own thoughts and opinions and should not be taken as financial advise.