GOLDTREND-NET

GOLDTREND-NET Updated 

Gold has structure retest and hits the resistance zone around 1780-1795. It might need a little pullback here. On the 4-hour chart gold has a little inverted hammer candle at the top. Plus the fibo retracement 62.5 is at 1776. Thus, gold could retrace back to the previous structure and support 1750-1760.

GOLDTREND-NET

Gold has recovered $95 from the low 1680 at the begining of this week. It is such an impressive move given the breakdown of 1750-1760 area to 1680 then gold reversed and made a breakthrough 1750-1760 again. Now watch for this weekly close for hints of final bottom in place. If this week is going to close like in the chart, it will be a huge bullish reversal...

GOLDTREND-NET

Gold has recovered from the low to retest the 2018-2019 uptrend line, which has been broken at the beginning of this week. The pivot area 1750-1760 used to be strong support, now will act as strong resistance. As long as gold stays under the resistance area 1750-1760, odds favor downside continuation. Unless a few sessions above 1760 may tell us bull is back.

GOLDTREND-NET

After touching 1680 in Asia morning session, gold has had rebounced to 1750. This 1750-1760 area used to be support, now turnes resistance which proves to be a pivot area. A breakdown under 2018-2019 uptrend line is in progress. The daily chart shows severe technical damages with combination of death cross, trendline breakdown, and negative MACD. Unless gold is...

GOLDTREND-NET

Gold's monthly chart shows a break down of the uptrend line since 2018-2019 is in progress. RSI14 indicator also confirms a break down in progress. Gold bulls are in big trouble if gold cannot reverse and close this month above 1780-1800 a.k.a the pivot area. Thus, bears have upper hands as long as gold stays under the pivot area 1780-1800 and will try to drive...

GOLDTREND-NET

Our analysis indicates gold is at the very important support area 1750-1760. The support area 1750-1760 is a major support because it is the last swing low, and it is also coincides with the uptrend line support. This proves to be a major turning point for gold in medium and long term ahead. If gold is able to hold 1750, gold can bounce back to 1790-1795...

GOLDTREND-NET Updated 

Our swing model indicates that the swing may have turned bearish from bullish given the case that gold has failed to close above 1825 for a couple of sessions with lower highs. Now gold might head to 1750-1770 support are with a probability of some extension to 1720, if gold's major support 1790 is broken.

GOLDTREND-NET Updated 

Even though gold is holding 1810 level and still above the critical support at 1790-1795 at the moment, our swing model may indicate that the bullish swing from 1750 could come to an end if gold does not have 2 to 3 consecutive closing days above the 200-day moving average at 1825 level. Above 1825, gold will test 1837-1845. But if gold breaks 1790-1795, gold can...

GOLDTREND-NET Updated 

Gold bounced up $40 from retracement fans, a specific area where two retracement fans confluenced roughly at 1892. Now gold finds resistances at the old resistance 1833, which is the area where the orange line - 50% retracement fan line resides. Gold must overcome this area 1830-35 to find the next resistance area at 1855-1860, which is also another area where two...

GOLDTREND-NET

1790-1797 could provide good opportunity to buy on dips given a few setup including: structure retest, MA(200) on 4-hour chart at 1795, a channel forming on 4-hour time frame, and a possible hidden bullish divergence. However, our swing model indicates bullish swing may come to an end if gold breaks support at 1790. Above 1790, gold still has hope to go to 1853.

GOLDTREND-NET

Our math shows two scenarios for this gold's bullish swing target. Gold can jump to 1853 with a good probability of extension to 1875. But gold should hold support at 1810 and must not go under 1790. Consider loading up more at this level and 1790.

GOLDTREND-NET

Our mathematical swing model shows as long as gold holds 1808-1815 support area, gold stil has room to go to 1900 by beginning of August. If 1810 can't hold, this bullish swing will end. It could be time to buy the dips.

GOLDTREND-NET

Gold has broken through the resistance 1815. Our mathematical model shows a calculation of the next target at 1880. Considers going longs when gold retests the sideways channel. Stay tuned for more updates !

GOLDTREND-NET Updated 

Our mathematical swing model, which has been adjusted for market's progress, continues to show a possible target of 1896 as a possible extension of this current bullish swing. Stay tunes for any further updates. Noted: Long posy est. at 1795 and we will continue to accumulate if gold touches the arc. All SL under 1780.

GOLDTREND-NET Updated 

Our mathematical swing model shows gold could possibly swing as high as 1920 in approximately 11 trading sessions, as long as gold can stay on the parabolic arc. The swing top can be identified when gold breaks the arc. Buy when gold touches the arc, sell when it breaks down.

GOLDTREND-NET Updated 

- 4 months ago when oil price was going down to $30/barrel, I told my colleagues to long oil because of its low price. What happened ? Oil touched $26 and started going higher. Now its $50/barrel, almost double !!! - 2 months ago when oil price was $43, I told them again to long oil due to a technical break out in the weekly chart and oil would go to $50 and that...

GOLDTREND-NET

Simple analysis based on support and trend line. Details are in the chart. Long or short, up to your choice. I prefer short ! Stay tuned !

GOLDTREND-NET Updated 

Not much too say. Details are in the chart. GBP is setting up for a much higher price. Go long until 1.45-1.50. Stop loss under 1.38 Stay tuned !