Jbirtles

Jbirtles

Gold is at the top of a bearish channel on the 4h chart after hitting 32 fib retracement. Be prepared to sell. be aware that analysis is subject to change

Jbirtles Updated 

Gold is coming up to a down trend channel. NFP News turned gold bearish as the dollar weakened and pushed it to the top of this trend line. Wait to see how price reacts before entering into trades

Jbirtles

Gold giving evidence of rejection on the 1h after hovering at a fib retracement level

Jbirtles

Gold is at a level of support on the h1 timeframe. This gives it pottential to retrace up to the 38.2 (Red zones) and then continue down to 1832

Jbirtles

The dollar is still inside this bullish channel. Currently pulling back to an area of least resistance before continuing upwards. If we see this area broken then be prepared for the dollar to turn bearish.

Jbirtles

Silver broke a previous bullish channel and not had made a retracement to the 38.2 retracement. We can now wait to see the support structure at this level to be broken (Red rectangle) and head lower back to support.

Jbirtles

The dollar had broken a trend and now at a key retracement level. This is a perfect time to short silver and gold as shown in my previous gold analysis

Jbirtles

Gold broke structure of the previous parallel channel when it could break resistance. Gold will more then likely head back down to support before heading back up to break/retest the resistance.

Jbirtles

There may be still some strength left in the dollar for price to move to the upside before potentially forming a double top and falling lower.

Jbirtles

Gold closed below the triangle as shown in the analysis showing that gold could potentially go lower. However we could also see a fake breakout from gold with the news that sent the price of gold up on Friday. These are my ideas and where profits can be taken regardless of where the direction of gold.

Jbirtles

Gold is at a daily resistance level. Depending on where price closes determines whether buy or sell. If price closes below the resistance then expect it to fall

Jbirtles

Gold may still continue to clime before its fall however gold is set to fall within the next week reaching what i believe to be a high for gold sending it into a downward trend when it finds resistance after the drop from 1800

Jbirtles

We have see the dollar strengthen as we approach a key level we can expect to see JPY make a move to the downside

Jbirtles

Gold is currently consolidating and has been for the last couple of weeks. We saw gold strengthen today as the NFE figures were published which weakened the dollar. Next week will be the deciding factor for the direction of gold.

Jbirtles

Gold is at the top of a resistance channel suggesting that gold could potentially go short. Over the next couple of days we will get a direction of where gold is heading to.

Jbirtles

Gold continues to head to the down side. Unless previous structure is broken it is safe to assume bears still have control. We could see gold heading towards 1700 before changing direction in the market.

Jbirtles

Gold set to fall on the one hour time frame. Potentially falling to 1725 within the next week or two. This is subject to change depending on the reports that are released this week potentially seeing the USD weakening