MULTIDIMENSIONALTRADER

MULTIDIMENSIONALTRADER

Gold is still within an ascending channel however after testing the bottom of the channel price is moving sideways and is failing to break market structure to the upside. For further movement up we need a daily close above 1898. 1875 is a key level, this needs to hold to contain price within ascending channel. Break and close below 1875 will open 1840....

MULTIDIMENSIONALTRADER

Gold on the H4 chart is moving within a descending channel, we need to see a new high or a new Lower Low to get a clear picture of the short term direction. Please have a look at our previous analysis for an In-depth look at Gold over multi-time frames.

MULTIDIMENSIONALTRADER

Let’s take a detailed look at Gold and cover multi-timeframe analysis to see where we are and where we could be going with Gold. 3M (QUARTERLY) CHART Starting a with the quarterly chart we can get a broader picture of where we are and the levels that are being respected. Using FiB Extension Notice how the all-time high was bang on a 0.618% FIB extension...

MULTIDIMENSIONALTRADER

GOLD UPDATE: NFP has pushed the price back up from the retracement we got yesterday. Although we are bullish on the HIGHER TIME FRAMES you will notice that we are moving up within an ascending channel, and within the ascending channel, you will notice that we have broken below a smaller ascending channel. It's possible that we will get a rejection between...

MULTIDIMENSIONALTRADER

Gold remains highly bullish and is now is in line with the seasonal expectations. The price is showing reluctance to go down deeper and is finding buyers as soon as the price dips a little. The last time gold behaved in such a manner was back in June-Aug 2020 when the price increased by 24.28% in the space of 46 trading days with very little retracement on the way...

MULTIDIMENSIONALTRADER

We are still bullish on o Gold and the higher targets of 1922, 1957 are still open. The price has broken out of the D1 descending channel. If we get a D1 candle body close below 1886.00 by end of today, this will be a good indication of a short-term swing high is in place and we can expect some more retracement down to as low as 1875, 1845-50. Please note this...

MULTIDIMENSIONALTRADER Updated 

We are bearish on Platinum and will be looking to take a short position if the price retraces back to the levels on the chart.

MULTIDIMENSIONALTRADER Updated 

Levels on the chart

MULTIDIMENSIONALTRADER Updated 

Waiting for a short-term sell setup on Palladium. We are bullish on Palladium however if we get a retracement this looks to be a good quick short-term sell opportunity.

MULTIDIMENSIONALTRADER Updated 

Levels on the chart

MULTIDIMENSIONALTRADER Updated 

Levels on the chart.

MULTIDIMENSIONALTRADER

MN CHART Silver is bullish long term Price has not reached equilibrium (30.748) yet MN could be either in accumulation to go higher or in distribution to go lower. May 2021 MN candle close will provide some clues. Seasonality suggests that we are to go higher. If May 2021 MN closes above 28.00 we are likely to go higher in the coming months. WEEKLY...

MULTIDIMENSIONALTRADER

MN CHART Price has breached the equilibrium on the monthly range. If Gold remains bullish, in the coming months we are likely to reach 1990 and then take out the all-time high. MAY 2021 monthly close will be crucial for determining long-term trend. If we close strong above 1900 we are likely to target all-time high within the coming months. If we drop and...

MULTIDIMENSIONALTRADER

SILVER BUY ENTRY: 27.250 TP1: 27.63 TP2: 28.00 TP3: 28.35 TP4: 29.00 SL: 26.500

MULTIDIMENSIONALTRADER Updated 

GOLD SELL ENTRY 1872.00 TP1: 1864.00 TP2: 1860.00 TP3: 1856.00 SL: 1878.00 COUNTER TREND TRADE EXTREMELY HIGH RISK

MULTIDIMENSIONALTRADER Updated 

Levels on chart

MULTIDIMENSIONALTRADER Updated 

Levels on the cahrt

MULTIDIMENSIONALTRADER Updated 

SILVER BUY ENTRY 27.50 TP1: 28.00 TP2: 28.43 TP3: 28.80 TP4: 30.00 SL: 26.800