Hello traders,
This is a quick analysis of gold for the week.
As you can see, the rally of silver has also created some volatility to gold. However, as of this moment, gold just breaks above the lastest consolidation range between 1833-1861.
I do expect gold will join the sliver parade and aiming the price to at least 1920
If you like this analysis, please...
Hello Trader,
Last week, gold pulled back and its price turn within the range of 1857-1837.
For next week, I will monitor which direction gold is heading to. Personally, I feel gold will make another attempt to break above 1857 and remain above this level and heading to 1910.
Most importantly, once gold break above 1857, it will form a right shoulder on the...
Hello Trader,
This post is an update on my previous analysis.
Last week, gold has been in a bearish trend and dropped from 1931 till 1828. The momentum on the downside remains strong as has broken below the support of 1837.
Therefore our next week strategy on Gold need to remain bearish.
I have marked 2 possible ways on how the price is likely to act for...
Hello traders,
This analysis will be completely based on the daily timeframe and will be used as the base for my own training plan for the rest of Jan 2021.
As you can see, on the daily chart, gold is on its way forming an inverse H & S formation right above EMA 200. This could be a sign showing Gold's retracement since 2074 will soon come to an end.
I am...
Hello Trader,
Gold is showing a sign of retracement from 1848 after its first touch on the 4H major resistance level -1856
If price retraced and stable around 1800-1820 level, we may expect an ABCD pattern with target aiming at 1895.
If you enjoy this free analysis, please like and comment. This will help us provide better quality ideas.
In 1H chart, GBP/JPY is on a bearish trend where the price is waiting for form a lower high before the continuation on the downside.
Be mindful on 2-3rd of Nov and I am expecting the price to form a top pattern on 15 mins chart.
1st TP level is the previous LOW 134.870 with a bit of luck, the price may break below 134.475
If you like this idea, please drop a...
From 1 hour chart, we can see Gold has made 2 attempts to break above the major resistant but did not succeed. Shortly price dropped and break below minor support at.
The price currently is on a downtrend, unless the price stays above 1890, we shall be bearish on this pair and keep an eye on where the next low will be formed for gold.
There is no detailed plan...
On 4 hour chart, gold has returned the major consolidation range between 1902-2015.
On 1 hour chart, Gold is forming an ABCD pattern where it is currently aiming to make a new high.
The ideal situation for next week is for us to buy this pair when the price drop near 1904.
If we do not see such opportunity, try to find an entry point in a lower timeframe (...
As per my indication on the chart, buy this pair when price retrace.
Key levels to monitor
Entry-level: 1.71600
profit taking level:1.19030
Bullish trend invalided when price drops below1.17276
Under 4H Timeframe, price still within the consolidation range of 1902-2015. After gold price reach 1966, price now within the range of 1941-1952. This will be the key range to monitor for next week. If the price can stay within this range and further break above, 1st TP level will be previous high ( 1966) and in long run, aiming 2015.
This project is invalid if...
Gold price remains steadily with the consolidation range on 4H timeframe (1915-1992) . After retest the major resistance, gold is forming a ABCD pattern. Overall I am still staying bullish on gold for today and expect the price will reach 1962.5
Gold is in consolidation under 1H timeframe. Major support is at 1922 and major resistance is at 1948. Bullish view continues when price break above 1948. Do not recommend any long position when price break below 1922 (MA'S)
