Hello Traders and Investors There is no doubt Trumps election into office set the stock market on fire as billions were poured into the markets and stocks skyrocketed astronomically. Last week we saw a 50% fib level major pullback of the initial price move which settled on a major 4H demand zone. The pullback has been met with alot of buying pressure at this...
Hello Traders and Investors Gold has been largely bullish for the past weeks making new all time price highs unapologetically. From the start of November we started to see a significant retracement that was justified by a long over due brake on the pedals. In what seems to be a reversal Gold buyers have started to regain momentum as price broke out of the 4H...
Gold has been in a bearish environment lately, price reversed at the end of the week and rallied up. Price may probably continue retracing up until daily resistance and from here we might probably see a continuation on the downside.
Price overally remains in a bearish environment despite making a rally up at the end of last week. Price failed to maintain above weekly support and ended the week below which turned it into resistance. Price may likely retest this level and continue falling.
US30 has been in an overall bullish market, price has reached a resistance level where it is currently ranging. In the past this area has been tested a number of times weakening resistance price is likely to continue in an uptrend and break previous high.
Gold is in an overall bearish market, and continues to make lower highs and lower lows. Price reacted off the 4h supply zone where there was also resistance and dropped, there is a high probability GOLD continues in this trend and make lower lows to daily support level.
Gold has been in an uptrend since last week which has been a long awaited retracement of the overall Gold bearish market. We could potentially see a continued uptrend before we go back to the bearish market and make new lows.
Gold continues to be in a bearish market that has been dropping consistently. We should continue to see new lows but there is room for temporary buying before the continued downward trend.
Gold remains in a bearish market making lower lows, it has however started to retrace facilitating buys. Gold is slowly approaching monthly resistance we should see Gold surpassing this level as it makes a significant retracement up.
Gold has been making lower lows from the start of the week and CPI fundamentals news drove Gold prices lower maintaining the current bearish market. Price is currently trading at monthly support where there is buying pressure we should see Gold pull back to the daily resistance at 1890 which is a strong supply zone before we continue with the downtrend.
Gold has been making lower lows from last week making a bearish market, this week we should see a significant pull back to daily resistance which is also a strong supply area before we continue on with the downtrend making new lows.
Gold massively dropped last week after passing the previous weeks high, we are looking to see Gold retrace to a key monthly resistance and possibly even further up before we keep selling facilitating short term buys and long term sells.
Gold remains in somewhat a consolidation we are looking for price to break out of this consolidation clearly and retest monthly support which is also a fresh demand area as price has not completely made a second touch to this zone. This will facilitate short term sells up to support, monthly key level and then finally long term buys to pass last weeks Gold price high.
Gold broke out of key monthly resistance which has turned to support, currently price is in a consolidation trading slightly above the key monthly support. We are expecting price to breakout of consolidation and retest the monthly support once again before price rallies up again.
Gold broke out of a consolidation last week and flew to the weekly resistance. There has been a significant buy trend and we are starting to see signs of reversal at the key weekly resistance where there is alot of selling pressure. We are expecting significant retracement or better yet a retest of the monthly support.
Currently the market favors buying, Gold is in a bullish trend it has already broke out of the 4H supply zone and fast approaching the key level of monthly resistance. Based on the trend line we are looking to see Gold to continue pushing up until monthly resistance where there is a lot of selling pressure forcing price to drop from this area.
Looking at Gold price action it broke out of a daily major downward trendline together with daily support. It rallied up and currently it is now retracing, here short term sells will be facilitated. As seen by the grey supply and demand zones we expect Gold to retest the previous zone it broke through as it has not re-tested this zone yet. Just below this zone...
Gold is in somewhat of a range as it has been playing around fib level 23.6. Judging from multiple time frame analysis and supply/demand zones we are analyzing Gold to break last weeks low before rallying up maintaining a bullish environment ever since it broke daily support as highlighted by text. Targets for the bullish move will be last weeks high but price has...