As I predicted Friday price came today to 2305 with massive 2 position Shortening. and further will be retracing 2290 aria. and will be back again to up trend further more. Assume that USA data will be favourable for gold without questioning,
Finally the rally was breaks and Hope it continues down trend from here , Specially Friday. As you can see it trying to go down for couple of hours now on
But this will not be as it seems , deep full back ahead from 1910, Double top performed though it resist to go gold go ahed , How ever the 1913 bill be wreaked momentum can be changed to up trend here on ward. still struggling with news but who knows news can be changed with another news Nah , Now it is H1, Oversold and will bring back down within couple of...
Examine the multiple time straps this is a trap guys... trend continuous downside as per multi frame analysis. 1890 coming within in couple of days most probably next weeks (hell who knows wall street speculations) but gut feeling I have here this is a bloody drama. This is a false breakout.
As you can see it was a great setup. Came with 30 Min support level with long wick and candle next to it confirms the up nicely. Indeed what a victory today. definitly it will break 1913 support
As it seems a quality Trade appearing on 4 hour chart @1960 "Long" Position
while examine the whole chart frames this is a false break out it seems to me While proper break out not showing analysis. But last week I predicted that it might goes to 1980. Will be down side within up coming day's. will Update here. This is a opportunity Short, and will be rapid one
As it seems with 30 min time frame (also with others )we are swinging again and again.(triple top) at least need to break the current weak resistance or Support level for again for massive u bars. Need to have an good supportive news from else where. Yesterday I saw massive thrust from Buyers but did not went quite well as expected. Panel trend goes to 94% but...
As it seems with multiple time frame False break seems in Gold . Should be return to the side way as it always does few weeks back due to no thrust even the USD was weaker. Even weaker state it flows USD high thrust with panel trend. This might be a small hiccup, might be turn in 1950 near and how ever return it back what it suppose to do. Also it doesn't...
Set up was smooth and confirmed. EMA was smoothly with the trend line and confirmed Buy . valla . And will be retracing back again to 50% more . 3 top formed and definitely another short forming now.
As it seems 30/60 Min three Upper hit rejection , most double top... hope back again Gold Going Down till 1910 Long.
Will be retrace again with new setup. hope it will go further as it seems. 1920 and 1930 will be support levels to be break again for up and down
My opinion is it will reach and descend 1800 series . what will be your suggestion's ?
As it is understandable that we are on a Dead Zone now. Either it moves till 2070 or 1700 both end 3000Pips. very critical at the moment for the gold I guess only reacting mid will be 1870 to 1950.
It should be possible to go over or beyond 1922 if US gives possible release
Hope that this is because of the cold war within US and Russia/China as they war at tug and war at this time