Goldusd
GOLD Medium term ViewAs anticipated previously Spot gold failed to break is major resistance around 1750 -1760 and fallen sharply from there.
Gold prices are now likely to test 9th March 2021 Lowes which is $1676
On the daily chart currently gold prices are trading in a downward sloping channel. If 1676 dollar is breached a test of the test of channel lower level is possible approx $1649
Also this week closing will be imp as we are trading close to 61.8 fibonacci retracement level of $1688
GOLD buy | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
1670-1690 is a strong buy zoneWhy am I so confident of 1670-90 zone..,
the same zone gave support 5 times earlier and it is the 6th visit to same zone..,
It is the zone from where 400 dollar or 25 percent upside rally started..,
And it is the zone of inverted head and shoulder breakout,,
Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top)
Buy the dips and keep accumulating..,
Stop on closure below 1670.., Below 1670.., 1530-60 zone possible..,
Gold Forecast (03/03/2021) - Prepare for the next movementBUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders.
Summary of the gold trading orders in February
Order 1: Sell at 1845-1840, TP 177x.
Order 2: BUY from 176x, TP 181x. I didn’t enter this order.
Order 3: Sell from 182x or Sell immediately when the price collapses at 1760. For me this is not considered an order because it’s unexpected. But some of you already entered this one, so I count it as the third order.
Good price zones to watch for now
SELL: 176x.
BUY: from under 1700 to 167x.
Divide times to Buy. For example, when the price goes down to 1700, buy a little. When it falls down to 168x, buy again and finally buy at 1678. If the price bounces back, we hit the jackpot. If it collapse, we hit the SL – close the position.
It may take time for me and you to enter the positions above. But the money is made from the moment we start waiting until we enter the position. After that, wait for the answer from the market.
I can wait a month just to place one order. It’s OKAY! Safety is what matters the most. And once I’m in, the TP level must be large enough.
USDindex
If the Dollar goes straight to 92.00 as I predicted, it would be possible that the gold price will drop below 1700.
Day-trading positions
According to the request of some people who like to surf, I give you 2 positions. If it’s right, enter the trade. if not, then stop.
Order 1: BUY - under 1720 - 30% chance to win. Here there is a support zone. When the price fluctuatés, find a safe entry point to enter. TP depends on you – SL at 1705.
Order 2: SELL - over 176x - 70% chance to win. Downtrend + the resistance zone = SELL. SL is a little bit far (200 - 300 pips).
GOLD "BIG GAINS"I dont know what to say, please see my all posts of gold, Gold sell call given at 52320 with sl of 52550 which was ascending channels high when i posted the chart previously, it made high of 52520 and touched the lower level of channel, infact it tried to make low around the level where the channel actually started, which was the final target of ascending channels breakdown. BOOM..