if this pennant breaks in gold , it will be a great reward
perfect opportunity for gold sell nice harmonic chart in 15 min
The 4 hour right side is up against 8/16/2018 low (1159). 1 hour is turning down against 1739 high. Near-term, while bounces fail below 1739 high expect Gold to extend lower to correct the cycle from 8/16/2018 low in 3, 7 or 11 swings before upside resume. SHORT TERM SELL
Gold against dollar recovered from the lows month of April. The Journey towards 1800 is on . and the chances looks bright in this month of May. In the monthly chart ,it breaks the long term resistance of 1675 and spikes up.. but this week it expected to do small retest on 1657 and go higher..
1825-1850 easily possible. Reasons: 1. Rsi at oversold condition. 2. There's a abcd triangle pattern. 3. Gold is always precious.
Xauusd is shows strength with the Last kiss off the box..May this flag pattern will make this pair touches 1770 mark.. tries to end the month with higher price..
thats a historical chart, which shows gold will be @ $5000+ till 2025 ... if any thingcan be concluded from the fractal going from 2005-2011 ...we r exactly at the same place or we may see gold touching 1800-1900 in short run then consolidate to 1300-1450 zone & then again make a ride towards new life time highin end 2021 -begining 2022 & keep on increasing till...
Midterm forecast: While the price is above the support 1660.25, resumption of uptrend is expected. We make sure when the resistance at 1747.50 breaks. If the support at 1660.25 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1660.25 is broken. Technical analysis: A trough is formed...
This long term angled price zone act as support or resistance since Decmber 2020 and this time it may act as resistance expected to push the price higher to a price of 1825, at any cost if it breaks the resistance area price may see 1660.
ng fundamentals says buy , technical no clear story unless level cross
TVC:GOLD will gold break 1740 to move up 1800 it is continously getting rejected at this point we will wait for break out and again if it gets rejected at this level then again 1700 and 1600 range for long term i am bullish for short term there could a corectcion unless this breaks 1740
TVC:GOLD gold correction mode extended for a while i expect the correction till 1634