Our Level and Gann Box Worked Perfectly and also the Date range for bottom. The reversal made exactly from there. We are Still Long with Trailing SL :) A boost for Support Thanks
Price is trading in range on Intra day TF the range is 1885-1905 and from last 3 days price managed to close above the daily pivot and today also currently trading above the daily Pivot, so above daily pivot, there is chance for bulls to re-test the yesterday's high but overall we have seen that bears not giving any chances to bulls in any TF. to go high bulls...
Gold Price is still under bearish pressure and bulls are trying hard to break out the 1900 psychological level in bottomside 1985 is holding well on intraday TF. If you looking for a sell opportunity then for a Good decline wait it to break down the recent low or wait for rejection on High Volume areas. Buying is still Limited for scalping only.
Hello Friends Welcome to our Elliott Wave analysis of the Gold chart! This analysis helps us make sense of Gold's price movements by spotting repeating patterns. Think of it like finding familiar footprints in the sand. Imagine Gold's price as a series of waves. Elliott Wave theory suggests that these waves repeat in predictable patterns. We'll be looking for...
If Price Breakdown the trend-line support then next support is at this zone also if price breakdown from this trend-line then we can see some pullback/correction of price on gold
Gold Still under big sell pressure but as we have seen a steep decline so some retracement is possible but overall it is in bears control . More Info on Chart
🤑 Hold tight for the USD/CAD profit ride! We're breaking down recent moves (1-2-3-4-5) and diving into the next big thing: correction wave vibes! Let's jump into Wave ABC and grab those gains! 💰 🔍 What's Hot: Wave Breakdown: Let's zoom in on USD/CAD moves, spilling the beans on that slick five-wave setup (12345). Get the lowdown on each wave's style and how...
Please be careful with this pattern most of the time it gives false breakouts and sudden fall, sometimes it takes a retest and creates a bullish setup, if we see a rejection from the resistance level we can look for shorting opportunities, if we see a successful breakout retest and bullish confirmation candles then we can go for the long position. (only enter if...
Gold braces for the fourth weekly losses even as a one-month-old falling support line defends intraday buyers. That said, the recovery appears elusive unless crossing the 200-SMA level of around $1,940. Even so, multiple tops marked since late May, surrounding $1,985, constitute a strong resistance for the bulls to cross before taking control. Following that, a...
Chart Speak itself , currently on major suport , breakdown will result in more decline.
Chart Speak itself , currently on major suport , breakdown will result in more decline.
Gold Price extending the decline cylce and cleary it is under big sell pressure and no sign of bulls in any time frame . As per PA next major support is 1870
On Intra day time frame the current Wedge pattern is main concern as price is trading into this formation and respecting both trendlines,to see a good move price need to break this structure
Breakdown from consolidation in the downtrend. looks like the lower supports will be tested and the momentum oscillators are also in the bearish territory.
AS Gann Box and Fan Performed Perfectly Now, I am Expecting 10-14 Feb Silver Bottom. Let See New Box Updated and Angles for Downward. :) A boost is a help and appreciation.
Big day Ahead as everyone waiting for the CPI Data ,as per price action gold is trading under sell pressure and not able to break this decline cycle and we do not have any confirmation of buy in any time frame .So those who looking for buy better wait for good rejection or wait for data ,after CPI if we can see big move(as per past history 400+ pips is normal in...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risK BCOZ ITS AN part of trading word .
Gold Breakdown from important support level and currently trading under that, so more decline is possible under this zone, to go high bulls need to re-claim this area. More Info on the chart.