The commodity is breaking out from the head and shoulder reversal pattern on the hourly charts. The chart is self explanatory, trend which one can ride for a while.
copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50 also there is one trend-zone coming from higher...
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
In the world market, spot gold price on Kitco floor on August 19 (at 2pm, Vietnam time) traded at 1,889 USD/ounce. The world gold market was under pressure due to the increase in US Treasury bond yields and the USD index. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103...
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
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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.