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.
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 risks; seek professional advice before making any financial...
Gold Price fades bounce off an upward-sloping support line from late February by retreating from the 50-DMA hurdle, around $1,945 by the press time. Adding strength to the downside bias are the bearish MACD signals and a downward-sloping RSI (14), not oversold. With this, the XAUUSD is likely to break the stated support line, around $1,925 by the press time....
XAUUSD Price is still in range and waiting for CPI data for this week . To see a good move price need to break this range. More Info on chart.
Gold Price is in the accumulation phase and waiting for CPI, but price need a good ground to generate good move on CPI . More info on Chart.
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 4 💰 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 risks; seek professional advice before making any financial...
In Friday trading session we have seen a good bullish move but currently price is facing resistance near 1940-42 , so bears are in control under this resistance zone. More info on chart.
The last week, XAUSD showed weakness, but on Friday, due to an event , price retrace near to supply zone. There decided zone near 1956-1962, above 1962 closing we can see another spike up and the chance to reach to 1980-1985 or above. If 1962 does not break, then search for a selling opportunity to sell and test the 1904-1895
Bullish Butterfly In Silver Buy PRZ - 72638-72617 ( Activated ) SL - 72300 ( 15 mins candle close ) Target - 73450/73700/74000
Bearish Harmonics In Copper Using As Buy Opportunity. Sell PRZ - 783.6/786.6 SL - 799 Target - 755/745 If Breaks 799 then next PRZ - 812.4 SL - 815 ( Day Closing Basis ) Target - 770/757 If Breaks 815 then next PRZ - 863.95 SL - 886 ( Day Closing Basis ) Target - 802/782
Failure to cross a nine-week-old horizontal resistance drags the Gold price back an upward-sloping support line from late February, close to $1,920 at the latest. Adding strength to the downside bias is the falling RSI line and bearish MACD signals. However, the RSI line is below 50.0 and suggests bottom-picking, which in turn highlights the stated trend line...