Gold Hourly Chart is forming W Pattern .... Targets can be 62600 in Next Week With SL 60450. LTP - 61000. Risk Reward 1:3
Gold if short on my view can trail SL to 2060 OR can book partial profits
With Bearish COT Reports AND Weekly momentum down - Gold can be a short between 2030 to 2050 with a stop- of 2091 and a target of 1830-1875. My only concern is positive Daily Momentum. So strictly Stoploss Please
Hey! you can see that channel pattern following by silver in simple ways. you can understand this channel in simple terms.
XAUUSD/ GOLD Long Term Analysis. Gold price Might not cross 2100. Even if it could still very much chance to follow harmonic pattern.
As per price action, gold is moving toward the narrow range in this triangle and we can expect a good move on the breakout/down of this structure, the Positions from COT MM are not much favorable for bears right now and we can expect a sideways move for next week.
Gold price eyes the first weekly loss in three as it retreats inside a 15-week-old rising wedge. However, the 21-day EMA adds strength to the $2,008 support, a break of which will confirm the bearish chart pattern suggesting a theoretical fall toward $1,750. That said, the $2,000 psychological magnet will precede the multiple lows marked near $1,970 and February’s...
Here we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a...
Hello Friends, Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like...
Hello Friends, Here we have shared possible Elliott wave counts on 4 hourly chart of COPPER, in which we can say that still selling pressure may continue for some while, because now possibly we are in complex correction phase as wave ((w))-((x))-((y)), in which we had completed ((w))-((x)) and now possibly we are unfolding wave ((y)) in which subdivisions are...
Dear Trader gold Weekly Possibility so enjoy The Trade
On Friday, 5 May 2023, Gold price got rejected from the All-time high levels of 2050-2070. The drop resulted in formation of a DAILY BEARISH ENGULFING CANDLESTICK PATTERN as well as an EVENING STAR CANDLESTICK PATTERN at the ATH resistance levels, which shows sellers are active at this level. Checking out previous price action, the GOLD Price is trading in a...
SIlver Market Structure May 2023 || Complete Price Action
The price was expected to drop as the 2055 area was retested before. Easy break out sell and now waited for NEWS volume to do the rest.
Having refreshed a multi-month high on the Federal Reserve’s (Fed) dovish rate hike, the Gold buyers appear running out of steam as markets await the US Nonfarm Payrolls (NFP) data. That said, the quote’s repeated failure to provide a daily closing beyond an upward-sloping resistance line from late January 2023, close to $2,068 by the press time, teases the XAUUSD...
GOLD should drop to 2020 with news coming and also the 4hr candle can flip bearish but only if it respects the high of 2046.
Gold Daily Can start New Rally towards 66000 soon. Do your Analysis before taking any Trades. Happy Investing.
Repeated attempts to mark a downside break of the HKEX:1 ,980-79 support confluence comprising a fortnight-old symmetrical triangle, as well as the 200-SMA, keep Gold bears hopeful of posting a third weekly loss in a row. However, a six-week-long horizontal support zone around HKEX:1 ,935 appears a tough nut to crack for the XAUUSD sellers, especially amid the...