Gold braces for the third consecutive weekly loss as it challenges a six-month-old bullish trend channel formation. That said, bearish MACD signals join a three-week-old descending resistance line to keep XAUUSD sellers hopeful, the nearly oversold RSI conditions and the key support near $1,928 stop bears from taking control. As a result, the metal’s further...
We saw GOLD Short Because, Gold Rising Wedge Breakout or Retest Complete,
Tomorrow, I will be expecting bearish move in anticipation of tomorrow data.
Today, i will like to talk about Gold which has given us quite interesting price action. i will be looking for further bearish move to a key support.
XAUUSD Plan this week, Conditions 1: Sell if test 2000 and if not able to close H1 above 2000 Condition 2: Sell if H1 breakdown 1968( Safe side 1965), Condition 3: buy only if H1 close above 2005 because if we look for buy near 1950 that level already re tested 2 times so buying there can be risky, or buy on breakout of Friday High and look for 2000 re test.
Today, I want to talk about GOLD which has given us quite interesting price action. I will be looking for LONG setup tomorrow which is MONDAY.
Toady, I will like to talk about GOLD which has given us quite interesting price action. I will be looking at the marked zone
A clear downside break of the nearly two-month-old ascending trend line and 200-EMA keeps the Gold price on the bear’s radar. However, the RSI (14) is drilling the grounds as it becomes oversold, suggesting little room towards the south. As a result, swings marked during March constitute a short-term key support of around $1,935. Should the XAUUSD drops below...
market higher time frame market convetred into bearish from bullish . and in 15 min time frame is still fully bearish trend .
Hey! you can see that channel pattern following by silver in simple ways. you can understand this channel in simple terms.
There is shown 1 hr chart small imb. And price showing small retrace it would be level of imb . Then sell position active
market again break down side and create break of structure now wait for taken out inducement for confirming lower low
This is my first video of market analysis ..will be consistent to post more analysis videos
Today, i will like to talk about Gold which ha given us quite interesting price action. i will be looking for BEARSIH move based on my analysis.
in 15min time frame market runing... in bearish structure and after break the low then break of structure confirm and move more down side
market is bullish and right now market slightly comes down to take inducement to confirm higher high and after inducement taken out it sweep the inducement and goes up and make new higher high.
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.