Bullish Divergence Spotted on GOld Rally begins.
Forecast: Gold Price all set hit the next target 1866 in both the session London and New York and then we can expect big pullback. we will share the pullback analyses as soon as we get the confirmation. Many confluence confirmed UPTREND Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis...
Gold's reluctance to close below an ascending trend line from March enables it to confront a 200-day moving average (DMA). However, the RSI conditions as well as the one-week-old lower high pattern favor the sellers. As a result, gold bears are targeting a fresh move below the previously stated support line, at $1,820 now, to revisit the 1,800 threshold. Though,...
Ascending triangle is formed i.e a bullish movement you can hold long position for big profit.
Forecast: We have gold that tonight reached 1802 and I wanted to show with you a possible very nice trade, so as you can see on the left in the chart that ranging was an accumulation of Wyckoff before going up to 1960 and what I am noticing now is that it is doing another possible accumulation and the drop to 1802 of this night was the second test in the second...
We think today or tomorrow again gold price touch 1800 level. But here you see two levels. First level 1827 near and Second level 1800. But gold price broke 1827 level then it going down 1800 level or this level (1827) to again up 1840 level and next touch 1800 level possible. But Our advice scaping trading now for this time.
Xauusd price Our forecast 1800 it come and today almost hit 1800 level. Hope you happy our analysis.
Gold just did the perfect breakout retest + 200EMA acted as a support + diagonal support. Additionally there is a long tail doji forming. If the follow up candle is green it could confirm a reversal. Watch this space for those who trade in gold. Would go long only once gold crosses 1860. SL below todays low which is 1800.
Gold made a low of 1802 against my target a of 1805. Now I expect gold to retrace to 1880-85 range which correspnds to upper channel level of downtrend as well as the 0.5 retracement of the recent drop. However I do not believe the down move has run out of steam and a retest of 1765 is likely and a possible move lower. Having said that I will leave with some food...
I predict the price of gold is destined to drop major levels in the upcoming days/hour.
gold likely to go up direction from this point.
Gold: Looks Interesting, Possibility of Head & Shoulder Breakdown
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Forecast: Price hitting the support and bounce back for the third time so high possibility to go up and break the previous resistance 1854 or will break support 1820 and go down (rare scenario). Many confluence confirmed UPTREND Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting...
Rejection at resistance zone as well as trend line.
FORECAST: Price third time reject previous support price and break trendline which indicator short term LONG setup and the expected target will be 1856 1865 & 1875, however uncle Fed's Powell speech is schedule today so we can expect crazy volatility in the session Many confluence confirmed UPTREND Thanks to all those who have followed me and liked my...