Gold after a top in 2011, fell sharply and bottomed out in 2016. It traded in a range from 2013-2019 and broke out in the second half of 2019 started a trending move upwards. Though it fell sharply during the covid crash, it started moving up immediately showing strength but got a little overstretched and retraced 50% from the March low to the high. Now the price...
FORECAST: Price below EMA 50 and heading down, however, we will be waiting for a short pullback and will go short fro 1898. Many confluence confirmed DOWNTREND 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 to know more about the trade.
Although pullback from $1959 directs gold sellers to attack a confluence of 50-SMA and an ascending trend line from November 30, currently around $1,908, the yellow metal bulls keep the reins until the quote drops below a joint of 200-SMA and 61.8% Fibonacci retracement level near $1889. Ahead of that, multiple highs marked during late-November and December of...
After strong resistance facing at 1960, precious metal dipped hard falling directly to 1900 support. 1900 support held up nicely and price is currently consolidatibg around 1915-1920. Our price target of 1958 is just below strong resistance of 1960. If market bias changes and gold breaks 1893 support, our SL is placed neately below at 1890. As a start of the new...
After strong resistance facing at 1960, precious metal dipped hard falling directly to 1900 support. 1900 support held up nicely and price is currently consolidatibg around 1915-1920. Our price target of 1958 is just below strong resistance of 1960. If market bias changes and gold breaks 1893 support, our SL is placed neately below at 1890. As a start of the new...
Forecast: Price hit November month support and couldn't break it and starts making a higher high and lower low, this continuation says the strong bullish trend will push with NFP report tomorrow.
FORECAST: PRICE BOUNCE BACK BUT MAKING BEARISH MOVEMENTUM WHICH INDICATES STRONG BEARISH TREND BUT PIVOT POINT NEEDS TO BE BROKEN BEFORE TAKING THE TRADE
counter trend trade risking money for more pips
Above 1922, target open for 1930/40 Refer previous idea for context
OANDA:XAUUSD showed resistance near channel Trendline along with a bearish divergence.
Looks like the fall today made a Low around 1900, reclaiming 1910 and overcoming trendline resistance would open gates for 1920/30 again
the thing thats bothering me, when everyone is buying the big boys normally sell. also most of the traders have loaded up on calls and who writes those calls? I believe this is a shakeout, banks can't allow PM too go too high ATM with the number of calls sold by them. The levels to watch are 1898 and 1885. A drop below these levels is going to be negative for...
xauusd small risk , overall trend is up
Price as expected breaks the channel pattern and breaks the strong resistance and reached this levels as discussed previously. See this post Once again price reached the strong resistance levels and rejected big. We can take this as price retesting the previous breakout levels and it will gradually move up from here to break the strong resistance levels...
Gold retested trendline now boom time.