Gold on all timeframes is a bullish scenario, but we have to keep in mind that we are 8 years old all the time high. There is not enough physical gold - the gold derivatives markets may have the same situation as oil, only in the opposite direction. If shorts can't deliver the bullions required by futures contracts, expect huge volatility and panic in the market....
X FORCE GLOBAL ANALYSIS: In our previous Gold analysis, we mentioned a high probability of a bearish case based on the bearish divergence on the daily. In this analysis, we zoom in to take a closer look at other bearish evidence. Analysis - We can first see that the two ascending trend line supports marked by the dotted red lines have been broken - The...
Long term vs short term Bullish momentum is favored in the long term through the formation of a cup and handle assisted with a H&S drawndown Bearish momentum is favored in the short term
i believe the price is making the wave 5 on 1d time frame as i marked it on yellow. i still need one more 12345 plus small abc to start sell cicle. this is just an idea and my wave count, let me see what you see.
Hello dear subscribers! In the previous chart, I indicated that the price will fall to a key level, and today it happened. The price will maintain its trend, however, it will try to gain a foothold at a key level, which is unlikely to succeed. The fall will be undulating, realizing the head and shoulders of the pattren. Good luck to you. If you liked this...
Monthly and weekly R4 roof (last week) breakouts. Last week´s R4 breakout continue the next week usually. Price pulled back to weekly pivot (as it usually does) and hit weekly reversal level S3. DM breakout projection (using daily chart ) sends price to weekly R5. PS Gold is a class of its own. It trends differently from other commodities ( oil , copper ). Huge...
Overall, Gold still be in the up trend but it found resistance zone and form a double top candle stick pattern. I use MACD to track OB/OS signal and also use reversal candle stick pattern to confirm short position. However, the overall trend still be in the up trend. Using proper risk and money management is a must. Indeed, you may use M30 and H1 for better...
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. After Gold has been bullish for the whole week, we can finally see a...
HI EVERY ONE XAU / USD reacted to its support line and will move upwards. Follow me. Stay informed until the analysis is done. HAVE A GOOD DAY.
After Complete Double Top Pattern or Broken the Top and form Mini Ascending Nature, then Sell on multiTouch Confirmation. ThankYou
Plan : wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do,...
HAPPY SUNDAY TRADERS! We are in the last week of the month and looking for some strong closes at the Monthly highs or lows across the markets. For Gold, we see that all MA' s point to the upside, however we can see a double top in formation, break in Daily Structure April 16th, 2020 and now a retest of a resistance zone. Our view is a short term sell to the...
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XAUUSD H1 As we can see market was on a strong uptrend move since 22 april and continuously moving up, forming HH and HL and now at the end of the week i.e., Friday market started consolidating inside a parallel channel. So as of now we can expect that market will fell down to the lower channel support line after hitting the upper support trendline.
Hello dear subscribers! The price of Gold can reach the resistance level, there is a sell zone. (this will be the best scenario) However, the price should fall to a key level. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.