I'm just thinking about possible scenarios for gold. what do you think ? I think we have a lot of room for correction, so I will look for a pull back sooner.
Just my options.
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The price of gold breaks its lowest high creating a bullish opportunity where it could take prices close to $2050.
We are currently in the sub wave 3 that seeks to finish the major wave 3 of a higher wave 3.
We find next resistance in $2027and support in $2007. The market structure is still maintained, which indicates stability for Gold.
The TVC:DXY ...
A rise from the November 2015 level of $1050 per ounce in Gold Spot may have ended at $ $2080 per ounce in May 2023.
Over the next year and a half, a correction to $1500 per ounce is possible. Gold may rocket higher in wave 3 after bottoming near $1500 per ounce by the end of 2024.
Initial jobless claims fell sharply. thus boosting the dollar. Gold fell $40. When I came to the 1943 line, the position stabilized in the short term. This is a giant buoy. There are risks as well as profits. This is a huge loss for traders who do not have good signals to follow. Possibly a bad debt. But members who follow my signals are making money. Because I...
ENGLISH :
Considering that gold has had a growing movement in the past weeks and is approaching its previous resistances, one should wait for the reaction of gold in the following weeks to the strong supply range that it has not managed to cross. Can it cross this range? If it does not cross this range, gold's advance support will be 1855 and 1800.
VAHID...
It seems a retracement has been started and the price can be retrace up to 130.800$ where we would probably have good short position.
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If you liked this idea or having your own opinion about it, I would be glad if you write it down in the comment section.
👤 Yazdan Ganjabi: @YazdanGanjabiTrading
📅 17. Jan. 2023
⚠️(DYOR)
Gold has 2 levels to go down ...the next 2 supply zones are good levels to go short after the current pullback complete its way.
but 1678.421 level is the golden level for huge drop with perfect R/R ratio..using smaller time frames to be in short trade is agood idea ...be safe...
The downward trend line drawn since 10 months ago is still strong. According to the fundamental news and the contractionary policies and the strength seen in the bearish candlesticks, the bearish trend line is broken in any direction and will probably advance as much as the height of the triangle.
I think the correction is equal to the height of the triangle...
HELLO GUYS THIS MY IDEA 💡ABOUT GOLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this...
HELLO GUYS THIS MY IDEA 💡ABOUT GOLD AUX is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason...
🔰I think the price can once again reach the psychological number of 18,000 and if it is not supported, it will fall to 14,000.
👤 Shahbaz Parsa : @shahbazparsa
#️⃣ 21 / 06 / 2022
⚠️(This isn't a signal for buy or sell)
