Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis on GOLD TVC:XAU 🪙 How this comodity valid for long term 📌 explained as per technical clearly 📌 #DYOR Note 👉 I am analyst and trader on cryptocurrency BITSTAMP:BTCUSD & stocks I don't know about comodity market much , but my friend asked to do analysis 📌 based...
USOIL big support zone coming up! Will be looking for long positions when price reverses! Let me know what you think! Trade with patients and manage your risk at all times!
So, we are back with another trend analysis and new support/resistance levels. We have had a major pullback from our latest resistance level of 3 back to around 2.8~. Which is fine, its natural. But I still strongly believe in a major bull run and upside in natural gas, which is why I believe we have to go higher, and we will in the last 2 quarters of 2023. We...
gold short hit resistance it's just my own idea gold short hit resistance it's just my own idea gold short hit resistance it's just my own idea
Hi friends, I hope y'all had a fantastic weekend! Today, we're looking at a possible bullish uptrend to the 2nd Daily Key Lvl and 21 MA. Reason being, the price has reached the previous mini bearish half a bat patterns 3rd level. Usually when the price has reached the level, it forms a reversal pattern to confirm it. So, we're looking at two possible bullish...
On an hourly scale, the gold prices are trading in a symmetrical triangle that signals a slippage in the volatility. The upward sloping trendline is placed from June 14 low at $1,805.11 while the downward sloping trendline is plotted from June 16 high at $1,857.88. The greenback bulls are defending the 50-period Exponential Moving Average (EMA) at $1,828.75....
Everything is on the chart. 🙂 🚀 Seems like TradingView wants me to write more about the idea.
This link shows that from Apr 2020 till Jun 2020 had strong support and went all the way all time high, which is 2075 resistance. At the moment Gold consolidating same support level like Jun 2020 on this cart and there is a bigger chance that we are in "Neutral Pattern"
following trendlines May bust both side
as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones i believe this commodity is under valued so...
i bought small position on the first area at 26 and will add more at the second area lets see what will happen SL 24.5
Target - green box Invalidation level - red line
GOLD has seen some tough weather lately. I think the pain is far from over. After producing a fake break out with a double top only two weeks of days ago, gold is falling again. It's to be expected that risk in the markets is going to decline with the inauguration of Biden soon, leading to a decrease in the demand for gold. I've marked two areas of potential...
TARGET 1 : 53.30 TARGET 2 : 52.60 Do you have a question to ask?
In the last couple of days, BRENT oil managed to break through an important resistance area around $53 (now the new support). Since OPEC's largest producer has decided to unilaterally cut down production, it's to be expected that other OPEC members will follow. Less oil produced = higher price, assuming the same demand. With corona vaccines being used all over...
Yesterday, Gold broke out of the channel which it has been following since early August. The break out was produced by a massive candle of more than +2.3% in a day, which is rare for Gold. Considering the prior, I see the commodity gaining more strength in the coming days, potentially rivaling the all-time-high in the near future. I've marked two areas of...