A bearish double top pattern has been seen to be formed at the top level of the ascending wedge channel. Now, gold appears to be consolidating in a range. An hourly close below the support line @ 1710 would bring us to a SHORT OPPORTUNITY to TP1 @ 1695 and TP2 @ 1685 Remember to place stop loss orders, and FEEL FREE TO LIKE AND FOLOW IF YOU LIKE WHAT YOU SEE...
WELCOME TO MY PAGE, PLEASE SUPPORT BY LIKING AND FOLLOWING Gold has always been my favorite in times of economic downturn, it never fails to rise and I hope you guys get to capitalize on these opportunities in spite of the crisis. WE MAKE THE BEST OUT OF THE SITUATION Technical Analysis: H1 Timeframe shows us that XAUUSD had broken out of a descending wedge,...
X Force Global Analysis: In this analysis, we explore the evidence behind Gold's bullish and bearish scenarios. Bullish Evidence - We start with the chart on the left hand side, showing Gold's price movement on the 4H - We see a typical bullish pennant pattern, in which we consolidate within a triangle after an uptrend - Within the pennant, we can also...
This is the way i see gold, once again i say, every drop on gold is a good opportunity to buy. Good Trades and share your ideas!
We may have completed a triangle subwave 4 (truncation at the bottom?), as shown here in the blue count. In this case, W3<W1 so no extended 5 expected. Bearish count looking less likely now...
gold price moving in triangle and trying to break above the triangle always remember wait for trend to confirm and Retest is the key. well i am bullish and ready to buy gold here small amount only Buy retest of trend line
the bulls are in control perfect buy up to blue zone I'm expecting it to break through soon... stay posted
I think Gold is going to revisit the 1300 level in GDP, I am looking to enter longs between 1300-1320. Any unexpected event in the economy favouring Gold can put this off. I think if the market sells off hard into a deeper bear market, it could take Gold with it too, in that case the Gold could deep lower than 1300, which would be an amazing opportunity, however...
XAU/USD is ranging now, there is no direction certain for now. But if the price will hit the Key Level, we would be looking for a nice scalp sell.
Here is a scenario that would match the broader assets' bearish case. The subminuette 2 in blue is incredibly short in time which is quite an issue. We were expecting a flat within the yellow micro 2 but we are currently consolidating instead of dumping (to start subwave C of the flat).
Here is a scenario that would match the broader assets' bearish case. The subminuette 2 in blue is incredibly short in time which is an issue. We were expecting a flat within the yellow micro 2 but we are currently consolidating instead of dumping (to start subwave C of the flat).
A bullish flag pattern seems to be forming in the D1 Timeframe, currently possibly on its THIRD rebound of the bottom of the wedge. Short Term Opportunities to watch for: - A STRONG REJECTION AND REBOUND FROM SUPPORT @ 1680 --> possible LONG opportunity to the top of the wedge @ 1710 - A BREAKDOWN below support 1680 --> SHORT opportunity to the nearest support...
Trendline confirmations candlesticks showing the market being exhausted
We all should be looking at GOLD right now, and I’m going to tell you why. Keep in mind this is a Multi Time Frame Analysis , with no indicators , just the candles (I like to keep things simple). First, we see a triangle pattern here. In theory, it’s a continuation pattern, and the target of this trade would be near U$ 1,800 (coincidently, a previous top,...
After the last week trade idea for selling the gold. This week is still seems the same before we will witness the surge of new higher high of the gold price at weekend or probably next week. Currently see the price will fluctuate around 1700 and then retrace to 1670 area, before, again surge back to test area of 1750 and then create a new historical high when it...
Hello friends, as you see here a triangle known in the wave theory, so I expect a drop . If you wanna thank me, Please support my free analysis by dropping likes, follow me and why not you can comment as well :) IMPORTANT: If you want me to manage your account don't hesitate to contact me :) Enjoy!