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...
If you want analysis on more pairs leave the name of the pairs in the comment section Do like and subscribe
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.
See how this idea fits into your lockdown schedule!!! STAY SAFE & STAY TRADING
End of the month next week! Will GOLD drop? or will it break the 12 day old resistance? Gold has not broke its previous week's HIGH however it has broken its LOW. Signs of Bullish GOLD For the DAILY time frame, no RSI (RSI = 65) divergence formed yet. 1H to 4H RSIs are above 50 (still in momentum) What we saw last Friday might be a retest? Shorting might be risky...
Waiting on price action to reject TOP level and then shoot back down.
X FORCE GLOBAL ANALYSIS: Gold has shown weak bullish momentum for the past few days, after a huge rally from $1,450 levels. In this analysis, we focus on the bearish probabilities for Gold. Analysis - Around March 24, we saw a bearish divergence form on the daily chart - Prices created higher highs, while the Relative Strength Index (RSI) created lower...
Get ready to buy gold next week if the resistance level is strongly broken! The target is exactly 1825 $ .