Hi Traders, I'm forecasting a long setup that will rally past the current high of 2075, and perhaps reach the 2100 level. If price hits our invalidation level, it simply indicates that this current wave down is not yet complete (it may end in a diagonal). Consolidation at current levels will confirm a long entry. Trade with caution and enter will small...
After the strong selloff from last week, a correction was not only necessary but healthy. Now the price reached 1900 resistance is rolling back I expect a new leg down for Gold that can drive the price under 1850 recent low. Rallies should be sold and only a daily close above 1920 would change my bearish bias for the yellow metal
Gold Forecast. Historical data present in Related Idea Below. March 24-June 2014. Daily Chart
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It approaches the resistance, if it is broken, it may head towards the descending channel. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will...
We are trading below resistance at 1898, a break of this level could see us long back up to 1905. I have highlighted a potential barrier along the way in the form of a resistance, however if there is enough volume, we can break that level. For buys to be valid, we need to form support above resistance. I am not looking for sells as I do not like the ranges to the...
Expect Gold to correct here upwards for short term and once it give us an up move to complete bigger correction. Make sure to keep moving stops once this up move is complete we will be looking for long term sells after. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns,...
Long from my green support zone that's marked on the chart. A nice simple setup with not much explanation needed at all. If you would like to know more about my simple trading strategy then give me a message.
Gold futures manage to drop through a key support structure as we anticipated and into the $1,855 level which is also the 100-day EMA. That is a key support level and prior broken top. The downside opened up on mediocre volume but so did the upside. We are now seeing a pullback as we enter the the $1,900 area. The prior broken low was the $1,920 area and now...
Hi all traders, This is a video analysis for gold. Gold is still making uptrend and we are testing the previous high of it. Take note of the levels that i have explained to you and hope you trade safe and make some pips from it. Cheers and thank very much!! ****Follow me on tradingview for more video analysis**** ****Like and share this video analysis with...
As we can see now, gold has officially broken down strongly of its trend movement. I will classify BULLISH strength when price level moves above trend resistance level and BEARISH strength when we see price level below the trend support. As of now, what we are seeing a BEARISH strength after that breakout from the trend support level. This brings me to the main...
Looking at the Gold Chart, there isn't much we could add. The chart says it all. We think that wave 3 in green is completed, and at the moment, the corrective wave 4 is underway. After wave 4, we expect the downtrend to continue. The target is the area at around $1800. Our scenario is valid as long as we do not reach prices above $1908. Should the bulls break...
We have a Buy Signal and the market may keep going up and achieve the target Risk/Reward=1.11 Good opportunity Stop-loss and Take profit mentioned on the chart
Breakout Range: Approx. 3300 Hurdle: 50600 level At present, gold is trying to recover the previous loss. The support level has broken (flat lower trendline), and it becomes resistance now. We may see the continuation of the downtrend from there. That could fall to the following levels: 49360 - 48760 and below. Lionheart traders can hold for 48000 to ...