After a massive drop due to FOMC and the rise in DXY gold seems to have found a base at the 618 FIB retracement level as well as previous shoulder support as seen in the chart analysis.
My expectations are for gold to rise to the targeted areas.
This is obviously not a quick trade and will take some time however good profit potential can be...
I can see gold following through from my idea in April.
As there keeps being news on the USD strenghtening and weakening will determine where gold goes next.
strenght of the USD may see gold to continue following through the trend and fall.
A weakening USD may see gold go back up to the current resistance causing a break in the trend.
Personally I have entered...
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This is my technical analysis of gold D1. This is not signal. This technical analysis of gold to help you the next possible move.
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This is only gold D1 technical analysis not a signal.
Gold is looking to break out of the consolidation pattern it has been stuck in for the last few months. Once this breakout occurs I would expect a similiar gain and time frame compared to last years bull run. This would equate to a target price of $2500/oz by June 2022, followed by another consolidation period.
Following from my chart posted on 13th April we have so far followed through.
This is only my analysis remember and anything can happen
I personally follow Lingrid and her idea is fall at resistance of 1770 and she is very good.
Lets see what happens now.
What does everyone else think?
I have put the areas where i expect it too risee too and fall from.
Completing a double bottom in recent price action has alerted the bulls in this market. I continue to believe that 1765 is a key level for price to not only test but to break if the bulls are to reach the 2k levels of 2020.
- Short term we see this going to 1765 with some momentum to the upside
- MAs are looking good but again, further confirmation is needed for...
Well on my previous gold analysis, I analyze price coming back to previous low, now price creates a double bottom and after that Bullish momentum was in the market. Which I can say for now gold is Bullish. Also if u check yah 1hr timeframe, u will see the head and shoulders price created, whichs kind of cute.
For me I think gold growth to the upside is finally...
The chart speaks for itself.
Who's in buys from these levels?
No TA in sight 👍🏼
There's numerous ways to trade to make money overall.
I just prefer the way that means I'm not getting tired and stressed with constant decision making.
Hope you're in and you've had a great week.