If the candle (1 day) closes below the last one, I believe it will go down. Hit me up if you agree with me
Xau prompts to make an expected swing move rejecting from 2121...Eyes on the 2080 R-zone
Price broke out of my counter trend line around 2037. Trying to respect a major trend line around 2047. Nothing strange haha...just anticipating a retest to where the breakout occurred. Manage risk!!! EIGHTCAP:XAUUSD
The nearby reference in 2027 appears precarious and fragile, possibly lacking sustainability for potential buyers. Selling the asset aiming for the 1970 mark, could be a prudent move to secure profits along the journey. Remember to pay heed to your due diligence!
Hello traders ,what do you think about GOLD? The price of gold is fluctuating between this range. From a technical point of view, there's an anticipation of a potential decline to the designated level of 2030, followed by a subsequent range of 2020-2010. feel free to express your support through likes and comments. ❤️
Hello traders ,what do you think about GOLD? The price of gold is fluctuating between this range. From a technical point of view, there's an anticipation of a potential decline to the designated level of 1990, followed by a subsequent range of 1975-1965. feel free to express your support through likes and comments. ❤️
Hey guys what's up Brandon here - So I believe in buys for NFP on GOLD but I will not be trading it as I don't think it makes sense to take that risk. At one point in my tenure as a trader about a year or so ago - Every single NFP I was able to call and get it right and I traded 0\17 NFP events that I got right. It isn't worth it Quick gains can be just as...
For gold, I have two possible scenarios that could play out this week. As we've seen a huge impulsive move to the upside recently, we are now expecting price to drop in order to fill in the imbalances and take out the liquidity that was left below. Currently, it's in a very good daily supply zone that caused a CHOCH to the downside on (may 23rd.) Hence why I am...
Last week saw a lot of emotional buying of the market. While some short positions were not viable later in the week, there has now been a clear rejection from: 1) The higher zone mentioned prior: 2) The previous long term weekly H&S pattern mentioned back in August: In terms of current price action, it seems that an inverse H&S pattern is forming on the...
Gold is currently maintaining support 1923 After a daily retracement in 1936 We should be looking for bearish reversals
Another bearish week, another closure below a key level on the weekly. The close below 1917.318 is key because this was a previous level of support when looking back over the past 3 years. With this in mind, when we have seen the weekly candle close below this level there is a high probability of price driving down to 1873, with some resistance at the 1900 level...
taken sells on the 15m based on price potentially rejecting this area and continuing down on the 15m timeframe.
We are back into the range we were stuck in last thursday, based on this I would be cautious on taking any trades untill we get a rejection at the support or a close below the support so that price can continue down. until we see price make a decisive move, I'd be wary of taking trades in this range as it can get messy.
hey guys... As you can see in the picture, we see a bearish structure in gold. Because a character change has occurred and LL is formed, and after that a new LL is formed, which means the structure is broken. which is shown in the picture with the symbol CHOCH and BOS. So we have to look for the right range to sell. The first resistance range is on the way from...
1st day of the month and we are off to a cracker. We said yesterday that we can anticipate swing sells based on the monthly candle rejecting strong resistance and that is exactly what we saw. Plan remains to visit the low 1900s and even 1800s, after such a heavy move down beware of consolidation/retraces before price continues down.
Despite gold closing bullish for the month of July, Price action indicates bears are still in control and there are opportunities for swing-sells The reason for this is due to the fact that the 1970-1990 levels were rejected in the month, showing strong resistance is still intact and we can anticipate the support created at the 1900 level to be broken for a...
The breakdown of the higher timeframes continue, now onto the 4 hour timeframe. What we can see is whenever price closes below our sell level, price tends to continue down to our target level. White arrow shows our most likely price action path.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...