Price action analysis for Gold. Potential scenarios and trading recommendations. Directional bias, important patterns, and thoughts after yesterday's CPI data/ ❤️Please, support this video with like and comment!❤️
In one hour, the structure has changed and we expect a decline
Observing a slight reversal near the trendline in gold, prompting us to consider selling. However, please note that trading involves inherent risks, and decisions should be made with caution and proper risk management.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
Hey Everyone, Yesterday we hit the 2364 target completing this chart idea. This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips. If this level holds we are likely see another attempt at the levels above for a test should 2324 now...
Today on Wednesday, the market will focus on the CPI data for March and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is good for the US dollar and negative for gold. The specific data performance will depend on the actual data release. Let us see Will it dampen...
Hey Everyone, Another Piptastic day with our chart idea completed with our final target at 2364 HIT. Once again you can see how well our levels were respected in a range where no one has any existing levels to go by, but our averaged levels are being respected to perfection like magic!!! After yesterdays rejection into 2324, where price found support, as...
Here is my latest structure analysis and important key levels to watch on Gold. Resistance 1: 2350 - 2357 area Resistance 2: 2390 - 2405 area Support 1: 2300 - 2305 area Support 2: 2250 - 2280 area Support 3: 2194 - 2222 area Support 4: 2145 - 2155 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Mast use stop loss and be careful ❗️ This is simple zone for you gays please follow and like comments don’t forget
hello guy... let’s say it in the first place, it is not a short signal! as you can see the blue area is a potential area for getting a long position, why? because it is a S&D area and that specific area is on the flip level! if the price will retrace to the blue area get a long position right away! the target is the top line of the...
Hey Everyone, Great start to the week with our chart idea playing out perfectly. Once again you can also see how well our algo generated levels are being respected in a range where no one has any existing levels to go by but our averaged levels are being respected like historical levels. We got our Bullish target at 2338 hit and with momentum also 2353. However,...
Gold (XAUUSD) has been trading within a very aggressive (blue) Channel Up, which today hit the top of the logarithmic (dotted) 6-month Channel Up. If it is indeed symmetric with the first Bullish Leg of that Channel Up, then it is close to completing a +10.60% rise which should call for a 4H MA50 (blue trend-line) pull-back. As a result we expect a quick fall to...
I take the first step of the sell position on the gold chart at this point. I will enter the second step at 2330. My first target is 2190.
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between 2324 and 2338 on market close on Friday with 2338 open as a gap. This is a level of resistance and will need ema5 to cross and lock above 2338 to open the range above. Failure to break the resistance structure will open the retracement range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price challenge and break 2326 resistance with a body close gap opening to 2348. However, we have a detachment below at 2311 and will need ema5 to lock above 2326 to confirm and solidify the targets above. We have a retracement range between 2293 - 2274 and a...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. Our long term swing...
Hey Everyone, After completing all our long range targets, we are now seeing price break out of the ascending channel. However we will need to see ema5 cross outside the channel to establish another bullish run above. We also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a...
I have identified 2 potentially important horizontal resistances for Gold, applying harmonic movements analysis on a daily. Resistance 1 will be 2350 - 2370 area. Resistance 2 will be 2390 - 2410 area. Watch carefully these those, because we may see pullbacks from there. ❤️Please, support my work with like, thank you!❤️