Shared my anayliss on gold last week, check out my older post i will be attached to the bottom of this page, AshFX predicted the drop was coming!
Gold will keep dropping testing the 1890.278 level before making its next move,
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It is rare to see XAUUSD respect descending structure like this as it tends to be a pair that likes to move erratically. If the price continues to step down in a respectful manner, I will be looking to sell after the break and retest as illustrated. I will be closely monitoring the DXY if I consider trading this as it plays a huge role in golds movement. Now that...
As we can see from the daily time frame, ever since gold made that higher high we have continued to make lower highs.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will...
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1818.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI support #1 at 45 is not broken, the probability of price decrease...
Although we are seeing day after day of indecision and lack of volume on XAUUSD, price is still holding strong above the daily supportive region. To confirm long term buys I would like to see a crossover of the wedge trendline, until then I will be holding off from trading this ranging pair.
IG Client Sentiment Data - 80% Long
COT Data - 51% Long
You hear about so called gurus providing a magic strategy that uses 100 indicators and that costs you a fortune because they are greedy and want you to fund there luxury lifestyle... F@ck them greedy pigs! I am giving my strategy away for FREE! My strategy is as simple as it looks on my charts and is really effective. If you want to learn more then just send me a...
Gold Market structure 1H
Price was respecting the previous resistance that became support.
Price formed a Double Top and broke the trendline
Bearish pressure on the market
Currently on push phase - waiting to price to retrace to the key levels for a better entry.
Price is still respecting my 1924 level, price has touched this level and bounced the past 5 weeks and i am expecting more bullish moves as we have sustained above this level.
But as always in the markets you must be willing to change your mind and accept your setup was wrong which is what i will do if price falls below 1924. In trading holding onto a losing...
Time to cause some controversy. I would only consider buys on XAUUSD if the price breaks and holds above the key level I have marked.
This is simply technical, we have not factored any fundamentals when creating this analysis.
According to COT data source - 57% long
Gold is now at a crucial decision zone, I will be monitoring how price reacts around these levels marked and allow the market to show me the direction it would like to go in. As always, I expect severe manipulation on XAUUSD, so I will be allowing the manipulation to occur before considering any type of position.
According COT data source - 54% Long
Although XAUUSD is moving at a snail's pace we can see that price has pushed passed my key level marked at 1981, I now expect a slight pullback before further upside continuation.
Please view my related idea below so you can gather some more information regarding this trade.