Forecast:
Last week price action breached February low and is now climbing back up. First few days of week 08, could see upside momentum to Fibonacci levels mentioned in the video.. As always have a chart open with 10y Yield and $DXY.
I'll keep you posted... Trade safe.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week....
my 2nd scenario for gold, i have posted a chart with a bullish outlook as-well.
will be waiting for confirmations before taking any action, Bulls could still pull this back, the MACD is very close to flipping.
let me know your views in the comments!
XAUUSD was in a clear downtrend last week, a good chunk of the long term buyers in the market would have now been wiped.
According to sentiment, the masses are buying this metal aggressively.
A supportive level was created at the 1770 region, we then saw a purge and revert after gathering buyers liquidity.
We also saw a purge and revert after pushing above the...
If you are interested in taking part in this challenge just drop me a message! This is where we take £100 and trade it to £10,000, we post the trades we take so you can also take them and follow us to 10k if you like.
As for gold price respected my 1969 level and also my 1789 level, i will be looking for price to break 1789 before taking more long trades, overall...
I can defiantly see more upside moves coming from gold this year and could this be the start of this next bullish run?
As you can see marked on the chart i have a level that has been used as very strong support and resistance before (marked out by purple arrows) Now price came very close to touching this level, so close i myself would class it as a touch 1769 i...
Remember my criteria: Safe trade - Only place an order at the price that has such a high winning probability that you are willing to trade with your precious money. If the market does not enter these price ranges, stand outside to save the money. Keep it and wait for the right time.
My account has no orders now. I shared 2 SELL positions last week: (1) 182x -...
Gold broke down a daily strong Support @ 1750~1763 which will be resistance upcoming days
A retest expected at least up to 1750 before the continuation to the down side
