After touch Demand Zone #2, Gold will try to do the correction to the Supply Zone #1. TP #1 1690 TP #2 1700 TP #3 1712
Breakout of daily structure waiting pullback and entry in zone
Hope all is well, Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets. Gold must close 1H above 1898 for continuation to the...
Gold H4 Seen some selling pressure on gold in line with DXY/USD strength, but we must bear in mind the other factors which influence gold price movement. Mostly its effect as a global safe haven and risk on/risk off instrument. I feel gold may find support here, some lower TF rejections would be good.
Just updating you about the trades that were taken today and their analysis that were made during the day, a video prior to this is of Nas100 analysis, if you haven't watched it ensure you do so.
Unfortunately the loss limit was activated But we sell again at 1898.5 sl 1902 tp 1801
Either gold will reverse right now and breakout or take support from the green trend line and then go to the red line and breakout. Reason: reason for gold to be bullish is the FED interest rate hike on March,22 which will create panic in the stock market and make commodities ( silver , gold ) bullish
- Breakout took place yesterday and our target was met, Beautiful Trade!! I hope you guys took profits off the market!! - Today I am expecting a pullback into the 1838-1843 area - FOMC could even do a deeper pullback 1828-1830 area - Target remains the same, 1860-1870 levels - Be careful trading FOMC, I suggest you trade after news, Don't blow your account and...
End of day update: We saw a strong resistance at the 1830-35 region as we suggested in the KOG Report and managed to get a nice short into the 1815, 1810 and 1800 levels. We’re now removed a majority of the trade and set the stop to entry just in case we achieve our lower immediate target of 1785. We are now looking for a small push up with the first initial...
In last weeks KOG Report we suggested we would remain bearish and would like to see a challenge on the 1795-97 price region during the early sessions of the week, and as long as the 1777 level held as support we would taking longs to target that level. We saw the price come down towards the 1772 level which gave a good opportunity to long the market towards the...
After a correctional bearish movement, it's time to grow, Gold! The price reached a key support and formed a cute double bottom on that! Buy! Please, support this post with like and comment!
According to my technical analysis gold remains bullish. On the chart I showed a long trade that I am planning to take next week. Let the price reach the entry level & then when until our goal is hit. Please, support this post with like and comment!
Reaching a key weekly structure cluster, silver shows very positive bullish reaction. With a yesterday's bullish breakout of key level, I expect a strong growth. Please, support this post with like and comment!