- Broader Technical view of price action for the first 3 weeks of 2021.
- TA for the coming week... could expect same trading patterns first few days as previous weeks... Price action could make a Head & Shoulders pattern this week on higher time frame?
Note! Keep eye on the 10Y Yield... $Dollar might make a last low @ 89 and...
XAUUSD is aggressive and for that reason, I don't think price will continue bearish without a fight. I would like to see a final push up gathering the majority of selling liquidity before we see a significant drop into the key psychological level of 1800.
For a quite long period of time, I remain bullish biased on gold .
Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider.
After some stagnation and consolidation, the price has dropped retesting the broken trend line .
A positive bullish reaction,...
We are keeping a close eye on Gold. The exciting pair has pushed itself to the top of 1900 where it needs to break the resistance channel. All are in favour of Gold. Once the resistance is clear, xauusd is all set to hit the all-time top again. if rejected, bears will take the charge, let's see who blinks first.
GOOD GOLD SETUP FOR THE UPCOMING WEEK
Higher lows being shown (0) lower then (1) indicating possible trend to the upside!
I believe price will pull back to 1840 before some bullish behavior.
( Will update in 7 days to analyse the analysis which i will then post )
Have a good day.
Like and comment feedback is appreciated.
I can see a little push down before that bigger bullish move that is going to take price to HELL!
The reason is we are at 4H resistance so i am going to catch a few Monday morning pips to start the week off the correct way with a bowl of Gold coated cornflakes. This is a trade i will be watching closely though because if we do get the break of this level we...
Forecast: Price could push higher first couple of days if the same trading behavior is applied compared to the first two weeks of 2021. Keep also eye on 10 Year Yield and $Dollar for sentiment clues...
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action...
A double bottom has already formed on Silver 240 chart. We are waiting a green kicker candle for demand momentum confirmation.
Reward to risk = 1.4/1.
Enter around 1.21069 - Entry reason: Bearish engulfing .
Entry - awaiting green kicker.
S.L. is around 24.77787
T.P. is approx. 26.15417
Price as been bearish on GOLD, which raise the question maybe price will continue with the sell of or buyers will come in... Well with what I can see here price seems to be repeating it self here, which tells that there's possibility of seeing price moving bearish before we see the main bullish Run....
What do you guys think about Gold.
The Price action of Nov'2020 is being replicated. Market is looking to break the held support of 1863, allow institutions to enter for a strong short. at this time I can't be certain if the market will continue lower much past the 1800 zone due to the multitude of fundamental implications on the global economy right now. I do have a theory that gold's...
Forecast: Gold price action could push a bit higher, but it all depends on 10Y Bond Yield. Trade safe!
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
- Market sentiment
- Gold Shares, EFT's A-z