Hello, according to my analysis of the gold market. There is a good opportunity to sell with the break of the ascending channel as shown by the analysis. We also notice the formation of a falling peak towards the bottom, which indicates further decline in the coming days. I recommend selling from the 2070 area, where the red triangle is located. Good luck everyone.
Here is my latest structure analysis for Gold. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures Horizontal Support 1: 2009 - 2014 area Horizontal Support 2: 2001 - 2006 area Horizontal Support 3: 1965 - 1977 area Horizontal Resistance 1: 2055 - 2065 area Horizontal Resistance 2: 2077 - 2088 area Consider these structures for...
Hey Everyone, Another great day with our chart idea update from yesterday playing out perfectly with 2030 hit on market open, as suggested yesterday. Yesterday we hit our Bullish target followed with the bearish retracement target and then cross and lock confirmed the swing range for the perfect swing into 2030, as highlighted on the chart - BOOOOOOM!!!!!! We...
Multiple time frame analysis for Gold. Price action & structure analysis. Potential scenarios. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
Hey Everyone, Fantastic start to the week!! We got the Bullish target at 2040 weighted level on market open. Ema5 failed to cross above 2040 confirming the rejection into the retracement range. Ema5 crossed and locked below the retracement range opening the swing range, which was also hit perfectly followed with the perfect swing, as highlighted on the chart...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between a central zone of two structures with 2042 and 2053 as the resistance levels open for a test and 2028, as the retracement test level. We have resistance at 2042 and 2053 for Bullish targets and 2028, as our bearish retracement target. We will...
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 range swing range zones also providing the bounces each time LAST WEEKS UPDATE Price...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting the channel dynamics perfectly. Last week we stated we were seeing price head towards 2043 and will need to see a break above this level with ema5 to open test for the range above or a failure to close above this level will see price...
Gold nicely respected a key horizontal support on Friday. The price formed a tiny double bottom formation and violated its neckline during the NY session. We can anticipate growth on Monday. Goals: 2050 / 2055 ❤️Please, support my work with like, thank you!❤️
Since the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week. In the event that price...
Hey Everyone, All targets HIT completing the chart idea for the week. 2061 was the last target of the range, which was hit yesterday. No candle body close above 2061 or ema5 lock confirming the rejection inline with the NFP release data. Price is now testing support and likely to find support in this zone. BULLISH TARGETS 2022 - DONE EMA5 CROSS AND LOCK...
Gold Prices Retrace Amidst Shifting Rate Cut Expectations: A Technical and Fundamental Analysis The precious metal experiences a decline as investors reassess the timeline for potential interest rate reductions by the Federal Reserve (Fed). This shift in sentiment follows the release of a resilient Consumer Price Index (CPI) report for December and hawkish...
Gold is neutral on the 1D technical outlook (RSI = 56.363, MACD = 190.210, ADX = 36.018) with a 4H RSI that turned overbought at 70.000 intraday. This just so happened to take place exactly at the LH trendline of the monthly Channel Down as long as daily closes under the R1 level (2,062.00), the medium term trend remains bearish. Two short entries are recommended...
Hey Everyone, Another awesome day today completing our chart idea with the final target at 2055 HIT!!!! Our ema5 cross and lock above 2033 confirmed targets to 2047 and 2055 and gave us plenty of time to get in for the action. We are now seeing price reject at 2055 and will need to see EMA5 lock above 2055 to open the updated Goldturns above. We also have FOMC...
Do not forget that today we are expecting FED interest rate decision and press conference. Gold will most likely react strongly to this news. Here are the potential scenarios. Bullish The market formed an ascending triangle formation on a daily, it is currently testing its neckline. If the price breaks and closes above that, it will be a strong bullish signal...
Hey Everyone, Piptastic day on the chart for us today with our chart idea playing out level to level with plenty of time to get in for the action by identifying gaps with ema5 lock. Yesterday we had ema5 cross and lock above 2022 opening 2033, which was hit perfectly completing 2033 target. We were then looking for the weighted level 2033 to cross and lock to...
Gold is bearish movement Gold fall will done my point view Gold is fall Frist use Gold buy from 2017 Target 2050 Theen use sell from 2050 target 2030 Wish you best Always follow the trend Gold frist Target 2050 Gold second Target 2030
FED rate is ahead. In this video, I will share with you a trading plan, Important key levels, price action analysis and trading recommendations ahead of the news. ❤️Please, support this video with like and comment!❤️