Multiple time frame analysis for Gold. The speculations about the next potential resistance. Trading plan, trading recommendations. Thoughts. ❤️Please, support my work with like, thank you!❤️
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement
"I am eyeing an opportunity with a target price (TP) set at 2308, coupled with a stop-loss point at 2158, indicating a strategic approach to managing risk and maximizing returns in the market. FundamentaI stiII positive for goId"
Many of you asked me to share the updated analysis for Gold. Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum: after a strong bullish impulse that the price formed last week, we see a contracting price action within a rising wedge pattern. The price managed to reach 2300 - an important psychological level. After its test, the...
Hey Everyone, Please see our 4H chart idea update, which was completed perfectly today hitting all our targets. First we had ema5 cross an lock above 2218 to open2238 and 2253, which were both hit perfectly earlier this week. Followed with a further lock above 2253, which opened 2269 and 2288 - BOTH HIT PERFECTLY FO RTHE FINISH!!!! We will now look at our...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 161.8% RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Gold is vastly overbought on its 1D technical outlook (RSI = 80.447, MACD = 42.840, ADX = 50.847) and the reason is that since last month's (March) breakout and monthly closing above the 2020 Resistance, it started a new bullish hyper Cycle. It is overbought on the 1W RSI also (74.802) while the monthly (1M) is only a fraction away too (RSI = 69.871). This is a...
Behind a strengthening background and a bullish scenario, it can stop at the upper price channel and Fibonacci congestion area around 2311. We can Short GOLD from that point to the 2130 area.
Hey Everyone, Once again another piptastic day for us on the charts. After completing all our Bullish targets yesterday we had the rejection into 2231 support followed with the bounce. We then advised that we will need to see a new Goldturn formation above 2240 to establish a range here for a retest on the levels above again. - We got the new Goldturn above...
Multiple time frame analysis for Gold. Price action & important key levels. Trading recommendations. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 61.80%
Gold surged above $2286 per ounce, marking yet another milestone in its remarkable ascent. This surge has persisted for two consecutive trading days, underscoring the enduring strength of the precious metal. The driving force behind this meteoric rise is the mounting anticipation of an imminent interest rate cut by the US Federal Reserve in June. Such a move is...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Waves Symmetrical Triangle in Short Time Frame
Gold's reaction to its own resistance range In case of failure, the next target area will be activated!
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above. We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two Goldturn levels, support at 2218 Goldturn and resistance at 2238 Goldturn. We have a bullish gap open now at 2238 and we are seeing ema5 challenge 2218 and will need to see ema5 lock above 2218 to open the range above upto 2253 and a...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a...
This week, Gold set a new All Time High again. Executing a Fibonacci analysis, I found the next potential resistance. Next week, pay attention to 2250 - 2255 area. It is an important confluence zone and the market may at least retrace from that. ❤️Please, support my work with like, thank you!❤️