Gold is overbought on its 1D technical outlook (RSI = 75.650, MACD = 67.600, ADX = 69.434) and appears to be unphazed by the recent rejection at the top of the Channel Up that pulled back to the 4H MA50. This is basically a consolidation that can be evolved to a similar pattern with March's. It was the 4H MA100 that held it on an uptrend at the time and has been...
With the Iranian attack on Israel this night, Gold may open with a gap up. Before the market closed, the price already reached a significant intraday demand zone based on a support line of an expanding wedge pattern and a horizontal support. The closest resistance can be 2400. ❤️Please, support my work with like, thank you!❤️
Hey Everyone, Great start to the week with our first target hit at 2355 - BOOOM!! We now have a lock above this level leaving 2382 open. We will continue with our plans to buy dips and also keeping in mind our retracement range at 2312. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with 2355, as our Bullish target and 2312, as the support target. We are looking for a retest at 2355 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted structures with 2389 as the resistance target and 2326 as the support target. We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a...
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 term swing range zones have also provided the bounces each time. Last week we stated we...
Hey Everyone, Last week we stated that after completing all our long range targets, we were seeing price break out of the ascending channel. However we needed to see ema5 cross outside the channel to establish another bullish run above. The Bullish momentum last week helped clear some of our extended long range targets- BOOOM!! We also need to keep in mind the...
Gold for this week, there are 2 buy zones, first one starts at 2335$-2328$, the second zone starts at 2296$-2278$ these two zones have the potential to bring gold up to a target of 2497$. If the zone of 2335$-2328$ breaks with a 4H candle the downside scenarios will begin and it will be a reason of agreement between Iran and Israel and gold will go down to 2296$ ,...
Gold has been very bullish for the last two days but it went bearish from the last hours of market closing now we have two plans to trade with gold one is the sell plan and the other is the buy plan which will executed as it touches support or resistance
OANDA:XAUUSD Gold price attracts some buyers for the third straight day on Tuesday – also marking the tenth day of a positive move in the previous eleven – and climbs to a fresh all-time peak during the first half of the European session.
Update for Gold after a sudden drop from a random price level. Thoughts, technical analysis, predictions, trading recommendations. ❤️Please, support this video with like and comment!❤️
Hey Everyone, What a fantastic finish to the week!!!!! Yesterday we shared our completed 1H chart idea update and today we completed our 4H chart idea. We started the week with our first bullish target hit at 2348 on this chart. Followed with the lock confirmation opening 2367 and then completing the first range. We then had the ema5 lock above 2367 opening...
I rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties. Gold...
Here on gold price has made a reversal showing that the seller has step in so going for SHORT is needed and targeting profits at level of 2373.04
Gold is overbought on all long term timeframes, 1D (RSI = 79.774, MACD = 65.910, ADX = 64.635), 1W (RSI = 78.920, MACD = 78.590, ADX = 45.450) even on the 1M technical outlook (RSI = 72.546, MACD = 91.920, ADX = 43.804). This doesn't mean that a technical correction is bound to come soon but on the contrary that this is a very strong cyclical trend that is more...
Price action analysis for Gold. Potential scenarios and trading recommendations. Directional bias, important patterns, and thoughts after yesterday's CPI data/ ❤️Please, support this video with like and comment!❤️
Hey Everyone, Yesterday we hit the 2364 target completing this chart idea. This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips. If this level holds we are likely see another attempt at the levels above for a test should 2324 now...
I shorted gold with the risk reward of 1:2 or 3 I will book may half quantity at 1:1 risk reward and then I will trail my sl to the cost for rest quantity Wo ever is interested take this tread