There are some interesting clusters of price and time barriers coming up for gold in the next few weeks. It's worth being aware of where they are and what they might mean for the gold market. The first significant point is derived mainly from the range between the interim low labelled B and the high labelled C. This is a daily chart. Consider the following...
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Gold is noticeably retreating amid the positive progress in trade talks.
* Positive news from Brexit and US-China trade negotiations are enhancing investor sentiment - positive headlines boosts investor’s risk appetite. Particularly, on the US-China landscape, the talks are taking positive course as the negotiations restarted...
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We are gearing up for another 500+ pip week, dont miss out.
As for gold i can see some bearish movements taking...
Here is have Gold on higher TF, yes this maybe a retest however I would need to see some evidance before my mind is swayed for a sell... Maybe some engulfing or PA will convince me to sell further
On the Buy side, it seems like we need a big push up to make this a bullish Gold week but anything can happen and here I have marked it up clear
Always wait for...
Just an insight into lower TF, let price reach the levels you have set out and wait for price to react in the way you want or what your looking for, wicks essesially in this example and levels.
Pretty simple for in and out trades as it comes around quicker :P
Here I have Gold for the week ahead of the new month and heading into NFP week.
I'm expecting Gold to revisit the lower 1500 levels before a spring to the the highs of this range as Gold is still in a uptrend unless theres a break of the lower levels 1500's.
Lets see how price reacts after lows
Very important here to observe and not get FOMO on the higher tf of...
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Hi Traders, apologies for similar analysis to my last Gold post, but you cannot undo a posting of analysis you have posted, and I uploaded the wrong image on Gold sells. (Although the principal is the same, this is a little clearer). Here is my view on Gold sells. This should be temporary, before we see the bulls takeover. 1700 long is one of my targets for Gold :)
Hi Traders, here is my analysis for a potential on a Gold sell before we get the bull run. My overall bull target still remains at 1700, but I feel we will get a push down first before the long.Do you agree?
This was a pretty textbook set, which shows more potential downside movement before the bulls take back control of their precious safe haven go to. The market pushes 3 drives before a market reaction will happen. In the daily period separators, I look for the 3rd drive high and mark the fibonacci, from the highest wick to the lowest wick in that session to show...
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If we look at the chart we can see that price hit a resistance level and after failing to break this level bears look like they are in control and we are looking for price to make a run...
The previous daily buy zone (from last week) has confirmed itself as a resistance zone.
Caught the market on the way up with the buy limit TP with 140 pips now trying to catch it on the way back down for 150 pips!
Good luck and stay in the zone!
As I mentioned In my last post, I feel the cycle of Gold is accellerated similar to BTC and gold is becoming a tax heaven for BTC profits and some other factors.
Heres a side by side of the charts.... familiar cycle patterns? I think so, going on technical analyses Gold does need to retest but it isnt nessasry for it to happen now... Lets see what this week has...