We have trapped liquidity holding at previous price points that needs to get purged. It is highly unlikely we will leave strongly away from a point In the market without capturing the most liquidity possible.
I would like to see a pullback into the zone marked followed by signs of rejection before I commit to buys into 1914.
A choppy week on gold sweeping liquidity back and forth from both the buyers and the sellers. The next move is loaded and ready, we just need to predict which angle it is going in.
From my analysis, it suggests that bulls will take control to begin the week. I am expecting a drive in the 1914 level before we look again to sell.
Between 5th and 31st March we saw that the Gold Market was in a downtrend but also indications that a reversal would take place due to a Double Bottom candlestick formation.
Reason For Trade Entry- Market Pullback followed by Engulfing Candle, anticipating that price will continue to rise.
SL is @Breakeven and TP1,TP2 and TP3 targets have been hit!!
Gold forecast for the week. Gold Has currently swept some liquidity on the daily. Daily is a large sell range which it has just broken today to make a new low around $1842. We have filled some imbalance on the higher time frames and we could see a pullback into $1800 before making another leg up. to new highs?
However short term price action, i believe in the...
Gold is currently in a strong uptrend with the next Daily Resistance Zone @(1951.640 - 1967.760). I will looking at this strong daily resistance zone where there could be potential counter-trend opportunities on lower timeframes.
Gold is been bullish for 2 months now.
On the daily chart, we see RSI showing overbought. We might see the price to relief.
On 4 hourly chart, RSI showing nice divergence while the price is forming a triangle pattern that indicates the price is coiling up.
It can move in any direction after a breakout. We don't care though.
IF the price goes up then great,...
This is a daily timeframe analysis and is my long-term prediction for GOLD. Currently sitting at a key zone to determine price movement direction after breaking out of my trend zone on the daily time frame instead of hitting the top acting as resistance and pulling back down. After the breakout, we've had a little consolidation period over the last day or two...
Gold sitting on a resistance level at the moment but having broken 1875, creating a triangle pattern.
Market is oversold and a correction is due in my opinion by next week or the following.
With the current price action I would think that it either touches 1900 and breaks down to 1800 for a 50 to 618FiB extension or breaks down now to touch 1850 then back up to...
Gold is at a key area of resistance which could predict the next big movement for the prestigious growth asset, Patience is key over the next few days/weeks whilst price action develops. Currently, we are at an ideal place for a SHORT down to the support zone around 1770 with a multitude of confluences and indicators leading to provide evidential analysis for a...
Gold create correction before hit fib 0.61.
After hit on resistance will going down soon.
Watch the Price action for bearish momentum.
If you have any idea leave comment below and dont forget like this post
We are expecting a huge collapse on XAUUSD to collect some of the imbalance from the bullish run.
I would like to think that 1858 could be the reversal point, fingers crossed we see a strong rejection from that level.
XAUUSD 05 05 2021
Gold continues to rise after a rebound from the support level of 1675.91. During the growth in April, it broke through the support lines: 1742.92 and the level of 1763.79. Then it rose to the resistance zone 1798.59 where the resistance lines of August 2020 and March 2018 intersect. Strong resistance is the main reason for the fall. I expect the...
Hi guys, it's being a while....
Well on gold price has been consolidating for weeks now, but with all we've seen price seem to be bearish. Firstly the H&S
Secondly price broke below the ascending wedge and price as retested the broken wedge, so basically we're focusing on bearish here.....
TP1 - 1735
TP2 - 1711
Thanks guy's, have a lovely week......
Gold has just started a new Uptrend ( Breaking of Resistance Zone 1745.057). Current price is @1771.945 with the next Daily Resistance Zone @ (1794.471- 1820.384).
There is a potential counter-trend opportunity on lower timeframes (H1,H4).
If price breaks the Daily Resistance Zone (1794.471- 1820.384), strong indication on trend continuation and I'll be looking...