As stated in last weeks forecast. Gold has been making lower lows and lower highs. Will this keep trending down? The probability of the monthly and Daily imb above @
$1770 - $1815 getting filled is highly likely. I will look for short term continuation long trades to this area. This was a petty corrective week on the HT's. I will wait to see how PA react to those...
Since vaccine has found. I never think gold will touch 1900.
In other hands DXY will grow up from long sleep.
Gold become as bad asset, due Bitcoin also as a Belle in this moment.
Please find consolidation price on red circle..
I know there is inflation will be happen. But not now, Gold possible in range about 1600 - 1850 for 6 month later.
Please like and...
XAUUSD now showing great support from previous resistance and rejection from the descending daily channel in which it has been tracking, thus now making the perfect place to place a long if we were to wish to play out the T-cup weekly pattern with a very big swing target
There is a possibility of temporary retracement to the suggested support line (1678). If so, traders can set orders based on Price Action and expect to reach short-term targets.
XAUUSD is in a downtrend, and the continuation of the downtrend is expected. as you see XAUUSD is in the bearish daily channel and as long as it...
We can see price is in support and formed 2 daily Doji candles which can be a sign of a trend reversal or a pullback.. Either way, I see Gold going up..
Will have to wait for confirmations on lower timeframes
I believe Gold is setting up nicely for a big rise. We can see it has been testing levels and making some nice supports for the rise. Since it reached All Time Highs in August it has retraced exactly to 0.5 Fibonacci then rose and has now retraced and tested the 0.382 Fibonacci level where it has found support again. If this support holds expect it to move to the...
Momentum is strong, anything below 1850 is a bearish call for me.
Vaccine news, many dilemas being solved, lockdown eases etc.
If you do take my trades, make sure you got easy on lot size.
I'll explain why I took this trade if it hits take profit... If it doesn't then you'll never know 😂🔥. Trust me, I have reasons why.
Stop loss is 50 pips, careful young bucks.
(This is not financial advise)
Have a good one
IMO if during LDN gold breaks 1800, could go as low as 1770ish if it doesn't and breaks out back above 1813-1816 i reckon it will then begin the uptrend but may not have enough power to plough through all the resistance levels still has potential though, ill be keeping an eye on 1826, 1845, and 1880 and if it manages all those 1900s en route...
I won't be explaining my trade once again, because Tradingview will always find a way to remove my trades LOL.
Follow onscreen instructions, if this works then happy days, if not then stop loss is 50ishpips.
Take profit is well over 120+pips (We don't play games over here baby)
*This is not financial advise*
Price has broken Symmetric Channel.
1925 critical zone broken.
1950 zone seems to be holding.
Daily Doji candlestick can be seen.
In order to reach 2000$, A little correction
is highly needed
IT CAN REACH 2000 within next week (Fundamentally)