After hits the full target, now we wait to complete the small retest then there would be a sell opportunity again to 1800.
Then we can wait to break down below 1800 to reach 1787,after that it will be a great to think of Strong buy.
Coming weeks is very important to Gold. Before Christmas vaccine matter will be prevail and the risk of both short/buy go high.
My take on tonight up until LDN open, most likely a ranged repeat of the last few days, possibly a break out up or down mid way through LDN session but lets wait and see how the it plays out until then.
Im guessing cos of holiday week its gonna end up being pretty range bound, IMO 1800-1820, if one of these do break expect down to 1770-1790 before a bounce back up, or vice versa 1820-1850 before it comes back down ready for next week where i think the big bull or bear movement will happen. (OPINION)
What do you think???
My take on the next few months or so, The 1800-1810 mark will decide whether gold will sky rocket for the bulls or get crushed by the bears, IMO i think gold will bounce at 1800ish up to 1900 fairly quickly if we see this we can expect it to soar through the sky to the 2000s, if gold drops below the 1800 mark i think there is a high chance it will drop hard; ...
Overall before gold will go back up its gonna have to tickle that 1800-1810 market IMO, current trade entry at 1824, stop loss just under the 4hr (1820) low mark, exit and re enter short at the potential levels, (1836ish, 1848ish or 1865ish, until finally reach); 1810 where i will enter long postions with 5% trade stop losses in relevance to my margins all the way...
Mainly looking for a short position on this pair as the analysis is showing but make sure to get a bearish conformation in the highlighted area (as shown) before you enter in this trade. Please leave any feedback regarding my analysis would be much appreciated. Thank you.
Hello Guys! Let's GOLD these markets.
My view point on gold is that it will drop before going up
- Double top and false breakout are seen however when entering look at the price action carefully when entering.
- There is an unfilled order which I expect price to come down and from there price could potentially move up or down
- I see it taking the...
Gold is currently consolidating in the highlighted area before it plummets through the earth.. there is divergence across all time frames, and a lot of price rejection.
Gold usually follows the same patterns as oil so we can expect to see price reach an all time low ;)
Just wait to see if price breaks 1670.00 - then ride it all the way to the bottom
Gold currently loosley following a fractal from 2010...
At the current time it suggest a dip down to confirm the breakout from the bowl formed over the end of 2019
So short for some of February, then Long in say March onwards for next MAJOR leg up!
Currently (28/01/20) Targeting the W dip as per the white line and my previous published idea
The chart suggests that GOLD will regain upward momentum after hitting a well respected support zone (indicated in yellow) and possibly continue up to 1516.00 price points with the possibility to continue further into record highs.
However, due to golds volatility today the possibility of a breakout of this zone is looking more and more likely, which could be the...