Gold remains very weak for 2 weeks.
Analysing a daily time frame, we can see that the market is consolidating and trading
within a very narrow range.
The last 4 daily candles are even trading within the range of a strong bullish candle.
That is a perfect example of inside bar formation.
Depending on the reaction of the price to the boundaries of that...
Here is my latest structure analysis for Gold.
Horizontal Structures:
Resistance 1: 2054 - 2065 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1984 - 1992 area
Support 2: 1965 - 1977 area
Support 3: 1932 - 1938 area
Vertical Structures:
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout...
Gold is recovering after a strong bearish movement.
The price is currently testing an expanding supply area.
I believe that we will see a bearish movement soon.
The first goal for the sellers will be a retest of a local low 1992.
The second target will be 1980 major support.
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Yesterday's US news turned out to be very bearish for Gold.
The market formed a high momentum bearish candle and violated
2 horizontal support and a major rising trend line, and successfully
closed below them all.
The broken structures compose an expanding supply zone now.
We may see a retest of broken structures with a consequent
bearish continuation.
Next...
Top-down analysis for Gold.
Important key levels.
Candlestick analysis.
Price action patterns.
Bearish outlook explained.
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Top-down analysis for Gold.
Important key levels.
Potential scenarios.
Your trading plan explained.
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Good evening gold gang! .. hope you have had a rested weekend and ready to attack once more.
OK we have a bearish closure below recent support on the monthly! this is interesting as the range below is super clean to push down. I don't give price predictions as anything could happen in the world at any point which will move gold in any direction.
So i just...
Good evening gold gang! hope you had a good weekend.
What an insane week last week with over 1000 pips in bullish momentum! we caught our fair share for sure.
The way i see it is we have 3 options here. Option 1 .. rally straight up to the 2000 from the open. Option 2 .. small retracement to collect some orders at the daily level before shooting up for the...
Whats up gold gang!! hope you're well
as suspected, price is ranging. DO NOT trade in the range .. thats how you lose accounts!!
I have marked my 2 areas im waiting to break for gold. Anything else is not valid!
Lets see what we get!! Please like and follow along for more
tommyXAU
OANDA:XAUUSD
I have been anticipating thing bullish move.I hope it goes beyond the 1860.00.
On the D1 TIMEFRAGOLD can reach the 1860s.
I hope the BUYERS will keep raising the price.
The bought low and SELLERS will have to dig deep to Sell this current price.
Yesterday (13th Oct 2022) Gold couldn't breakout Resistance 1681 and price has went down to sideway area.
Today, as we can see the chart, there are two scenarios:
Scenario A:
Price will going down to Demand Zone #4 and there is possibility will continue to demand zone #5 if the price breakout demand zone #4
Scenario B:
If price can breakout the Strong Resistance...
