AGCL

AGCL

Bias Bullish As Daily Resistance is going to be break Energy demand is increasing Seasonal support

AGCL

ABCD pattern formation where C point exactly formed at Fib 38% where D point indicates 2080 level. Market Opening and Price Strengthening: The market opened with price strengthening and retested the level of 2055. The mood of the market suggests potential medium-term price growth. The correlation with the dollar is temporarily decreasing, and gold appears to be...

AGCL

Bias Bullish if break above 73.30 and stay 1-3 Hrs.' above mentioned trigger line then we can easily meet with prices at 78$ in coming days. 1.Symmetrical Triangle which is price continuation pattern. 2. Upper trend breakout will heat up bulls. 3. Most influential trigger line will be break in daily time frame at 73.30$. 4. Inventories short fall. 5. Seasonal in...

AGCL

Cup and Handle formation at weekly chart where Cup completed its task and Handle needs consolidation between 40,000$ to 47,000$. Upon completion of Handle then actual Bearish or Bullish direction will be confirmed on break out of Handle. Handle above breakout will lead price towards 65,000$ (Liquidity zone) Handle below breakout will lead price towards 20,000$...

AGCL

Initiated a Short/Sell position in Gold at 2038, driven by the recognition of an ABCD pattern formation, with the C point precisely aligning with the Fibonacci golden ratio of 50%. In addition, declining on the basis of fundamentals since last week, The price makes a false break of resistance and decreases by 1.7%. Furthermore, the current price levels reside...

AGCL

Reasons to Sell Gold 1. Break out of Distribution Phase (Wyckoff) 2. Declining phase 3. Bearish divergence Bears will remain in charge below last higher high (2046-2047) (Charles Dow) Disclaimer: The information provided on this platform/website is for educational and informational purposes only. It is not intended to be and should not be construed as...

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In simple terms, it looks like the market is showing signs of going up. The weakening of the DXY (U.S. Dollar Index) and support forming for gold below $2028 suggest a positive trend. The key level to watch is $2032 and the 0.382 Fibonacci retracement, which is significant for us. If the price consolidates near the resistance and breaks above $2040 despite a...

AGCL

1-H1 current price below EMAS 20,50,100,200 which indicates bearish momentum. 2- Fundamentally price will be bearish due to coming days FED rates announcements. Between December 11 and December 15, I anticipate a busy week, especially in terms of market dynamics. On Friday, there was a significant increase in the value of the dollar, causing gold prices to drop...

AGCL

1- Current Price on Monthly support and resistance 2- Potential reversal point as Month support. 3- ABCD Pattern formation where C point exactly form on 43800 $ which is Fib golden ratio. 4- Vice Versa if Month support break then Fall can be seen towards 42,400$. The ABCD pattern in trading is a technical analysis pattern that consists of four price points...

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1- Fare Value Gape which is expected to be filled at 2060$ 2- Price above EMA200 H1 if break then fall can be expected towards 2000$ 3- Bearish Head & Shoulder formation A bearish head and shoulders pattern is a technical analysis chart pattern that may indicate a reversal of an uptrend. It is considered a reversal pattern and consists of three peaks: a higher...

AGCL

1- Upper channel reversal 2- Strong Resistance Area/supply zone 3- Fare Value Gap to be filled Note: If you're observing a potential reversal in gold prices and a bearish trend based on a strong resistance area around $2052, it's crucial to consider various factors that may influence gold prices. These factors can include economic indicators, geopolitical events,...

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In technical analysis, the ABCD pattern is a geometric price pattern that is used to predict potential price movements. The pattern consists of three legs, marked as AB, BC, and CD, and it is completed when the CD leg is equal in length to the AB leg. The Fibonacci retracement levels, such as the 0.50 level, are often used to identify potential reversal points in...

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1-Bullish Order Block: This term typically refers to a price zone where buyers are likely to be present, leading to a potential upward movement in prices. Traders often use historical price action in specific zones to identify potential support or resistance. 2-Support Area: The range of 1920-1928 is identified as a strong support area. Support and resistance...

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It's important to note that I cannot provide financial or investment advice, and my knowledge is based on information available up to January 2022. However, I can provide some general information on the topics you mentioned. ABCD Pattern: The ABCD pattern is a technical analysis tool used by traders to identify potential price reversals or trend continuations in...

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High-Timeframe Analysis: Strong Bullish Trend and Correction After a False Breakdown: This suggests that there is an established bullish trend in the high-timeframe chart. A "false breakdown" refers to a situation where a price briefly moves below a key support level but quickly reverses, indicating a potential continuation of the uptrend. It's a positive sign...

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Harmonic pattern formation ABD where 1-AB Leg: The first leg (AB) is a significant move in the price of the asset. In the case of a long position in EURUSD, this would be a bullish move from point A to point B. 2-BC Leg: The second leg (BC) is a retracement of the initial move. The C point should occur at the 50% Fibonacci retracement level of the AB leg. This...

AGCL

Initiated a long/buy position in Gold at 1910, driven by the recognition of an ABCD pattern formation, with the C point precisely aligning with the Fibonacci golden ratio of 38%. In addition, escalating geopolitical tensions in the East have maintained Gold as a focal point of interest, given its well-established status as a safe-haven asset. Furthermore, the...

AGCL

Fundamentally gold sentiments are still bearish as there is much more supply available in bullion market therefore according to our expertise gold can easily drop to 1810 which is our TP