After a long bearish movement Gold managed to stay in a sideway movements since a couple days. This indicates that there is bullish pressure trying to put a break on sellers. In my experience this can be a trap for early buyers. There is a big posibility liquidity grab may occur. At this moment gold is ranging between 1830 and 1818 wich has formed strong support...
Gold is still in a bearish movement. I expected gold to retrace from 1828-1825(montly low) Gold managed to give a small rejection but afterwards the fall proceeded. After the break of 1830-1825 support. Gold may fall as low as 1810-1805. This is were i will look for my last longterm buy. If 1805 fails and gold keeps declining under 1800 gold will drop hard and it...
Last week gold suprised us with a big fall. In my previous post i mentioned a bigger pullback from 1858 level. WE managed to catch around 140pips. My initial plan was to short again around 1885. Unfortunality gold decided to fall earlier around 1880. We have 1 week low candle waiting at 1830-1828 wich in my opinion gold will tap this zone this week. From here a...
After a very long decline in price, were and when will there be a proper pullback? In previous post i marked the support area off 1957-1960 for a posible pullback at this level. Gold reacted sharp to this level and managed to reject around 80pips. Eventually sellers will take there profit out the market right? So in my opinion this is at price levels were lots...
Goodmorning guys. Yesterday was a suprising day for gold. Gold kept declining and broke 2 bigger support levels without a sweat. Especially the 1885 support suprised me. There was almost no rejection at this Support level. Below 1885 it's a free fall for gold because there is not much support levels located. For now i am waiting for gold to retrace first. and...
In my previous post I stated that there is a posibily that gold will react to the 1905support/QM buy zone. It reacted scharp with a 60pips rejection. Congrats to those who took a buy there. After this zone gold fell again tested the psycological 1900level. During Asia session gold managed to fall below 1900. For now i think gold will fall towards 1895-1893....
In my previous post i mentioned that there is a posiblitity for gold to fall. Yesterday gold did fall below 1915(previous support zone) after a small retest(support becomes resistance)In my opinion gold will fall further towards 1902 area were another support level is and also QM buy zone(1902-1907)(higher high and lower low) 2 options. GOld will respect this...
Hi guys, Just a quick update on gold. Overall gold is still bearish in the bigger time frame. Gold managed to stay under the descending channel daily resistance wich there is also a strong resistance area located around 1930 levels. During market openening gold managed to reject at this level. In my opinion gold can fall back to 1915 support level or even as low...
GOld managed to fall to 1914-1915 area. This is were a support level is located. From here gold will climb toward 1930 area. If it breaks with confirmation. Add more buys. if 1930 holds it is posible for gold to fall from here again as far as 1900 and below. Although 1914 is buyers area. As long as 1928-1930 won't break were still on the bearish side off the...
Yesterday was a rough day. Gold managed to spike beyond the daily Channel(resistance) In my opinion manipulation occurd to wipe Sellers. Gold eventually fell back around 250pips. GOld is currently floating above support level. I think gold will climb first test the last high again around 1945 And fall from here. But there is still a untouched area around 1953 were...
In my previous post i instructed to sell in 1936-1940 area. BEcause of of fresh supply zone and also divergen wich created. From here gold managed to as low as 1928! around 100pips from our entree. Although there was a bullish trend from 1900's i was confident enough to trade against the small bullish trend. In M30 and H1 it looks like gold is forming a head and...
In my previous post i mentioned the sell zone between 1935-1938. Best is to short here guys and hold longterm with targets 1930, 1921 and 1895(swing target) Patience is key. >>>>
Lets see were gold is at right know. During Asia gold managed to climb till 1934. I anticipated gold to move a little bit higher and then fall(Around 1935-1938). But gold managed to reject at 1934 because of a smaller supply zone at this level. A well it indicates our zone was good for selling. Hopefully you guys managed to grab some profit. It is posible during...
After we got trapped at the neckline off the head and shoulder pattern. Gold managed to climb further to 1930 Resistance area. GAve a good rejection. Currently gold is floating around that resistance area. In my opinion 1930 level will get broken today. It has already tested 5 times in the higer time frame. Mostlikely break will follow. The next interest point...