Gold broke its short-time downtrend and went up to the flipped Support level in 1930usd.
In this moment it is coming down. It can be a small retracment to start another swing to break the mentioned level or it can be just coming back from a failed break out.
So I personally prefer to see the today candle . Buying from Support area of 1910- 1915 zone can be a...
We have 2 trend lines.
One is the short-time uptrend in the daily timeframe that is broken and retesting in this moment.
2nd one is a monthly and weekly timeframe downtrend that is a bit upper.
I personally will be waiting for today daily candle and its reaction and close.
I will buy in case of seeing a pin bar here. The safe target would be around the upper...
Confirming last analysis we are in a very nice retracment pattern in Gold.
As we expected down trend worked and price came towards its last big support of 1861usd.If you are intraday trader note carefully that downtrend is still working and and high is just a retracment.
As you can see in my daily chart we have a nice unbroken demand zone 1790to1816 and a strong...
In my time frame (daily timeframe) the long term trend is uptrend but in this moment price is under the short-time downtrend and trying to break that. In the other hand we have a very strong S/R zone here(1912 -1917).
Last night thes zone kept its resistance situation. I think gold can't break this level unless comes down to 1916 or even 1799 zones.
We can wait...
EURUSD is top of its ema 200 and ema200 is pointing up. So in long time we are in uptrend . But in short time we have a downtrend line that had been broken and now that is retesting . We need to see the price action in this retesting try.
Even if it comes down, we have a very strong support in 1.17465 zone. I think we can have a retracment from current level at...
In this moment gold is stuck in a downtrend short time channle but, the EMA 200 is pointing upper levels and also price is above that.we are still in a long-term uptrend and its retracment.
Consequently, I preffer to scan my chart to reach one of my 3 key levels and then long in case of seeing confirmation price action signal. 1862usd is a support , if it got...
MA 20 and MA 50 has been touched by gold price in Daily timeframe. This happened just below the top of its downtrend channel.
In the other hand , we have up trend signal for USD index.
I think we will have a nice pinbar in top of channel and we can have downtrend for Gold at 1st to MA100.