Traders, The title says it all. Let's take a look at why another pullback could be in the cards.
OANDA:XAUUSD breakout below the short-term rising trendline is calling for a deeper pullback to 1960 and below
Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69. Please be advised that the information...
Gold needs to go back on to your radar, not only has the market halted at the major resistance 2070/91 (2022 high, top of the 12-year up channel AND Fib extension) BUT it is threatening to chart a key monthly reversal. Should we see a monthly CLOSE below last month's low of 1949 this will be a key month reversal. For a likely top, these happen when a market...
Not only is the market struggling to overcome 2000 (3 failures now), but we have a large #divergence on the weekly RSI, which depicts a loss of upside momentum. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or...
The strong rebound from its long term moving averages continues to suggest the bull move remain in charge. Longer term targets are the 1960 recent high and the 2070/90 region, which is the high we got back in 2022 and also the top of a 12 year channel (see monthly chart). Disclaimer: The information posted on Trading View is for informative purposes and is not...
The key week reversal and break of a 2-month uptrend all point to a deeper sell-off for the gold market short term. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has...
Significant loss of upside momentum on the daily RSI suggests that the gold market is vulnerable to a correction short term, you may wish to tighten up those stops. The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory...
Gold has met its initial upside target of 1782 (measured from the base 1702/1622). It is, we believe, merely consolidating its gains. We do like to look at Fibonacci retracements in conjunction with the cloud to work out the short term levels of support. While these hold we will maintain a positive bias. Disclaimer: The information posted on Trading View is for...
Gold based recently at major support and tested the 1615 area 3 times. This only served to reinforce the support (55-month ma, long term channel mid-point, 50% retracement) - see my video from October 17th We have over the last few days severed the downtrend that extends back to March. Attention is on the early October high at 1702 - a close above here will...
We are in consolidation mode around the 1615 zone, this is the 55-month ma, a long term Fibo and the mid-point of a long-term up channel. The market has recently failed at the 55-day ma, so it has not really done enough to suggest that it is ready to head higher either. So not a market to get excited about yet, but one that really should go back on your radar...
oil drove to $100 due to fear of supply with Russia invading Ukraine. This is the first time oil has hit $00 since 2014, so of course it will not just bust through like we all wish it would. The market needed to correct itself first, pulling back to $90.50.on the 4hr time frame you see a fakeout of the trendline, indicating oil is going to push up some more. it is...
continuing from yesterday's setup. wanted to wait on a better confirmation, i see bears arre trying to take over the market from bullish wick exhaustion. going to let gold push up a little more, i'm setting an alert to enter the trade. selling near the trend line
Daily/1h multi-timeframe analysis. Trading recommendations & directional bias. Please, support this video with like and comment. Thank you!
Daily/4H/1H time frame analysis on gold. Price action, patterns, structure discussed. Bearish scenario explained. Please, support this video with like and comment! Thank you!
weekly and daily time frame analysis on gold. price action and different reversal clues explained. support and resistance levels identified. Please, like and comment this video! Thank you!
My view on Gold! Very good counter-trend trading setup.