Good evening, I was saying it all through the New York session that the Gold price still has to break that 2531.65 level if price is to get another imminent retest of the highs set recently in the Gold price. You can see the Topping-formations in the charts & even a bearish Head N Shoulders might be still in play. But it does not end with Gold. Due to...
H4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 19 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. As previously mentioned, CHoCH was...
Hello traders and investors As shown here on my chart gold if breaks its higher level (2090) it will reach TP1 around 2200 and TP2 2550. so 2090 it is the key of all blowups Remember traders that i am not having a cristal ball predicting markets moves but i try to be more efficient and rational Good luck
The bulls have not yet won, but a rise above 1728 is likely to unleash new forces and trigger gains to 1740 and 1755. As we can see on the chart gold failed to break above the 1728 price level in last week, so this is the major concern for bulls, to come back gold need to breakout this major resistance level. Let's See What Happens Next Week
Gold H4 Yet again struggling on gold to break above this 1787 price, key sticking resistance region which ties in with our monthly key level. Some very evident S/R which doesn't want to break, really need to be patient and wait for the break and retest, as this is effectively our protection/confirmation. Additionally, the more we reject, the more cautious we...