GOLD in flat The gold price is working out the support of strong accumulation. Gold goes to retest the resistance, since the trend is downtrend, I think that the price will continue to fall after a false breakout.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Gold-short
GOLD sell from flat resistanceGold has returned to flat and the price is directed to the upper border. You can trade from the channel borders along the trend, and since we have a downtrend, that is, all the chances of making a profit
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD false breakout The gold price made a false breakout of the consolidation support. If there is no reaction and no growth, and gold starts to fall, in this case, I expect a breakdown and continuation of the fall. My goal is to support 1740.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD break downThe price breaks out the lower boundary of the accumulative flat. I expect a continuation of the fall along the trend after the correction and consolidation relative to the consolidation support. Target - level 1680
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Gold: Waiting for better Long PositionGOLD is consolidating inside the Bearish Pennant.
Expecting to finish the wave count at around 1789/ 1792 and continue down to 1753/1755.
Hoping to find a good support there, if not 1730-1740 area is next big support off the main Trend line.
This is my view based on what I have observed as of current. All constructive comments are welcome.
Disclaimer: This is not a financial/ Trading advice.
GOLD consolidation below RESISTANCEGold is consolidating below the resistance zone, which suggests a further decline in the value of the metal. Also, consolidation is taking place between two strong levels of support and resistance, I expect the price to fall towards the global low
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD down after consolidationGold continues to be flat below the rising channel. Globally, we returned to the borders of the downtrend. I expect an exit from the consolidation down, when it is not clear yet, but the key point is at the bottom. Target - support 1737.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD fall after CONSOLIDATIONGold stands still after a strong fall and moves in a narrow range from support to resistance. Since there is no reaction to a false breakout of 1764, the instrument enters a retest, I expect the price to fall even lower. Target - current levels - 1725, 1678.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GLD ForcastThis most likely course for gold to take over the next week. I believe GLD will fill the gap, test TL, and then be rejected and break down lower. Scalping up to TL, and then Short will be the positions i will be looking to take. I dont believe that Gold will be a safe bet in the event that we see a 5-10% correction in the overall market.
Gold to Fall furtherGold hit a key resistance at 1900-1910. a reversal was imminent.
The fall is not over yet.
You can see a rising wedge, which will reverse downwards.
Expect gold to reach close to 1850 before more direction.
We should see 1865 within this week, this coincicdes with Bond yields which are likely to rise.
GOLD will descend to SUPPORTThe price does not go above the resistance zone; after yesterday's growth, it corrects back under the zone. I am expecting a drop in the value of the metal. My target is support zone 1864.5
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Long and short bias for up coming weekObviously overall gold still in an up trend, as price broke out of the weekly/daily down channel. If bull continue the upside run 1950 will be a next stop. If price wanna go for a retrace for a better price to continue the bull run, hourly resistance will be a great opportunity for a short position.
GOLD: False breakout and fallGold has broken through the resistance of the global downtrend channel. I suppose that after the distributive movement, consolidation is formed at the level, we are waiting for further reaction, I expect the price to drop to the support level of the local ascending channel.
GOLD shortThe price is now in the resistance zone - a strong level + resistance line, which is the upper channel line. Despite yesterday's attempts to go up, the price held back. And now I am waiting to go down - to the lower border of the channel.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻