The Summer Short (Update) ... Or Long... ? The next day or so is crucial to see how the daily close is and if we come back into the zone or whether it closes outside the zones and begins to create a new one. Patience is key but my analysis for this update is self-explanatory. Do you think we could see 1950-2000 towards the back end of summer into august? Let me know your thoughts below..
Gold-short
GOLD FALL and leave ascending channelAfter the price broke through the support zone 1802.36, it rallied and reversed for a correction.
During the correction, the price fixed at the support line 1807.68.
And from this line it grew to the resistance line 1860.10.
This is a strong resistance line that is the main one for the downtrend that the price has been following since August 2020. I now expect the price to touch this line at 1859.19. After that, it will fall, break through consecutively: the support line of the ascending channel 1818.16, the support line of March 2018 of 1810.41 and the level of support 1798.86. So our final target is support line 1782.14.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD : from what point start selling?The price continues to rise - something that half of the market was talking about last Friday. The growth provides the support level 1765. 77. Now we can expect that the price will complete the growth at the resistance line 1853.86, which has stopped the price growth since August. After that, the price will drop again to support 1765.77.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD reversal in upward channel and FALLIn March, the price bounced off the support zone 1681.08 and after that started to grow in a small upward channel. Inside this channel, the price was able to break through the level of 1763.79, and then the two lines of March 2018 - at 1805.37 and August 2020 at the point - 1811.89. Now the price is at the resistance line of the ascending channel at the point 1820.73 and I expect a fall. The price will once again break through two strong support lines during the fall and move down to the support line of the 1767.66 channel. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD reversal in upward channel and FALLIn March, the price bounced off the support zone 1681.08 and after that started to grow in a small upward channel. Inside this channel, the price was able to break through the level of 1763.79, and then the two lines of March 2018 - at 1805.37 and August 2020 at the point - 1811.89. Now the price is at the resistance line of the ascending channel at the point 1820.73 and I expect a fall. The price will once again break through two strong support lines during the fall and move down to the support line of the 1767.66 channel. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: completion of the rise and reversal to a new bearish trendSince March of this year, the price has risen from the support level of 1677.63 to the resistance zone of 1800.01, where it reversed, started falling and left the trend, breaking through the resistance of 1781.75. After the breakout, the price continued growth with a large number of corrections. It can now be expected to touch the resistance of 1811.15 first. And then it will fall at the support of 1764.54.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD: will resume falling in a global downtrendThe price completed the bullish trend, broke through the line at 1782.59, bounced off the support at 1764.54 and consolidated at the resistance line at 1803.19. Then she resumed the fall again. Now we can expect the price to break through the level of 1764.54 and fall to the lower support level of 1726.97.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD FALL after false breakdown of RESISTANCE lineAs we expected last time, the price began to fall.
Let me remind you that after a rebound from the strong support line 1684.09 in March of this year, the price increased significantly and was able to come to the resistance line of August 2020 at 1780.51. For the last two weeks, the price has been moving along this line, making breakout attempts. But these are only false breakouts. I expect that after the last of these breakouts the price will return to the decline, break the line at 1763.89 and return to strong support. So my final target is support line 1717.34.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD FALL from resistance border of descending channelFor several weeks now, gold has not made us happy with strong movements, and all this time it has been moving in FALL. I continue to stand my ground and expect a bearish move. After all, the price, no matter how hard it tried, was unable to break through the strong resistance level. At the beginning of the week, the price was able to break through the strong resistance line at 1770.77 - it forms a strong downtrend at 10H TF. Nevertheless, the price came to the resistance of the falling channel 1781.72. Therefore, analyzing all of this is a great time to sell. I expect the price to fall. will break through the line 1768.24, fix on it and continue to fall. So my final target is support line 1754.77.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: return to bearish turn after breakoutElements of the chart that are important to pay attention to:
- trend line resistance from August 2020
- historically strong level 1760.82.
- breakdown of the resistance zone 1773.24.
After the breakout of the level and the turn line, the price began to fall. We can expect a new robust at 1760.82 and a fall in the trend to support 1683.23.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD : when to wait for the end of the price rise?The movement of gold continues to be unstable - with frequent small corrections. The price dropped beyond the border of the growing channel 1777.83. Then it pushed off the level of 1764.54 and rose again. It can be expected that it will return to the channel, grow to the resistance level of 1811.51, and then fall again to support 1764.54.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD: renewing the idea and returning to the fallOver the past day, the price fell and was able to break through not only the small trend line (since March of this year) 1774.55. But also the senior line of August 2020 and the resistance level of 1765.77. This may still turn out to be a correction to growth, but even in this case, right now, we can expect that the fall will continue to the zone of 1721.90.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD fixation in the resistance zone and fallGold has also been following a small uptrend since the beginning of this week, but already now we can talk about the cessation of the rise and the price reversal in the fall. Thus, my previous forecast is in the process of being fulfilled.
The reason for the price growth is the strong support level of 1675.91 from which it bounced off earlier this month. After the start of growth, the price was able to break through the support line at 1740.56. And then the level 1763.79. However, immediately there is a resistance zone formed by the level, the line of August 2020 and the line of March 2018. Therefore, the price could not break through the strong resistance, but turned around and began to fall.
I expect the price to consolidate at the 1763.79 level after which it will drop at the 1719.69 support line. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD FIX in RESISTANCE zone and FALLGold has also been following a small uptrend since the beginning of this week, but already now we can talk about the cessation of the rise and the price reversal in the fall. Thus, my previous forecast is in the process of being fulfilled.
The reason for the price growth is the strong support level of 1675.91 from which it bounced off earlier this month. After the start of growth, the price was able to break through the support line at 1740.56. And then the level 1763.79. However, immediately there is a resistance zone formed by the level, the line of August 2020 and the line of March 2018. Therefore, the price could not break through the strong resistance, but turned around and began to fall.
I expect the price to consolidate at the 1763.79 level after which it will drop at the 1719.69 support line. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD pause in RESISTANCE zone and FALLThe rise in the price of gold has continued since the beginning of the week, however, correction in relation to the main downtrend that has existed since August 2020. Having bounced off the level of 1679.67 at the end of April, the price began to grow. During this growth, it was able to break through the support line of August 2020 - 1737.17. After that, it fixed on it and continued to grow.
At the beginning of this week, the price came to the resistance line 1784.21. This is the trend line for August 2020. The price tried to break through the line, but the strong resistance level of 1792.36 immediately passed. Therefore, I am sure that the price will not be able to break through it and continue to grow. I expect the price to fall from this resistance zone, fix on the line at 1766.23 and come to the support line at 1713.65. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: a growing correction within a downward turnGold has continued to rise since the beginning of this week. Growth is not very active and nevertheless. This move is in line with a small uptrend from support level 1677.63 that started in March this year. A similar upward movement took place in December 2020. It ended with a collapse in prices and was rather a correction to the main downtrend. This time, we can also expect that the price will first touch the resistance of 1811.51, after which it will fall to support 1764.54.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Gold, Short, 1:15 Available.Good afternoon ladies and gents.
After several bullish days as anticipated based on our previous Gold Idea. We are now seeing a sell structure present itself.
After trading up into the D1 Bearish Orderblock. Price broke the bullish market structure to the downside on the H4, H1, and M15.
Price is now at a favourable area to look for shorts.
Objective 1: Low of the H1 Range.
Objective 2: D1 Bullish Orderblock in line with a H4 void refill.
At that point, I'll be looking for a reversal long in line with the HTF trend.
GOLD pause at RESISTANCE line and FALLAfter the price bounced off the support zone 1675.91 at the end of March, it was able to show strong growth. First, during the growth, the price broke through the support line at 1731.84 and fixed on it. After fixing on the line, the price continued to grow and eventually grew to the resistance trend line 1784.10. This is a strong line formed in August 2020. The price has been with her since the end of last week.
During this time, she made two attempts to break through the line. but no breakdown occurred. I expect that after a pause at the resistance line, the price will reverse and start falling. It will fall to the support line 1704.07. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: when to end growthThe price continues to rise since the moment it settled at the support level of 1677.63 at the end of March. After that, it was able to grow, break through the level of 1764.54. After the breakdown of the level, the price worked out the rollback and fixed on it. Next can now assume that instead of a rapid fall, we are still expecting a slight rise to the resistance of 1811.51. And only then return to blood 1677.63.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD false breakout of RESISTANCE level and FALLAs we expected at the beginning of this week, the price completed its growth and reversed its decline.
After the price touched the call support 1675.91 for the second time at the end of March. It grew, during the growth it was able to break through the support line 1741.46. After that, it fixed on this line, rose to the resistance level of 1763.79 and even broke through it. However, the resistance line of August 2020 - 1776.26 also passes near the level. And the price stopped growing.
Now it has moved down from the line, came back to the resistance level, and I expect that after that the price will continue to fall and come to the support zone 1688.69. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻