DeGRAM | GOLD fall in several stagesBoth of my predictions came true.
First, the price bounced off the strong support and rose to the line 1731.14.
Then it broke through this line, consolidated towards it and continued to grow.
I expect that after the breakdown of the support line and growth, the price will touch the resistance of 1789.71.
Then it will start to fall.
Correct and eventually go down to support.
The target is 1694.14.
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Gold-short
GOLD touched RESISTANCE level. Next target - FALLLet me remind you of the price movement according to my last forecasts that came true. Initially, gold continued to grow and during the growth was able to break through the support line 1736.07.
Then it fixed on this line, pushed away from it and continued to grow, eventually reaching the resistance level of 1770.35. As we expected yesterday.
Now the price is at a strong resistance level. Despite the fact that over the past six months the level was broken several times, I expect that this time the price will stop and will not be able to break it during the growth. The reason is the lack of strong support for growth. I expect the price to fall to the support line at 1722.93. 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 touched RESISTANCE level. Next target - FALLLet me remind you of the price movement according to my last forecasts that came true. Initially, gold continued to grow and during the growth was able to break through the support line 1736.07.
Then it fixed on this line, pushed away from it and continued to grow, eventually reaching the resistance level of 1770.35. As we expected yesterday.
Now the price is at a strong resistance level. Despite the fact that over the past six months the level was broken several times, I expect that this time the price will stop and will not be able to break it during the growth. The reason is the lack of strong support for growth. I expect the price to fall to the support line at 1722.93. 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: has reached the first target and is ready to fallGold has come to the level of 1763.01. This is a fairly strong resistance level, which was broken through in February 2021. After the breakout, the price fell to the no less strong support level of 1677.63. After that, it made the first rebound, stopped at the resistance line 1743.36, and fell back to the level. And already having rebounded for the second time, it broke through the line and rose at the resistance level. Now we can expect the price to bounce off the level and fall again to support 1677.63.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Bearish Gartley pattern (4H) GOLDThe Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts that use tools like Fibonacci retracements, extensions, fans, clusters, and time zones.
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looking to going short as the gartley pattern is showing, the TP 1 will be the 38% of the retracement AD , and TP 2 will be the 61% retracement AD , SL will be the X point.
GOLD FIX at RESISTANCE level and FALLThe price of gold continues to stand still until it reaches the resistance line, as we expected yesterday. However, I am confident that the price will start moving in exactly this order - first it rises and then falls.
Recently, the price bounced off the strong resistance level of 1763.79 and then showed a weak downtrend. I am confident that before continuing to fall, the price will correct and touch the resistance level again. This will serve as a good hold. The price is unlikely to break through the level, since there is no technical support for this, and the world economic agenda is also relatively stable.
I expect that after fixing at the resistance level of 1763.79, the price will reverse and finally fall to the support level of 1675.91. 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 at resistance before fallingThe price is still at the resistance level of 1760.82, to which it came at the end of last week during the growth from the support level of 1677.45. Despite the fact that the price has practically not left the resistance zone for the last week, it can be expected that it will eventually fall (as it already happened from this level) and come to support at 1677.45.
Remember, there is no place for luck in trading - only strategy!
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STILL BEARISH SENTIMENT AND TECHNICALSMy bias is still bearish because the resistance from 2020 MAY ($1754) has still held the price to made a reversal.
As I mentioned before 4 HOUR chart made HIGHER LOW so that it could drop in within today or tomorrow.
Currently, consolidating between 1734-1738, for me, this is the selling area for most people.
If you see my previous analysis, you could understand the drops.
Still the first target $1724
Second target $1710.
Then it could start to rise.
GOLD: Bearish Continuation & Short Signal
GOLD
- Classic bearish setup
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 1728.35
Sl - 1761.57
Tp - 1678.39
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD first step - growth, second step - FALLIn July last year, the price broke through the strong resistance line at 1823.11 during the growth, reached its local maximum of 2070.70 and began to fall from this point. During the fall, a downward channel was formed, which the price broke only during important world events - for example, the US elections or the riots in Washington.
During the fall, the price came to a strong support zone 1673.22, where the trend line and the senior support line of June 2020 crossed. The price bounced off this zone, but after a few weeks it fell back to the line and consolidated at point 1683.93. After a rebound from this line, the price started a new growth and now continues it.
I expect that gold will continue to rise and stop only at the resistance line of 1773.59, after which it will reverse in the fall and come to the support line at 1699.98.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD: double tap and secure before fallingLast week the price touched the resistance level of 1765.77, from which the price regularly bounced up to this point (depending on the situation, either up or down). However, this time, instead of immediately falling, the price rolled back and now makes a correction. However, we can expect that after it the fall will continue and the price will fall to the support level of 1765.77.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD pause at RESISTANCE line and resume FALLAt the end of last week, the price almost reached the resistance level of 1763.79, after which it bounced off and began to fall.
Yesterday we expected a continuation of the fall and so it happened. The price has not yet reached the set goal, but has definitely approached it.
Now the price is at the resistance line of 1735.55, let me remind you that it was at this line that the price stood for almost two weeks in March of this year. However, last time she pushed off and fell to the support level.
I expect the same thing to happen in this case. The price tried to break through this line and rise to the level of resistance, but eventually stopped. I expect it to start falling now and return to the support level. So my final target is support level 1679.67.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD pause at the RESISTANCE line and resume FALLAt the end of last week, the price almost reached the resistance level of 1763.79, after which it bounced off and began to fall.
Yesterday we expected a continuation of the fall and so it happened. The price has not yet reached the set goal, but has definitely approached it.
Now the price is at the resistance line of 1735.55, let me remind you that it was at this line that the price stood for almost two weeks in March of this year. However, last time she pushed off and fell to the support level.
I expect the same thing to happen in this case. The price tried to break through this line and rise to the level of resistance, but eventually stopped. I expect it to start falling now and return to the support level. So my final target is support level 1679.67.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Gold saga continuedI am still short gold with my ideal price targets noted with down arrows.
You can see that price is retesting the neckline. If this 4h candle close below neckline it is a good case to continue short.
If this 4h candle closes above neckline I will likely close my short and look for another entry
Price is starting to get squeezed by the Hull MA so volatility is likely to increase.
Gold has broken out of its channel and down below the rising wedge .
My bias is still to be short. But as new evidence comes in this could change
GOLD reached RESISTANCE level, next target - FALLLet me remind you that last Friday we expected the price to start falling from the resistance level of 1763.79. And so it happened.
The price was able to break this level during the fall in the downtrend in February 2021. Then it dropped to the support zone 1675.91 at the intersection of the support level and the trend line of August 2020. The price increased from this zone, but stopped at the resistance line 1763.79, where it was stuck for almost two weeks.
After the start of the movement, the price returned to the support level, bounced back and touched the resistance again. We now see that the price is showing a slight downward movement. And I expect that now it will fall, break the support line 1697.21 and touch the support level 1675.91.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD reached RESISTANCE level, next target - FALLLet me remind you that last Friday we expected the price to start falling from the resistance level of 1763.79. And so it happened.
The price was able to break this level during the fall in the downtrend in February 2021. Then it dropped to the support zone 1675.91 at the intersection of the support level and the trend line of August 2020. The price increased from this zone, but stopped at the resistance line 1763.79, where it was stuck for almost two weeks.
After the start of the movement, the price returned to the support level, bounced back and touched the resistance again. We now see that the price is showing a slight downward movement. And I expect that now it will fall, break the support line 1697.21 and touch the support level 1675.91.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Gold testing 1728-1714 (back in limbo)Gold has found its way back inside my liquid box (1740-1733)
As gold failed to close over 1760 we now test some limbo lows of 1728-1714 levels in lewd of possible bottoms sub 1700.
this is simply a test as it perfectly rolled off my 1738 Q1 support line.
**Invalid if close above 1740.8**
under 1726 look for 1704 levels*
BITCOIN STILL SHORT SIGNAL - THIS ARE THE GAME OF WHALES - BTCHello trading friends,
The market at this moment are stable, we did saw before an increase trend above 60700 trend, and that make it for us still not an increase trend, as we expect that this are the games fo whales to short the trend in the coming time - our golden target will be stay on 56K
This is the game of whales, and we should understand them - most whales are from 8k into profits.
Why do we expect a breakdown trend on bitcoin?
we don't look for 1K change - we check where it will go into the next market move - and depending on whale data we expect a possible crash trend on bitcoin.
How did start all crash trends?
not with a stable trend - most time there is first a whale play with the increasing trend after that the trend starts to break down with free fall.
its a good idea to open a chart and check all before years - your eyes will see things that can support you into the next traders.
Can bitcoin increase further and break - we can't see the future if a new whale enters bitcoin - but what we can see are that the trend has a high possibility a way of breakdown trend since whale data shows that. we can count now the data and track the whales that already have history and trend trading acctive.
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Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly ( this are not trading advice)
---> Have a great day 😃
GOLD reversal in RESISTANCE zone and FALLThe price started to fall before reaching the resistance line, and at the end of the week I update the idea. Let me remind you that in April last year the price managed to break through the strong support level of 1675.9. After that, for some time the price moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt came at the start of the coronavirus pandemic.
After that, the demand for gold dropped and investors started selling it in large quantities, as evidenced by the global downtrend that has continued since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9.
At the end of March, the price started to rise from this level and eventually came to the resistance level of 1762.3. I expect that the price will not be able to break through this level, as the resistance line of August 2020 passes right there. I expect the price to fall, correct to the line at 1733.49, and then continue falling and return to support at 1695.30. This will be our goal.
Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD reversal in RESISTANCE zone and FALLThe price started to fall before reaching the resistance line, and at the end of the week I update the idea. Let me remind you that in April last year the price managed to break through the strong support level of 1675.9. After that, for some time the price moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt came at the start of the coronavirus pandemic.
After that, the demand for gold dropped and investors started selling it in large quantities, as evidenced by the global downtrend that has continued since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9.
At the end of March, the price started to rise from this level and eventually came to the resistance level of 1762.3. I expect that the price will not be able to break through this level, as the resistance line of August 2020 passes right there. I expect the price to fall, correct to the line at 1733.49, and then continue falling and return to support at 1695.30. This will be our goal.
Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD: reversal in bearish trend and return to supportPushing off against the support level 1677.45, the price was able to show strong growth and broke through the resistance zone (consisting of two lines in August 2020) 1733.65. After this breakout, the price moved up to the minor resistance line 1759.31, which was formed earlier this year. It can be expected that the price will fall from it, break through the nearest support again and return to the level of 1677.45.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD Extension of forecast: rise and reversal for FALLAs it said in its past forecasts, the price continues to rise to the resistance line in order to reverse.
First, the price bounced off the support level of 1679.67.
Then it continued to rise and broke through the resistance at 1738.56.
And now the price continues to stand on the position with practically no progress compared to yesterday. Nevertheless, I continue to forecast.
I expect that the price will continue to rise and will first touch the August 2020 resistance line at 1775.45. Then it will turn around and fall back to the June 2019 support line. So my final target is support line 1698.99.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD: we continue to expect an imminent fallThe price has not yet touched the resistance level of 1763.01, although it is getting closer to it every day. As you remember, this growth started from the support level of 1677.63. And this movement - the rise to resistance and the fall back to the level, the price repeats for the second time. Now we can expect that it will touch the resistance of 1763.01, after which it will fall to the level of 1677.63.
SL - 1793.64.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.