GOLD New correction. Next - FALLAs in the case with the previous pair, after the gold came to the point 1818.41 it stopped at the position and the last days it has been moving without obvious deviations in the direction of growth or decline.
The price consolidated at the resistance line.
Started falling to the support line and got stuck.
I suppose that now the price will reverse in order to work out the correction and once again the resistance line will be closed at the point 1838.93. Then it will fall to the support call 1798.58. We wait for the price to rise to the resistance line and then open a sell trade.
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Gold-short
GOLD +240p profit! Continues to fallGold has worked out perfectly for my 10 forecasts in a row!
First, the price touched the resistance line - August 2020.
Then she fixed herself on the line with two touches.
And yesterday it fell from the resistance line, having already brought us 250 p of profit!
Now the price continues to fall and I extend my yesterday's forecast. Namely, I expect the price to complete the fall from the strong resistance line, break through the 1798.58 support level and eventually come to the 1794.80 support line.
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GOLD consolidation on resistance / FallThe price is holding at position 1848.75.
It is located near a strong resistance (level).
The price broke this level during the downtrend, which has been continuing since August.
From the support of 1789.70 in early February, the price rose to resistance.
Since the beginning of this week, it has been holding at the level before falling.
I expect a fall from the strong resistance level of 1848.75.
The price fixed at this level.
The next step is to fall to the support zone (intersection of lines).
The target is 1776.38.
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GOLD: the beginning of the bearish movementIn recent months, the price has been moving in characteristic stages: growth-collapse-correction-growth-collapse-correction. At this moment, the price has already passed the stage of the collapse (February 2-4), then it showed an increase. Now, you can expect a slight pullback after a period of growth. after it - a new collapse to the level of 1792.48.
Remember, there is no place for luck in trading - only strategy!
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USDCAD - Sell BiasFollowing higher timeframes such as Daily & Weekly, we can see that USDCAD is in a strong downtrend. We were looking for a breakout of the structure and for the price to come and test these key areas. We saw a weak move through Asia and price is now hovering around our entry. Price could break out of this zone and move to a bullish side, we'll just wait and see what price does around London Open.
GOLD +250 p. profit! Next - FALLMy previous prediction came true perfectly! And this is the eighth consecutive forecast that is coming true. But let's remember the last three in order to clarify exactly how the price moved in the last days.
First, the price broke through the strong resistance line and began to fall in the direction of support.
Then it touched the support zone 1798.58 and after a small false breakout it started a new growth.
Yesterday you and I expected the price to rise from this zone to the resistance line.
As you can see, the price passed perfectly along our target. Therefore, I extend my previous forecast and expect that after the price touches the resistance line at 1848.75 it will fall back to a strong support. So my final target is support area 1798.58.
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XAUUSD TO 1815Wait for a close below 1859 before entering. This analysis is a similar move to price action from the first few days of February 2020. Market most of the time repeats itself & this market structure is setting up nicely for another bearish move. Technically & fundamentally the move makes sense as the DXY & USDJPY , which correlates negatively is gaining strength which works as a confluence to my Gold sells.
I will be cashing into this move on behalf of my Account Management investors.
GOLD: Market of Sellers
Here is our technical outlook for GOLD.
Our analysis is based on purely technical outlook.
According to our drawing GOLD reached a strong supply cluster.
Based on our view the price will go lower
to the underlined demand level.
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Gold downwards trendI drew this fork in October, still intact.
Orang man out, vaccines in. Metals will now be confirmed dead, until we go into a recession/depression due to the new debt.
All money into stonks.
It bounced off the fib I drew, so may go up short term, maybe back to 1830, but the downwards trend will remain intact.
GOLD FALL after breaking the RESISTANCE lineSo gold continues to move in line with my latest predictions. The movement unfolded in two stages: first there was an increase, then a fall began.
First of all, the price bounced off the support level.
Then it rose to the resistance line, which has existed on the chart since August 2020 and, having touched it, began to fall.
During the fall, the price was able to break through the resistance line - at the moment the support was broken - and now it continues to fall.
I continue to expect the price to fall, especially after it has broken through the resistance line and consolidated on it. This is a good sign to move down. I expect the price to move down to the support zone line at the intersection of the line and the 1804.00 level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLS: short setup on 1D chartGold is working out the third wave of corrective movement in the process of falling in the context of a global downtrend. The levels are formed by the adjustment points. Now the price inside one of them is 1859.06. The price also approached the border of the downtrend. A correction will take place to the line 1883.05, break through the level of 1859.06 and go down to the next level 1820.68.
Remember, there is no place for luck in trading - only strategy!
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GOLD comes to strong resistance/ FallAfter the collapse in early January, the price returned to the resistance level again.
The growth was based on the support zone.
Strong resistance level existing from the beginning of the chart.
The last touch was in 2011.
The first breakout of the level occurred in the summer of 2020.
In January, the price collapsed and broke through the resistance level of 1866.83.
It moved from the level to the support zone of 1826.32.
Now the price is again at the level.
I expect that from strong resistance it will fall to the support zone (zone + line 2019).
The target is 1822.67.
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GOLD will return to support zoneThe main support for the corrective price movement is now the 1826.16 zone.
It was formed in December and gave the price a resource for growth.
Then, after the price collapse, it came to the zone in early January.
Bounced back and came back, consolidating to the zone last week.
After the last touch, the price started to rise again.
Broke through the support line 1846.98.
Then it came to the resistance of 1857.58 and moved in a downtrend.
The price is at the upper trend line, resistance 1855.23.
It came to the line after correction.
I expect the price to fall from the resistance to the support zone (zone + trendline).
The target is 1822.23.
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GOLD continues fall to support zone Gold continues to fall as I said in my previous forecasts.
It first pushed off the resistance of 1858.38.
Then it broke through the resistance level 1850.30.
Additional reasons for the fall:
resistance line since January 2021.
I expect that after the price fell from the resistance of 1857.37, it will continue to fall.
The price moves towards the support zone (+ line of December 2020).
The target is 1823.32.
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GOLD breakout level/ FallThe price started to fall, as I said last time.
Today I will analyze the chart in more detail to confirm the fall.
The price is at another strong level at 1850.30.
There is also strong resistance near the level.
A line formed in the spring of 2019.
Together they create a strong area of resistance.
After the breakdown of the resistance zone 1859.30 during the growth, the price slumped on it.
Then it first broke through the resistance line 1856.27, and then the level.
I expect the price to continue falling and come to support.
The target is 1803.99.
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GOLD waiting fall to level/ Buy.The price is at the resistance line 1854.42.
She will not have enough resources to break through the line during growth.
I expect the price to correct to the support level.
This is a historically strong level.
The only breakdown of the level before this situation was in 2011.
The fact that the price broke through the level in July 2020 is an important breakout.
The level provides strong support to the price.
I expect the price to fall from the resistance line 1854.42 to the support level 1798.84.
You can start buy from the level.
SL - 1775.16.
TP - 1874.88
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GOLD start new fallAs I said in the previous forecast, the price reached the resistance zone and began to fall.
Gold broke through the 1862.02 line, first during the rally, then during the fall.
Now the price is near the line 1857.92.
I expect that after the price breaks the resistance zone 1859.86 it will fall and come to support (the upper line of the falling channel).
Target - 1806.97
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