GOLD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Goldforecastnew
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD BULLISH AGAIN ?Hi guys
I want to share my own view for gold / xauusd
as we can see gold stuck @1768 which is trendline area on 8 - 1D timeframe
1837 area is important things , if gold still stuck and can't break 1837 as well he will continue bearish to the next support @1722
However if gold breakout @1837 he might continue to the next trendline @1908 maybe make Rising Wedge pattern as well
thankyou~
GOLD SIMPLIFY BULLISH SETUP As we can see
gold making falling wedge pattern on 4H timeframe , and potential inverted head and shoulder on 1H timeframe
which mean he will reversal until we got confirmation
the confirmation mean when he making high and higher low and then he making continuation pattern
however gold can be bearish if he still respect the previous resistance @1790
but if he breakout as impulsive trend he will going up at least reach 1860
comment your perspective below !
GOLDILOCKS AND THE THREE BEARSFORECASTING 2020-2021 GOLD PRICE MOVEMENT BASED ON FRACTAL FIBONACCI ANALYSIS AND CHART PATTERNS. GOLD ILOCKS RAN ALL THE WAY THE HOME. SHE NEVER RAN BACK INTO THE FOREST AND THE THREE BEARS NEVER SAW GOLD ILOCKS AGAIN...
Be careful traders. Gold to become highly volitile in the months ahead. We have a long-term long bias on the PM however, always mitigate losses and hedge you positions as appropriate.
Good luck! AMEX:JNUG AMEX:GDXJ AMEX:GDX TVC:GOLD AMEX:BTG AMEX:SILV NYSE:WPM FX_IDC:XAUUSD FOREXCOM:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY
Gold Bulls are ONSo the bearish ending diagonal in 15 minute chart is over , which is also the end of complex flat on 2 hourly chart. The Bullish trend has resumed, at least we are going to test the top of the sideways corrections from last few days ; 1210 .
The price action at that juncture will lead us if the prices are going to continue up or not.Have a good one , keep an eye on comments that I post on my analysis .
Thanks , please LIKE , FOLLOW AND SHARE.
GDX POTENTIALLY TO SET BULLISH GARTLEYIn the weekly chart the movement of the GDX last month continues to decline out of the sideways channel and the triangle pattern is bearish. Although there is a rebound after touching the support at 18.55, bearish pressure is clear as long as the index value is still moving in the formed downtrend channel, or the index value is unable to move up above 22.93 as the previous swing high. A downtred push has the potential to set Bullish Gartley pattern if the GDX value touches to the next support in the 16.62 area, meaning if the pattern has been fulfilled then the last point of the pattern has the potential to be a reversal zone, a failed pattern is formed if the price turns up and exceeds 25.71.
Gold Medium Term ideaGold broke the downtrend line on monthlies and almost a retest to that few weeks ago, my call for long around 1322 till 1359 met the target yesterday, but still I see lot of potential in Gold to move higher, On dailies it had ABC correction and then a nice rally with some consolidation and finally reached the target, In my opinion the recent low looks like a multi year low now, I am looking to build a longer term position targeting 1550$ by the end of this year,