Gold retraces 55-EMA and hold above 21-EMA if break down 21-EMA more down trend Gold trendline major resistance zone if breakout trendline more uptrend
Gold is currently sitting @ support levels on two different trend lines on the daily chart, as well as a down fib extension with a high % of trend reversal to the upside. If it bounces here I'll be looking for an entry on the re-test and confirmation.
#GOLD Futures Postional Long Idea Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any...
After the DOUBLE TOP gold finished its wave 1 and 2 . wave 1 has 5 waves and wave2 is 3 wave recovery but not up to 62% of wave1, therefore today's correction is considered as the beginning of wave3 wave 3 always be a swift wave , the first target is to bring the yellow metal to $1820 and if extended expect $1670 and finally $1407. wave 3 may extend upto 162% of wave 1 .
Gold sitting at the top of the Descending Channel presents a great short opportunity . I have marked all the levels going down to the bottom of the channel which were determined using Fib Pull from last swing high . Above us I have marked areas of resistance and it remains to be seen if we see a change in market structure but until then i favour a short...
SET ALERTS FOR GOLDS DROP TO THE BOTTOM OF THE CHANNEL , LOST THE SUPPORT OF THE 200EMA AT THE PRESENT AND THE DXY MAKING A BIT OF A COMEBACK HAS PUT THE PRESSURE ON GOLD . WITH THAT SAID WE ALL KNOW THAT THE FED JUST KEEPS PRINTING SO SET ALERTS FOR THE BOTTOM OF THE CHANNEL BEFORE FILLING LONGS AND WATCH THE REACTION FIRST . TARGETS ARE LAID OUT ON CHART ......
Probability: 80% Read Carefully The market will keep going up Take profit & Stop loss: montioned on the chart If the Green Candle Cut the TP line with Force => use the Yellow line as a Resistance + New Take Profit 2. If the Green Candle Cut the Yellow Line With Force => Use Orange Line as A resistance + TP3 and use the Yellow Line as a Support. Note: All...
Probability: 65% ( read it carefully) The market will keep going up ( swing) Stop loss: if the Red candle cut with Force the Red line ( i close the trade manually) Take profit 1 : Green Line ( manually) If the green Candle Cut with Force the Green line Then: Yellow Line: is our second Take profit 2.
Please Read it carefully Probability: - 80% for the TP 1 65% for The TP 2 55% TP3 The market will keep going up stop loss: The orange line ( close it manually) Take profit: If the Candle cut with Force the first resistance ( Green line) => New Take profit 2 , if not: Take profit. if the candle cut with Force the Yellow line ( TP 2) => the GC1 may touch...
Hello traders, The Gold Future is still increasing. GC takes each time an upward trend to reach a level (A, B, C, D) and after each one GC consolidates that level by a light decreasing trend or a trading range. Currently, after consolidating level D, GC will try to reach the level price of 1827. If there were important volumes of buyers we will record a new...
Gold Future is evolving inside a trading range. For intraday trading, we have now signals of buying; we talk here about the higher volume and the wick of the candle that assure an increasing trend. The GC will try to reach the Resistance R0, after breaking the VWAP. If we have high volume we could expect a break of that resistance, which means a new increasing...
Pattern: Channel Up since the February 24 Higher High. Signal: Bearish as the price reached the Higher High of the Channel Up. Once the trend-line of the bullish leg breaks and the price goes below Pivot 1, then we have confirmation. Target: 1650 (above Pivot 2) and 1575 (above the short term Support). * Note: This trend-line of the current Bullish Leg is very...