Will GOLD continue to fall? Comment your thoughts!As we can see from the daily time frame, ever since gold made that higher high we have continued to make lower highs.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will look to target the next key level.
If we cant break it and we continue to reject the support level, we want to see this decending triangle broken and retested before looking to go long and target them previous highs.
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Good luck, stay blue,
Ash.
Goldstrategy
GOLD simple trade ideaBuy gold up-to the resistance price 1713(Break/Reverse) Then follow charts analyses after a break(Buy) or reverse(Sell).. Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
Daily GOLD forecast timing analysis by Supply-Demand strength24-Jun TVC:GOLD
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak buying flow to a strengthening buying flow again.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.5% (HIGH) ~ 0.0% (LOW), 0.5% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.1% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -0.6% (LOW), -0.4% (CLOSE)
What is the gold secret?If we trust the wave analysis, then the third and fifth waves are the longest and after them, we can see a long down fall of 50-70% after the price increase. The price has already reached its maximum and after continued to decrease, we can assume that we have extra 15-20 dollars of the price during the next 2 days.
XAUUSD @ 1h @ still upside while ECB & TRUMP start this week ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
Gold - Bounce towards $1,275 is nextOnce again I am looking at the weekly chart for gold which is oversold and close to very strong support around $1,190 - $1,210.
Of course the price action during the last 18 weeks has been disappointing but there is still a good chance that this is the typical deep retracement after the first up-leg in this new bull-market. In the next step gold needs to break the five year downtrend-line currently sitting around $1,325.
But below $1,170 - $1,180 the "just another bear-market rally" thesis is confirmed.. Remember my head&shoulder backup plan from a months ago...
In any case I expect a bounce to start from $1,210 next week targeting at least $1,275! Buy gold!
Golden heights - XAUUSD The future, predictedAfter the birth into a brand new not so shiny market, I can happily say a vast majority of our active clients listened well and entered into XUAUSD positions with our platform www.STBinary.com
Moving forwards we will see no doubt a large accumalitive growth pattern with GOLD. Uncertainty is king remember. Trade re-negotiation deals are coming. Scottish and Irish referendums are coming. German French and Spanish changes are coming.
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