GOLD starts new GROWTH from strong SUPPORT zoneThe last trading week brought us a very impressive profit, and all my predictions from the beginning of the week came true. Let me remind you - on February 1, we talked about the fact that the price will fall to a strong resistance zone and until Friday I extended this forecast.
During the fall, the price broke through the strong resistance line, after which it reversed in a small correction.
In its next step, the price continued to fall towards a strong support zone.
As a result, the price came to the zone, touched it and started a new growth, as we expected last Friday.
Now the price is in the process of rallying from the strong support zone of 1798.58. Let me remind you that in this area two lines of August 2020 and a strong support level intersect.
Therefore, now I expect the price to continue its growth and in the course of it will come to the resistance line 1850.07.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gols
GOLD +360 p. profit! Next - GROWTHThe last two predictions came true just perfect, bringing us a total of 360 pips of profit in two days! But let's remember how the price has moved since the beginning of this week.
After the price rose to the resistance zone it reversed and during the fall it was able to break through another resistance line formed in December 2020.
After that, the price worked out a small correction to the line and continued to fall.
And yesterday the price continued to fall from the resistance line and came to the support zone.
Then the price tried to break through this zone 1798.58. However, the breakout turned out to be false and now the price has returned to the support level. From this level, I expect the price to continue to rise and in the near future will rise to the resistance zone at the intersection of two lines.
So my final target is the 1849.20 resistance zone.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD ends the fall, begins to riseMy previous predictions are coming true.
First, the price bounced off the resistance level.
She began to fall towards the support zone.
Then the price broke through the 1843.73 zone and continued falling.
As I said, the price is fixed in the zone.
I am continuing my previous forecast + new target.
After the price has broken through the resistance zone 1843.73 it will continue to fall.
I expect price movement in two stages:
1 - the price will come to the support zone 1822.87 (crossing the line and the zone).
2 - will rise to the resistance zone.
The target is 1843.34.
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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 👩💻
GOLD FALLING and BREAK support lineWe continue to monitor the movement of the Gold price. The price moves exactly along the targets that I mentioned in my previous forecasts. First the price came to the support level of 1835.39 and bounced off it.
Then it corrected to the support line 1834.43 and continued to rise towards the resistance.
As a result, having touched the resistance zone of 1874.57, the price fell to the support line and is now within its limits.
I expect that the price will continue to fall further and will first break through the support line at 1841.35, after which it will consolidate on it in the area of 1849.52. And after that the binding will finally drop and come to the support level of 1798.58.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD FALLING and BREAK support lineWe continue to monitor the movement of the Gold price. The price moves exactly along the targets that I mentioned in my previous forecasts. First the price came to the support level of 1835.39 and bounced off it.
Then it corrected to the support line 1834.43 and continued to rise towards the resistance.
As a result, having touched the resistance zone of 1874.57, the price fell to the support line and is now within its limits.
I expect that the price will continue to fall further and will first break through the support line at 1841.35, after which it will consolidate on it in the area of 1849.52. And after that the binding will finally drop and come to the support level of 1798.58.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD touches SUPPORT level and returns to GROWTHSince November last year, the price has tried to form an ascending channel, but eventually broke through its upper line - the resistance line 1810.51 and left the channel and continued moving above it.
However, in early January of this year, the price collapsed and returned to the channel once again breaking through the resistance line, but this time during the fall at point 1860.06. During the last month, the price has been moving within the channel.
The other day it fell from resistance and made a false breakout of the support line 1837.32, which is the lower border of the channel. But after the breakout the price stopped at the strong support level of 1835.39 and now I expect that it will not be able to break through this level and return to growth.
I expect the price to bounce off the support level, break the line during the rally, and eventually come to the resistance line 1893.36.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD time to shortGOLD has shown us growth for a long time and is now approaching the upper line of a strong channel - a strong resistance line. Where I expect to go down to the support line. This departure should not be expected today, this is a forecast for the longer term.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
GOLD small correction and growthAfter good growth, Gold lost ground a little and went a little down. However, I think that growth will continue until 1780. Further, a small correction and growth to the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
HEAVENLY GOLDHello huyz and gerlz the gold lovers
The chalk board analysis says gold going moon
Why? Cus money love certainty especially when it is not so
Is gold a safe heaven really? Noooooo cus gold is rather useless in production economy compared to other metals
But who gives a f*ck?
So you Don't give a f*ck too
Tutorial complete go to next tutorial
Trading levels for 11/14/2018As we mentioned yesterday 6954 was our entry target, i hope you guys were able to capitalize on that move. Moving forward the market is pushing higher with some momentum, if the market breaks today's high we will have some nice selling areas, the first place to take a look it will be 6989 which is a resistance level from previous structure, as well as the 61.8 fib, and the 7000 round level. If price can break above that i will be looking to take a short at R2 which is also very close to a fib extension. On the other side of the equation we will be looking for a long around S2.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.