If we can break the 2335-2336 zone and hold i will be looking to enter long with target at 2350s. This is not at advice you should always follow your trade plan. Stay safe in the markets.
Gold Prices React to US Dollar Correction Amidst Diverging Central Bank Policies The US Dollar, which had recently scaled six-month highs against major currencies, is now undergoing a correction as central banks across the globe adopt contrasting stances. The Bank of Japan (BoJ), with its steady policy, has injected a sense of calm into the markets, while the US...
Gold rebounds further from a two-month low, reclaiming the $1,950 level during the early European session and breaking a two-day losing streak. The Gold price is benefiting from a slight weakness in the US Dollar (USD) as traders take profits following its recent surge to a two-month high. However, significant upside for Gold remains elusive, at least for now, as...
I don't know if this idea is crazy or not. But as a speculator in the financial markets and based on the theory of the contrary opinion. I like to always go against collective thinking. The mass and the experts are convinced of an imminent recession. So for me the GOLD I don't see it Breaking highs this year. Maybe I'm wrong, maybe not. But that's what I see today.
Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions...
Probability 1. Consolidation between $ 1685 to $ 1700 to break the resistance of $ 1785 Probability 2. To break the last resistance of $ 1785 and go up to $ 1880 - $1950 while maintaining the price Probability 3.The Gold may still correct a towards $ 1600
Here my idea on gold, looks like price is forming 5, wave 4 were formed for a abcde flag pattern which is a very good signal, currently i will looking for a new sell entry once the wave 2 of 5 finish around 1885. If the price reach 1885 i will looking for my entry till the green zone down there which is the 127 fibo downtrend level around 1745.
Wait for reversal-pattern, then, take it. This is one of my main ideas. I re-analyzed: Market geometry Quantum-waves Fibonacci-levels Elliot's waves Harmonic-patterns Bitcoin's behavior Ring-harmonic-pattern Gann's fan ... Etc. If you have any ideas, you can share them in the comments, see you!
Entry was at 1875. SL: 1830. TPS: 1950, 1993, 2100, 2160, 2150, 2230
Looks like ABC correction after sharp drop is done. Should continue going down. Or we could also see double correction.
Well, it seems that this week dollar index is getting strong. Let's see.
this is my idea for next week on gold gold is still bullish, uptrend structure its alive,under the elliot wave analisis price is finishing the correction abc, currently is testing the 138 level of the fibonnacci expansion on abc, that is a good level, anyway the yellow zone down is around the 161 fib level which is a really good reversal level, gold should be...
After the break out from gold I can see a pull back to the trendline that I have plotted that correlates and confluences with my fib. Many people are entering long at this point however I strongly believe in better RR. So I will wait for a pullback for entering long. Después de la ruptura con el oro, puedo ver un retroceso a la línea de tendencia que he trazado...
Confirmations: - Ichimoku - Flag Forming - Fibo bounce in 38,2 Tp 1 30 pips Tp 2 100 pips tp 3 200 pips