Weekly Analysis: Last week's weekly analysis missed as I was on holiday. Since my last weekly analysis price has print further all time highs, which, as a result, as brought the CHoCH positioning closer to more recent price action. Price has, as yet, failed to indicate bearish pullback following bullish BOS and iBOS. The first indication of pullback will be...
Gold Chart - 15 minute time frame We are approaching the London meeting. Also today, US ISM data is released that the chart can fluctuate sharply at that time. Of course, we have a few speeches tonight that affect this chart.
Midterm forecast: 1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1762.55 is broken. Technical analysis: A peak is formed in daily chart at 1916.50 on 06/ 01 /2021, so more losses to support(s) 1875.15, 1848.50, 1828.25 and minimum to Major Support (1762.55)...
TA is clear. Gold has reached weekly supply and there's need for a healthy correction before it continues the bullish trajectory. Thoughts and ideas are welcome.
As we could see xauusd dropped approximately 850 pips from the right shoulder before here we talking about why he dropped so dramatically on this photos i already explained the nature structure from market i just waiting for buy opportunity as well thankyou guys !
Daily momentum just picked up on XAUUSD (GOLD ), daily structure and trend is bullish. We will be monitoring price action at the marked zone if or when it comes back to collect liquidity.