GOLD Continuation trade: 👉🏻 Price found resistance again at 1830 region, hence, safe to say that price is just moving sideways in between 1790 and 1830 now. Waiting for further structures to be broken. The retail shorts sentiment are slightly higher with 51%, and usually it would be more profitable the other way.
GOLD Long Setup Continuation trade: 👉🏻 Price has successfully broke the H1 and H4 OB as forecasted. We could see some minor pullback at least to the 1792 area which is also the 50.0% retracement level. Price should be entering some sort of minor corrective movement first before seeing some bullishness.
GOLD Long Setup Continuation trade: 👉🏻 NFP did brought a bullish impulse off 1860 level, but yet to break the previous structure. Price is still within this corrective move/reversal pattern, yet to be confirmed unless broken out of. My confirmation will be some sort of break above 1797 level and a retest, before going long. This will be in my top watchlist...
GOLD Continuation trade: 👉🏻 Price is still consolidating at this key levels of 1760 and 1780. Personally holding 2 entries with reasonable stop losses. Traders may enter after price breaks either direction.
GOLD Long Setup 👉🏻 My personal level to go long was indeed on 1760-1780 level, after witnessing yesterday's FOMC statement. What wasn't expected was for it to happen so quickly. I do not see the dollar has long term gains over the period. 💎 Dollar Cost Average will be done over levels 1780 and 1760. Anything below 1750 will be analysed further in the future. I...
GOLD Continuation trade: 👉🏻 1900 remains a huge psychological barrier for the bulls. Pretty much ranging at this previous set target of 2.618% extension. Below shows my EW count on this precious metal If price holds here, an ABCDE triangle formation will be formed, usually indicates the 4th wave. Entry would be a break above Wave-D.
GOLD Continuation trade: 👉🏻 Price is really testing this 2.618 level ($1884). Multiple bearish signals are showing. Small pullbacks are normal but never go against this trend! 2 reasons: this is gold AND we are in the middle of a Wave-3.
GOLD Long Setup Continuation trade: 👉🏻 Price broke the 1.618% Fib extension, next level will be the 2.618, if breaks further, 3.618 is the following target. We are in a bullish impulsive phase, forming HH and HL since the double bottom formed in the month of March'21.
GOLD Short Setup Continuation trade: Main idea: With a bullish bias on the dollar, I expect more downward movement in the short term for this corrective movement to play out. Possible HnS pattern
Gold Long Setup Continuation trade: 👉🏻 4th straight bullish weekly candle now, since 30th Nov 2020 (3 bullish weekly candles). Price is also ranging in this channel since early Aug 2020, could possibly test the 1750 support first before heading back to the top of the channel. It is also being held by the 200 daily ema, it would be very interesting if price were...
GOLD Long Setup Continuation trade: 👉🏻 Positive gains on gold last week, total to nearly +2%. Bullish bias still intact with the same 2 targets as last week. A very good point of interest is at 1800, suppose many investors are waiting on for this psychological level.
We all know the story for gold. We all heard about it. Crazy estimates of 3000-5000 usd and even 10k usd price valuation. But after we hit over 2000 usd, price action went south really fast and nearly never corrected. Until it formed a double bottom recently. Bears cant go further and bulls started to win the fight. Now there is chance for a bull run. If price...
Gold Long Setup Continuation trade: 👉🏻 Major bullish giveaway is on the weekly chart where a very strong bullish pinbar followed by a bullish candle. I believe many retail traders may short gold when the market opens as it is now at a so called 'resistance'. Price is expected to take out all the sellers by pushing higher.
GOLD Long Setup Continuation trade: 👉🏻 Price attempted to break 1700 level or even stay below it twice. We could very much assume that buyers are very much in control now. Some minor pullback will induce me into buying this precious metal. A significant break below 1670 will only then change my bias completely. We are also entering our 2nd quarter of the year,...
GOLD Long Setup Continuation trade: 🤫 A boring W4 for the precious metal, down 2% and pretty much side ways movement only. 1705 will be monitored closely to go long on gold. Long entry may be placed after a significant pullback on the price.
GOLD Buy setup Continuation trade: 💪🏼 GOLD as well has successfully made a rebound from the said 61.8% area and is approaching back to the 50.0% area. Noticed that market sentiment on retail traders are shorting the gold at the end of last week as price has approached so called 'resistance'. 2 major reasons why I'll be on the opposite side of the crowd: 1....
GOLD Long Setup 👉🏻 Continuation trade from: After a successful dump on the precious metal. Price has reached our previous said 61.8% Fibonacci area, It is advisable to wait for a reaction and enter on the pullback. Long positions would be favorable for investors in the market. 👀 Lower timeframe shows a potential ending diagonal. A long position may be placed...
GOLD 👉🏻 Previously mentioned in , price has broken down of the 50.0% and now could seek for the next zone at 61.8% Lower timeframe sell setup