AndeWave

AndeWave

Gold continues to stand still. Weekly chart - tough consolidation Daily chart - a reason to be nervous 1) There's a reversal set-up forming on the weekly chart. 2) The daily chart is bearish in a consolidation 3) The price has a wide range on the hour chart, it hasn't yet tested the strong support 4) It starts to form a pullback after the breakdown of 1921...

AndeWave

Gold makes a false-break, a bearish takeover is formed and most likely, the fall can continue up to 1900 1) Gold is still in the 1948-1903 range. 2) There is a false break-down of the resistance of 1948. 3) Yesterday's bar closes at the bottom, but there is still a long way to the level 4) The price has a potential of movement for 70-100 pips 5) If it breaks...

AndeWave

Gold overcomes the strongest resistance zone of 1950. The next target is 2000, which is a psychological level. 1) Consolidation above 1950 is forming. 2) The price overcomes the local density zone above 1953 3) Local correction to the level of 1949 is possible 4) New wave 12345 is forming I expect a possible correction to the 1950-1949 area to retest support...

AndeWave

Gold makes an awesome maneuver after a false breakout. The market maker trap worked perfectly. 1) The price breaks through the resistance of 1948.100. 2) A new momentum is forming. A corridor to 1981 is open. 3) The bullish trend continues 4) I expect that the momentum formation will continue for 1-2 days more, during this time the price might reach the 1981 zone.

AndeWave Updated 

Gold is in a consolidation phase and essentially stands still. Yesterday everyone was fooled by the fact that a strong downward momentum activated various orders (stoplosses, sales, etc.) And today the price is rising - this is the essence of consolidation and trading from the limits 1) The price forms a reversal pattern. Dark rectangle retest and momentum is a...

AndeWave Updated 

Gold forms a strong support base at 1921.9, but the market maker cheated everybody 1) False break-down of 1921.9 clears the liquidity zone below the level of excessive orders 2) Yesterday's bar closes higher than the previous one, buyers are more active 3) Today's bar is testing support again, but looks like it's going to rise and strengthen the futures price 4)...

AndeWave

Gold is drawing a global "Head & Shoulders" pattern. Does it mean that the market is turning around? 1) The price begins a correction and passes the main density zone 2) If the price goes below 1901.7, it will open the way to 1879. 3) The 1901 zone is a strong support, there is a chance of a pullback to the density peak of 1910 4) In the future there is a...

AndeWave

Gold is in the correction phase, as I said yesterday - there is a key level of 1921.9. If the price breaks it down, it will fly to 1903. What happened?)) 1) The price goes down, the consolidation breaks through and the gold enters the correction stage. 2) The price tests the 1903 zone, a bounce from the 1903 level is possible. 3) The price has been moving without...

AndeWave

Gold goes into consolidation. Forms a 1940 resistance range (1935) - 1918 - support. The strong growth since the end of November is exhausting and the price needs to gather energy for further moves 1) A global H&S pattern is forming. 2) 1935, a strong resistance zone, is keeping the price down 3) Strong support area keeps the price down 4) Volume profile - price...

AndeWave

Gold is in the correction phase. RSI indicator forms a bearish signal. There is a potential for a small correction. 1) The price stops and cannot yet overcome the local highs to reach the nearest resistance 1948 2) The trend is still ascending. 3) A bearish correction may start to develop on the uptrend, the first target is 1903 4) 1921.9 is the key level. If the...

AndeWave

Gold looks on the chart like it is still going to continue its rise. The price is increasingly consolidating, before making a small move 1) The bullish trend continues to be relevant 2) Price is above key levels, there are no strong areas from which to confidently sell 3) Price is in the 1948-1903 range, so it is logical to expect price to move from border to...

AndeWave

Gold finds support from the 1915-1920 zone 1) False break of the ascending line 2) False breakout of the liquidity zone (volume profile) 3) Price is still in a range (sideways movement) 4) Uptrend 5) The trend is still bullish and may be bought if the price fixes above the ascending support line Buy may be opened from the ascending support line and level 1935....

AndeWave

Gold continues to consolidate, which means that we should expect a strengthening of the price in the medium term. 1) The price is not falling, it is not allowed below 1920. 2) Long shadows indicate an energy rally on the buyer's side. 3) Resistance retest will indicate a prospect 4) The situation is still the same as in the previous review of January 26

AndeWave

Gold is breaking through again. The price is testing the 1950 area. 1) Gold pulls back to support 1935 for a retest 2) The support zone was tested by a false-break 3) The trend is upward. 4) The buyers are not letting the price go below the 1935 area, which is a liquidity zone 5) If the buyers finally keep the level of 1935, the price will form an impulse to...

AndeWave

Gold is creeping up to the strong 1950 level. It's forming an energy buildup and we should expect a surge in the near term 1) Dense consolidation is forming. 2) The trend is uptrending, strong shadows mean energy buildup by the big player 3) Price forms a squeeze to resistance, volatility begins to decline 4) In the medium term we should expect a possible...

AndeWave

Gold meets a strong resistance area 1) Double top is formed, the price breaks through a strong support 2) The reversal pattern sends the price down 3) The support line is broken and there is a consolidation under 1935. 4) There are preconditions for falling on the daily chart 5) The liquidity zone is the target of 1916, 1909 I expect the end of consolidation...

AndeWave

False breakout of local resistance 1935 could send the price to 1903 1) The price forms a local range between 1935 and 1903, and from the resistance the price can go towards support 2) Price cannot rise all the time, it needs to rest and consolidate energy 3) RSI daily is in the oversold area, the crowd is waiting for pullback 4) False breakout of resistance is...

AndeWave

Gold finishes its correction after testing the 1910 liquidity zone and heads up, breaking the 1935 level. 1) Gold has broken through the 1935 level, so I expect a pullback and consolidation above the level 2) The trend is bullish, consolidation above 1935 is acceptable for opening long positions 3) The target in our case will be the area of 1950 4) Gold is in a...