AndeWave

AndeWave

Gold is showing strength at the moment. Price is making new highs and breaking out of consolidation 1) Price breaks through consolidation resistance 1935 2) A new range of 1958-1935 is forming. 3) The trend is bullish (strong). 4) After the exit from the consolidation the strong impulse may be formed 5) Impulse may break through the resistance of 1958 and reach...

AndeWave

Gold is showing good upside in the medium term, but after a consolidation 1) Last week closes in its highs, which suggests that the market growth will continue 2) The price also closes near the strong liquidity zone. 3) This consolidation, which forms in the area of 1930-1910, can help the price to head towards the 2000 zone 4) The local situation is that the...

AndeWave

Gold starts the new trading session by updating Friday's local. The price is in a range, the resistance of 1935 is confirmed and a pullback to 1903 is expected 1) Gold forms a range of 1935-1903. 2) Resistance is tested, a false-break takes place and the level is confirmed 3) The trend is still bullish, but the price is not yet looking to continue rising...

AndeWave

Gold forms a strong rise to the 1929 zone, after which a Gartley pattern forms on the chart, which indicates the possible beginning of a correction. 1) If the price rebounds below 1929, it has a potential to correct to the 1915 area. 2) The trend is still strong and bullish, but the gold might enter a retracement stage. 3) If you sell, use minimal risk. 4) There...

AndeWave

Gold is rapidly renewing its highs. Price strengthens above the 1903 level and forms a bullish takeover 1) Yesterday's bar is closing in its highs, indicating that the rise will continue 2) The potential is still bullish 3) It is acceptable to sell in such a market with minimal volumes and minimal risks. 3) Trigger points for buying: 1903, 1921, 1935

AndeWave

Gold forms a flag pattern - a bullish pattern. Breaking resistance, consolidation and confirmation of the change in price position again breaks the level of 1908 1) After the formation of the entry point from the flag, the price forms an impulse. 2) The retest breaks through the 1908 level 3) Consolidation above the 1908 level will open a buy point 4) The trend...

AndeWave

The outlook for gold from a weekly timeframe perspective shows quite good dynamics. 1) The previous week's bar closed at 95% of its high. The market has not gained ground and will continue to push the price in the medium term 2) Price enters a wide range, resistance is 1981, support is 1890 3) A technical pullback is forming, which plays the role of a secondary...

AndeWave

A correction is forming on the uptrend, which forms a "bull flag" pattern. Resistance is broken 1) The trend is bullish 2) The price makes a false-break and regains above the 1908 level 3) A "bull flag" pattern is formed and its resistance breakdown forms a buy signal 4) It opens a potential for growth towards 1929. I expect a pullback to 1908 and consolidation...

AndeWave

Gold forms a pullback. The price confirms the range boundaries - resistance 1921 and support 1903. At the moment the price is in the consolidation phase. 1) Gold is in the bull trend 2) No evident preconditions for local movement 3) The price can stay between 1921 and 1903 for some time. 4) We monitor the situation. The price has made a false-break through the...

AndeWave

Gold enters a consolidation phase with a possible correction to lower zones 1) A reversal pattern forms. 2) Consolidation around 1908, a break-down will send the price to 1900 3) The price breaks through the trend lines (black lines) 4) At the moment (high risk), the potential for price decline to the 1894-1905 liquidity zone is open 5) The trend remains bullish,...

AndeWave

Gold stops at 1921 after a strong rise. From 1800 the price has gone 7% in two weeks, which is a steep result 1) The price is testing the level of 1911, and if the price stays under it, it will go to 1890. 2) The trend is still bullish 3) I assume that after the strong growth the price will move to the consolidation phase. 4) The price is waiting for correction....

AndeWave

Gold forms a preliminary reversal pattern. Price comes back to retest the strong resistance of 1920 1) Head & Shoulders pattern is formed. 2) If the price rebounds under 1920, a strong correction may start. 3) But in case the price breaks through 1920 upwards, it will go to 1929, 1940 or higher. 4) The price is in the long zone, if you are going to sell, then...

AndeWave

Gold forms a technical pullback on Monday. The price is testing the key level of 1911. 1) The price makes a false-break of the last day high 2) The price rebounds to the 1911 level 3) The 1911 level will decide the key 4) If the price consolidates above the level of 1911, gold will continue to rise 5) Consolidation below 1911 could take the price down to 1900.1890

AndeWave

Gold is breaking through again. What to expect from the coming week? 1) The price entered a new global range of 1911-1981. 2) Friday's bar closed above support. 3) Friday's bar closed at its highs, which can be interpreted as "growth will continue 4) Fundamental factors are in favor of gold at the moment 5) If the price fixes above the level of 1911, this will...

AndeWave

Gold is testing the 1908 resistance with a false breakout. Looking for a pullback 1) The price tests the resistance and makes a false-break. Statistically, strong movements occur after false-breaks. 2) The price has been trading in a strong uptrend for a long time, the technical pullback is coming. 3) I assume that after the false-breakout the price can roll back...

AndeWave

Gold exits the 1870-1890 consolidation after a three-day consolidation, which is what I was actually talking about yesterday 1) The price enters a new range of 1911 (resistance not tested) - 1890) 2) The trend is bullish (strong). 3) The likelihood of a strong move on Friday is slim. We may see a test of 1911 resistance and a pullback to support. 4) Price is...

AndeWave

Gold breaks through resistance and consolidates 1) False breakout of resistance collected orders of the buyers who traded the breakout and stoplosses of those who sold 2) False breakout of support in the same way, but from below 3) The price has already broken through the resistance and is consolidating. 4) There is a strong liquidity zone below the 1879 zone,...

AndeWave

The gold gains energy and tries to close the lid. At some point this whole structure will shoot out 1) The trend remains bullish. 2) Yesterday's bar closed below the opening, but within a narrow consolidation this is normal 3) Price confirms support, but the consolidation resistance of 1890 has not yet been tested 4) An attempt to test the resistance can end up...