AndeWave

AndeWave Updated 

Gold breaks through the resistance and moves into a new range 1) Yesterday's daily candlestick closes above 1804, which indicates a bullish outperformance 2) The daily candlestick closes near its daily high, and also near the next resistance level, 1824. 3) The price is in the new range of 1824-1804. On a retest of the resistance, there could be a breakout and...

AndeWave

Gold is in a tight consolidation. A breakout could happen at any time, but which way? Up or down? 1) Gold does not fall after a strong rise. 2) Gold makes new highs. 3) There is a strong support zone for gold around 1807-1810. 4) Gold could test support before rising and make a false breakout I expect a pullback to 1810, possibly a false breakout. It is worth...

AndeWave

Gold keeps approaching the resistance level of 1824, a breakdown of this level might provoke a rally to 1860 1) Gold after the retest of 1824 level is not falling, but it is consolidating near the level 2) Gold has a bullish trend and we should expect growth continuation 3) The price can rollback to 1804 to gather some energy, in order to continue growing...

AndeWave

The bulls are pushing gold up and testing the 1820 zone. I expect a pullback before a further rise 1) Gold breaks through 1810 and enters a new range of 1810-1825 2) There is a technical pullback to support 1810 3) If support 1810 holds and does not break, gold will continue rising towards 1824 4) Breakdown of support at 1810, the key area will be at the 1800...

AndeWave

Gold breaks through triangle resistance and goes up, making an impulse to the peak of the 1810 volume profile 1) Gold forms a technical pullback after the impulse 2) The price tests the previously broken pattern boundary, which plays the role of support 3) If the price can consolidate above 1800, it can go up towards 1824 4) If the price comes back to the pattern...

AndeWave

Gold. Daily review Price makes a retest of 1804 resistance, the close of the daily candle will determine the further price movement 1) Gold tests the resistance of the 1804 range 2) The price has been in consolidation for almost two weeks 3) If the daily candlestick closes above the level of 1804 or below it (without a deep pullback), then by the end of the week...

AndeWave

Gold under bullish pressure heading for range resistance 1) Gold is in a high volume density zone and entering a void zone, above 1800-1805 price could shoot to 1810-1820 2) After a strong rise, I still expect price to be able to fall from 1800 to 1790 3) The medium term outlook is long. Potential to 1850. 4) Gold is approaching a consolidation move to...

AndeWave

Gold. Daily timeframe. The price is in a range, I think that from 1804 gold can form a correction to 1786 1) The price is still in a global range of 1804-1765 2) Nearest support and downside target is 1786 3) The opening is far from resistance and a counter-trend pullback is possible when testing the level of 1804 4) Medium-term outlook - buy. 5) Medium-term...

AndeWave

Gold in consolidation, the bulls still control the support 1) As I said before, the price has entered the 1777 area and cannot go lower, we see a strong support line 2) Price is aiming for resistance at 1784. Consolidation for a possible breakout is forming. 3) The trend is ascending. 4) Price has reached the liquidity zone of 1777, a false breakdown and forms a...

AndeWave

Gold. Daily timeframe The price is in a consolidation state. 1) The price is in a range between 1804-1765. I think that after the strong rally, gold will stay in these ranges for some time yet 2) Increased volatility because of the news, but gold is still in consolidation. The market maker is speculating on the crowd and gaining energy 3) Global trend is...

AndeWave

Gold gets another confirmation that the growth will continue 1) We updated the maximum and stopped at the level of 1824.515, technical rollback is forming 2) The price makes a false break through the channel resistance, but is still above the important level of 1803 3) The price is heading towards the support of 1803, but below the level there is a liquidity zone...

AndeWave

Gold. Day timeframe. Daily analysis 1) Gold opens a new support level at 1804.115 2) Yesterday's momentum forms a kind of bullish absorption. 3) Fundamental factors are on the buyers' side. Indicators are changing in the positive direction. 4) The price breaks through the level of 1804.115 and opens the way to 1825. 5) Today's candlestick forms a technical...

AndeWave

Gold goes below the key point of 1783.4, which is a kind of liquidity pool. Since the price is in consolidation, the price will be between such zones. The next potential target is 1798. 1) Gold makes a false break of 1784.78, a strong support zone 2) Price is testing upward channel support 3) The potential for growth towards the channel resistance is open 4) The...

AndeWave

Gold. Daily timeframe. Daily analysis. 1) Gold in the global range 1802-1765. 2) The local range 1802-1786, the price makes a false support breakdown 3) Bullish trend 4) The price is in the accumulation phase, we see that there is no urge to fall, but at the same time the price is not aiming for new highs 5) How long the price will consolidate, no one knows 6)...

AndeWave

Gold continues to strengthen and also shows us the presence of bulls in the market. 1) The price is in an ascending channel, the range has two support lines (strong and weak). 2) Prices form a pullback to resistance from the support area, and we can assume that the price starts consolidation 3) I expect gold to slowly approach resistance, pullback and form...

AndeWave

Gold. Daily timeframe. Daily review 1) The price from the opening makes a fall to the support level 1786, but it forms a false breakdown. 2) It is possible to assume that the consolidation will be formed between 1802-1786. 3) The trend is ascending, we can look for supports for buying 4) The price is in the volume void zone (according to the volume profile), so...

AndeWave

Gold. Review of December 12 Daily timeframe. 1) Gold makes a false break of resistance 1802, but closes near the level, which indicates a high chance of continuation of the movement 2) The trend is upward. 3) RSI is in the bullish zone and shows the strength of the buyers. 4) Price is approaching the level slowly, in a pace of consolidation. Energy is gaining...

AndeWave

Gold strengthens its position and recovers to 1,797. But the price breaks the local support level, which goes by the local rising lows 1) The price could make a pullback to 1784, but the upside potential to 1803 remains open 2) The trend is ascending and the price keeps updating the lows 3) It is possible to pullback from 1803 before the price starts to break it...