BeachBum9_4

BeachBum9_4

Since hitting the ATH in October, we have been going downward. We will go back up and hit a new ATH but not until a major correction so the "big guys" will buy more gold at a cheaper price. No big investors or corporate bunnies are going to buy gold at this price. We definitely see short term BUY scalps for sure, but nothing worth shouting over. I entered a...

BeachBum9_4 Updated 

TVC:GOLD We are going down - I sold from 2650 and closed my buy trade there. Resistance is failing and we have formed a descending triangle. Gonna break to the downside. Sell now

BeachBum9_4 Updated 

A double top pattern paired with a red (bearish) engulfing candle in a downtrend on a 4-hour chart typically strengthens the case for a continuation of the downtrend. Here's why: Double Top: This is a reversal pattern, and its confirmation often signals strong resistance at the "tops." If the price breaks below the neckline of the double top, it usually leads to...

BeachBum9_4

Key Observations: Support Zone: The price is bouncing off a clear support level (indicated by the yellow dashed line). This is often a strong indication of a reversal or continuation of an uptrend. Dragonfly Doji: The Dragonfly Doji at the bottom suggests that selling pressure has been absorbed, and buyers are stepping in. This is a bullish reversal pattern when...

BeachBum9_4

My analysis for Monday morning as shown We should see a drop back to the 2688 - 2690 area and then we will continue upwards hopefully toward my TP2 of 2745 area. This look's likely but who knows! I will recess on Monday morning. Currently holding a Sell from 2710 to 2792 and then I will re-entry with a buy trade

BeachBum9_4

Gold Bullish until we retest new ATH - DXY about to drop As we can see from my chart my first TP1 that I targeted yesterday has been hit successfully. I don't believe we will see a pullback here, if we do it'll be very small. I put in another buy at 2697 and will ride that out now until my final TP unless I see a reversal pattern. No sell yet folks - Too much...

BeachBum9_4

We are currently in a Bullish trend - As you can see on my chart I have marked where I think it can end up if we stay Bullish. Anything can happen with Gold so keep an eye on reversals and always be open minded to change your direction when needed. TP's are set

BeachBum9_4 Updated 

Hey all, Here is my simple but effective analysis on Gold at the moment. The trend since October 30th has been downward on the 4HR and Daily charts (In my option, the only charts worth looking at on gold) Although many in the Minds forum say buy, sell,"to the moon" , the overall trend is down and there will be pull backs as excepted. Until the downward trend...