ChartStrategist

ChartStrategist

My prediction is that gold will experience a pullback before resuming an upward trend and reaching a new all-time high within the next few months. I am currently waiting for the price to reach a specific area of interest before actively seeking out potential buying opportunities.

ChartStrategist

Depending on how the situation develops, there may be two potential outcomes that could present buying opportunities. Area of interest 2025-2027.5 2000- 2003.6

ChartStrategist

There are multiple factors in place indicating that a reaction may occur in the near future, and I will be keeping an eye out for potential buying opportunities. Specifically, I am taking note of an upward trend line that has been in place since October 2021, as well as a downward trend line that has been in effect since January 2023.

ChartStrategist

The price of gold is currently positioned at the upper end of a channel and appears poised to decline. I am particularly interested in the timeframe spanning from 2001 to 2006, during which I will be on the lookout for potential buying opportunities. On a weekly timeframe, it is expected that there will be a pullback before the price eventually moves towards 2070.

ChartStrategist

There are multiple instances where a purchasing opportunity can be identified around the range of 1981.94 - 1985. As per my earlier analysis, I had forecasted that the market would respond at this price level.

ChartStrategist

I have identified the price range of 0.87300-0.87525 as an area of interest where we may observe a favorable market reaction and potential buying opportunities.

ChartStrategist

There are several confluences in the 1.75000-1.75201 price range that suggest it may be a good time to consider selling. I had previously predicted that the market would react around this price level, as stated in my earlier analysis.

ChartStrategist

I am keeping an eye out for a potential buying opportunity in the gold market once it reaches the range of 1977.877 to 1988.479, as I have identified several confluences that support this decision.

ChartStrategist

1) I am waiting for ETH to break the channel and head to 2279.3 -2421.1 then I will look for sells 2) waiting for ETH to go back to the bottom on the channel to look for buys 1415.4 - 1497.7

ChartStrategist

Gold will be hitting the ATH within next few weeks

ChartStrategist

Silver is currently in a channel I will wait for a break of the channel and the strong decline trend line.

ChartStrategist

Will GBPJPY break the channel or will it start to move down.

ChartStrategist

Will NZDCAD break the channel or will it have a false breakout

ChartStrategist

Waiting to see if GBPNZD can break out of the channel or will it fake out

ChartStrategist

Confluences to long Incline trend line Decline trend line Reversal point -0.618 bearish fib target rejection candlesticks on 15 minute gold looks good to go down

ChartStrategist

Confluences to short Resistance level 300 pip move will need to pull back to go higher US dollar has stopped and starting to reject New York session -0.27 weekly bullish fib 15 minute rejection candlesticks

ChartStrategist

1 Hour Timeframe False breakout gold should start moving bullish once it breaks out Gold should hit old ATH within next few months

ChartStrategist

I have expecting to see some nice reactions from 1.23238 - 1.23345 AOI