Gold has been seen bleeding and tearing down the bulls lately but the overall outlook from the monthly to the weekly timeframe remains bullish despite the entire bearish momentum. in the meantime, we're anticipating a pullback on gold to the levels of 1850 to 1900 levels if the 1910 and 1800 levels doesn't break.
The price of gold is seen playing around the 1930 as at the time of writing this morning and we're optimistic that a break below the 1930 would eventually push it into the daily FVG where BUYERS WOULD STEP IN. Wait patiently to see that H1 CANDLE closes below the 1930 then look for a sell down to 1925 and 1920 respectively. failure to break the above mention...
Looking at how the market has been slow to move down, its been creating successive Higher lows and highs while on a range between 1930 and 1916. The current H1 (9:00 am) candle would determine the bullish momentum if it closes around 1920 - 1921 Fundamentally, USD seem to be building more significant momentum and that alone would creat tension for both buys and...
We should look for a short term buy on GOLD (XAUUSD) as it has successfully completed the circle on M15 and has rejected the downside on market open.
Making early entries in the market based on structural push up and out is one tool we hold to heart here at our analytical center. Follow the arrows to make a profitable trade entry when price breaks through the levels where the arrow points opposite.
Buy gold if todays candle closes above 1979 the prior daily level and sell if price stays below 1979. determine your own risk to reward ratio
We did gave directional bias few days back about the price movement. now the bulls have taking the lead and a successful close above the upper level means price will push up further. a close to the downside is an implication of the bears welcome back party, which may extend the price to 1950, 1940, 1930 respectively. Remember that volumes are much more expected...
XAUUSD was seen in a tight range and has failed to come out of the range. We're optimistic that when a break is observed to the up side / down side? as seen in the chart, there will be a supply to the north or south depending and which direction the it heads. At this time we remain skeptical and would continue to trade in the range by selling at resistance and...