Posibilities. Market still in a uptrend. Looking for bearish wave after break support channel. Notice the market did not form HH(Higher high). Wich may indicate weakness in the bullmarket. A break above the resitance trend might send gold higher again. If it can stay below posible goLd will fall towards 2625 bearish target. Waiting for priceaction...
In the bigger timeframe were in a big uptrend atm. Buying the market seems more preferable. But we can still catch bearish waves. Focus on the support trend. Break below will send gold lower towards bearish target 2532. We also have a smaller resistance trend. Break above will unlease a bullish wave back to last ATH. If this zone keep rejecting we will see gold...
There are some important levels to notice. In order to understand what is happening with gold. Gold is currently moving sideways in H4. Respecting either the ATH resistance or the lower support zone 2477 More information is provided on the chart
Gold has been climbing up for the last weeks. Take notice for the trend support. Very important for gold. If this zones keep respecting we will keep seeing gold push up. Al confirmed breaks above 2510 will send gold back to ATH for a retest. Confirmed break below the support trend unlocks the bearish target of 2460. Resistance: 2497, 2507, 2519, 2530 Support:...
Last week ended with NFP wich pumped gold sky high. In the long run we can focus on short te market again. Before a posible pump bullish again. Bearish target 2370 intraday. Wait for priceaction before entering shorts resistance: 2396, 2406 Support: 2387, 2379, 2371
Gold moving inside a channel atm. Buying and selling intraday is preferable. Depending on wich side gold breaks out(Only with proper cinfirmation) We follow that route. After breakout we might expect a big move ahead. Bullish target 2355. Bearish target 2288 Resistance: 2332, 2340, 2347,2354 Support: 2321, 2315, 2395, 2387
Short analysis. Focus on the retest zone of the channel.
If we look into the weekly time frame, notice the bearish ungulfing candle pointing out lots of selling momentum in the market. Last friday gold broke a important channel retested it and gold crash followed. In the bigger timeframe picture we have confirmation for posible more fall for gold. Shorting the market for this week seems more preferable. But that...
Gold respected the bigger bearish channel. The resistance trendline got respected and gold fell again. If bulls want to take over again for 2400 ATH this channel resistance needs to get broken first. In the smaller picture we have a rising channel wich tested twice on the support side. Gold is hovering above a important support zone(2331-2327) were liquidity...
Gold broke out off the bearish channel so expecting a rise first towards either 2347 or 2361. Then we might expect a bearish move again. Resistance 2328 might hold and a posible fall from here directly. Priceaction is key! Resistance: 2328, 2346, 2362 Support: 2319, 2308, 2295
BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected. Target 53k and 45k
After the long bullish gold market gold tapped out around 2400 with a tripple top(H4). Gold managed to break below the neckline and a fall off gold happended after the retest off the bullish channel. Currently were moving in a smaller bullish channel wich cam from a bearish fall. Expecting bulls to weaken this week and another fall in gold might happen. If gold...
last friday gold suffered a big crash off around 1000pips in couple hours, leavins buyers perplex. The bullish trend support stopped the fall off gold for now. Expecting gold to retrace bullish, but all depend on certain support levels and the trend support. A clear break off 2325 would be bad for buyers and a posible reverse trend may start. If 2305 breaks then...
The current trend is very bullish. Fundamentals playing a role. Gold remains a safe assets during wars. In my last analysis i notified the montly timeframe were we cuyrrently broke out the major ranging market. It is posible that we will stay in a bullish trend for longterm with targets 2400 and 2500 in the long run. Priceaction remains important. Selling can...
Gold still pushing higher and higher. Is it posible were in a longterm bullrun? See update post montly timefram. Priceaction wise gold is showing a rising wedge wich can indicate a correction or reversal. Selling the high resistance off this channel can be done but is trickie against the main bullish trend. A confirmed break below this support channel and below...
Last week gold moved in a very strong bullish wave and tapped into new ATH. The big daily resistance trend got broken. Today it broke below this resistance trend. Structure build above this zone. Expecting gold to retrace bullish first and then a posible further fall towards 2225. Arrows are a posibility, not a signal. resistance: 2244, 2259(ATH) support: 2222, 2211
Last week 2150-2147 support showed it's power to traders. For now it's our most important support zone to watch out over. After FED gold spiked up and created a ATH sitting around level 2222 and the next day gold collapsed again towards 2155. I do think gold bulls maxed out at last 2222 ATH. In the long run gold will fall. Gold is retesting the breakout channel...
Last week gold formed a posible Symmetrical Triangle or descending triangle. Keeps respecting the resistance trendline and support trendline/zone. We can expect a breakout from both sides. But need to be aware off potential fakeouts. Wait for confirmation break on either sides and enter the trade. Upcoming week we have Fed Interest Rate deciscion on 20th...