ForexGoldIntraday

ForexGoldIntraday Updated 

AFter the break off the bearish channel we now wait the retest and also supportzone 2030. Mid to longterm we will see a big bullrun back to 2070 and posbile above. FOcus on buying around 2032-2027. Resistance: 2040, 2050, 2060 Support: 2030, 2016, 2005

ForexGoldIntraday Updated 

Gold still under selling pressure atm. Follows a bearish channel wich keeps making lower highs and lower lows. 2017 is a support level wich is important for gold. If gold wants to move any lower it need to break 2017 level in order to fall to 2006 and 1991 support levels. Best thing we can do is keep selling the market. But if gold manage to break above 2050 then...

ForexGoldIntraday

In previous analysis we anticipated on selling the market. Wich we won trades at the end. The bullish presure is coming from the support trend. We added buys from around 2030. Wich are profitable atm. Expecting gold to push bullish till around level 2050 up to 2055. We need to pay attention to the resistance trendline. From here it is posible gold will fall...

ForexGoldIntraday Updated 

Gold ended last week very unstable. Because off NFP and PPI news. Gold gave big moves ranging from 200pips up to 400pips. AFter tapping the trend resistance(yellow line) gold rejecten very strong. Atm were in a bearish channel. We should respect the currenct bearish trend and focus on selling the market. 2047 is resistance, either gold fall from here or move up...

ForexGoldIntraday

After the obvious head and shoulder pattern and the break off the bullish channel i adviced to keep shorting the market. Gold fell deep and we took some winning trades. 2030 is key level. If this level stays intact it will go up again. Gold eventually did reject. Atm i am focusing on the 2055 resistance level to go short again with targets such ass 2045 and...

ForexGoldIntraday Updated 

Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange) Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A...

ForexGoldIntraday Updated 

Gold is ready for a posible retracement first back to 2055. If the channel breaks we will see a posible further fall towards 2040 and 2031. If the channel keeps respecting we need to go long with target 2080, 2090 and posible 2100 Resistance: 2072, 2085, 2100 Support: 2050, 2030

ForexGoldIntraday

This week i adviced to keep selling under 2070 big resistance after confirmation. Although we got some rejections bulls manage to push back to the resistance zone. I told everyone the moment 2070 breaks with confirmation we need to add buys. SO eventually gold broke 2070 and i instantly change strategy to adding buys. WE took great profits from here. In the...

ForexGoldIntraday

After the break of H4/daily resistance around 2048-2052 we need to focus on going long after a good retracement first. My focus is on the daily resitance 2048-2052 retest or the support trendline. There are 2 big demand area's also around 2050 and 2043. Buy zone between 2050 and 2043 after confirmation If we get a confirmed break above 2070 we need to add more...

ForexGoldIntraday Updated 

Gold is currently ranging between 2030 and 2050 level. In H4 timeframe we can see a upward channel wich keeps getting respected by the gold market. A bearish flagpattern is also posible. Especially in higher time frame patterns can give a big move. So expecting gold to Fall deep in upcoming days. Second is the big resistance level laying around 2048-2052. Wich...

ForexGoldIntraday Updated 

Last week Fed interest rate news destroyed lots off retail traders. AFter a big fall gold managed to push bullish around 500pips after FEd drops. GOld settled after tapping onto resistance level 2050. In my opinion this was a attemp to wipe longterm sellers who sold above the ATH level. After the tap of 2050 gold fell deep below 2031 structure. 2031-2034 is the...

ForexGoldIntraday Updated 

Currently gold is in a strong bearish sell off after hitting ATH around 2150. In the bigger picture posible big fakeout on the previous ATH(2070) See chart for all the info. 1976 is strong support. at this point i managed to trade a good pullback. In order for gold to proceed a posible bullish move it would be good if 1993 resistance level breaks above. This...

ForexGoldIntraday Updated 

In a couple hours we will have montly candle closure. GOld is forming new grounds. If we look at the montly timeframe, notice that al the previous montly candles closed below 1993. This will be the first time a montly candle closes above! This indicates strong support will create around that level SO what does this mean, what is next for gold? Today 2050 was the...

ForexGoldIntraday

Hi guys, Couple things to notice. Were currently in a bullish channel wich hasnt broke yet. In the bigger picture were currently sitting at a strong trendresistance(daily) GOld struggles to break this zone. Also a big supply zone is holding gold back for further grow. AO is showing divergency in H4 and also Daily. WIch also indicates bullish momentum...

ForexGoldIntraday Updated 

Short update for gold: Pay attention to the bullish channel. If gold repects the channel posible breakout bullish back toward 2000 and above. But... There is a big Daily resistance laying around 1991-1993. Wich can prevent gold from climbing any further. Rejection is mostlikely. If this happends we need to pay attention to 1975-1977 level. If it can't break...

ForexGoldIntraday

Hi guys. In my previous analysis i mentioned the 1934's level beeing the level to go Long longterm. After a double bottom confirmation gold almost gave a strong bullish move of 350pips. In my opinion gold future outlook is still bearish. Currently hovering around 1971(Wich is resistance level) But we need to look for short position at a better untested area wich...

ForexGoldIntraday

Last week was a very good week for us. We targeted mutipe levels and suceeded. 1935 was my last target for bears. Before market closure gold manage to hit our target. So whats next? in my opinion 2 scenario's. 1932's is a support level were a posible pullback can follow. We need to follow priceaction after market openings to decide we go long. Target for bulls...

ForexGoldIntraday Updated 

Great week so far for us trading gold. After the clear H&S pattern. Gold fell deep around 500pips. So my previous analisys was on point. We reached our targets. My expectations on gold is itwill fall again. Testing the lower support levels 1952 and 1947. My longterm target is around 1935's. From here we can expect a big bullrun again, we must see how priceaction...