This is a follow on from my previous chart/ idea, as you can see there is a triple top on the 1hr chart as well as the 1month. This to me indicates a strong potential for a reversal from the bullish trend that we have been seeing since the 1886's. It may just be a retrace and go till 1960 and then come on strong to go for the liquidity at in the 2000s as stated on...
The monthly chart is really interesting as it shows how the price has rebounded from the same place previously creating a neckline. There is now a triple top, a reversal sign, so according to my analysis on this chart the trend should reverse to bearish. There are two necklines on the chart and both I’ve marked they both are aligned with the candles. I think we...
Gold has left us in limbo with the close of the market at 1855 on Friday. Will it fly or dive in the coming week? Gold has left imbalances on its way up at 1839, 1835, 1832 and 1826, along with liquidity that it needs to grab at 1823 and 1804. However, there is also liquidity it left in its previous visit to the high 1800's at 1872. Gold has currently hit a...
Gold has broken the trendline on the 1hr HTF and has already hit 1855/56 this evening. Are we possibly looking at 1860/65 - 1872 due to the liquidity that it has left there previously or will it fall to lows and catch the liquidity that it left at 1804 back days ago....gold is gold ;)
Is gold bullish or will not drop once liquidity has been grabbed from the key areas in the 4hr TF chart shown?
showing imbalances and liquidity part 1 where gold may revisit.
Showing imbalances and liquidity own the 1hr TF part 2
The same XAUUSD chart but on a 15 minute time frame.
Following the bullish run of gold it has hit the 1795 wall which has a list of tall orders, this will inevitably bounce and retrace to the early 80's - 70's before the bull run of Xmas and NY.