This is my analysis you trade keenly. My analysis is based on MMM. Note that the market is making all time high ans that reason and Used ICT method to project the moves. Eventually Gold is not likely to loss value(Logic) strongly believe it will be bullish. Next week is a new quarter and i expect market to form it low before it rally up.
Enter market if the market spike up and reject @ 1794-1795
Gold is bullish. It will retest break of market sructure,PSR, OB fib at 62-79% trendline. This will be at around between 1735-1749 For explanation use the link youtu.be
Gold broke the Wyckoff market structure at around 1735-1749. It need to retest that area. As it does that it will pull down daily TDI price line to give room for further markup trend. If it will not have sale hunt, likely it will turn up at an institutional block between 1744-1752 on H4 chart. This area is also supported by Fibonacci 79%, OB,PSR retest and trend...
As i have posted before that gold would hit 1780. It did . I expect gold to either follow the three shown routes. I am not ruling possibility of the metal hitting 1822 before going down. This is the highest price if a tall gold will continue it bullish move. The fact remained it has topped or it is nearing top
Bearish Cypher harmonic pattern. Sell at 0.59100 with stop loss at 0.59500 and take profit at 0.57100 appr. 200 pips profit against 40 pips risk
Hello, i posted my view sometimes back that gold is bullish, i really post unless the previous analysis become void. This is just confirmation of my previous analysis. Gold has not topped and until it does so i have no contrary opinion. The only difference is that retrace was a bit dip. To me this does not qualify Gold to be Bearish.
History repeat itself, last week on 6th at the lower trend line gold behaved the same. I expect to see it going up 8 - 12 hrs from now. if it head upward i don't expect to see it coming down as it will have reached the end of triangle thus the next strong RESISTANCE WILL BE AROUND 1745-1755.
The market closed with a down trend on D1 and below although weekly it was bullish. On opening of the market most likely i expect 33.3% gap in same position,up or downward but most likely upward gap is possible. Having formed the bullish flag pattern , Gold is generally bullish. For this case long are possible at 1700,1692 and if retest happens another potential...
The analysis may vary with around 10-20%
My previous analysis were hit although due to crash of oil it sacred buyers in Gold and the analysis went down with around 20 pips which was not bad. Hoping today the market will drive normally, we expect to see gold retrace between 1702 and 1698 which which be potential buying area. We expect to gold hit 1735 today.
The genetal trend of the gold is bullish. The commodity is expected to dip up to around 1681 possibly by around 10am GMT, before it can go up which is mostly likely during NYS. between 1687 and 1680 could be the best long area.