SonLightGOLD

SonLightGOLD

After the price took a leap at my buy limit order 2642.500 and sharply hiked to 2656.000, more price advancement is expected after bouncing off 2642.500 trigger point again or dominantly declined till 2623.000 inducement range before the bull run.

SonLightGOLD

Gold price falls from either R2190 psychological level or continue falling exactly from this R2165. If 2155 range is broken downward, do not hesitate to sell the price off. What's needed to know is that we are now officially dumping the price of this metal below 2050, since the mm had intentionally acquired massive liquidity grab from those institutional traders...

SonLightGOLD

Ascending triangle pattern formed.. if chart patterns truly don't lie, GOLD FALLS on economic data release.. after a little push up to the red circle or just right away!

SonLightGOLD

I am pretty not sure about the next move but all I know is that the price of gold would fall massively in short time. This is a moment where the fundamental element of trading and it's technical analysis has failed to respect the fundamental rules of the financial market. Nevertheless, seems like the US bank strategies concerning rate cut isn't so favorable to...

SonLightGOLD

If you can identify HIDDEN CONVERGENCE FORMATION.. you'll understand that BUYING the price of Gold now is very promising! W pattern confirms it.. DXY also flatting on rate cut.. Us Bank also not taking it easy with the demands of gold for India festival and China New Year: the dragon figurine need lots of gold. Hold buy position till next week.. Good luck!

SonLightGOLD

The price momentum is clearly bearish, so I can only advice swing-shorting the declining price after confirming the resistance level within 2050 and 2060 psychological levels.

SonLightGOLD Updated 

The ultimate S1955 triggered the last price advance to 1992, and the progressing liquidity could possibly retest the support levels 1975-1971-1965 before consolidating the bullish trend to.. at least 2010 next week. A hidden convergence setup is formed like it's previous BUY signal. It is a good chance that the MA (crossing the zero line upward) might signal...

SonLightGOLD

If price drop below 1990 psychological level , it is bear hunting but Psych2000 breakout could possibly trigger continuation upward. The support level 1975 is a target because 1987 seems tested already.. DXY breaking above 104 is certainly a good validation for the upcoming bearish trend.

SonLightGOLD

target locked on buying from the retest level 1955 after a nearly reached 1966 price.. I think I'll respect 1hr W Patterns in correlation with divergence formation: significantly for trend reversals.

SonLightGOLD

Price rejected R2000 subsequently, and fell to breakout from 1990 and towards the psychological level 1980. All I see now is selling possibilities despite the pressure and trader's sentiment.

SonLightGOLD

Best entry for this overbought metal is to order a buy position at 2009 after a retest on 1997. If on buys already, we might see an aggressive drops as a result of peaceful negotiation testified over the weekend.. Investors might withdraw immediately.

SonLightGOLD

Last possible resistance may form at the range 1870, then 1865 might be a good entry to respect the 4hr bearish trend.

SonLightGOLD

Gold major price resistance formed at 1946.14 and 1939.83 prior to my personalized London trading session. All selling positions can be open within the range pulled back of the last bullish power. I back tested many buying and selling long-term entries before this next move, so I'm confidence about it, except it is just a range sentiment.. but doesn't look like it.

SonLightGOLD

Gold price reach it's full resistance range at 1952.42 and 1947.24. significantly, it marks a price resistance level and a crucial sell zone at the daily timeframe.

SonLightGOLD

After long price declines, Gold price should probably hike a little long from the support range 1906 - 1903.

SonLightGOLD

I believe convergence is one of the best skill of spotting out sharp reversal. Top secret of trading the financial market successfully.

SonLightGOLD

The idea behind this technical analysis is to determine areas of value of previous market momentum and breakouts.. so the next predetermined price ranges can provide possible breakout at the suggested arrows pointing to either a long bullish or bearish trend. Fundamental analysis is best for Bitcoin evaluation but this technical analysis can serve as a trigger...