TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market, is currently immersed in a delicate dance between key support levels. At the forefront of this intricate choreography lies a crucial juncture, where daily support, represented by the steadfast S4 (1D) 1972.847 level, intersects with the resilient weekly support at S1(1W) 1973.298. This point of convergence serves as the fulcrum...

TradeWithTheTrend3344

Hello Everyone, It appears that there is a strong support level at 1988.459. It is possible that we could see a retest of this price level before any significant upward movement begins. Initially, it is important to monitor for a period of consolidation above the 2000 level. Once this consolidation phase is established, the next potential signal to watch for is a...

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market, is currently experiencing intriguing price dynamics, which are indicative of potential movements and significant events. A closer examination reveals that should gold prices surge past and sustain a position above the crucial threshold of 1980.786, this sets the stage for a promising ascent. Such an upward trajectory could lead to...

TradeWithTheTrend3344 Updated 

Hello Everyone, The price has dropped below 1918, and we are currently considering a swing trade with a long position. If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable. TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market is currently exhibiting a highly promising and sustainable trend, with all key indicators and analysis pointing towards a favorable outlook. This bullish sentiment is not limited to a specific timeframe; it is consistently validated across various timeframes, ranging from short-term (1-hour) to longer-term (1-year) charts. In more...

TradeWithTheTrend3344 Updated 

Gold has seen a strong rally, reaching 1932.98. There is a likelihood that it will retest the 1930 level before dropping to around 1889, given the ongoing developments. If you have a moment, I'd really appreciate your boost for my analysis. TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, Presently, there are supports gathering closely on the graph, clearly visible. Additionally, we've established an initial support line based on the monthly timeframe. The most plausible scenario indicates a rebound from 1858.652 and a continuation of the upward trend. However, for reference, we have included additional support levels. Best of...

TradeWithTheTrend3344 Updated 

Hey everyone, At present, the market is demonstrating robust support around the 1809.16 level while simultaneously testing the resistance barrier at 1830. A definitive breakthrough and sustained trading above 1830 are crucial for confirming an upward trend. Although the optimism generated by the recent NFP report, which had adverse implications for the dollar,...

TradeWithTheTrend3344 Updated 

Hello Everyone, We are currently very close to the 6-month low point at 1846.365. The highest point reached in the last day was 1879.91, and during the week, it reached 1927.31. As of now, it appears that gold presents a selling opportunity in the medium term. The medium-term trend is notably bearish, so we should anticipate further declines before any...

TradeWithTheTrend3344 Updated 

Hello Everyone, Let's adopt a patient approach and closely monitor the market's movements. We will refrain from making any major decisions until the market stabilizes and establishes a clearly defined trading range. If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable. TradeWithTheTrend3344

TradeWithTheTrend3344

Hello Everyone, It appears that on Wednesday, the market displayed a particular candlestick pattern, described as "paranormal," suggesting a potential continuation of a downward trend. Local support levels were identified at 1875 and 1872.58, and breaking below this zone could signal further bearish movement. However, it's essential to remain cautious, as...

TradeWithTheTrend3344

Hello Everyone, Gold is at a critical juncture, indicating the potential for a turnaround and an increase in its value. This could be driven by several key factors. Firstly, concerns about inflation have been on the rise, and historically, gold has served as a hedge against currency devaluation during periods of high inflation. Secondly, when the global economic...

TradeWithTheTrend3344 Updated 

Greetings, The path for the upcoming week in the gold market remains uncertain, with potential scenarios of either an upward surge or a decline towards the 1890 level. Friday's closing price of 1923.71 suggests two possible outcomes: a potential upward move with a minor dip to 1918.024 and a subsequent push towards new highs, or, conversely, a bearish scenario if...

TradeWithTheTrend3344 Updated 

Hello everyone, We find ourselves currently above the mid channel on the daily timeframe, and the monthly range appears to be gradually approaching a neutral position. It's worth noting that the 1 Year High/6-month high reached 2083.78, demonstrating some fluctuations but hinting at the potential for a new upward trend. Now, the pressing question is whether Gold...

TradeWithTheTrend3344 Updated 

Greetings, Gold closed below the daily pivot point on Friday at 1919.885, a development that has prompted expectations of a potential minor decline in the short term, possibly down to around 1912.949. It's important to consider recent events in the gold market, such as reports of central banks increasing their gold reserves as a hedge against economic...

TradeWithTheTrend3344 Updated 

Greetings, Recent events have added an extra layer of intrigue to the gold market. As the price hovers around 1936.395, investors find themselves at crossroads. This juncture is influenced not only by market sentiment but also by a broader backdrop of global economic events. Amidst economic uncertainties and geopolitical tensions, gold has long been considered a...

TradeWithTheTrend3344 Updated 

Greetings, In the current market scenario, the price trend is exhibiting a gradual and persistent shift towards a bullish perspective. This transformation, while progressing steadily, is still in the process of fully manifesting. The evolving market dynamics suggest the likelihood of a potential decline in the price, with expectations centered around a...

TradeWithTheTrend3344 Updated 

Greetings, Presently, there is a robust foundation of support forming, with four distinct support levels evident on the Daily timeframe: 1887.732, 1886.043, 1884.354, and 1879.289. This accumulation of supports indicates a clear direction for the next market move. However, it's important to note that the lingering effects of the COVID-19 pandemic continue to...