This week opened at the 3320's zone followed by a strong bullish wedge. As at the time of this publish, gold is currently at the 3380's zone and we aim to see gold at the 3400's if this bullish momentum holds .Following the analysis also, we still have potential for more bullish pumps as we are yet to hit the 50% trend channel Further analysis would be given as...
Its been established that gold is on a long term bullish momentum.Although, as we all know there will always be bearish pullbacks, retracements and liquidity sweeps. We saw gold sell to 2970's once again followed by a strong bullish pullback. If bullish momentum holds, there is a clear path back to the 50% of the bullish channel or even higher Updates will be...
Gold has shown to have a strong bullish momentum undoubtedly. Minor bearisg pullbacks or retracemnts followed by a continued bulish hedge creating new ATH's, we see gold at the 3100's as the market , further analysis coming soon
Just as i published yesterday, we see gold respecting the bearish trend channel. still expecting more bearish liquidity sweep as we keep our sell positions still open at 3043 and re-entry at 3025. 3016 is a vital zone as that region depicts next market interaction, still watching market behaviour
Just as i analysed at the open of this week, we see gold assume a bearish trend aiming as a retest for a possible continued bullish momentum
As the market opens, we see gold assume a bearish pullback, most likely a retracement. Last week was a clear indication of the strong bullish momentum in the market where every minor bearish retracement was complimented by a continued bullish rally. Lets see what this week holds for us as we hedge along and make profit :thumbsup:
This market analysis is relative to the chart pattern and market structure we expect gold to sink to the 2640's and thereafter, a pullback is expected. The long term analysis of xauusd is bullish as we're on a yearly and monthly retracement. we should see gold aim for the top trend line, further updates concerning the market would be posted
this bullish pullback is expected to go through to 2750's and turnaround going for the next wave of the bearish retracement BULLS 🤝 BEARS
as gold falls, we expect gold to go further down respecting the highlighted zones. note that this sell is just a retracement as we are currently in a new month, overall insight on gold is bullish.
The xau market has been on a bullish rally after creating a spring at the 2600's zone with an indication of "the retest of a breakout" we could see gold rallying up to the 2739 zone thereby creating an ATH mitigation or rally above to the 2750's as the bullish pressure exerted is strong. ^take note that all shorts are merely retracements as gold is on a bullish...
Gold has shown a rising bullish rally as all shorts has been merely a pullback and we see a new ATH after Further insights along NYS
Just as expected, gold bought up to the 50% trend line we could have a retracement before a continued bullish swing
Prior to my last publish, I analsyed and said that the bearish movement was merely a retracement which has come to be the case as xauusd has continued its bullish rally and we set updates on the analysis would be given later on as the market moves, Let's Go !
The bearish momentum of gold is a retracement for a continued bullish hedge, note that we could seem more bears during the week but it's merely a retracementfor the bulls in the long run. Bulls continue to move in a trend pattern 👍
Prior to my last publish, we have seen xauusd complete its bullish rally to the 2640's, we now anticipate the bearish liquidity sweep to the lower zones as illlustrated in the analysis note that all indicated zones are points of market retracement, pullback or a possible turnaround........follow for more
From my last publish, i overviewed a bullish rally which has occurred, we expect this rally to run to the 2460's and probably above before the bearish pullback
based on he analysis, we expect the bullish retracement of xauusd to continue to the 2500's We expect to see a turnaround from the 2507 zone through to 2513
NOTE : This chart analysis is just highlighting the trend movements of xauusd and zones of market reactions and pullback feel free to leave your ideas in the comments