georgethevictor

georgethevictor

Based on the Fibonacci analysis and looking at the week and monthly trend the gold has now bounced from a strong resistance and it would seems to be dropping towards 3183-84 area in this week. The mentioned analyst is based on personal judgement not a trading advise

georgethevictor

Gold’s recent bull run from 2929 to 2950 signals strong bullish momentum, and future price action will likely be dictated by key technical levels and market sentiment. Short-Term Outlook: Initial Support at 2930: After testing 2938, a pullback to 2930 showed that buyers were still in control, absorbing selling pressure before the next leg up. This level now...

georgethevictor

With the US election results the USD value has been appreciated which has resulted a bear run . Currently the gold has shown an upward momentum ;however i expect gold to soon plummet below 2600 in the coming days. potential areas are mentioned with linear regression

georgethevictor

Today gold is expected to move towards 2756 or above based on the technical analysis . At this moment based on Asian market the movement started from around 2737 and reached 2741 so far . By Europe session i expect this would move further up around 2760 area ;however the possible target would be 2756. This is not a treading advice but an analysis based on volume...

georgethevictor

Based on the earliest analysis the market exactly moved as predicted. Going forward market would maintain it's bullish rhythm so I expect market to move towards 2700 eventually. So my suggestion is to hold long positions

georgethevictor

Since gold is still bullish , Rsi and other major indicator still showing at the peak , How ever its in an ascending channel and i presume this would spike up to break weekly resistance to sweep all the liquidity and stop losses . This move i believe would be around 2685-86. After this move we can expect a bearish momentum

georgethevictor

Based on my analysis the gold might move further down to 2229 or 2171 area before the bounce back which is respectively 100 and 161 Fi level based on 1 Hour chart. If you look into the regression channels the gold now bouncing back in both daily and weekly channels aligning to the above-mentioned level probability. The shared information is for analysis purpose only .

georgethevictor

I believe in the coming days gold would drop towards the 2294/2293 area and then move eventually towards 2430. The analysis is based on multiple support and resistance levels on different time frames not based on fundamentals. So my take would be interim sell and them eventually get into buy once the trend form in the mentioned direction

georgethevictor

Gold in the coming week is expected to push further towards the 2400 region after the initial pullback. I strongly believe this would be the possible direction since last week the gold pushed down and was trying to get its upward momentum. This week I believe buyers would take the role to push it upwards The suggested move is based on my analysis not trading...

georgethevictor

Gold surged up as expected currently trading between the 2080 and 2090 range as of 4th March. This is further expected to move high towards the 2120 area and turn bearish or towards the 2140 area before the reversal. since the new month and week created new higher resistance levels I have considered these as 2 scenarios. In both cases, if the trend continues...

georgethevictor

Dear All As expected gold is still maintaining upward momentum. I expect the move will continue to the scenario 2 highlighted in the picture and I expect this month it may touch the 2060-2070 area. There is news coming up, however, I assume this would be the possible direction. 100 fb expansion is around 2040 and 161 is around 2070 in the daily time frame. ATR...

georgethevictor

Dear All As per the earlier analysis, I expected the gold would follow the bearish move, how ever the gold has an interim pullback which is expected to move based on the shown possibilities in the chart. I expect the first possibility which is movement towards the 2040 area and then drop towards the 1925 area which is marked in red color, worst case scenario the...

georgethevictor

Technical analysis indicates a further drop with gold towards its 161 expansion level based on daily chart analysis. I believe gold would drop eventually to the 1940 range before the pullback. This week's news would be vital to confirm this move. This is for analysis only not a trade signal or suggestion I would be personally holding short positions towards this...

georgethevictor

Gold today expected to move around 2030-2029 by the Asian session and expect move further upwards to 2040-2045 range during Europe US session. Personally, I would target only long positions for the time being. The price currently bounced from 50% Fib expansion level and my target would be around 100% Fib expansion level which is around 2045 -2048 range. Further...

georgethevictor

Gold would probably again pull back towards the 2030-2032 area and then spike toward its 61% Fib expansion 2048 -2049 region. In Higher time frames, it may be a downward trend forming around the 2040 area. However, based on my weekly analysis, I assume that the gold hasn't yet completed the up movement and probably would hit the 2060 range within this week or...

georgethevictor

I expect gold would move towards 20230 -2028 range for a short period and then spike up towards 2045 region . This is purely based on technical analysis . Hope no major changes would impact on todays movement . What ever you do , who ever you follow , manage your risk and capital accordingly . There is no 100% perfect prediction

georgethevictor

Even though last week's news pulled the gold with a bearish move as per my analysis on higher time frame gold hasn't completed its weekly high yet . Hence i expect gold in the coming days push up around the highlighted level to complete the gaps . After this i would expect a good bearish move where the USD forecast for the coming quarters are not great.

georgethevictor Updated 

As I predicted this week gold moved towards the 2060 area I believe still a minor spike to the 2070 region is possible. However, my sell orders are active since gold found its higher high with 161% Fix expansion hence I would be further looking for the bearish run only