RunMyBots

RunMyBots

Current Price Action: Gold is currently trading at around $3,442, nearing the upper boundary of a well-defined upward-sloping channel. The latest candle shows bullish momentum with a strong close near the daily high, indicating continued buying pressure. Key Observations: Trend Structure: The overall trend remains bullish, with higher highs and higher lows...

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The current H4 chart structure shows that price has recently broken out of a descending channel and is now trading inside a potential ascending channel. This breakout indicates a possible shift in market sentiment from bearish to bullish. Key Observations: Downtrend Break: The previous bearish channel (highlighted in yellow) has been broken to the upside,...

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Head and Shoulders Break and Retest Downtrend Entry at Retest SL at Right Shoulder TP at lower channel breaking point of support.

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We might have identified a down-channel on GOLD on the H1.

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We reached the upper level of the support channel. If we break and retest, we can go up even higher, but if we get rejected we might go down to 3200.

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GOLD (XAUUSD) is reaching the lower support trendline level which could now become a resistance level if we do not break it.

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Supporting Uptrend lines were holding in the last couple of weeks. Gold formed a new supporting area between 2748 and 2789 Addtionally we have and a strong daily support at 2882.

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third attempt to get rejected by the resistance zone failed. We broke through!

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Do we end the week with the 3rd rejection on the daily resistance zone?

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We see a parallel channel inside a parellel channel. Still massive up-trend support. As for now, GOLD is still consolidating and preparing for the next big move.

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- The supporting trendline was broken 2 times. - Double Top confirmed the resistance. We are going to see a trend move to the downside or a consolidation first to then decide which way we go.

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2nd supporting trend line identified. Bullish channel created.

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We have a supporting Upward Trendline with a strong daily support foundation. If we bounce from the ATH double top and get rejected to the daily support AND break the upward trendline, we might see a break of the strong daily support foundation to create an new downtrend.

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We have a supporting Upward Trendline with a strong daily support foundation. I am looking for a break and retest of the All-Time-High to make new higher highs.

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We have a strong triangle setup and are looking for a break to the down side.

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Support and Resistance on the 15 minutes before the NYSE opening.

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Watch this beautiful Support and Resistance channel on NAS100 on the Daily chart. All the FVG have been taken out on the bullish side outside of the channel and there are many FVG within the channel on the bearish side with are still open.

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Pitchfork on GOLD. As I cannot predict the future of GOLD, I publish my chart analysis and you have to decided in what direction GOLD will move and take action.