ON fundamental footnote newyork session took price to test 2655 after finding her support from 2637 intraday ascending demand floor.the supply roof of 2655 came from a programmed ascending trendline which stopped price in London session expect more selling in coming days as buying is capped on sentiment. On 1hour we are still trading below price ,buyers are...
ON fundamental footnote newyork session took price to test 2655 after finding her support from 2637 intraday ascending demand floor.the supply roof of 2655 came from a programmed ascending trendline which stopped price in London session expect more selling in coming days as buying is capped on sentiment. On 1hour we are still trading below price ,buyers are...
GOLD on potential retest of the 2652 supply roof, attempt to break resistance will see more liquidity into yellow metal which will push price above 2670 and might reclaim 2700 on intraday strategy,
SHAVYFXHUB,we shared perspective on GOLD on potential selloff, close of Friday broke support/demand floor which was an indication of sell off, by Sydney open,sellers continued from 2650 supply roof dropping price to 2626-2623. Newyork session buyers took price to 2651-2653 on retest to a broken ascending trendline and dropped 250pips to close the day.
SHAVYFXHUB,we shared perspective on GOLD on potential selloff, close of Friday broke support/demand floor which was an indication of sell off, by Sydney open,sellers continued from 2650 supply roof dropping price to 2626-2623. Newyork session buyers took price to 2651-2653 on retest to a broken ascending trendline and dropped 250pips to close the day.
ON technical we need opportunity for sell based on break and retest strategy rule.
ON technical i see consolidation as price hold floor and roof waiting next fundamental to drive price up or down.
GOLD will be watched critically ahead of nextweek.some fundamental analysis will be watched on monday by 3:45pm Final Manufacturing PMI and ISM Manufacturing PMI.
GOLD has strong supply resistance to upswing at 2668-2665. while keeping support on broken supplyroof at the zone of 2657.bothe are critical to newyork sessions as the price action will determine trade direction for today. above 2668-2667 go long on safe haven status and geopolitical tension sentiment,below 2657 by close of 4hours candle sell in direction of...
GOLD has strong supply resistance to upswing at 2668-2665. while keeping support on broken supplyroof at the zone of 2657.bothe are critical to newyork sessions as the price action will determine trade direction for today. above 2668-2667 go long on safe haven status and geopolitical tension sentiment,below 2657 by close of 4hours candle sell in direction of...
ON technical i expect 2654 level to resist price ,but break of this level will further push price 2677zone
GOLD monthly chart shows more room for drop in price,will buyers come to rescue price? the monthly chart support is around 2470
btc will look for correction and the current supply roof provided the rejection for downswing
GOLD selling was massive dropping over 1000pip open of asian session and London kept the selling coming
GOLD on head and shoulder retest of neckline is dropping 1000pips,we hope that 2693 buy zone holds price from further fall.
ON asian session decided to drop from 2720 to 2658-2660 on structure looks like the last hope of buyers for uptick, if they fail expect more bearish drop
ON asian session buyers decided to drop from 2720 to 2658-2660 on structure looks like the last hope of buyers for uptick, if they fail expect more bearish drop
XAUUSD will buyers defend 2658 support zone, if defended expect a swing. The support structure looks strong for uptick,i believe we can get a retest on that level again