UnknownUnicorn3717431

UnknownUnicorn3717431

As shown on the chart, Gold still is in a down-trend but it's trying to go up.. Still it could bounce again.. Staying above 1266 is important for the up-move.. Breaking 1266 will push the price down to 1255 till 1240.. Our last week analysis is still valid.. Best Regards,

UnknownUnicorn3717431 Updated 

We expect the next move is down.. If it breaks 97.7 it highly expected to reach 96.7 up to 96.4 and if it breaks the channel it might reach the level of 95.. Regards,

UnknownUnicorn3717431

Technically, we see the formation of a positive harmonic pattern within a corrective price pattern (whose limits are drawn in black). This model is a reversal pattern that can push the price higher. In addition, there is another reversal pattern In the chart (Double Bottom): the first bottom was on April 18 at 1271$ and the second one was on April 23 at 1266$)....

UnknownUnicorn3717431 Updated 

It might be one more up, but the bias is down.. Regards,

UnknownUnicorn3717431

As we can see on the chart, a selling power is controlling the market.. The last day candle closed under the 1275 level which means the support level has been broken. The targets now are at 1265, 1260 and 1255 respectively.. It could bounce from the current level because it's at the lower line of the descending channel.. But, don't buy until it breaks the...

UnknownUnicorn3717431 Updated 

As shown on the chart.. It could be reversed from current level or it might continue to 1277.. The current level is a strong reversal level.. Regards,

UnknownUnicorn3717431

As shown on the chart, many factors indicate on down-move coming.. Regards,

UnknownUnicorn3717431

Gold breaks an important resistance and breaks the upper line of the descending channel.. It makes higher highs and higher lows leading at an up-trend.. The next strong resistance is at 1320 level.. We expect it will break the last top on 1324.5.. As long as it's over 1276$ level it's up.. Also closing under 1300 leads the price to go down again to 1285 - 1276.....

UnknownUnicorn3717431

As shown on the chart with Regards,

UnknownUnicorn3717431

As shown, Gold now is about to move inside an ascending channel .. It needs to break 1300-1303$ level to complete it's way up-side.. If it closes under 1296 it might make a down-move to 1293, 1289, 1284 and 1277 respectively.. Now it's on a strong resistance which it needs a strong momentum too to break it.. We will watch carefully what can be the action Gold will...

UnknownUnicorn3717431

As shown on the chart.. The last week closed with a bullish candle, but on the daily time frame it's between a range.. It makes us in front of three scenarios: either it breaks up or breaks down or to move in between.. Oil prices are too important in deciding the direction of this pair.. Trade carefully with Best Regards,

UnknownUnicorn3717431

As shown on the chart.. Either it falls directly because of the strong resistance and the mid of the channel at 61.8% Fibo, or it might be one more up to hit the top of the channel and then it will fall down..It's recommended if it breaks the resistance to wait until it reaches 113 or 114 and go Short.. It also can be moving inside the channel for a while, but the...

UnknownUnicorn3717431

As shown on the chart.. It's moving on a range and now on a strong support at the bottom of the range and at the bottom of the trend too.. It has a high probability to go up.. Breaking the strong support leading to a severe down-move.. Best Regards,

UnknownUnicorn3717431

As shown on the chart.. it is up but it might have one small down to hit the support level or to break the last low.. In addition, on the weekly time frame, it closed on a bullish pin bar.. Best Regards,

UnknownUnicorn3717431

As shown on the chart.. The pair moved in an up-trend, hit a bottom of the up-channel and a strong support.. Best Regards,

UnknownUnicorn3717431

As shown on the chart with Regards,

UnknownUnicorn3717431

As shown on the chart.. We expect Gold will be up on the next week.. We have a bullish divergence on a strong support with a bullish price action.. breaking 1293 level is a clear indication to a continuous up-trend.. If it descend more, it will be a good chance to take it from a good price from the bottom.. As long as it is moving inside the channel, it's...

UnknownUnicorn3717431

As shown on the chart with Regards,