Tag: Gold
Gold: ⬆️ Buy – Gold reversed from pivotal support level 5100,00 – Gold to rise to resistance level 5425.00 Gold recently reversed from the support zone between the pivotal support level 5100,00 (former top of wave A from February) and the 38.2% Fibonacci correction of the upward wave (B) from the start of February. The […]
Gold: ⬆️ Buy Gold broke resistance zone Likely to rise to resistance level 5420.00 Gold recently broke the resistance zone between resistance level 5100.00 (which stopped the earlier impulse wave 1) and the 61.8% Fibonacci correction of the downward ABC correction (2) from January. The breakout of the resistance level 5100.00 accelerated the active short-term […]
Gold: ⬆️ Buy – Gold reversed from support zone – Likely to test resistance level 5095.00 Gold recently reversed from the support zone between the strong support level 4645.00 (former resistance from January) and the 61.8% Fibonacci correction of the upward impulse from December. The upward reversal from this support zone formed the daily Japanese […]
Gold: ⬇️ Sell – Gold formed daily Evening Star – Likely to fall to support level 4600.00 Gold today fell down sharply after the price failed to close above the major resistance level 5500.00, as can be seen from the daily Gold chart below. The downward reversal from the resistance level 5500.00 formed the daily […]
Gold: ⬆️ Buy – Gold reversed from key support level 4547.00 – Likely to rise to resistance level 4800.00 Gold recently reversed up from the key support level 4547.00 (former resistance from the end of December, acting as support after it was broken). The upward reversal from the support level 4547.00 created the daily Japanese candlesticks Hammer. […]
Gold: ⬆️ Buy – Gold broke resistance area – Likely to rise to resistance levels 3700.00 and 3800.00 Gold recently broke the resistance area between the key resistance level 3500.00 (which stopped the sharp impulse wave 1 in April) and the resistance trendline of the daily up channel from May. The breakout of this resistance area […]
Gold: ⬆️ Buy – Gold broke resistance zone – Likely to rise to resistance level 3500.00 Gold recently broke the resistance zone between the resistance level 3450.00 (which has been reversing the price from May, as can be seen from the daily Gold chart below) and the resistance trendline of the daily Triangle from April. […]
Gold: ⬆️ Buy – Gold reversed from the key support level 3315.00 – Likely to rise to resistance level 3450.00 Gold recently reversed up from the key support level 3315.00, intersecting with the support trendline of the daily Triangle from April. The upward reversal from the support level 3315.continues the active short-term impulse wave iii […]
Gold: ⬆️ Buy – Gold reversed from the support zone – Likely to rise to the resistance level at 3450.00 Gold today reversed from the support zone between the support level 3272.00 (which has been reversing the price from the end of May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward […]
Gold: ⬇️ Sell – Gold falling inside wave b – Likely fall to support level 3250.00 Gold is under bearish pressure after the price broke the two upward-sloping support trendlines from May and February. The breakout of these support trendlines accelerated the active short-term correction b – which belongs to the impulse wave 3 from […]