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Gold Technical Gann Fan Analysis! Based on price action on this week we will have these key price points:
resistance: 1889.70
resistance: 1907.10
support: 1842.60
support: 1819.30 (main bottom)
The main point for today is: 1889.70
any news about election, vaccine and stimulus can give momentum for gold!
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The information given is not a financial advice!
Buy Clear Retracement after a Strong Bullish DivergenceClear Retracement after a Strong Bullish Divergence, Entry at the reversal after the retracement as Bullish Divergence continues to the upside!
Gold to 1810 and launchLower highs
broke support at 1860
set new low at 1850
slight up move up
if we close below 1900 i expect a drop down to 1812 and then a big move up.
Invalidated after push beyon 1925
Thoughts?
GOLD\XAUUSD (Y20.P4.E1).Continuation formation.BullishHi All,
If we use the principles of triangles which is pause in the trend, consolidation and using the flagpoles as the next target, we have this.
The RSI on the 12 hrly supports this triangle formation.
Looking at the overall markets, USD index, there is no clarity as to what gold will do in the short to medium term.
With this chart, I have it moving up but I don't see it making new highs any time soon.
Most likely a ranging price action with a slight upward trajectory.
Please give me a like or tick for this post.
Cheers,
S.SAri.
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Bendiciones para todos, que sea una semana llena de pips y aprendizaje que es lo mas importante.
GOLD Trading IdeaI am looking for a pull back to the 1987.200 area and a continuation of going up. Gold has been making historical highs lately and as of now I don't see that stop. I am still overall bullish on this pair unless the market tells me otherwise.
How to trade Gold now?
Hello friends
I am Iranian
I can not speak English well
I apologize for this
Gold could not rise after the formation of the flag pattern
Then
Now we see it has become a rectangular pattern
If the resistance line breaks in 1814, it can rise to 1929
That is, up to the middle line
gold short to long potenctialgold showing its coulours as the safe haven just not as most wanted, I am seeing some downside projection, but its more correction on its touch of 1742 so many times, now the required pull bk to grenerate the momentum forward to force gold through 1742 to the 1800margin is being seen
