Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange)
Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A better confirmation would be waiting for a proper break below off the bullish channel(yellow) Then we can add sells with first target 2047. If gold mange to push up again then wait for proper confirmation around 2072 for sells.
In the long run i am focusing on 2047 for potential going long again. But we need to follow priceaction around that level. Bullish target from here are 2070, 2090 and 2100
resistance: 2072, 2090, 2100
Support: 2047, 2032, 2018
Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A better confirmation would be waiting for a proper break below off the bullish channel(yellow) Then we can add sells with first target 2047. If gold mange to push up again then wait for proper confirmation around 2072 for sells.
In the long run i am focusing on 2047 for potential going long again. But we need to follow priceaction around that level. Bullish target from here are 2070, 2090 and 2100
resistance: 2072, 2090, 2100
Support: 2047, 2032, 2018
Nota
Gold managed to respect the bullish channel and gave a good rejection. Did not manage to take the trade because it was during the night(Asia session)Nota
Posible gold is forming a head and shoulder pattern. Wich can indicate the fall off gold. 2072 is resistance. My advice remains. Sell below 2072 after confirmation.Nota
Gold declining atm. My sell advice working out! focus on target 2052Nota
Still bearish in my view. Looks like bullish channel broke and retest follows. Need to keep shorting the market with target 2052 shorterm target.Nota
As expecting. GOlf fellNota
Target 2052 reached. Congrats to those who followedNota
Focus on buying around 2034-2031 level. Target 2045 and 2054Nota
Target achieved.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.