Asadimoayed
@t_Asadimoayed
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Asadimoayed
The bearish trend line we thought the price would touch, did touch. In the daily perspective, I didn't expect a big reaction, but it happened. I believe we might see some sideways movement before the market moves to higher prices. However, if the price breaks the trend line, we could see more downward movement.
Asadimoayed
Gold is hanging around 2360/2316 in a bearish trend line in 4h time frame. As I mentioned typically we have bullish trend line in monthly, weekly and daily which basically we can see a TR either. By the way 2316 and 2321 is acting as supports zone that we can expect many pending orders which can cause upwards ternd lines.So in general as we are in bullish side in upper time frames every low is chance for buy but in 4H time line as we have bearish movements we need confirmation or signal bars for getting into position.Based on your strategy use the opinion and be careful in 2360 zone which will act as resistance.Share your opinion in comments.
Asadimoayed
After getting through the news markets shows some technical movements and also a trend line which you can see!By the way we can't certainly say what is the future long term trend!Based on WEEKLY timeframe we can still be on our M pattern and bearish movements.Also if Gold get above the 2340 I wouldn't be surprised to see bullish trend lines.Waiting for your thoughts!
Asadimoayed
Gold scenarios!Based on harmonic pattern and also W in weekly time frame I think we may have some bearish trend in Gold! Share your thoughts in the comments.
Asadimoayed
GOLD is moving on an ascending channel.We have daily resistance about 18**.**. We expect if the market could trade above this zone we get more bullish move.-------------------Share your opinion in the comments and support the idea with like. Thanks for your support!
Asadimoayed
GOLD made a false break at the support level + trendline and made a higher high & higher close.The price is very likely to retrace from psychological level 1800.We only consider buying opportunities from local highs because the market is in a bullish trend .-------------------Share your opinion in the comments and support the idea with Like. Thanks for your support!
Asadimoayed
GOLD is trading in an ascending channel following a bearish move. The market broke and closed below the support, which became resistance.We expect bearish trend.-------------------Share your opinion in the comments and support the idea with like. Thanks for your support!
Asadimoayed
GOLD retested the support level and bounced off.The price completed the pattern with the aim of completing the trend and pulling back to the previous TR level.Now we can predict another descending channel .Wait for more updates.-------------------Share your opinion in the comments and support the idea with like. Thanks for your support!
Asadimoayed
GOLD is moving in the descending channel .The market is decelerating while approaching the support level .We expect some retracement.-------------------Share your opinion in the comments and support the idea with like. Thanks for your support!
Asadimoayed
GOLD is moving in the descending channel. The market is decelerating while approaching the support level .We expect some retracement. -------------------Share your opinion in the comments and support the idea with like. Thanks for your support!
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