ForexGoldIntraday

Last week gold was very volitile. with big movements up to 700pips. During market closure gold got big pricegaps. Be carefull trading this volitile market. Notice the longterm uptrend in the daily and weekly time frame. If we break it down to H2 we got a clear head and shoulder pattern. It will only be valid if gold manage to break the neckline of this pattern and break below the H2 FVG/support located around 3246 up to 3256. Confirmed break will send gold lower. If gold manage to break above the resistance trend our first bull target should be 3365 level. I use Priceaction trading only. Resistance: 3319, 3343, 3367, 3385 Support: 3294, 3246, 3232Neckline couldnt break. Gold pushed higher broke the resistance trend. if 3368 right shoulders breaks then switch to buys.GOld rejected the resistance zone 3346.Focus on key support 3268. Got multiple rejections created here.(wicks) Below we have FVG and support zone wich has not been tested yet. My expectations are that gold will try to grab liquidity here and create fakeout(Leaving big wick) back up above to 3283 and posible above. Need to watch priceaction carefully

Currently gold is in a corrective phase. My expectations for is a further climb to around 2650-2655 range. In the daily timeframe we can see Supply zone. A good rejection may follow here. Notice the support trend below, If it still get respected gold can push up again. A break below after confirmation will shift our technical analysis, and selling the market becomes prio. Resistance: 2635, 2643, 2651 Support: 2622, 2613, 2604

Posibilities. Market still in a uptrend. Looking for bearish wave after break support channel. Notice the market did not form HH(Higher high). Wich may indicate weakness in the bullmarket. A break above the resitance trend might send gold higher again. If it can stay below posible goLd will fall towards 2625 bearish target. Waiting for priceaction atm. Resistance: 2668, 2685(ATH) Support: 2653, 2640, 2631Update on gold. Information is on the chart. We might see a further grow for gold.

In the bigger timeframe were in a big uptrend atm. Buying the market seems more preferable. But we can still catch bearish waves. Focus on the support trend. Break below will send gold lower towards bearish target 2532. We also have a smaller resistance trend. Break above will unlease a bullish wave back to last ATH. If this zone keep rejecting we will see gold fall first. Reistance: 2600, 2593, Support: 2585, 2575, 2569, 2561

There are some important levels to notice. In order to understand what is happening with gold. Gold is currently moving sideways in H4. Respecting either the ATH resistance or the lower support zone 2477 More information is provided on the chart

Gold has been climbing up for the last weeks. Take notice for the trend support. Very important for gold. If this zones keep respecting we will keep seeing gold push up. Al confirmed breaks above 2510 will send gold back to ATH for a retest. Confirmed break below the support trend unlocks the bearish target of 2460. Resistance: 2497, 2507, 2519, 2530 Support: 2487, 2477, 2469, 245

Last week ended with NFP wich pumped gold sky high. In the long run we can focus on short te market again. Before a posible pump bullish again. Bearish target 2370 intraday. Wait for priceaction before entering shorts resistance: 2396, 2406 Support: 2387, 2379, 2371Perfect fall of goldPosibility.

Gold moving inside a channel atm. Buying and selling intraday is preferable. Depending on wich side gold breaks out(Only with proper cinfirmation) We follow that route. After breakout we might expect a big move ahead. Bullish target 2355. Bearish target 2288 Resistance: 2332, 2340, 2347,2354 Support: 2321, 2315, 2395, 2387

Short analysis. Focus on the retest zone of the channel.Good move down.

If we look into the weekly time frame, notice the bearish ungulfing candle pointing out lots of selling momentum in the market. Last friday gold broke a important channel retested it and gold crash followed. In the bigger timeframe picture we have confirmation for posible more fall for gold. Shorting the market for this week seems more preferable. But that doesnt mean we can't go long shortterm in the gold market. We need to focus on certain resistance levels in order to go short again. Between 2355 and 2366 seem to be a good short zone. But priceaction is key to this. I only short market with limit order when zones fresh and no orders has been taken yet. other way should be priceaction confirmations. Expecting midterm short target to be 2330 and longterm 2307. resistance: 2355, 2366, 2372 support: 2345, 2332, 2320Weekly perspecive:More downward movement can be expectedHead and shoulder pattern. Need break of neckline in order for gold further collapse. Remember, weekly timeframe showed bearish ungulfing also