StarleXtheTrader

My analysis shows that GOLD will continue it's bullish move, as we can see our Downtrend channel was invalidated, buyers gained strength and CHoC occurred this shows us strong bullish momentum. Price broke above Resistance and now is retesting it before it continues to head up high

Good day traders, it's been a while since I shared my analysis but here's my take on GOLD There's a high chance Gold will drop as we can see bears are already in control of the trend (Downtrend confirmed), I won't go into much details but this is the possible move that might occur, be ready for anything

It seems like Gold has more buyers than sellers thus pushing the price high. Gold broke our resistance this means it might continue to push up

good day traders, as we can see from the analysis neither buyers/sellers are in full control of the price. It would be a bad idea to be placing trades now especially if you're a day trader. The best time to trade Gold would be if a breakout on either side happens, If price breaks the resistance then we can expect the price to push up as that would show us that buyers are more than sellers and are driving the price up. If it breaks below the New low then that's a good sign of sellers pushing the price down meaning we can enter our sells I'll keep an update of how it goes, you're also welcome to share your view on the comments, I look forward to that

As we can see from the analysis, GOLD is already on the uptrend and broke above our Major Key Level and is now retesting it This is a buy sign, but we have to wait for a Bullish Candlestick confirmation to enter and use 1:2 RR ratioTarget reached successfully, profits made, congratulations to those who took my advice

According to my analysis it seems like Gold might continue to go bullish all the way to the "Major Resistance Level" and the best place to catch the trend would be to wait for a break above the "New High" and use H1 to confirm Bullish candlestick

The past trend was an uptrend which failed to make a new higher, that confirmed that sellers are starting to take over the trend and now we have a break of neckline and change of character. let's wait for a retest on the neckline and use H1 for confirmation of sellers and enter

I'm not used to trading Gold but I'll share my Idea of Gold, as we can see the bears have control over the market on the lower time frame so looking for sells is the best way to stay safe. If gold close with a bearish candle in the 5M chart then I believe the trend will go down

Simple gold analysis with a high chance of making profitswait for a breakout and retest and enter upon seeing a bearish candlestick and take profit at TP1 or TP2