victoriachua

After the big down, price seem to be respecting the support by the triangular wedge, can try a short term buy order. Enter: 4040 or lower Stop loss: 4000 TP1: 4065 TP2: 4100 TP3: 4170 when price reaches 4200, do exercise caution and observe first. Not trading advice

Gold price dropped from the wedge early in the week on Tuesday and "U turn" on Wednesday. It is possibly forming a double bottom structure, similar to silver. Do not short gold now, buy on dips.

This is what I think: we have an ascending wedge pattern that usually results in a bearish downward breakdown. The next support level will test 3800 area.

Gold had dropped from 3890 area yesterday. Based on 1. Dominant Candle break Fibo 2. Support and Resistance 3. Trendline support Next price level to consider to buy is 3780 area, if it drop further, we can look at 3700 area. Good luck !The silver price already broke beyond recent high this morning, so signal isnot valid anymore.

Gold is breaking out of the ascending channel and we expect a new ATH again. The big move might be before, during or after tonight CPI and PPI data. Gold 30 min chart Enter: Buy/long 3645 stop loss: 3630 Target 1: 3675 Target 2 : 3700

Gold has finally come down ! Based on the Fibo levels, the next best buy levels are 3515-3520 3475-3480 Good Luck !

The coloured rectangles are the support and resistance based on last week H4,H8, daily and weekly closings. The Fibo retracement based from the recent lowest to current high. We also have dominant candle break TP1,2,3 levels. 1. Fibo retracement 2. support and resistance 3. Dominant candle break They all point to 2 levels we can buy 3455 3425 Good luck !

On Tuesday 26 Aug, I shared a gold trade idea (please refer to previous post) Buy 3365 stoo loss 3350 Target 1: 3390 Target 2: 3400 Target 3: 3420 Target 1 and Target 2 reached ! Hooray ! Target 3 might have some challenge, price might come down before going up again. Generally speaking, Target 2 can take profit already.

Gold 1 h chart Gold is repeating this pattern of spike up --> sideways --> spike up --> sideways so we expect more upside, also shown in Daily chart. The best price to buy is 3365 (if it go to that level) and stop loss 3350, if price close below this morning big green candle, abort long/buy trade. Target 1: 3390 Target 2: 3400 Target 3: 3420

I should have noticed that the gold price was not coming down a lot and before a big news event, sometimes the price action is opposite one. I was surprised price started to move at 10 pm, I thought will be 10.30 pm when Powell said some "key words". Gold had turned bullish, Monday we might expect a bit of retracement, but higher prices expected, target 3400-3420.