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#Gold #GC #Futures #Profit
Hey, guys.
The gold scenario worked exactly, the price was thrown 3% upwards, making a false breakout, and then as you can see on the chart, the price went back to sideways again. I don't see the culmination volumes that would say about the end of the trend, rather it is a respite for accumulation of gasoline, and some time the instrument can still spend in the range, and then continue to grow closer to August. Therefore, now I do not see a medium-term short, but I am looking for an opportunity to buy on correction.
Stay tuned.
Hey, guys.
The gold scenario worked exactly, the price was thrown 3% upwards, making a false breakout, and then as you can see on the chart, the price went back to sideways again. I don't see the culmination volumes that would say about the end of the trend, rather it is a respite for accumulation of gasoline, and some time the instrument can still spend in the range, and then continue to grow closer to August. Therefore, now I do not see a medium-term short, but I am looking for an opportunity to buy on correction.
Stay tuned.
#GC #GOLD #Gold #Instrument_Overview #Profit
Gold continues to feed, just worked the support zone perfectly after a test of 2360$ bounced 3%. Closed with a nasty pin bar on the hourly, supports to watch are 2400 and 2350, medium term support is still 2280 which is the lower boundary of the sideways. Technically, the instrument has approached the upper boundary and now there is a small potential for upward movement. I expect that the instrument can still go up a few percent by making a false breakdown and taking the target of 2450, and then we can expect a return to the sideways. An alternative scenario is a breakdown and consolidation above 2450 and an acceleration on shorts to the zone of 2500-2600. So far I fixed and wait.
Stay tuned.
Gold continues to feed, just worked the support zone perfectly after a test of 2360$ bounced 3%. Closed with a nasty pin bar on the hourly, supports to watch are 2400 and 2350, medium term support is still 2280 which is the lower boundary of the sideways. Technically, the instrument has approached the upper boundary and now there is a small potential for upward movement. I expect that the instrument can still go up a few percent by making a false breakdown and taking the target of 2450, and then we can expect a return to the sideways. An alternative scenario is a breakdown and consolidation above 2450 and an acceleration on shorts to the zone of 2500-2600. So far I fixed and wait.
Stay tuned.
#GOLD #XAUUSD #GC
Hey, guys.
In the last mid-term review I said that I don't see a short on gold and planned to use corrections to set a long, which actually I managed to do.
The price of gold tested its average values and continued to rise. At the moment it reached ATH, the price approached the strong option level of 2550. Perhaps we will see some more upward movement of the price to the zone of 2580-2600. Locally, we have a rising wedge, local support is below 2470-2500. Statistically we are approaching a weak September for gold and there may be some corrections and landings, and recovery closer to October.
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Stay tuned.
Hey, guys.
In the last mid-term review I said that I don't see a short on gold and planned to use corrections to set a long, which actually I managed to do.
The price of gold tested its average values and continued to rise. At the moment it reached ATH, the price approached the strong option level of 2550. Perhaps we will see some more upward movement of the price to the zone of 2580-2600. Locally, we have a rising wedge, local support is below 2470-2500. Statistically we are approaching a weak September for gold and there may be some corrections and landings, and recovery closer to October.
🧨🧨🧨Binance is holding a contest for the best content creator, if you are interested in my content support me with your vote by clicking the appropriate button under my profile. Appreciate it.
If it was useful for you don't forget to subscribe so you don't miss anything and give us a reaction.👍
Stay tuned.
#Gold #GC #Futures #Profit
Hey, guys.
The gold scenario worked exactly, the price was thrown 3% upwards, making a false breakout, and then as you can see on the chart, the price went back to sideways again. I don't see the culmination volumes that would say about the end of the trend, rather it is a respite for accumulation of gasoline, and some time the instrument can still spend in the range, and then continue to grow closer to August. Therefore, now I do not see a medium-term short, but I am looking for an opportunity to buy on correction.
Stay tuned.
Hey, guys.
The gold scenario worked exactly, the price was thrown 3% upwards, making a false breakout, and then as you can see on the chart, the price went back to sideways again. I don't see the culmination volumes that would say about the end of the trend, rather it is a respite for accumulation of gasoline, and some time the instrument can still spend in the range, and then continue to grow closer to August. Therefore, now I do not see a medium-term short, but I am looking for an opportunity to buy on correction.
Stay tuned.
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