Looking at gold today, I think there is an interesting setup for a gold LONG. The candle will close as a Doji, and close to resistance from november low at 1764.
But more fear of higher inflation and long-term rates + higher economic activity post-covid narrative will put downward pressure on gold. If it breaks 1764 it might cause it to fall towards next range resistance at 1680.
Been a couple of weeks since we have looked at GOLD . Price still continues to drop in bearish price action with lower highs and lower lows on the daily TF. I think price might come down to this monthly demand zone with trend line and possible reverse from there. Remember always wait for price action to confirm support has been formed as we could drop through to the zone below. There is the small daily demand zone just below but it broke the previous demand so it could signal a move lower. Wait for now, better to get the best entry we can. GLIYF
Last time on Gold we had just created the small supply zone , which proved to be quite a collective area for sells, as price has pushed down strongly since. You could of actually sold from there and made some good profits but that wasn’t on my radar. We currently find price sitting in the monthly demand zone . I’m looking for price to accumulate here and possible buy off the trend line for a push back up to the big down trend line above. The back up scenario is if price was to push through for more continuation to the downside. Wait for the break and retest on that setup. GLIYF
Good morning all. The new week has begun, GOLD has reached my favored area of interest for a buy. We can get a fairly tight top loss here on this setup. Price is currently in a monthly demand zone and we have also met the trend line for a multiple confluence entry on this position. As always only use 1% max risk on any position. Because price could quite easily drop further below and confirm a longer bearish movement for which my bias would change to a sell. Fairly easy trade this one with 1:6 R:R. GLIYF
Good morning all, Just a quick update today on the Gold buy we took on Monday. We are currently sitting in just over 480 pips in profit on this trade. But we need to keep watch for price action when it comes to the downwards trend line . There’s a possibility that price could make a lower high and continue in the bearish trend . That’s the vital part for this trade, if we don’t break through then we take profit, if we manage to break through then we can continue to hold until we meet supply. GLIYF
Good afternoon all. Little update on the Gold trade I took. Currently 340+ pips in profit on this setup. The trade is currently set to risk free so we cant lose anything on this now. I’ve included the other time frames so you can see another reason that backed up my buy option, we broke above the previous supply area and price came back down to demand and the trend line . Lovely setup in my books. Would be great if we could visit the supply zone above. Keep holding for now, will update again when we get some good directional movement . GLIYF
Good morning all, back on gold again today. Last time i took a trade on gold . we had the same setup buy from this monthly demand zone . The last trade failed to break the trend line convincingly so the trade was closed for 400 pips. We have since seen a lot of consolidation and most recently a drop back down to what looks to be a double bottom . I waited for support to form and this demand zone provided it. Impulsive bull candle so I entered on the candle close. Looking to visit the supply zone above for 1:3 R:R on this position. Easy one to take again GLIYF
Good afternoon all. Checking back on the gold trade today and happy to report currently 282 pips in profit. It will be vital what price action does over the next couple of days as we have just hit that daily demand zone . There is a chance that it could refill there and drop back. If so then get ready to close and bank your profits. If we make it through then we need to watch for the dynamic moving average resistance that it will provide. Two obstacles to watch for but easy enough to react to. Hold for now and make risk free. GLIYF
Good morning all. Trading week is over, perfect time to look over the trades we have open. Today Gold is the pair, and happy to report we are 391+ pips in profit on this position. We broke the supply zone on the last high. Looks like we have created a little demand zone here so i think we can continue to hold our long position. The dynamic resistance of the moving average is next to push through, if we get through that then I think the bull has taken over and we should see TP hit. Hope you all have a good weekend GLIYF
Good morning all. Checking back in on our GOLD buy trade. Price broker higher then the previous lower high before the support formed at the double bottom . It has now create da higher high and what looks to be a higher low. The moving average is providing dynamic resistance as we can see price accumulate positions at the price level. Still 390+ pips ish as last time I updated but over the next couple of days will provide us with the direction it will be moving in. Hold for now will update again in a few days GLIYF
is it not already at 1781??
Sorry, please try again. You got hit by your SL. 
Please dont put your rubbish silly signals on my thread. you havent even provided any analysis. GO AWAY
Good evening all. Markets start again soon so a little update on our Gold buy trade. Currently going well, market structure has formed nicely for the buy to continue. Currently we are 700 pips up on this position. Move SL into some profits to secure the bag. As with Gold you never know and it could quite easily turn on us. But I think TP could very well be reached for us, breaking and closing above the moving average is a nice sign. If we reach TP then close half position, just incase we do get a bigger bull push, weekly demand is in control so we could see good movement upwards. GLIYF
Good morning all. Checking back in on our Gold buy trade today. Currently 810 pips up on the position. We aren’t far away from our projected TP zone. Its looking good for a bull run medium term at least. We have broke above the moving average and creating higher lows and higher highs. I would move your stop loss into profits to secure yourself profits. But don’t set a hard TP just yet, as its possible we could move past the TP zone and go higher, so I will keep updating and we will keep moving up the SL into more profits the higher it moves in our desired direction. Enjoy your weekend knowing you’ve secured a big bag of pips. GLIYF
End of session yesterday, gold precious metal had 1 day of increasing as expected from 1768 to 1783 ($ 15) closed the daily candle with a bullish candle again after 2 previous falling days. . With the falling gold did not break through the 1768 price zone yesterday and rebounded so in my opinion this momentum will be maintained in the beginning of today’s session.
Good afternoon all, checking back in on GOLD today. Price has been in consolidation for a few days now. I’ve trapped price in this bear flag which we can see here. I’m thinking the next directional bias is being accumulated currently before we see a breakout. I still think we are heading north so if you’re still holding just make sure as always you’ve secured some pips for profits. Even if we break below and your SL is hit then there is good demand below where we can re enter. Watch for now see where it takes us GLIYF
Good afternoon all, checking back in on the Gold buy position today. Last time out we we’re inside the flag looking for the breakout. Well price did just that and we got the expected upside breakout to continue on our buy position. I think we should see our TP projected zone hit soon enough. Current daily candle is wicking out form the bottom and the moving average is starting to turn upwards also. Keep holding for now and remember just to keep moving stop loss up as its possible we may go past our projected TP zone into the supply zones above. GLIYF
Good morning all, quick update on the GOLD buy we are in. TP zone 1 has been hit for 1000 pips, price has surpassed the level we projected. As I said previously not to have a physical TP set as we could be moving higher to the higher supply zones or the downtrend above. Directional bias is clearly bullish now so we can continue to hold. Either close half position and let the rest run, or hold full position. If you did close then the next buy in opportunity would be a pullback here to the secondary trend line to reach the trend line . If we break above the downtrend then I can see the top supply zone being hit. I have marked out the areas for you to monitor if you wish to stack or re enter. GLIYF
