If you have been following my gold analysis and posts where I gave a swing short setup, I explained how we could see a good bounce from 1900 area and we have witnessed just that.
The chart is self-explanatory as to why we bounced. There were several confluences for the exact bounce price, it was a golden pocket which interested with trendlines from falling wedge and ascending broadening wedge perfectly.
Also as shown below we have Gann 1/2 support right where it bounced from.
Now I am waiting for Gold to move past 1980 area which is strong resistance as it's a macro-VAH as shown below which is exactly where gold is rejecting from currently.
Once it does move past that area, I am looking at another short setup on Gold from the exact measured move area of the wedge which is confluent with a cypher on the 4H timeframe as shown below.
If this short does not work Gold will create new all-time highs.
The chart is self-explanatory as to why we bounced. There were several confluences for the exact bounce price, it was a golden pocket which interested with trendlines from falling wedge and ascending broadening wedge perfectly.
Also as shown below we have Gann 1/2 support right where it bounced from.
Now I am waiting for Gold to move past 1980 area which is strong resistance as it's a macro-VAH as shown below which is exactly where gold is rejecting from currently.
Once it does move past that area, I am looking at another short setup on Gold from the exact measured move area of the wedge which is confluent with a cypher on the 4H timeframe as shown below.
If this short does not work Gold will create new all-time highs.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.