Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Gold: no rush to the upside
2021-01-27 • Updated
In one of the recent articles, we tried to make a trajectory for the gold price based on the December chart. Well, we were wrong - that's how you reality-check your projections. Gold did not follow the upward channel similar to the one it was in December and got down to 1 845.
That means, the tactical support of 1 825 should be the baseline level for bears to aim at, and 1 875 is the key resistance so far. In the mid-term, a sideways dynamic seems to be the most probable scenario.
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone