Today my analysis on Gold / silver / EURUSDHello dear fellows of mt5 forum i hope you will fine and exciting to get good amount of profit from forex
My personal trading result
last day i place buy in gold as you can see i know that i am taking risk but i was full of confidence to get good or some profit form the gold current positive move and luckily my TP hit and i collect profit from gold metal. i used short term range profit strategy and i always do or implement such a strategy short risk small profit collect and exit from the market .as you can see beside this i dive into the other pair AUDJPY GBPAUD and take profit so lets discuss now about gold analysis
Gold Analysis overview / Forecast
Daily analysis on the DAILY timeframe in the GOLD pair shows that the price has tried to break the previous closest fractal down, alligator conditions are in bearish mode, while other supporting indicators, namely Awesome Oscillator, are in negative numbers and ADX is at 22.
So for a sell setup can be done if there is a price retrace or a slight correction or you can also immediately enter a sell with the TP range at the nearest S / R below it around the price of 1,710 and the SL is around the nearest fractal up or at 1724.86
The gold price is currently below the short-term support trend line. Gold price will again test the upper wedge border around $ 1724. These levels provide a good bullish risk-reward opportunity. For now, the trend is again bearish in the near term as long as the price is below $ 1720. The inability to hold above $ 1,1700 is bearish. Resistance at $ 1,7240 remains. At the moment we see a continuation of the move lower before the high to $ 1,720-30. Bears will gain complete control of the trend from a weekly close below $ 1,1700.
I think today gold is more bearish and fell further after passing 1700 I hope more down today touch the next few hours 1690-80
It shows that the buyer is tired, he needs to rest for a while to walk again. The supporting material again, Gold has touched the SND level. Most likely Gold will go down first before rising again. The EMA50 supports the suggested negative scenario after closing the daily candlestick gold price giving confirm breaking signal 1720 and testing the 32% Fibonacci retracement level. in the upcoming sessions, the bearish trend sustain then we can expect more decline in gold price level my expected target would be around 1675- 1650 in the larger aspect and this bearish trend valid if the price hold below the level 1724 and sustain at least us session,
silver metal again under negative pressure and this negative momentum force the silver price down. I have used in my analysis alligator indicator and price below the all red blue and green line after gaining some positive momentum price bounce back from the 61.8% Fibonacci retracement trying to break the 50.0% level but remember i have my light green major trend line after kissing this trend line price bounce back and holding above my trend line, if the price break the trend line and hold below then my target would be 25.08 and we can see some fresh selling in silver the ultimate scenario is negative and bearish avoid buying until price break the level 26.90. which is a good resistance level in my point of EMA 50 also confirming the negative momentum in silver
The EURUSD pair resumes its negative trades after 50.0 Fibonacci retracement level price move to the negative direction to move away from 1.2064 level, i am in favor of selling and my ultimate goal would be 1.1950 . but the expected negative trend valid if the price of eurusd stable below the 50 % retracement level. if the sellers break the level 1.1951 then the next expected target would be 1.1850 , or more 1.1800