Gold daily plan and analysis

[perryjohn765]

is it safe to guy gold now? i mean can i earn?

 

[Skoljkica]

1866.38 reached, closed sell.
It is likely for price to do one more push down to 1861.79 but I am done with selling.

 

[Skoljkica]

is it safe to guy gold now? i mean can i earn?

Nothing is safe in this job.
You need to have your plan why, when, how much and what if.
If you can't answer those questions you should reconsider your plan.

You are welcome to write your analysis here.

 

[Skoljkica]

Consolidation before news, price is stuck between 1874.80 and 1866.38

Above 1872.85 buy
Resistance lines on the way:
1881.60
1889.99
1896.83
1903.04
1907.88 (my final TP)

Below 1866.38 sell
Support lines on the way:
1861.79
1857.13
1852.77 (my final TP)

 

[Skoljkica]

7.6.2021.

Today I'm buying gold.
My buy entries are:
1883.42
1877.01
1872.85

Resistance lines on the way:
1887.15
1891.35
1893.82
1902.81

My target is 1902.81/1904.16

 

[Skoljkica]

8.6.2021.

1904.16 reached.

H4 entered sell mode

If price is going down 1896.33 will act as a resistance and my sell is below
Target is 1872.85
Support lines on the way:
1888.48
1883.42
1877.01

If price is going up 1896.33 will act as a support and price could go up to 1923.56
Resistance lines on the way:
1904.16
1907.88
1915.44

 

[Skoljkica]

Nice SL eraser, but I'm still holding short at 1896.33 (actually entered at 1899.76)
Protected order.

 

[Skoljkica]

9.6.2021.

Still shorting gold with the same target 1872.85

Sell at 1891.35
Support lines on the way:
1888.48
1883.42/1881.52
1877.01

Note: possible one more push up to 1893.75, but if price breaks it could go more up to 1899.22/1904.16/1907.88

 

[Mila2710]

Few minuts ago H4 finished head and shoulder pattern, so hopefully see you down.

 

[Skoljkica]

Few minuts ago H4 finished head and shoulder pattern, so hopefully see you down.

Yes, price shouldn't break 1893.75 anymore to continue it's downward movement.
Possible push as a SL eraser.