What is the potential upside for gold?

1 mar 2023

On the daily chart, gold has been experiencing divergence between volume and price, with continuous downward movement. Bullish momentum has been building up, but has not been fully released. In the last two trading days, the MACD momentum bar has further contracted in the bearish territory, indicating a potential release of bullish momentum. Additionally, the MACD is about to form a "golden cross", suggesting that gold prices are likely to continue to rise. The medium-term target is around 1880, and for those who are less active, a medium-term long position can be considered. In the short term, the trend is mainly upward with some fluctuations, and specific wave trading strategies will be updated continuously.

1 mar 2023

Nota

The long-term bullish outlook remains unchanged, but for short-term trading, on the 30-minute chart, the MACD indicator shows divergence, with price rising while volume is falling. This suggests that the upward momentum may slow down to correct the indicator, and there may be a demand for a pullback in the short term.

1 mar 2023

Nota

The long-term bullish outlook remains unchanged, but for short-term trading, a short position can be entered near 1840, with a target of 1832. It is important to note that short positions should not be held for the long term, as the long-term trend remains bullish.

1 mar 2023

Nota

Gold has approached the aforementioned level of 1840, and short positions can be entered with a target of 1832. Please follow me closely as I will continuously take profit.

1 mar 2023

Nota

There was significant resistance around 1840, and the market began to decline, waiting for profit-taking around 1832.

2 mar 2023

Nota

Welcome to our new friends who just joined. The market performed as expected, and we successfully took profit!
The overall direction remains unchanged, and we continue to maintain a bullish view on the medium-term through wave trading, gradually achieving our target levels on the daily chart.
If the situation changes unexpectedly due to economic data, I will promptly adjust my opinion.
Currently, I hold a short-term long position with a target around 1838, and my view remains unchanged.
Please follow me for more updates, and if you agree with my analysis, you can send me a free "rocket" to show your support.

2 mar 2023

Trade chiuso: obiettivo raggiunto

The gold is getting closer to our previously mentioned target, and we will take profits again in the short term. After taking profits, please wait for the next signal to appear. I will continue to provide my views. Follow me for consistent profits!

2 mar 2023

Nota

This position is suitable for taking profit, and those with more courage can look towards around 1842.
Based on the current trend, there is a high likelihood that the market will reach the level of 1841-1843.
When the price approaches the vicinity of 1842, we will consider whether to enter a short position based on the situation. Wait for my instructions!

2 mar 2023

Nota

Friends, we have once again taken profit in our gold swing trading.
We have not made any mistakes so far, and we have taken profit from gold again! Our target of around 1838 has been reached, and the next target is 1841-1843. Our view remains unchanged! For those who are more conservative,
you can exit near 1838, while I will keep a small position to see 1841-1843.
Once that is reached, we will secure our gains and wait for a clear signal before taking further action.
Please follow my instructions and stay tuned.

3 mar 2023

Trade chiuso: obiettivo raggiunto

Gold has performed as expected, reaching our second profit-taking target.
Now, I have posted three charts: the first one is a daily chart, and the golden cross is in sight. Therefore, a large bullish candle will appear soon, and the bullish sentiment on the daily level remains unchanged.

The second chart is a 1-hour chart, and the death cross is about to occur, indicating a short-term adjustment. You can stay on the sidelines and wait for confirmation of support after the pullback before boldly entering long positions.

The third chart is a 4-hour chart, and the MACD histogram is flat, indicating the possibility of another volume spike. Once this occurs, a cycle resonance will be triggered, and we can enter the market with confidence.

In summary, we have taken profits in several consecutive days of trading. Today's strategy is to go long after a pullback, as shown in the chart. A high probability of a large bullish candle appearing today! Once the signal appears, I will prompt for entry. Follow me, and you will buy a Lamborghini tomorrow.

If the price comes near 1836, we're done for today. Only long positions and no short positions today! Shorting may cause a trap, but long positions will definitely be profitable!