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Gold Technical Analysis (XAUUSD) - 04 Mar 2024SHORT Case • A large short opportunity could present itself near $2050 region, taking Gold back down to retest the $2000s. • Gold short positions should be used as hedges against buy position in the current market. LONG Case • We expect golds push up to peak somewhere around $2050, where we co...
Read MoreSHORT Case • Gold reaches $2000 as we had expected for some time. • The fast rebound in gold leaves room for shorting opportunities down to around 2008—2000 LONG Case • We look for buying opportunities on gold near 2000s • Medium term we are bullish on gold, although gold, we are looking for a new all time high possibly closer to $2200.#Marke...
Read MoreGold hits our Target $2000As I mentioned in my market report, I'm looking to see if this fall will stop somewhere in this zone: $2000 - $1950. After a lot of difficult Gold reached $2000 last week. Giving us an incredible $70 catch on gold. 📈📉Any gold trader knows a $70 catch on gold is very difficult. My forecasts my seem unrealistic or unbelievab...
Read MoreSHORT Case We’re are still looking to see how price will react around the $2000 level.—although not quite there yet. We would take upward movements are new selling opportunities. LONG Case Medium term we are bullish on gold, although gold could be heading towards $2000-$1950s for the near term. We remain on the lookout for any strong upsid...
Read MoreGold Technical AnalysisSHORT Case• Gold has resumed it’s fall as expected in our last report. $2060 was a good sell area, as well as $2040.• We’re looking to see how price will react around the $2000 level.LONG Case• Medium term we are bullish on gold, although gold could be heading towards $2000-$1950s for the near term.• We remain on the lookout...
Read MoreSHORT Case · Gold reached bottom around $1930 as calculated in previous reports, where we suggested not to do any Short Sell trades. · Gold still looking strong until at least 2000 where we might find a good sell opportunity around $2010—$2020. · We would not recommend doing any Short Sell trades on gold currently....
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