Barrick Gold fundamentals are amazing, due high volatility stretch the stop loss even a little more so manage well your position size, great alternative for inflationary marckets
Hello traders, Gold in 4-hour timeframe, this analysis was prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe. First of all, I have to say that the x-wave count is a triangular shape that we talked about in the daily time frame, and the orange wave counter is our 5-wave count in the daily time frame. In the 4-hour timeframe,...
Hello traders, Gold in daily timeframe , this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe. This analysis is based on the red channel and in case of complete failure of the bottom of this channel, this possibility will be completely fielded. In this probability, waves (1) and (2) for the completed gold valance...
Some possible entries for shorting gold next week with targets at 1782. We’ve been in a downtrend for the most part of the last week and a half and I expect it to continue.
Gold is only waiting to get 1770-1780 price. Then the rising begins.
OANDA:XAUUSD XAUUSD 2021 Jul 26 Week Per last week, 1812 level was good for long from 19-20 Jul Asian hours, and supply came in to bring market down to 1787 - 1794, which becomes a revised support zone for the rest of the week. Weekly: Down bar closing off low, = some demand Daily chart: Lower volume down bar closing slight above half of bar = some...
❗Xauusd/ Gold Analysis Gold is still trending in the major Daily bearish momentum. According to Technical analysis and Market structure, gold made a lower high after failing to break above previous structure high After retesting the 50% retracement of the previous daily LH level Gold is now forming a Head&Shoulders indicating that there is a strong possibility of...
Although gold has a bright bullish future ahead we must first deal with the problem at hand, which is the double bottom liquidity holding at 1677. I assume price won’t reach new highs without first taking out the planted buyers at the lows. Gold tapped into the 50% retracement of the daily sell-off, I don’t think this pullback is sufficient, I would like to...
Bearish pin bar formed on Gold 4H chart near supply area and we may see another leg lower. $1810 - $1815 is likely to emerge as a powerful resistance if the rebound picks up pace for XAUUSD. Sellers will look for fresh entries below $1799 towards $1791 and new fresh lows once $1790 support will have a clear break. A move above $1815 would invalidate this scenario.
Gold couldn't manage to break below the key support yesterday but it makes another try today. With every new try it is more likely that we will see price breaking below. Like we said many times before we expect price to reach the 1775 level. Then any active sell trades will be with stops in a positive territory and when it comes to new entries, we recommend to...
What do we have on the gold chart? Let's look at the global picture! Gold updated the high of 2011, then corrected and found support at 1677$. It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also...
I can see inverse head and shoulder formation in XAUUSD also there were 3 bottoms, which suggest to a very bullish movement
GOLD on the daily chart after retraced at the 0.5 of the previous impulse. The market is now trading below the 0.382 over a support structure. According to Plancton's strategy if the price will break below we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Gold traded within a tight USD 15 range yesterday. The price broke the 1800 support early in the Asian session and has fallen all the way to the day-low near 1795 during the European session. The rebound to day-high has begun once the US session became active. The market ended at 1806, up slightly by USD2. Nothing has changed so far in the 1-hr chart, the...
In our previous analysis we earned 600+ PIPS profit in two way targets. Gold will move up from 1790 area to complete Third wave.. In XAUUSD trade, I observed two new entry points for buy trades and trade achieved first pathway with two targets. 1833 level pivot point was proved to be crucial and trade rejected from this area and visit 1794 level as I said before....