GOLD (XAUUSD): Bearish Move After Trap
Gold will likely drop lower, following a false violation of the underlined
horizontal resistance.
A local bearish CHoCH on the hourly time frame suggests a highly probable
bearish continuation.
Goal - 4726
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Bestgoldsignals
GOLD (XAUUSD): Will It Drop Lower?!
Gold is positioned to drop more, following a recent violation
of a key intraday horizontal support.
The broken structure and trend line compose a strong supply cluster.
There is a high chance that the price will reach 4324 level.
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GOLD (XAUUSD): Bullish Move After Trap
As I predicted yesterday, Gold respected a demand zone
based on a key daily support and a trend line, not being
able to close below that.
It feels like the market is going to rise more soon.
A confirmed bullish CHoCH after a bearish trap on an hourly time frame
provides a clear evidence of the strength of the buyers.
Goal - 4770
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GOLD (XAUUSD): Important Demand Zone Ahead
Gold is going to approach a major demand zone based
on a solid rising trend line and a key daily horizontal support.
I believe there will be a high chance of seeing a pullback from that.
I will monitor intraday price action for confirmation entries.
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GOLD (XAUUSD): Confirmed BoS & More Growth
Gold finally awakened on Friday, breaking an important
daily resistance with a confirmed bullish BoS.
Considering the news from Middle East,
we can expect a strong rise after the market opening.
The price will likely reach at least 5410 leveo.
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GOLD (XAUUSD): Road to 5300
Gold successfully broke and closed above a daily horizontal
resistance as I predicted earlier.
The broken structure likely turns into a strong support now.
I expect another wave up with a highly probable test of 5300 level.
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GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my support and resistance analysis for Gold.
Support 1: 4878 - 4892 area
Support 2: 4654 - 4762 area
Support 3: 4340 - 4406 area
Resistance 1: 5095 - 5120 area
Resistance 2: 5581 - 5600 area
Consider these structures for pullback/breakout trading.
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GOLD (XAUUSD): More Correction is Coming?!
Gold dropped strongly from a key daily resistance yesterday.
The price managed to violate a support area of a consolidation
range on a daily time frame.
With a high probability, the market will continue to correct.
Next goal - 4800.
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GOLD (XAUUSD): Confirmed BoS
Gold was very bullish on Friday, especially after the release
of the US fundamentals.
The market closed with a confirmed break of structure above
a strong intraday resistance.
Expect that the market will continue rising and reach 4540 level.
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GOLD (XAUUSD): Bullish Reversal Confirmed?!
GOLD formed an inverted head & shoulders pattern
on a 4H time frame after a test of a strong intraday/daily support.
The price successfully violated a neckline of the pattern
this morning and closed above that.
With a high probability, the price will continue rising
and reach 4500 level soon.
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GOLD (XAUUSD): To All-Time High
As I predicted earlier, Gold finally violated our current daily resistance
and set a new local higher high higher close with a confirmed bos.
We can expect a bullish continuation to a resistance based on
a current ATH now.
Goal - 4353
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GOLD (XAUUSD): Sticking to The Plan
Gold stuck on a key daily resistance this week.
To buy, we continue waiting for its breakout.
A daily candle close above 4266 will confirm a violation.
A bullish continuation will be expected to 4355 then.
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GOLD (XAUUSD): Another BoS
A quick follow-up for the yesterday's post for Gold.
The price successfully bounced and broke another intraday resistance,
setting one more local higher high on a 4H.
The market will most likely continue rising following the plan
and reach 4205 soon.
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GOLD (XAUUSD): Another Pullback Trade
Gold is testing a major daily resistance that we spotted earlier again today.
It looks like the price may retrace from that one more time.
A bearish breakout of a support line of a rising channel is my
intraday confirmation.
Goal - 3989
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GOLD (XAUUSD): Important Supports to Watch
As Gold continues an extended correction,
here are significant supports to watch.
Horizontal Structures
Support 1: 4040 - 4060 area
Support 2: 3942 - 3959 area
Support 3: 3870 - 3897 area
Support 4: 3766 - 3831 area
Support 5: 3691 - 3735 area
Vertical Structures
Vertical Support 1: Rising trend line
A trend line and horizontal Support 1 compose a demand zone.
That will be the first potentially significant zone for a pullback.
In case of its breakout, the price will reach at least Support 2 then.
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GOLD (XAUUSD): The Next Resistances
Here are the next potentially significant resistances on Gold to focus on.
Resistance 1: 4397 - 4403 area
Resistance 2: 4447 - 4453 area
Resistance 3: 4487 - 4503 area
Consider the underlined horizontal and vertical supports
for potential buying after pullbacks.
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GOLD (XAUUSD): 4000 Soon?!
Gold was strongly bullish on Monday, updating the ATH again.
The next psychological resistance is 4000.
I think that the price will reach that soon.
We will probably see a pullback first.
You can consider the underlined supports, especially Horizontal Support 1
and a Vertical Support 1 for buying after a pullback.
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GOLD (XAUUSD): Next Goal - 3900
Gold looks bullish again today,
following a completion of a correctional movement after an update of the ATH yesterday.
The market was accumulating for some time within a horizontal range on an hourly time frame.
A confirmed bullish CHoCH indicates its highly probable completion.
The price will most likely continue rising now.
Goal - 3900
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GOLD (XAUUSD): Intraday Bullish Signal
Gold looks very bullish this morning, forming a confirmed
Change of Character after a test of a key intraday horizontal support.
With a high probability, the price will rise more today and reach 3784 level.
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GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my latest structure analysis for Gold.
Resistance 1: 3798 - 3802 area
Resistance 2: 3848 - 3852 area
Support 1: 3690 - 3707 area
Support 2: 3613 - 3643 area
Support 3: 3560 - 3580 area
Support 4: 3511 - 3532 area
Consider these structures for pullback/breakout trading.
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GOLD (XAUUSD): Updated Support & Resistance Analysis
As a bull run continues on Gold,
here is my updated support and resistance analysis.
Resistance 1: 3645 - 3655 area based on 3650 psychological level
Resistance 2: 3695 - 3705 are based on 3700 psychological level
Support 1: 3559 - 3580 area
Support 2: 3511 - 3520 area
Support 3: 3489 - 3500 area
The price is now heading toward Resistance 1.
It looks like it will be reached soon.
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GOLD (XAUUSD): Time For Correction
Gold nicely respected 3600 psychological level.
The market was rejected from that on Friday
and formed a bearish imbalance candle before closing.
I think that we can expect a retracement at least to 3577 level.
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GOLD (XAUUSD): ATH Soon! What's Next?!
What a market opening on Gold!
Bull run continues, and the price is going to reach a current All-Time High soon.
Watching how strong is the momentum, it feels like the market is going to
update the ATH.
Your next confirmation to buy will be a daily candle close above 3500.
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