update on my previous gold analysis : for the first analysis , stop loss was 900 pips away from my entry. same setup but this is on a 4hr time frame. stop loss also adjusted to last week's low after falling wedge confirmed wave 5 of C has completed. stop loss now adjusted from 900pips to 200pips. TP is over 6000pips apply risk management and best of luck
Gold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much...
Hey Traders, in this week we are monitoring XAUUSD for a Buying opportunity around 1775 Zone respecting the bullish trend in combination with the strong Demand and Supply zone. Once we will receive any bullish confirmation the trade will be executed! Remember always to use a small lot size on gold comparing to the normal lot you use on forex pairs. because XAUUSD...
Hey Traders, today we are monitoring XAUUSD for a buying opportunity around 1780 zone respecting the bullish trend and the strong supply and demand zone, once we will receive any bullish confirmation the trade will be executed. Trade safe and remember to use proper risk management with gold, because gold movements are so violent comparing to other forex pairs and...
Hey bulls we have seen some volume entering the game now, gold is on its way to 1900 $ on the volume indicator, I see some banks and big financial institutions put some liquidity to the market, XAUUSD is about to reach 1900 -1910 resistance area, the US retail sales MM previous was 0.8, the forecasting is 1.4 the actual is 1.7 The broad-based gain in spending...
Gold is trying to complete a triangle near 1740- 1760 Level before any surge might happen towards new highs.
Hey Traders, XAUUSD already did hit the target we were waiting for. in today's trading session we are monitoring XAUUSD for a possible pullback around 1794 zone. once we will receive any bullish confirmation the trade will be executed. Trade safe and use proper risk management. especially with gold because the movements of commodities are more severe comparing...
Hey bulls, we have seen the Core Consumer Price Index (CPI) has made a bullish signal to the gold price, the actual is 0.6% the previous was 0.2% Nov 10, 2021 . . The U.S. Initial Jobless Claims The actual is 267K the forecast was 265K the previous was 271K Nov 10, 2021. - - 1870 - 1865 is strong resistance, I expect to see the price retrograde from it, as...
Hey Traders, we got stopped out at gold short by breakeven, i've noticed that gold have done a breakout of 1834 zone, so now we'll consider jumping long around 1834 zone. Trade safe and use proper risk management. Joe.
do not sell gold we are expecting a pullback from current levels or from 1830 level, however we will be looking to buy the yellow metal near 1794-1787 area i see this wave as an impulse with 5 waves up.
We need to wait gold hit that zone, After that we can Sell it (Big short)
the side ways movement in gold is coming to an end and the triangle is almost done, either we see a bounce from current levels and we get the activation by breaking 1793 level or we get a pullback to 1740 level to complete wave C of the triangle but in both ways any retracement is a buy Signal.!!
Gold might be preparing for a complex corrective wave that means the buying area will be near 1740/1748 levels. don't get me wrong this scenario might not happen and we might see a surge in gold from current levels but you need to calculate the risks of a possible pullback. 1856 is a medium term target with current uncertainty in the capital markets- inflation-...
Just an idea XAUUSD is still in its uptrend channel and is retesting the down channel.
Gold proved several times after completing the downfall and targeting 1680 as a double bottom that the retracement at the first place from 2073 dollars an ounce is still corrective. all the advanced yet the classical technical analysis is showing a momentum and a possible surge in gold prices in the medium to long term. lets not forget the inflation effect on gold...
This is my perspective about gold (xauusd) using wyckoff method in re-accumulation phase scenario, gold potentially entering middle of phase c, and we waiting for the price action showing us alot of buyers entry the market with impulsive bullish or rejection from the bearish candle,on that time gold potentially entering phase D
Hi Gais, the market not really move since yesterday, and today update, still the same as last week, still waiting for my entry to be triggered. More update coming if the market move to my entry.