OANDA:XAUUSD Gold remained stagnant throughout the week, closing within the same price range as last week due to a $2,048 resistance and $2,001 support. There are concerns about the US debt ceiling expiration as talks have been postponed to next week. Additionally, there are worries about an economic slowdown as bank deposits in the US decrease. A sustained Buy...
Trade rules: if price close above trendline in 4h and daily charts then trade is active. This is so big trade that its incredible... well but i guess its recesion sign in the world so it will be hard times for us all in near future. I would place now a gold trade and hold it for 5years.I think this thing is gonna go so big ...1600 is only first target. Good luck!
getting this out to you guys quikly as this can move from here very solid risk reward potential 1851 tp 2 information shared is for educational and demo purposes only work this set up 2 times max
Traders , Silver retraced 50% fibo retracement from the extended 3rd wave based on elliott count!! we are looking to long silver now with a 23$ as first target. for short term scalping kindly wait for a 20cent pullback from here before buying the commodity. good day!!
just a note! we can see a very interesting rise. for sure the $2000 level is very strong! that's why the tp is under it. it's strange that there hasn't been a big background test in a long time :( but I expect it because the SL is so big
Gold is going higher again. The price set a new higher high and higher close on the weekly and daily, violating key structure resistance. Bullish continuation to follow!
Stand by for BUY signal on Gold 1.790/1800 is an important area of support/resistance. 1) A breach and close above this level, will resume the trend line and climb to 1830/40. 2) if the price can't break the 1790/1800 barrier the trend will most likely change and retreat to 1700 levels 3) Right now, price is underpinned by 1790 support baseline and 50 EMA. And...
According to the growth trend of gold in the past weeks and also the formation of large buying candles, the price is expected to grow significantly up to the price of 1850.
Hi guys, today I bring you an important point for macro analysis. Many believe that seeing a significant improvement in economic data, especially those linked to inflation, showing that it is slowing down is something positive, is it really? In a way, it's a positive metric when looked at in isolation, because inflation brings major disturbances to the economy,...
hi! I see gold could make OMH (One More High) to 1842 area before major pullback. this setup provides good R:R too! trade well, Alex
FROM 1658 Targets above 1672. Use proper money management.
Expecting a breakout on GOLD t the 1722 zone. Stops below 1659 area. Use proper money management.
Gold has come to a support level. This is an area of demand. I expect price to push higher. Target 1701.76 area. Stops below 1661.41. Use proper money management.
Gold targeting 1680 in the coming sessions after finishing 5 waves down!!