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 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.
2 Possible scenarios. 1. Gold will drop to 1787 area then continue with the bullish trend. Or, 2. It will drop further to retest the major weekly orderblock at 1775 area, which will give us sniper buy entries all the way up. Watch out for these two areas. TP1: 1828 TP2: 1858 TP3: 1900 SL: 1758
1. A major downtrend on daily chart has been broken; done so by an upwards forming channel as marked up on the chart. 2. We are now waiting for the channel to be respected and drawback to the 1850 zone, which will also serve as a retest of broken downtrend 3. The 24 SMMA shows long term buy (just another confluence)
Gold Weekly Chart Gold had a long-term uptrend (for 2 years) and the medium-term downward adjustment (for 8 months). From this price range, I make my forecast - "Gold" will create the bottom then go up. Nice price for us to BUY and Hold is 1678. If the price does not collapse strongly or decisively through this price range, the above forecasts will not...
GOLD to 1800, coming off the top of a supply zone.
With an overall bullish trend, this looks like a good opportunity to buy some gold !! This juicy pullback to the 4h trendline looks like a good entry point. It has been pulling back to the 50% fib level after every swing up on the hourly chart, and is at the 50% level now. Good luck :)
Weakening Dollar means gold will fly, we've re-accumilated from the bottom and now are eyeing upside targets.
The movement of gold in the last few days of the week was quite unpleasant, the selling move of large funds pushed the price of gold to cool down, but the tension between the bulls was still stronger and was creating high peaks and troughs. More, today we are going to buy gold, however with volume less than 1/2 of normal we can buy limit at 1908 or buy stop...
Gold is looking bull after consolidation with triangle pattern This price action would make gold go bullish to 1909 and might test 1920 level
XAU/USD BUY OPPORTUNITY (DAILY): Longer term target: 1900