Simple trading - Support and resistance *HEAD N SHOULDER TP HIT(prev chart) *Potential Bullish Wedge Forming Conclusion, Look to sell after a pullback to 2230 The Why: With robust economic indicators propelling interest rate yields upward and the potential for geopolitical tensions in the Middle East to abate, the question arises whether gold, traditionally...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2358.67 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 2399.92 Why we like it: There is a pullback resistance...
Hello,Traders! GOLD broke the rising Support line and made a Long awaited correction but Now it is locally oversold And I think that we will See a local bullish rebound From the horizontal support of 2320$ Buy Like, comment and subscribe to help us grow! Check out other forecasts below too!
As the Geopolitical crisis eased, We believe the gold price OANDA:XAUUSD will fall eventually As you can see the price made a sharp decline last week. after that during the week corrected, right now geopolitical matters seem calm so the market is shorting gold. Our technical view has been shown in the chart. If you like it then Support us by Like, Following,...
XAUUSD H4 We gapped downside on market open and sold off somewhat during the eastern session, this resistance/psychological price of $2400/oz seems to hold well for the moment. Support indicated at $2360. This support has also held for a little while too, don’t fix it unless it’s broken, we can simply look to trade this 400 point range until either resistance...
1D- Let's start with the daily timeframe. We continue to observe a strictly bullish context for XAU/USD. Currently, we are within the MS Range. The obvious local target for correction is the equal lows marked on the chart. It's also important to note that if the price closes below the fractal equal lows, the context will change to bearish.
Simple Trading - Heads and shoulder Gold is way overdue for a bullish retracement, is this the beginning of a pullback? Watch to see if gold can hold below 2380. Looking to take SELL positions if the price can confirm the New resistance level. **Price may not retest and continues to drop to TP
Using different analysis procedures, I am keen to publish this broken down xau swing movement which portrays a logical full liquidity sweep along the indicated zones after establishing a "rally-up", as well as the currently forming base before we see the drop thereby clearing the liquidity below . Do you still not understand? You can always leave a comment below...
Still holding sells on XAUUSD. Dollar strength is getting abnormal mass bullish sentiment, which sets the market back into risk off regime and thus dollar long plays have become the thing to capitalize off of.
✅GOLD is trading in an uptrend Along the rising support line Which makes me bullish biased And the price is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 2403$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GOLD is trading in an uptrend Along the rising support line So we are bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
This is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H:...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded near $2030 support level, which coincided with support area and even declined below. But later XAU turned around and in a short time rose higher $2030 level, breaking it, and continued to grow in rising channel. In channel, price...
The 15-minute chart for XAUUSD is showing a clear pattern of resistance. After two unsuccessful attempts to break through the key zone, the third attempt appears to be faltering as well. This could indicate that we're on the brink of a sharp decline as selling pressure intensifies.
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low. Price reacted at H4 supply and subsequently reacted at H4 demand. Price is currently between H4 supply and demand where we are seeing a battle between the bulls...
Finally entered shorts on XAU, as I have been watching the price action's failure to break above $2398 resistance. Hard to shoot for anything long term as the Iranian unfolds. My targets are around $2260-$2280 area of demand with the stops right above the wick of the supply. Happy trading!
After a momentous breakout above its All-Time High (ATH) range of approximately $2,140 - $2,450, gold is flashing signals of a strong bullish uptrend. The consolidation just above the ATH manifests a potential bullish flag formation, indicative of a continuation pattern. Subsequent to the breakout, gold has retested the ATH, now turned support, before launching...
Gold saw a pullback of nearly $100 from a high of $2,431, followed by a slight rebound, dragging the price to $2,370 per troy ounce. This increasing volatility begs the question of the market’s state. To address this, we would like to note that the rising volume has been accompanying the increasing price, which is positive (and, indeed, quite impressive,...