IF you had been following the series of The Gold Odyssey, you would know how well the probabilities are in the analyses.
To the point, Gold is ready to break its almost three year consolidation (huge) range.
1. You can see the powerful reversal off the mid-range support;
2. The candles show and project good momentum to follow through;
3. A trend line breakout...
OANDA:XAUUSD is breaking out and is about to test a key area of liquidity at the moment. What can we expect to see from gold going forward?
On the chart I have marked such important levels as 1953 and 1946.7. This is a rather strong resistance area forming a global sideways range. After a long retest, the price is highly likely to fail to break this level the...
Gold is trading inside a Channel Up since the strong rebound on the MA200 (1w).
The MA100 (1h) has been basically supporting since its beginning and even though Resistance (1) broke, the sideways trading on the RSI (1h) hits to a possible short term pull back.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1920 (MA100 1h and bottom of Channel...
On the senior timeframe we see a stop after a strong distribution. This may last until the price breaks the resistance of 1929. At this point, consolidation and a retest of resistance is forming
TA on the high timeframe:
1) The bullish trend is strong
2) The area of 1929-1932 stops us from further growth.
TA on the low timeframe:
1) Price is consolidating....
OANDA:XAUUSD continues to form consolidation in the range between 1928.8 - 1914.2. In the near future resistance may be tested, the price reaction to this level will determine the future direction of the price
Since the price is in the key range of 1928 - 1914, there is a probability of price bounce from the resistance. Further growth may continue after the...
Gold (XAUUSD) emphatically smashed the bullish target we set 2 weeks ago (see chart below) and made a standard Lower High at the top of the 5-month Channel Up:
The price also hit the 1D MA200 (orange trend-line) in the process and that is a technical sell, with which we will target 1890 (just above Symmetrical Support 2). Since however the October 06 rebound...
OANDA:XAUUSD has been forming a correction since the opening of the session and has reached the area of 1910. The price enters the panic zone relative to 1914. What should we expect from gold next?
The correction on the background of a strong surge of energy and distributive movement should have happened. The market should pull back and gather potential before...
A pullback in yellow wave (2) almost hit 61.8% of yellow wave (1).
Now we see the strong minor impulse to the upside.
It can be a part of large yellow wave (3).
The target is projected at the distance of 1.618x of wave (1) with aim at $2,577.
Watch how price breaks above the top of wave (1) beyond $2,086
Risk/reward is 1:2.5, one could get it better if goes on a...
Last Friday, on October 13th, a significant white candle with exceptionally high volume was observed, possibly driven by two catalysts:
– Escalating geopolitical conflicts.
– A decrease in CPI, leading to market expectations of a potential halt in rate increases by the Fed.
Trend
– A large white candle with exceptionally high volume touched the upper...
OANDA:XAUUSD increases daily volatility by more than 3% for the first time in 6 months. Friday's opening-to-close session overcomes 3.4% and $63.53. A complex yet obvious situation is taking shape. Let's get a handle on what's going on and what to expect next
In the coming week, important news is published. Worth paying attention to:
Core Retail Sales &...
I present to you a possible scenario going into the weeks ahead .
Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session .
The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on...
⌚️WAIT & SEE MODE / SLIGHTLY BULLISH BIAS ⌚️
🟢Super Strong Bullish Momentum Currently
🟢Geopolitical Situation is Bullish
🟢Currently in Weekly Bearish Order Block, Watching for H4 Bearish PA
🟢Ideally, want to See 1968.9 Highs Taken
OANDA:XAUUSD is entering the empty range from 1885 to 1915. The only level the market will still be able to interact with, before reaching the 1915 target, is in the 1895 area - a strong liquidity area
Today we see a break of the resistance at 1885 after a small retest. A momentum is formed, which tells us about a further target in the form of 1895...
OANDA:XAUUSD does not react to the nuances of technical analysis and is actively growing. But, the growth is accompanied by a consolidation moment, which can become a lever for further rsot. Even against the background of the trend, the price is able to accumulate potential
The breakthrough of resistance 1877.6 is formed and the price aspires to the important...
Gold updates the high to 1874. Yesterday I pointed out the bullish pattern - the market is in the realization phase and gives us a 150pips rise, but we haven't reached the target yet
TA on the high timeframe:
1) Strong bullish trend continues. Against the background of the crisis in the world, the interest in gold is only increasing
2) The medium-term target...
OANDA:XAUUSD enters the 1857-1877 range, consolidates above the support and makes a new jump. Yesterday I talked about strong fundamentals, relative to technical analysis and what we see is a breakout of said resistance.
Today PPI - one of the inflation indicators is published and at 18:00 GMT FOMC Meeting Minutes - most likely the information trend of...
