OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall. In the coming week there will be important news that will help to...
TVC:GOLD chart mapping/analysis for short-term swing trade strategies.
TVC:GOLD chart mapping/analysis for med-long term swing trade strategies.
Gold is oversold on the 1D timeframe (RSI = 25.484, MACD = -12.310, ADX = 33.367), the RSI hasn't been that low since July 2022. This is the selling leg from the top of the Channel Down after t brutal 1D Death Cross (the first in more than a year). The standard selling sequence is around -5%. We expect a rebound (short term) to the former LL trendline (TP =...
OANDA:XAUUSD stops its fall after reaching our yesterday's target. After a false breakout of 1860, a counter-trend correction to resistance is forming. But why!? The price cannot fall all the time, after a strong movement to one side or another a correction is formed to increase liquidity - complex mechanisms of market management by big players. The price is...
Gold (XAUUSD) hit yesterday the bottom of the Channel Down pattern that started after the July 20 High. This is a short-term buy signal targeting its top (Lower Highs) but on the long-term Gold has been on a downtrend since the May 04 All Time High (ATH). Following the rise on the June 29 Low, Gold was still on a long-term uptrend, supported by a Higher Lows...
Given USD strength and the sustained pressure of ever-increasing US interest rates, gold has been taking it on the chin. However, we’re getting into buy levels/demand where it may be poised for a near-term recovery. Keep tabs on gold (spot, futures, GLD), but if you see signs of accumulation/trend reversal (use small timeframe charts), consider climbing aboard....
OANDA:XAUUSD is in a strong distributive phase, the price is not even stopped by the 1885 level (liquids area). The price is updating the low amid negative fundamentals, as evidenced by strong weakness from buyers On Wednesday, the market forms a paranormal candle, the closing of which suggests the continuation of the fall, the local level of 1875 and 1872.58...
Since gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH. Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly. As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th. So any accelerator could pump up GC back...
The attractiveness of this idea is rather dependent on how prices act between current price (1900) and ~1885, the upper demand zone’s (green lines) “aggressive” entry. If new supply/resistance forms directly ahead of buy levels, the trade may be scrubbed because of dissatisfactory risk-reward. Something to keep in mind… That said, we are confident that gold will...
Gold is reaching an important goal for us. We've been waiting for this. A test of the level of 1885.100 is being formed. On the background of distributive fall and strong sell-offs, a rebound may occur. TA on the high timeframe: 1) A huge pool of liquidity is formed below the level of 1885, most likely, a false breakout should occur before the rebound TA on the...
OANDA:XAUUSD is following a clear script. I recommend studying the latest ideas on XAU to understand the reasons for further decline. At the moment this stage could go to 1885 before a further bounce. At this point I am only expecting a fall to 1885. This area is clearly of interest to MM and the market, on the background of a strengthening dollar, the price...
Gold (XAUUSD) is about to test the 1W MA50 (blue trend-line) for the first time since the week of December 26 2022. Last time it was nearly hit (February 20 - 27 2023) it supported the pull-back emphatically, and initiated a strong rebound. Almost 5 months ago (May 4), when everyone in the market was jubilant about Gold's new All Time High, we warned the...
OANDA:XAUUSD is breaking another support line again. Bearish prerequisites, which I previously wrote about, putting the market in the phase of realization of accumulation, a high chance of continuation of the fall On the chart we see the formation of a global consolidation range. The price breaks the support at 1915.3. The correction after the breakout is...
Gold / XAUUSD should be approached with caution as today it formed a Death Cross on the 1day time frame. On the shorter 4hour chart, it remains inside a Channel Down pattern and reached now Support A (1,900.50). This is a low risk buy but only as long as the price stays inside the Channel. The 4hour RSI has already hit the bottom of its Channel Down. Cautious...
Gold falls from 1928.5 and reaches support in my scenario. We have taken the target. At this point, while the market is forming a sideways range, price may form a bounce from 1908 before falling further. TA on the high timeframe: 1) Important target is 1907.6. The market is looking to test this area 2) Price passes one of the key liquidity areas, the next leg is...
Expecting gold price (xau/usd) quadruple in ten years. I estimate at least 6500usd. This estimate is for current economic conditions of the world. No one knows what will happen in ten years. Biggest problem with gold price is people buying gold virtually over banks etc., when people start to buy gold physically, it will skyrocket beyond my estimation. They are...
Gold is forming a resistance retest. Against the background of the global descending channel, the price may form a false breakout, but against the background of consolidation near resistance, the chances of a breakout increase. TA on high timeframe: 1) We have the formation of the 1934-1907 range. There is a false breakout and pin-bar formed against...