technicaly big trendline under last low dont alow gold goes downer but personaly i belive soon or late gold will touch 1920(we must buy after pinbar come,hold it 2-3 week to new high)
but if gold can break new trendline and last high,technical say it cn go to fibo61%
let see AC indicator on gold daily(it can turn red if last high on chart not break) and net open...
Gold (XAUUSD) hit the 1D MA100 (green trend-line) again and this is technically completing the bottom phase that we called for 3 weeks ago (see chart below):
Our trading strategy hasn't changed, that was our long-term entry, bottom on the Higher Lows trend-line of the 7 month Channel Up and target a Higher High at 2100. Potentially, if it repeats another...
Gold from the opening session continues to decline and at the moment is testing the upper boundary of the descending channel. Most likely the price is aiming at 1935 for a retest.
I expect a pullback from the support level, since the accumulated liquidity may not allow breaking the support at the first time.
The downtrend resumes and the signal from MA-200...
Gold is flying down. The dollar is strengthening after the NFP on Friday.
I think we should prepare for what could be a slight buyout on Monday to the 1954 area followed by a drop to 1932.
TA on the high timeframe:
1) Price failed to break out of the 1981-1935 range and in a flat trading strategy, price moves down from resistance to support.
2) False breakout...
Gold by the end of Friday, amid the publication of ADP & NFP data sells off all the growth. The strong dollar is bad for the price of the metal. The close of the daily candlestick on Friday gives us a signal that the fall is likely to continue.
On the chart we see the formation of a global uptrend channel. A correction to the support area of the trend is...
A simple analysis of the gold market based on market structure, next week gold could continue down to the buy zone, then I expect it to rise to fill the imbalance and form a head and shoulders pattern, after which we'll have a high probability configuration for the downside.
What do you think?
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Gold forms a smooth transition from the downtrend to the 1984-1954 consolidation. We see an attempt of downtrend change, but will it be confirmed after the NFP?
Yesterday the price made the retest of 1984 resistance, but at the same time we did not see the fall after the false break-down of the resistance. There is a consolidation near the resistance between...
Gold made the expected bottom and rebound on the 1D MA100 and crossed over the LH of the May corrective wave. It also broke over the 4H MA50 with technicals turning bullish just before today's pull back that brought them back to neutral (RSI = 44.078, MACD = 2.520, ADX - 28.652). This is a standard technical pull back for Support retesting after a bullish...
Gold is strengthening. NFP is ahead and the price is forming a consolidation waiting for the press release. The market is clearly nervous.
TA on the high timeframe:
1) Price in a sideways range between 1981 and 1935
2) Thursday's daily candle closes near the 1981 level. The market maker is most likely set to continue rising
3) A consolidation forms above the...
Gold breaks the downtrend and we get confirmation that after the retest of the bearish channel resistance, the price forms a good momentum.
TA on the high timeframe:
1) The market is in a news waiting phase, but at the same time the dollar is declining
2) Gold is in a flat between 1981 and 1935. A resistance retest is forming. The price can break it on the news....
Gold is trying to change the trend. The price updates the local maximum to 1974 and rolls back to the previously broken border.
In the near future, MA-200 and MA-50 (sentinels) may send a strong signal.
Pay attention to the fact that there is a false breakdown of strong support, followed by a breakout of the resistance of the ascending channel and a signal from...
After expressing our concerns about gold's rally in early May 2023, we saw it tumble as low as $1,932.11 just two days ago. Since this low, gold’s price rebounded above $1,970 and then weakened again. Currently, it trades near $1,955 per troy ounce. That brings us to a similar assessment as in our previous article, and we will pay attention to the two closest...
Gold tested the MA100 (1d) and Support (1) twice and held, which resulted into the two day rebound we see.
This is not just an MA rebound but a direct hit on the long-term Channel Up that started late in 2022.
Consequently this is the new bullish leg to a new Higher High. A crossing over the MA50 (1d) validates this.
Trading Plan:
1. Buy on the next red candle or...
On Tuesday, the market bought out all the fall in the last 5 days. A consolidation is forming near the channel resistance and now the price breaks and makes a retest of the 1960.330 level after another test of the boundary.
TA on a high timeframe:
1) Note the tail of the daily candle that closed on Tuesday. Buyers in the market are trying to parry the bears'...
Gold rallies to trend resistance on Tuesday and forms a consolidation near 1962, which might take many traders by surprise. What to expect from the price in the near future?
After the false breakdown of the trend resistance, the price forms a retest, on which the further development of the situation depends.
The trend resistance is holding the price for a long...
gold touch trendline in low ,,,, now we can see new 3angel pattern , put low size buystop for now and wait for buy in 1925 area
if you have open sell,100% put SL on last high
good luck
Last week, as well as two weeks ago (see charts below) we called for a buy entry on the 1D MA100 (green trend-line) on Gold (XAUUSD) and today it has started to deliver:
As you see, this is similar to the previous Higher Low of the Channel Up (March 08), with the price closing again above the 1D MA100. The confirmation was delivered once the price broke...
