In Friday's commentary, I was wondering if Gold turned bullish. And, indeed, after a new dip to 1740, the price revered and has started to grow.
At this moment gold in trading exactly in resistance and still under the descending trend-line.
A break of the horizontal resistance can clarify the future direction and expose 1780-1785
On the other hand, reversal here...
Technical Overview: XAU/USD
GOLD - 24,000 Contracts were sold off.. what next?
This is a small-time frame analysis meaning everything is weaker and not as strong as for example 4h
React to price, only gurus can predict price
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the...
Gold found the bottom support last Friday. The market had opened at 1744 in the Asian session, and the price had slowly climbed to the day-high at 1757 right before the US session. The price had fallen to day-low 1739 during the US session, with the day ended at 1750, up by USD 8.
As mentioned last Friday, the gold price is currently maintaining its path in...
Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
Gold seems to form a "smiley face pattern" (inverted head & shoulders pattern) on the chart. This is a classic bullish reversal pattern.
Though sentiments do not support bullishness due to fundamental news but we think gold price is mostly priced in for any monetary changes ahead.
There are two levels of support that gold needs to hold: 1740-1760 and 1680-1700....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
If you like this idea, do not forget to...
Hello friends. Last week I made a prediction of the possible path of gold. It moved largely upwards but could not break the white bearish trend line and returned to its support area.
However, after the fall, it could not break its support floor, and this support area is located on the 0.618 Fibonacci level of the previous uptrend. So it may end its downward trend...
GC1! Gold 2021 Sep 27 Week
Last week we saw nice reaction at 1745, 1765 & 1785. Patience is rewarding.
Weekly: Weekly price bar went below the low of the previous bar and closed level against it.
Volume was high with no follow through from sellers. Some demand is present,
however due to no obvious signs of...
By Next Week Gold can rise back to $1818.493, This is a weekly analysis, Gold has already tested 144 WMA and shown a weakness in the last week, It will be a good idea to open Buy on Gold for the coming week.
You can get a Free trial of the Indicator displayed on the chart by following my Profile and go under the Script Section or by asking me in a comment.
Are you trading Gold ?
We're done with our Elliott Wave plan so last Friday, Gold was fall further.
So, this is Gold (XAUUSD) with Wyckoff distribution schematic.
I'd like to see Gold's price downward.
First Target is around 1727.
What's do you think about this idea?
This is Gold Elliott Wave projection in 60 minutes timeframe.
Gold is running Flat correction (3-3-5) now.
Wave c often equal wave a or 1.618-2.618 wave a.
If abc correction is elongated flat, wave c ~ 3 wave a.
Check out previous analysis
A triangle is forming on the gold chart on the higher timeframes. It is difficult to say where the price will go, but if the price gets close to the lower support zone and squeezes around it, a breakdown and a fall down is likely. If the price comes to the trend line and starts to squeeze, a breakout and rise are very likely.
Write in the comments all your...
As I said in my previous analysis, Gold can drop from the strong confluence resistance around 1780, and this happened and XauUsd even had a spike under 1740 support in Asia session.
However, this spike down was quickly reversed and bulls managed to take Gold above 1750 at the time of writing.
My sentiment in regards to Gold has shifted to slightly bullish and I...
Since price took a beating over the Asian session, my bias has been re-adjusted.
I have marked out two potential bounce regions for this pair.
Whatever region gets the most rejection will be my selling point.
Updates to follow.
As I expected, after Monday's local low, Gold has started to correct.
At this point, the yellow metal is trading in a very strong resistance zone. A confluence of the horizontal, descending trend line and confirmation of the long-term ascending trend line.
A short position here can have more than 1:5 R:R if we target 1680 support
On the other hand, Gold back above...