Gold has rejected the 1 hour impulse level, I can see price fall to 1979, before we see a swing up towards 2030. If price rejects our target of 2030.we could see a higher low which means we could short. We are going to have to see what price actions gives us
This is the Monthly timeframe for GOLD on the OANDA pair
A clear Cup with a Handle has emerged, and been completed
This will likely lead to further bullish results
Yesterday gold closed with red in daily chart. This is happening everytime when there is a life time high volume in one day. However gold just tested the 50% Fib level and is healthy retracement for further bullish trend. The war is still going and hence we may expect the trend to change only when war stops. For the trend to reverse gold has to fall below 1880....
Weekly/daily/4h/1h time frame analysis on gold.
Price action, structure analysis.
Trading recommendations & thoughts.
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Gold short term trading alerts
3 steps must fullfil before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the sky🚀
Trading alerts always available to give
Good luck traders....
We are in this marked 1H Bullish range. OB is marked. Looking to buy from there with stop loss below the structural low. I have a confirmation method to enter the trades from the marked POIs with small Stop loss. However, entering directly is profitable as well. Target is recent high
Please dont risk more than 1%.
Hey traders. in today's trading session we are monitoring XAUUSD for a buying opportunity around 2002 zone, once we will receive any bullish confirmation the trade will be executed.
Hey traders,
As I predicted, Gold reached the ATH.
What is next?
I guess bulls will easily break it.
In case of the structure breakout, a further bullish continuation will be expected.
Next potential resistances are spotted with fib.extension tool based on the last bullish impulse on a weekly time frame:
2240
2332
2460
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We will be looking to take buys on gold if price is able to break and close above the key level of resistance at 2057.00. With clear candles to the left price should fill this 130 pip range.
Gold does not give a reason even for significant correction. I expect the movement up to level about 2025-2030. The trend remains ascending so far it is not broken (for example, overcoming EMA down). The geopolitical factor plays for gold.
Bought on 1939
TP = 2025
Information provided is only educational and should not be used to take action in the market.
Non log Circle had predicted perfectly our last run to 1920$. GOLD had completed a Cup & Handle pattern (Cycle Wave 4) that started at the end of 2011. Logarithmic Fibonnacci Circle 361.8% (from SuperCycle Wave 1 to Wave 2) had predicted that SuperCycle Wave 3 can go up to 4391$. A breakout of 1920.94$ resistance can push gold for more upside before 2025. On the...
Price action has broken out of the consolidation area. We could see a retest of this area before seeing gold push up towards $2070.
Enjoy
Hope everyone is having a great day!
Hey traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2005 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
In this update we review the recent price action in Gold (futures contract) and identify the next high probability trading pattern and the price objectives to target.
Yesterday gold has the highest volume in its one day entire history. The strongest reversal is at 1968 and was able to bring upto 1992. So these two levels are important today.
Now gold made a high of 2020.5 and is rejected to test its support near 2000. As we have seen the 2000 level was very strong resistance yesterday. So it will act as support today. Today...
Gold opened with a gap and made high of 2001 in morning. However this level showed some rejection and made gold to test its support upto 1982 and also filled the gap.
Now gold is showing reversal and can test the 2000 level during London session.
I can see gold has shifted its value zone and present value zone has its limits between 1960 - 2020
So for today we can...
