Today growth should will continue. Earlier the price reached level 0.236 according to Fibonacci from the previous wave of falling, today I expect the movement to level 0.382 on Fibonacci about 1867. It is also possible to notice that MACD gives a signal on purchase on the day chart.
Information provided is only educational and should not be used to take action in...
I am not tired to repeat about the begun correction and now it continues. So, now act as the next purposes 1867, 1892 and in case the price goes above, then it can reach the top line of a downside channel about 1920-1930. For today the price reached EMA on the day chart.
Information provided is only educational and should not be used to take action in the market.
Following my previous ideas the first purposes of correction will act 1867 and 1895 (approximately). If to take Fibonacci's expansion on different time-frames, then it is possible to notice that level 1890-1895 leaves the purpose. In case of Overcoming it up, it will be possible to expect the movement to 1920-1930.
Information provided is only educational and...
During times of inflation (which now is more relevant than probably ever before) , the physical gains high potential and/or value.
Paper money, money on paper, stocks value on paper, etc.. becomes exposed to significant downside.
What is physical? Cash money, precious metals, property, electronic goods, merchandise, commodities and more
The recent drop on Gold...
Let's look at facts and be practical.
Gold jumped by $30 in the last 24 hours.
But is this the beginning of a new rally or a dead cat bounce?
1) Gold kept to higher lows with trend-line support kept since March 2020.
2) Gold broke above consolidation triangle and continued to rally with the bullish breakout all the way to $2070 back in March this year.
3)...
Gold will drop to 1848-1844(Area for entry long)
and we can start TP 1866++
Thank you, and have a good luck for trading ^^
Tools : Fib Retracement, Elliot Wave, Harmonic
TF : H1, H4, D1
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1798.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1798.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Hey traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 1850 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GOLD - Price is currently sitting on the previous daily high, I'm waiting for price to-close above and hit the daily Supply zone before looking to take it short (Or maybe wick into the Orderblock just above it!)
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold H4
On the basis the dollar breaks south of 102.500/102. We could expect a spike in gold demand/price due to the drop in USD.
As always, that element and confirmation to confirm bullish bias would be seen through a break and close around 1872 (weekly key level), and subsequent retest of 1858, this is where we could consider loading up on Gold longs. Just...
Gold gained more than $60 the previous week on weak US treasury yields.
The yellow metal faces strong resistance of $1862, any breach above will take to the next level $1880$1900
XAUUSD D1 Time Frame Prediction
Gold will touch 1870-1874.00 zone soon
and 70 % chances gold will make a strong bearish move
use this idea as a educational purposes ..
Thank you guys
In my opinion gold did not finish correction. Using Fibonacci's expansion and borders of the operating channel we receive the next (first) purpose at the level of about 1854.
Information provided is only educational and should not be used to take action in the market.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD (Gold) Buy. Enjoy the day all. Cheers. Jim
