Ending this week off on a big red after Thursdays crash, gold finding support around 1745.
With Friday showing more buying pressure than selling pressure we would expect price to retrace slightly to around 1773 - 1780 before FOMC.
This would give us a good area to short for the possibility of tapering starting on the 22nd of September.
Hi everyone! My purposes on gold remain invariable since the beginning of this year. It can be seen in my previous ideas. Price of gold is in the big extending triangle. Earlier the minimum at the level of 1680 was reached. Therefore now the price moves to this minimum. After its overcoming down, level 1640-1620 will become the purpose. Only after achievement of...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Today we find gold sitting on a strong resistance area, having formed a rising wedge and completing wave E/5.
Gold has formed a bearish divergence on 4h chart as well as considered slightly oversold.
MACD is also showing bearish divergence and is showing down pressure.
Targets are set on chart.
FOMC is this month and expectation is for FED to...
Hello my beautiful traders.
I couldn't dive into the Wyckoff method as that'd take a long time, I tried to give you as much information as possible about the reasons that led me to take the trade. Check out what that is about yourself on Google.
Doubt what I say and do your research. If anyone has an opposite bias let's discuss it!
I hope that this video...
Today we continue to analyst the next market predictions on GOLD (XAUUSD).
Normally, each time gold created a huge movement. We will see the huge correction happening, this ac
Based on the recent breakout, we expecting correction will be reached between the 1799 and 1819 price tags. From here we are able to take advantage of the market movement...
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Gold will see 1750
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The USD dropped against gold last Wednesday after the ADP report released a negative than expected. U.S bonds also dropped after the report came. Fortunately, the USD was saved on Wednesday for the ISM manufacturing report. ISM printed positive than forecast.
U.S bonds and gold have opposite co-relation. if bonds rise safe heaven gold usually...
Gold was able to stablize above 200-day MA at 1810 for a couple of sessions, and today it made a higher high for the daily session. Sure gold looks bullish short term given indicators reading but now gold is facing important resistance zone around 1825-1835.
Please note that 50-week MA is at roughly 1825. And for the past bullish trend in 2019-2020, this 50-week...
The chart above shows just exactly how far below gold is expected to tumble. However, it may regain some momentum somewhere around 1740 region, but if it doesn't, set your t/p at the support line shown on the chart (ideally, slightly above it). For now, all indicators point south...
GOLD Outlook looks bearish with good confluences. Risky but worth it!
Disclaimer: My ideas are for illustrations only. PPPDirhams will not be liable for any outcome as a result of using this idea.
👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level.
1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.
Hi everyone, this is what I think will be the next move on GOLD!
I think Gold is heading down to collect liquidity and then will be able to move higher.
Areas of interest, where I think price is coming down to, is 1550 .
Great profits can be made if it follows the analysis!
Let me know your thoughts.