Pattern: Bullish Megaphone on 4H.
Signal: Buy as the price rebounded after breaking just below the 4H MA50 (blue trend-line), in similar way as the August - September Bullish Megaphone. We are now on the second red arrow leg.
Target: 1810 and 1820 in extension (symmetrical levels from...
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.
The Nonfarm Payrolls (much) better than expected numbers delivered a major blow to Gold last Friday, which was extended today into one of the most violent daily sessions of the past 2 years (along with August 12 2020 and March 16 2020), that reached the March 2021 lows, which currently acts as the Support Zone. In fact the 1675.50 - 1670 Support Zone has been...
This is a follow up to my most recent Gold analysis:
The Inverse Head and Shoulders pattern worked perfectly and the price easily broke above the 4H MA200 (orange trend-line). As it got rejected on the psychological 1800 level, the potential of a Channel Up emerges,...
Pattern: Inverse Head and Shoulders on 4H.
Signal: Buy as the pattern alone is a bullish reversal formation, while the 4H MA50 (blue trend-line) is holding as Support.
Target: The 4H MA200 (short-term) and the 1834.50 Resistance (long-term) as the technical target on Inverse Head and Shoulders is the same length as the Head from the...
Gold was strong bullish on 14th of Oct due to fcmo. It just crossed strong resistance and went upto 1800 and now it has came back to 1757 support.
1 Day timeframe it has formed a parallel channel and now according to that it should move above to 1809-15 and then push back down to 1757 and below.
50 MA is going to cross 200MA, it is also a sign of a bullish...
As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal:
Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange...
Gold suffered heavy losses last Friday. In addition, the 10-year US Treasury bond yield rose more than 1% on Friday, indicating that investors are becoming less confident in the economy's stability and strength of their earnings potentials.
However, the latest retail sales report shows positive economic data like better-than-expected retail figures for October...
How to trade XAU/USD this week?
The GOLD reached $1800 continuing its downward movement till $1761, and its expected to reach $1750. After that it will start by a correction upward movement and it will reach $1775
So The Best Selling Price Is $1775 & And The Best Buying Price Is $1750 For This Week
Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September.
This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the...
Gold began its descending movement since Aug 2020 when it was $2074. Falling US Treasury bond yields seem to be fueling gold's rally in the second half of the week. After bond markets returned to action on Tuesday, the benchmark 10-year US Treasury bond yield lost nearly 6% and was last seen falling 0.9% on the day at 1.525% .
Gold has entered into 1830-1845...
GOLD is struggling hard to break the support 1752. Based on my previous analysis it was going well on Friday 8th oct it showed rejection form 1780-85.
Now there are 2 possibility for you all to open sell order. When price strike to above resistance 1780-85 OR goes below 1750.
Still main trend is down so we are not going to place any buy order. Our target is...
