Gold approached a 4h main demand zone where i expected reversal buys. Seeing price initially rejecting area on smaller time frame I set a Buy limit order with a entry @2148.00 with sl@2145.85(Risking 22 pips). TP1: 2154.00 TP2: 2156.00 TP3: 2158.00 * Where has the market moved since I entered my trade? PROFITS * If I...
There are many factors affecting the market this week. Central banks of various countries will be the focus this week. The Bank of Japan and the Reserve Bank of Australia will announce their interest rate decisions on Tuesday, the Federal Reserve will announce their interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will...
Here is my latest structure analysis for Gold. Resistance 1: 2182 - 2195 area Support 1: 2143 - 2148 area Support 2: 2077 - 2088 area Support 3: 2054 - 2065 area Support 4: 2035 - 2044 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Gold is likely to have a correction towards the lower regions. The reason for this movement is the large volume of sales in the areas above 2100. The first drop target is 2110 and the next target is 2086.
good evening gold gang! lol ego post .. hopefully annoy a few people Its right though .. how spot on was the analysis and execution today .. gold gang knows! so we are respecting the bearish trend as per yesterday following a break of 4h support and respecting trend. from here price should move down but there is nowhere i can get in at present. Price...
Gold gained traction and advanced toward $2,160 after spending the first half of the day in a tight channel near $2,150. With the benchmark 10-year US T-bond yield rising above 4.3% in the session, however, XAU/USD struggles to gather bullish momentum. The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which...
Hey Everyone, Great start to the week with our chart idea playing out in true level to level fashion. We started with the play into the highlighted retracement range with no cross and lock below confirming the bounce, as highlighted by our arrow onto the 2155 Goldturn for the perfect reaction and now heading towards our Bullish target at 2166 A cross and lock...
good evening gold gang! tis i .. lord tommy back from the weekends debauchery. Price closed at my algo level exactly breaking the 4hr support! This could mean we are in for a bearish couple of days while price makes its way down to the cheaper areas for big boys to buy in We have an unmitigated 4h sell zone at the top there if price can make its way up .. i...
Gold price remains depressed for the third successive day and drops to over one-week trough. Expectations that the Fed will keep rates higher for longer continue to undermine the XAU/USD.
GOLD is trading in the descending channel. Price broke and closed below the reaction zone. There's a kill zone level where resistance level 38.2% fibo perfectly lines up with it. The market is creating the AB=CD pattern, or equal measured move. We expect a bearish move to complete the AB=CD pattern. ------------------- Share your opinion in the comments...
we made almost 670 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just one SL . gold make an downtrend in this week now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two structures and testing support at 2155 Goldturn with a retracement range just below at 2147 weighted level. If we see the 2155 hold then price will head towards our Bullish target at 2166 and a break and lock above 2166 will see the range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two structures, support at 2151 Goldturn and resistance at 2171 Goldturn. We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly. Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. We are now seeing the...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....
Global gold has formed a triangle pattern and it seems that it can rise to the 161.8% Fibo resistance at $2222, provided it maintains the support of 2153 and crosses the resistance range of 2173-2167.
GOLD could not go higher and failed to break through the resistance level. It broke and closed below the support level; breaking the channel, and it will most likely go down further. Price action is trading in the consolidation zone. It retested the resistance following a channel breakout. We expect the support zone to be tested. ------------------- Share...