GOLD has rejected the resistance level and trendline.
The market failed to make new highs and bounced off them.
Price is pulling back to support from the resistance zone.
We expect the major support levels to be tested.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
After Friday's reversal and a high on the Asian session open yesterday, Gold has entered in a tight range of about 100 pips with an upper boundary at 1655 and a floor just above 1640.
A break in one direction or another could clarify things.
In the case of a break above 1655, the 1680-1690 zone is exposed and, on the other hand, a break of support would put the...
Hey Everyone,
What can we say.... we did it again!!!
All targets HIT.
Although all our Bullish and Bearish targets were HIT, we only took the trade from 1644 support level with a retest confirmation for a nice BUY with a perfect exit. BOOOM!
We did advise yesterday that there was a retracement range to 1644 that we were expecting for a test, and should this...
Gold (XAUUSD) largely confirmed our sell signal below the 4H MA50 (blue trend-line) on our last week analysis:
1620 was hit and the price bottomed on Lower Lows while the 4H RSI was on Higher Lows, with this Bullish Divergence signaling the most optimal buy entry. As you see, the same Bullish Divergence was formed on September 28, with Gold rebounding...
After touching 1620 on Friday, Gold has reversed strongly finishing the day towards 1660 resistance.
Looking at the posted daily chart we can see that the bearish structure is still intact in spite of this almost 400 pips reversal and will remain so as long as the 1680-1690 ceiling is intact.
That being said, my medium-term outlook remains bearish and I expect a...
GOLD ha rejected the resistance level .
The market failed to make new highs and bounced off the trendline.
If the price returns to the resistance level + trendline, then we can look for selling opportunities.
We expect the major support levels to be tested.
---------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Morning Everyone,
As you can see this chart has already started to play out. We got our 1661 and 1668 target done on market open and then EMA5 failed to cross and lock above 1661, which also gave us the heads up for the retracement that we also shared yesterday.
The levels are still valid, and we can continue to track the movement using EMA5 cross and...
#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went up very fast by BREAKING the TREND LINE, due to which US10Y went down.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. So we have to wait a bit until we get them.
Anyway, with US10Y UP, GOLD is going down a bit now. Either way we expect GOLD to...
Gold trading plan this week October 24-October 29, 2022. Weekly support is 1642 and 1630, weekly resistance is 1673, 1694 and 1711. With the appearance of the confirmation candle of the previous day's candle on October 21, it is a positive signal for this week's growth.
Before the growth to 1673, 1694, 1711, gold price had a correction span to 1642 and...
Gold trading plan this week October 24-October 29, 2022. Weekly support is 1642 and 1630, weekly resistance is 1673, 1694 and 1711. With the appearance of the confirmation candle of the previous day's candle on October 21, it is a positive signal for this week's growth.
Before the growth to 1673, 1694, 1711, gold price had a correction span to 1642 and...
Hello Traders,
At the time of writing, Gold is trading at $1668.60, below its opening price by more than 1.50%. Expectations that the Fed will stick to its aggressive policy tightening path lifts the US dollar to a one-and-half-week high, which, in turn, weighing on the dollar-denominated commodity. As a result, XAUUSD is expected re-test the $1650 figure. Once...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
XAU / USD ( Gold / U.S Dollar )
Time Frame : H-1
Resistance from Strong Support Level
" A " Corrective formed after " 12345 " Impulsive ( Bearish ) Waves
Break Of Structure #BOS
Current Position Demand Zone , Sell if Reject
Trend Reversal with Strong Bullish Price Action
Hey Everyone,
Please see updated weighted Goldturns and targets for the coming week. We had a lovely move up end of last week also supported by the double bottom chart pattern. We had an earlier confirmation of the double bottom break out by identifying the two Goldturns above 1622.
1661 Target looks like an immediate target on market open, but we will need to...
