XAU/USD is up for the sixth consecutive day, and extreme overbought conditions have become more notorious, but there are no other signs of upward exhaustion in the daily chart. Technical indicators continue to edge higher, albeit with decreased momentum. At the same time, the bright metal advanced further above its moving averages, with the 20 Simple Moving...
Gold has broken above key resistance which act as SUPPORT so we do see a potential sell incoming which will allow gold to retest newly created support level
Hey Everyone,
Once again our strategy played out perfectly with ema5 lock above 2125 opening 2133 and 2143, which was both hit perfectly today, as analysed completing our updated range targets.
We have now updated the levels above with Goldturns to accommodate the new range.
We are now seeing price break 2143 with ema5 lock to open 2153, 2159 and potentially...
GOLD is consolidating following a bounce off the support. It made a new extension by breaking the resistance.
The market is creating the AB=CD pattern on the hourly chart.
We expect a breakout pullback continuation opportunity at the support level and 38.2% retracement level.
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Share your opinion in the comments and support the idea with a...
🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,174-$2,107) 🟡
🌊In terms of Elliott wave theory , it seems that Gold has completed wave 3 , and we should wait for a correction to the Fibonacci levels and the 🟢 Support zone($2,070-$2,054) 🟢.
🔔I expect Gold to rise again after the completion of wave 4 (at least to the Yearly Resistance(1)...
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.
Hey Everyone,
Please see our updated 1h chart levels and targets after smashing all the targets for this week already.
We are seeing price break into the new range and playing between 2125 resistance and support at 2116 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2116 and a break and...
Gold successfully broke and closed above a key horizontal daily resistance yesterday.
Our next strong resistance is based on the All Time High.
I believe that the market will keep growing to 2140 level.
I really want to see a pullback first though, to buy the market on a retest
of a broken structure.
❤️Please, support my work with like, thank you!❤️
Hey everyone,
Just wanted to share my latest observation. I initially anticipated an upward trend for XAU/USD, as mentioned in my recent post:
Gold has experienced an upward surge, and I interpret the last covering candle as the beginning of a minor correction.
I've identified two short-position targets:
2014.23
1995.58
Keep an eye on the last target, as it...
Good evening gold gang ... wow its really just straight bullish action
Theres nothing we can do but wait for the best time to buy for the final 300 pips to all time high
The 2 best buy zones are on the chart .. i believe we should hit ATH before NFP friday
Until then ... lets just watch the carnage unfold as fellow retailers fomo in the buys to push us up .....
Gold (XAUUSD) is rising and has gotten very close to the top (Higher Highs trend-line) of the long-term Channel Up pattern that started in November 2023. As long as it gets rejected within the pattern, it is a sell opportunity targeting $2030, which is above the 0.786 Fibonacci retracement zone and near the bottom (Higher Lows trend-line) of the Channel Up. The 1D...
Hello guys! I am looking a good sell from here on xauusd my take profit which I am looking at was 2088. Let's rock
together I want you all guys win just win just in blueeeees!
Hey Everyone,
Great start to the week with our chart idea playing out to perfection!!!
Yesterday we advised that we were looking for the 2092 target re-test and a cross and lock above 2092 will open 2105 and 2115, which was all hit perfectly today completing this range.
We will now need to see ema5 cross and lock above 2115 to open the range above - 2130 and...
This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress.
Gold cannot only look at the current...
GOLD reached a major resistance level on the D chart following a channel breakout.
The market pulled back from it, creating a bearish move. Price made a double top on the hourly chart.
Most likely, the market will pull back after such a move.
We expect a counter-trend trading opportunity.
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Share your opinion in the comments and support...
good evening gold gang .. we are back for another week and an attack on all time highs!
A massive expansion on friday means we are sat very high up near ATH with not much data to go off .. so we need to wait for some structure to form
i will need price to come down to the 2050 before i can buy back in to take it up to the highs.
Selling ill need that 4h to...
we made almost 730 pips from our area on gold by 2-3 positions a day on NEWYORk session last week.
gold make an uptrend move from 2045 to 2085 on friday know 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...
