Gold fluctuated slightly again yesterday. The upper limit reached the 1930 line and then stopped and started to retreat. The lower support reached the 1920 line. Then in the short term, it is still fluctuating in a small range. The daily moving average system is complicated, and it is very likely that it is waiting for the later period. The breakthrough is...
In yesterday's post, I said that my bias for Gold is still bullish, however, confirmation is needed to consider a higher low in place.
Yesterday, after a double touch of 1930 short-term resistance, XauUsd consolidated and stayed in the middle of the newly formed range.
As we can see the the posted chart, we are still under resistance and, in fact, the price is...
Hey Everyone,
And we did it again!!!! PIPTASTIC START TO THE WEEK!!!!
We hit our first Bullish target at 1921 on market open. We then got the ema5 cross and lock above 1921 opening 1923 and 1927, which was also hit perfectly!!!
No further lock above 1927, which confirmed the rejection back down. This is true level to level trading allowing us to identify the...
Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the...
GOLD is in the consolidating zone following the drop from the resistance level.
The market broke and closed below the reaction zone.
Price pulled back to the consolidation border and descending channel border as well, where we have resistance and a 38.2% fibo level.
We anticipate further consolidation until a new trend is confirmed.
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Gold (XAUUSD) is trading within a Channel Up pattern but following the downtrend since the September 01 High, it may be nothing more but a Bull Flat pattern.
Whatever the long-term case, the short-term trade is a sell as the price appears to be getting rejecting at the top of the pattern, while the 1D MA200 (orange trend-line) looms above. Our target is the...
After the recent low under 1920, Gold has started to consolidate in a 100 pips range.
Although Friday's close is bearish, XauUsd recovered strongly on the Asian Session last night and is trading now towards the upper boundary of the range.
A break above this level would be the first indication of reversal with a clear confirmation if Gold is breaking and close...
Good evening gold gang! hope you had a great weekend! Its that time again! time to attack the gold chart once again
On the weekly time frame .. price is still making bearish structure to the downside as DXY rallys to the upside. Ill be looking for mainly sells this week other than my little scalps i like to hit
Strong monthly zone is there and price is...
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We have 1921 Goldturn resistance target open for a test. We will need to see 1921 break and lock to open the range above.
We also have the retracement zone at 1915 that may require a correctional re-test.
We will keep the above in mind when taking buys from dips. Our updated...
Hey Everyone,
Please see our updated 4H chart levels and targets for the coming week.
We have 1927 Goldturn resistance target open for a test. We will need to see 1927 break and lock to open the range above.
We also have a bearish target at 1917 and a retracement zone at 1913 that may require a correctional re-test.
We will keep the above in mind when taking...
Hey Everyone,
Please see our weekly chart long term projection that we have been tracking for a while now.
LAST UPDATE
As stated last week our ascending Goldturn channel (Our unique way of drawing channels) has been respected well with EMA5 failing to break the channel bottom, which followed with two bullish candles from the channel bottom for a nice...
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your...
Hey Everyone,
Another great finish to the week with our chart ideas that we shared at the start of the week playing out, as analysed.
We shared a bullish target of 1944, which was hit perfectly at the start of the week. We then stated that a cross and lock will open the upper range and a failure to lock will follow with a rejection.
EMA5 failed to cross and...
Good evening gold gang .. hope youre all well. What a strange day for price!! No trades taken for the gold gang apart from a small scalp for myself that was high risk.
Why is price behaving so weird? I believe its because both gold and dxy are both at very important price levels, as per my strategy, and are accumulating orders here ready to enter the final...
GOLD made bearish, and it's in the consolidation phase.
If you look at how the market moves, we can see it made sharp moves, then paused, then continued.
Price has already made a downward move, and possibly it is a pause phase.
If the market breaks and closes below the recent support, it will likely continue trending down.
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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.
As you know, I was bullish Gold all week and also bought around 1930.
Unfortunately, my buy trade was closed with a low when XauUsd dropped under 1920 2 days ago.
At this moment, I'm out with no trade running, but my bullish bias remains.
However, for opening a long trade I need more confirmation and this comes with a break back above 1935, which at this moment is...
