Golds technical are all over the place with not much making sense at the minute so we have tried to simplify it as much as possible.
You can see we have a support and resistance zone marked out on the chart, we can see further bearish movement pushing price into this zone.
Price hitting this zone will correlate with price hitting all time highs on US30 which will...
XAU/USD (GOLD)(April 22, 2019)
Why Signal for buy?
1) We are Touched Level (First Target)
2) We have no tradable zone (Level) it is correction zone for return price. ($1297-$1300)
3) We have a good channel on 12H Time Frame (LL, HH) + signal from my strategy good distance for buy...
Gold made a year low at 1271 last week, and it has rebounded to just under 1280 since then. A possible inverse head & shoulders pattern is spotted on the 1-hour chart. The neckline of the inverse head & shoulders pattern stands at 1280. A confirmed breakout above the neckline can lead to further pullback to supply zone at 1287-1290, which is the MA(200) and last...
After a BigFall from 1308 level ,Now Gold is consolidating and sooner the zone will become green at 1278.
One can look for 1278 price for the entry.
Strength-meters and Green STARs are forming which is a good signal.
Look at the 1 hour chart as soon as a bullish candle appear long can be taken and follow the 4h trend .I will post update time to time.
Gold has been declining since mid February and the 1,346.79 High. If this pull back has been purely technical then the important test on the 1W chart has arrived as the price is on the Higher Low region.
What is more interesting is that last time Gold tested a weekly Higher Low on a similar pattern was in December 2017 and the rebound was so strong that gave way...
Interesting support at H4, the price of gold has managed to rise twice as soon as he touched this support we believe he will do it for the third time
Entry Price: 1282
Stop Loss: 1275
Take profit: 1298
I think the price will drop down to $1277 with a huge probability because $1277 is a key zone.
Near that key zone could be a great buy opportunity with low risk
That's why i recommend open sell after pullbacks till $1279
After a bearish breakout of a major support level
bears are exhausted and the market starts a correction cycle.
Head and shoulders pattern is a clear indication of bears unwillingness to go lower,
so we can catch a pullback.
Buy the breakout of a neckline.
Targets based strictly on structure.
Find more analysis on gold in...
The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move.
You can see that a long, bullish potential inverse “head and...
Gold XAUUSD sell opportunities with monthly and weekly supply imbalances in control. A very strong monthly supply level around $1310 has gained control a few weeks together with a smaller but stronger supply imbalance on the weekly timeframe around $1336. As explained in previous long term analysis on GOLD XAUUSD, no longs are allowed in this precious metal when a...