XAUUSD on hourly time frame is making higher highs and higher lows with other bullish candle stick patterns as mentioned in the above chart which indicates its bullish behavior. we can attempt a long with the stop loss of 1774 which is the nearest higher low.
Gold jumped yesterday. The price had opened near day-low at 1769 and steadily went up during the Asian and European session. Once the price broke out from the triangular pattern(2), it has gone all the way to day-high 1788 at the US session opening. The day ended at 1781, up by USD 12.
Gold has successfully defended its position within the uptrend channel(1). ...
I expect there to be a small rally in the price of gold during the asian session, this is because the bullish technical support will maintain golds uptrend and gold will break through the descending resistance as shown on the graph. Sellers wont retain to the market until higher price points as shown on the graph Use a tight SL in order to achieve the 3:1 risk...
Price is ranging between 1787 and 1767. Both levels have been broken previously leaving a target open at 1806 long and 1750 short. Both targets left open and consolidated back into range. We are now waiting for a re challenge of these levels with EMA5 cross over with a 1H candle body close to confirm target or to increase positions.
Having two open targets in...
According to our last analysis the price is moved exactly to our way and is not activate our stop loss
In here we have 2 scenario the first one is the price reach our Tp and fall down again to touch the trendline and support there and the 2nd one is to break the resistance area with powerful candle and then pullback ( and in pullback we can take...
Here in Gold, we have bulls & bears formation so firstly we have to look towards bulls in trend. For bulls i am considering its move to 1800 from 1775s area as because we are having the trend coming from bulls else also its keeping moves in U-Shape. Whereas in Bears i am considering the area 1719 to be hit starting from 1760s area as...
Hello traders, GOLD in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Gold is still inside its second wave, wave 2 is inside wave b. We assumed that wave b formed as a triangle and then with the complete failure of the lower side of the triangle we will have a downward motion to form...
A continuation of the surge of the price for gold might eventually reach and once again test the resistance of the 1,800.00 mark. The 1,800.00 mark acted as a resistance level on October 14.
However, a decline might look for support in the 1,760.25/1,763.40 zone, which acted as support on Monday. Below this zone, the October low levels below 1,750.00 could act as...
1. Price was in a UT.
2. looking for a retracement in smaller TF for entry.
3. went down 1hr, support was formed.
4. broke the previous high.
5. took a buy 5 mins before the 6pm candle closes.
6. closed in 4 pips profit.
7. price went 18 pips as planned.
Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
Gold is in wave b or in its second wave.
Wave b or wave 2 normally needs another drop and this maximum drop will move up to Fibo 0.618 specified in the image and at least beyond the previous floor this drop will be...
I think Gold gonna break the downtrend soon and keep moving in it's short term uptrend and keeps going to 1831 again and then there will be supply
Also dollar index seems to go lower , so it makes more sense for gold to go higher .
what's your opinion ??
clear definition of an uptrend market , an ascending channel , creating higher highs and higher lows .
once we break that at the close of the 4H candle time frame , we look for opportunities to long the market to the next , for a possible triple top.
H1 time frame.
Gold continuously appeared strong moves up and down in a short time in the range from 1761 - 1785 with unclear motivation.
At the support level of 1761, waiting for the appearance of a bullish pattern to look for buying opportunities.
The profit target is the 1785...
Gold pulled back from the 1-week high yesterday. The price has kept on escalating during the Asian & European session after the market opened at 1764. The price once touched the high at 1785, but selling began thereafter. The day ended at 1769, up slightly by USD 4.
The price overall was in line with yesterday's expectation. Although the price has crossed the...