So far it was a very bullish week for Gold, with the price rising 600 pips since Monday's low... However, as I explained in my yesterday's video analysis, above 1800 Gold is entering a strong resistance area. Although at this moment I'm out of any trade, I'm looking for a spike following NFP data and using it as a selling opportunity. Levels to keep in mind for...
The weekly price frame has reached the Resistance area, which is also the peak and the lowest low. But overall the price is still in a downtrend. An immediate breakout is not possible, so a consolidation at a value area is required. If you wanna BUY, from here, you'll need to see the DOW creation condition increase > Higher high, lower high and close the...
Here is my longer term analysis on gold, I want to see price break towards $1822 area; before seeing a bearish move. Let me know what you think
Breakout on Gold against all channels. Breakout on Gold against all channels. Breakout on Gold against all channels. Fib retracement A to B 1897 .. Interesting level ! As you can hopefully see.
Hi, Gold is holding weekly demand level. I'm waiting for gold to get back into that range low. I'm expecting a massive rally in coming weeks towards $1900. $1680 IS my level of interest. Right now I'm on hold. But, don't miss this out. I'm expecting gold to take out the highs. All the best!
After the last speech of the Fed, there was a lot of indicators that The DXY would have a problematic week because all the analyst expect that the FED lowers the interest rate next week which means a good week for gold so it's very logical to privilege only long positions next week
Hi traders, GOLD i am waiting for price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity GOOD LUCK.
Hi traders, GOLD watch price action with your own according strategy and look for a long position opportunity for a short term trade setup GOOD LUCK.
#XAUUSD Gold Rejecting from the Daily DEMAND ZONE( 1805 -1810 ) SELLING Divergence Completed the " A " Corrective Wave in ELLIOT TRIPLE COMBO Pattern , Will be Forming its " B " Corrective after Rejection RISING WEDEG as a Corrective Pattern and Rejection from #UTL
Hello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish...
#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE. But since RETAIL SALES was POSITIVE the other day, GOLD was slightly SELL yesterday. It is definitely a very...
FOREXCOM:XAUUSD OANDA:XAUUSD Hello Traders, First take a look at my previous ideas on XAUUSD 💥Pitchfork Setup💥ThreedrivesPattern💥 If the price stays in the yellow box, a short position has a good chance of winning. (You can enter in several steps) The optimal entry point for a short position is mentioned in the chart. Don't forget to risk-free your...
Important update for Gold. Wave analysis & price action. Technical outlook. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Gold. In previous reviews, we considered the $1780 mark as a point of cancellation of the downside scenario. We have adjusted the markup for GOLD. Our preferable scenario is the completion of growth in the range of $1820-1825. A fall in the price of GOLD below $1730 cancels this scenario.
Well, as you can see after Mr. Powell's speeches last night, the dollar index fell and parallel markets started to grow (stocks and crypto), you can also see that the fall of the dollar index strengthened gold! Now gold is trading in the range of $1784, and with what we see on the chart right now, it seems that gold is trying to attack to collect BUY STOPS...
W Formation has formed and the price has broken above recently. We then have a larger Cup and Handle forming, which the price is now completing the Brim Level. This market is correlating well with Gold and seems to be lagging the current Gold rally. This means, we can expect upside for GLD very soon. My first target is $174.68
I remain bullish Gold although I expect some correction from resistance. Buy dips is my preferred strategy for a rise above 1800 level