Last week was a volatile one for Gold and on Thursday the price broke under important 1970 support, just to aggressively reverse back above on Friday. Although the short-term trend is bearish, both long and medium-term trends remain strongly bullish and this break could very well be a false one. From a short-term perspective, the price is still under the falling...
Gold/XAUUSD: Gold officially breached the key level of 2000, signaling a potential downtrend. The recent formation of a strong resistance around the 2040-2050 resistance range further strengthens this bearish outlook. Our initial target for this downward move was set at 1950, a critical support level that holds significant importance in the market. Should Gold...
Gold is currently testing a solid horizontal daily key level. After it was reached, the price started to consolidate within a narrow horizontal range on 1H time frame. To short with a confirmation, I would suggest waiting for a breakout of the support of the range. An hourly candle close below will confirm the violation. A bearish continuation will be expected...
GOLD H4 SETUP: Gold next target 2045...?? Comment your ideas We are Traders Family, Lets help each other by commenting below and sharing your ideas.
Gold prices rebounded after hitting a two-month low following the Federal Reserve's dovish statements on monetary policy. Fed Chairman Jerome Powell suggested that there may not be a significant increase in interest rates due to credit tightening after the instability of the banking sector, hinting that the Fed may pause to raise rates. The US Dollar Index (DXY)...
Gold has experienced a notable decline in recent times, prompting concerns that it may be oversold on both daily and weekly time frames. Oversold conditions suggest that an asset has experienced a significant downward movement and may be due for a rebound. In the case of gold, its price has been under pressure, leading many traders and investors to believe that a...
Gold TVC:GOLD 3 attempted tries on it’s major resistance at $2070+ but couldn’t close above it. Uptrend line support was broken during yr2022. In the midst of forming head and shoulders pattern in the past 3 years chart. Could this be the golden escaping wave? Likely to decline towards $1810 support level first and once this support is broken, we could see...
Overall im pretty bearish on GOLD from a HTF but from a short term uncertain of whether we would make a drop rather we would drive up or range for a couple of days/weeks before GOLD drops ALWAYS REMEMBER - This is just my view and should not be used in any way to make your trading decision.
Technicals: Looking at this chart reminds me greatly of Bitcoin’s top in 2021. After a 5-wave move down there was an ABC to new ATHs just overshooting wave 5, before a massive C wave. I have this as a grand supercycle wave 4 correction. It is setting up to be an expanded flat correction with a deep C wave. So my target for my C-wave is the 1.618 fib level of wave...
Hey Everyone, Please see our updated 1H chart levels and targets. We have also added a Goldturn channel (our unique channel drawing method). We have already had a nice test on the channel bottom also inline with 1957 Goldturn support for a bounce up up to 1977 Goldturn resistance. We have a candle body close above 1977 leaving a immediate gap target to 1990...
Hey Everyone, Please see our updated 4H chart levels and targets. We have also added a axis trendline (our unique trendline drawing method). 1962 has provided a nice suport bounce last Friday for a push up and test to 1982. Price closed at 1977 with a detachment below to ema5 also close to the retracement range and a likely test to 1982 again is also a likely...
Hey Everyone, Please review our daily chart idea that we have been tracking over the last few months level to level. We completed the Bullish targets and saw price come down to test the retracement range, highlighted by us on the chart over 2 weeks ago. We have highlighted a potential route map of what we expect on this timeframe on the mid to long term...
After gold insisted on short all profits in 2020 this week, we chose to continue to buy long below 1960, making good profits tonight, and this week's trading signals are all profitable. Next, I will publish more accurate trading signals and continue to lead friends to achieve greater profits!
Gold rebounded as scheduled today, but it did not break through the pressure of 1970. It is a normal rebound in the decline. It is still a bearish trend. It is still short and bearish under 1970! Everyone is paying attention to the upcoming Fed meeting. Powell's speech is hawkish. The US dollar may strengthen further and gold will fall. You can wait for the...
Gold technical analysis; the gold daily line has three consecutive negative days, and the market has not rebounded in the near future. It has been a big unilateral decline all the way. Up to now, some people think that there will be a rebound and restart the rally. This reason does not make sense in the near future Yes, if you want to go up, you have to wait until...
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.
1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it...
⭕ This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.