XAUUSD reached the top of the Channel Up and as the 4H timeframe turned overbought (RSI = 66.415, MACD = 15.310, ADX = 35.525) we should see a technical pullback to the bottom. Apart from the 4H MA50, we expect this pull back to be of a minimum -3.75%. With the 4H RSI on clear sell territory, sell now with TP = 2,005. Prior idea: ## If you like our free...
I recommend to you to take a long GOLD as you can see we have a classic set up with great pullback in key levels on 4H
Gold is nearing 2 resistance zones. Light Resistance: 1808 to 1826. Heavy Resistance: 1826 to 1842. Above 1842 Gold can rush towards 1880. Supports for Gold are at 1784, 1777 and 1753.
Welcome . According to my analysis of gold. There is a high probability of falling today. With the price reaching an important area. Where an upward channel has been formed. Gold failed to breach this channel. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and...
Price is currently in a Bullish overall trend direction, with a lot of news being released over the past few weeks price has seen some incredibly strong momentum to the upside. Price has broken out of the 1hr trend line that it has been hanging onto for the last 30 hours. A retest can be seen after the breakout. This showing good potential for buyers to move...
MCX:GOLD1! TVC:GOLD OANDA:XAUUSD GOLD - Where to next? Well, as we had CPI out...5% - Dollar is getting sold it's what I expected but I am focusing on precious metals, we are heading higher but we are at key resistance. Highs 2050 lows 1980. we still within range a break below lows expect 1950 areas. However above 2050 highs, gold can easily achieve 2080...
Hey Everyone, Okay for those of you who have only started following this monthly chart that we have been tracking, please review all the previous updates below as we continue to track this level to level to get upto date. This has been playing out perfectly and now we finally have a candle body close above 1976 on this monthly chart, as the month closes. This...
Long-term bullish trend successfully reached the 5th high point. In most cases, a big retracement will be happened after 5 waves finished. But short-term (4H) chart shows only 2 waves up. Most of our buying orders of 1810 and 1970 are closed at 2069. Waiting for retracement down to the support 2021 or 2011 if 5 waves of 4H could achieved. In this pattern, I should...
Well, as you can see, after yesterday's analysis, the price was able to grow up to the range of 2020$ with a strong jump, now the price faced a price correction after reaching the Great Supply Zone that I had marked on the chart And it fell to 2007$, in case of Consolidation belos this level in 1H TF and 4H TF , we can expect the price to drop to lower levels!...
Last day after news, gold jumped and moved to 2010 level and later it hit 2020 level. Now It's almost 20 plus hours it is playing on the same area and RSI is forming a straight line. This move was totally based on fundamentals. As per my previous analysis I told you in last week on Monday that gold will be in a range. Now it looks like it has broke the range but...
For the last 3 trading weeks, Gold was trading within a horizontal trading range on a daily. The price formed a high momentum bullish candle and close above the upper boundary of the range yesterday. Technicals currently are supporting bulls and I believe that the market may bounce to 2040 level easily. ❤️Please, support my work with like, thank you!❤️
4H chart shows the strong support by 1970-1975 zone in long-term bullish trend. As I've told before, long-term bullish trend still short of the 5th wave with a higher target of 2069, even though the short-term retracement down to 1970-1975 for more than a week. * 1st resistance: 2049. 2nd resistance: 2069. * 1st support: 2000-2005. 2nd support: 1975-1980.
• Gold is highly benefitting from the fear and uncertainty in the market which is likely to persist • Markets are again assuming a recession coming • Banking sector latest dilemma is adding to the fear sentiment • Rising interest rates, hard landing caused by FED continuous tightening policy along with signs of stagflation all add to the bullish price action...
XAUUSD crossed over the Wedge pattern and turned overbought intra day. The RSI (4h) hit the top of its Channel Down, so a short term pull back is in order. Trading Plan: 1. Buy the retest of the Wedge's top. Targets: 1. 2030 (Rising Resistance). Tips: 1. The RSI (4h) has been inside its Channel Down while Gold has been inside its Channel Up since March 20th and...
My plan is sell gold at 1987-1990 If you see D1, you can see a big rejection of buyer So that, when price retrace into this zone, you can sell here today
Here is my latest structure analysis for Gold: Resistance 1: 2004 - 2015 area Resistance 2: 2040 - 2048 area Support 1: Expanding area based on a falling trend line and 2 horizontal supports. Support 2: 1934 - 1940 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Gold has some bullish indications to go upward, take entry and enjoy your profit with keeping SL in your mind. Entry at 1982 TP 1992 SL 1972 R:R=1:1