Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September.
This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the...
1. As expected in my previous analysis,
we were expecting a clean BO to the upside.
because what drives the market like this?
that's right, major news like NFP does.
2. Previous higher time frame candles closed were
very bullish. that gives us conviction to go long
on this pair.
3. NFP news was bad for the USD
4. Price established a good support at 1807 area
As we can see, price fell this past week because of an order block (which was signaled by the manipulation that occurred at around 1830). Price then brokedown and came back to retest the Order block zone, giving us confirmation and an opportunity to open a position. An order block has been formed again on the M15 and I'll be waiting for price to retest the Order...
According to Gold daily chart the bearish trend has been started a few days ago which has retraced about 23.6% of the bearish move.
It is also dealing with its 20 moving average and if Gold could break this MA the Price would move down to 1848.33 which might be the first support .
If Gold would break this support level the bearish trend continues and next...
I wanted to do a technical analysis on gold from my point of view.
After creating a double bottom at previous support and going up, now price sits at downtrend line.
Formed the cup part of the chart pattern, now from here we can see a small pullback to 1850 area (this is where I would buy gold or long it as can seen on my chart) to form handle part,...
Hey traders, here is the analysis for the XAUUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
hello friends as u can see our previous entry on gold from 1680 area and we are still holding those entries with revised @SL for long term
Gold has closed on Friday above 1720 levels which had already achieved our TP1 on previous analysis now gold best buying entry levels are near 1700- 1710
this will be a safe buy for those who had missed entry from 1680 Friends...
As i am watching this pair we already achive TP-1 on our previous analysis @1797
as i told u you guys after breaking strong support zone @1850 which was the most important level
for gold now it become a resistence and we are expected a retrace till 1825 -1830 zone and after that gold will start
drop again till new given Tp Friends push like and comments Follow...
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It was a long wick H4 pin bar candle when it tests the 1818 zone, a strong indication of rejection. Currently, I believe Gold needs a retracement based on technical analysis.
- US Jobless claims
- US PPI
- Treasury Currency Report
- Sales data
PS: Please don't trade this analysis blindly, do your research before you...