Technical Overview: XAU/USD
GOLD - 24,000 Contracts were sold off.. what next?
This is a small-time frame analysis meaning everything is weaker and not as strong as for example 4h
React to price, only gurus can predict price
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We come back with another analysis of XAUUSD
In here this the one of the complicated chart for trading but in here we are in support area and we have a key that change the trend
after the trend was changed we needed pullback , the pullback was completed and at this time we can take long position and buy some gold for the first Tp
In this zone...
Gold found the bottom support last Friday. The market had opened at 1744 in the Asian session, and the price had slowly climbed to the day-high at 1757 right before the US session. The price had fallen to day-low 1739 during the US session, with the day ended at 1750, up by USD 8.
As mentioned last Friday, the gold price is currently maintaining its path in...
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I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Further to my previous analysis we now have further confirmation by Price action forming a potential Bear Flag forming On a Daily Time Frame.
IF valid we can expect a nice down movement to even past our primary target 1725.
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I am expecting some bullish price action to begin the week on gold.
Price two-step'd the low point and is now creating some bullish market stricture on the lower timeframes ready for a reversal.
I assume the price will come back to the order block that created the bearish dump so let's fade the move back up into that region.
What are your thoughts on Gold this week?
GC1! Gold 2021 Sep 27 Week
Last week we saw nice reaction at 1745, 1765 & 1785. Patience is rewarding.
Weekly: Weekly price bar went below the low of the previous bar and closed level against it.
Volume was high with no follow through from sellers. Some demand is present,
however due to no obvious signs of...
A triangle is forming on the gold chart on the higher timeframes. It is difficult to say where the price will go, but if the price gets close to the lower support zone and squeezes around it, a breakdown and a fall down is likely. If the price comes to the trend line and starts to squeeze, a breakout and rise are very likely.
Write in the comments all your...
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.
Wave 5 of wave c of zigzag Wave 2 is also forming.
As expected, the fifth wave was at work and it happened.
Wave 5 completes microwaves 1, 2, and possibly 3, and these three waves are formed in the excellent...
Since price took a beating over the Asian session, my bias has been re-adjusted.
I have marked out two potential bounce regions for this pair.
Whatever region gets the most rejection will be my selling point.
Updates to follow.
In description , you can see the Link of yesterday Idea with Fundamental Analysis...
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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.
In this analysis, we examine the beginning of wave c from wave d in daily time.
Wave c of wave d:
Wave 1 has ended and Wave 2 is forming.
Wave 2 is probably zigzagging, and from this zigzag, wave c is not yet...
Yesterday, after a local high above 1820, Gold has started to correct and has dropped to 1807 local support.
Bulls took control afterwards and XauUsd is trading at 1815 at this moment.
I expect continuation to the upside and 1830 resistance could be short term traders target.
A break above 1830 would expose 1900 in the medium term.
My preferred strategy remains to...
As I said in my Saturday analysis, I'm bearish Gold and I expect the price to fall to 1560 zone.
However, in the very short term, a minor correction is possible, with the price falling a lot in the past trading days.
Short term traders can target 1770 zone for a long trade with a stop loss under 1740
Very risky trade!!!
Hello trading friends,
This is an update for GOLD.
Depending on our chart study on gold, it looks that gold is ready to enter a new breakdown trend in the coming time.
💎If this trend keeps going we could see the much lower GOLD price change.
✅Possible long term target below 1750
Have a great trading day.