In my previous OANDA:XAUUSD analysis, I talked about the upcoming correction waves and traded the Wave A of correction myself. Later on, for the past 2 weeks, the Price action on Gold was messy with no clear indication so I have been waiting for the Wave B to complete since then. Now it seems, the Wave B is near completion, maybe by tomorrow. The ...
This is my final update to the long trade on Gold I have been tracking. We got the bounce exactly from 0.886 as indicated in my previous post and we got an approx. 1.7% move but it failed to go any further. Although the setup is successful as we have already got 2+ % bounce earlier from it and we were expecting the type 2 bounce form the harmonic would give us a...
XAUUSD if can't break the demand zone 1941-1937 we can BUY at 1945 TP1 1955 TP2 1964 TP3 1973 SL 1937 ............. XAUUSD if can't Break supply zone 1976-1983 we can SELL at 1974 TP1 1965 TP2 1955 TP3 1945 SL 1980 ............. XAUUSD if can break supply zone 1976-1983 we can BUY at 1985 TP1 1992 TP2 2001 TP3 OPEN SL 1978
Gold has printed a substantial widening wedge shown on the chart that can be bullish with an acceptable probability. Mixed with Elliott's it has to make another leg down to $1551 to complete the pattern before starting off to create a new ATH at around $2925. This analysis will be invalidated in case the price breaks up above $2070 DYOR
Hello Traders There are several factors that can affect the gold price this week, actually NFP and unemployment data are necessary for future FED decisions and gold of course. So without overthinking about what will happen, let's focus on present market price action. Gold Price is moving inside of descending channel and forming a bearish 5-wave impulse Elliot...
With the recent Ending Diagonals on OANDA:XAUUSD as shown in the chart below, Gold is currently starting the Correction of Wave A/1 of downward movement which started in the first week of May. On Various brokers, the price went beyond making new ATH almost a month ago. But in my opinion, that was just SL hunting done by whales to squeeze out the...
Hello Traders👋🏻 On The Weekly Time Frame, The XAUUSD Price Reached a Major Key Level ✔️ Currently,on the Daily Time Frame XAUUSD formed a Rising Wedge ✔️ The Price Failed To Create New Higher High 📈 The Support Line of the Wedge is Broken 🔥 So, I Expect a Bearish Move i'm waiting for a retest... ----- TARGET: 1941.970🎯 ___________ if you agreed with this IDEA,...
I believe that now is the best time to get inside for a countertrend bullish move. Gold is in a downtrend since reaching its all time high. Intraday I will spot higher highs with strength and momentum. The prior higher high was fairly strong. Price retraced to the 38.2 then began giving bullish reversal signals. My target is the major 38% retracement of a daily...
Gold is failing to break through the 4h support, giving us the low-risk opportunity to buy gold, when you look close to the m1. the buyer's momentum has reduced. so look for confirmations to buy short term.
While there is no one-size-fits-all trading strategy for gold, here are a few popular approaches that traders often consider when trading gold: Trend Following: This strategy involves identifying and trading in the direction of the prevailing trend in gold prices. Traders may use technical analysis tools, such as moving averages or trend lines, to identify trends...
After an impressive uprise, Gold pulled back below 2000 USD mark and currently remains there. Fed is notig that given the resiliance of the inflation, the interest rates should continue to rise, until the inflation is in acceptable levels. The rise of the value of the dollar had put some pressure on the yellow metal, taking it out of the bullish range that was...
Hi everyone! -Update on Gold from the last time. -Gold make some huge moves and make another demand zone below that can potentially hold. -But it have a bigger DEMAND below him and a lot of liquidity that is resting. -Follow what will happen on the market and don't depend just on demand use confirmations. I wish you a good weekend
Here is my analysis about gold, we are in support level, before last wave 5, there is needed wave 4 to be finished. I think wave 4 will bounce in upcoming days, and then we will see downtrend again, before we trend tries to be changed. For now, I am opening long position.
XAUUSD at supply zone if can't break can rise to 2026 - 2034 - 2050 and if can break can drop to 2003 - 1991 - 1982
In my previous Gold Analysis a couple months ago, I talked about the market structure of Gold which is indicating a big downward move soon. So far, the market structure has failed to give any bullish signs while the bearish probability has been increasing in the meantime. The wave count shown in the chart is my primary count for Gold. Bulls are almost exhausted...
Gold - 24h expiry - We have posted an inside Harami candle on the daily chart. A clear sign of investor indecision. A bullish reverse Head and Shoulders is forming. Bespoke support is located at 1995. The formation has a measured move target of 2041. Dip buying offers good risk/reward. We look to Buy at 1991 (stop at 1976) Our profit targets will be...