Hey Everyone, A great finish to the week with all our chart ideas playing out perfectly, as per our daily updates throughout the week. Yesterday we advised that we got the test into 2380 weighted Goldturn support, after the rejection from the top. We also got the cross and lock below 2380 opening 2359, which was also hit perfectly. We then stated that we needed...
Upon reviewing the #gold chart on the 2-hour time frame, we see that after hitting both targets at $2420 and $2429 and reaching as high as $2432, gold faced selling pressure and couldn’t register further gains, resulting in a total return of around 320 pips. Now that gold has declined to lower levels, it has become more attractive for buying and has created...
FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we...
Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all! bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline the daily engulfing zone at...
Today's Counter-trend pattern is a Top/Resistance pattern. This pattern usually reflects a price peak setup - rolling into a downward price trend. But it is in a Counter-trend formation today - so we should expect a base/bottom setup rolling into a bullish price trend. This video covers the SPY/QQQ/Gold, and I expect the "Kamala-Shakeout" may be nearly over in...
Hey Everyone, After completing the range target yesterday at 2421, we also had ema5 leave a gap to 2438. We got the push up into the range but left the gap short before the rejection. This is why we always buy from dips and not from the top. We got the test into 2380 weighted Goldturn support that we stated yesterday. Cross and lock below 2380 opened 2359, which...
GOLD after the retest of 2430 fell under the selloff, there is no pressure on the price of metal, but the reason may be profit taking amid the selloff in stocks and in anticipation of economic data from the United States. Traders are waiting for US GDP and Initial Jobless CLaims, which will be released at 12:30 GMT. The data may have a medium-term impact on...
XAUUSD is in a correction phase. The price is currently near the 2380-2396 resistance zone. If the price cannot break through the 2399 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea! *Always follow your trading plan regarding entry, risk management
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 104.900 zone, DXY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 104.900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2340 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2340 support and resistance area. Trade safe, Joe.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price bounced from support level and rose to $2387 points, after which entered to wedge. In wedge, price fell to support line, breaking $2320 level, but soon price backed up, breaking this level again. Then it rose to resistance line of wedge,...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where at once it broke the support level, which coincided with the buyer zone and continued to move up. Later price reached the resistance line of the channel, rebounded, and fell to the support line, after which...
Dear Colleagues, It looks like price has completed an upward five-wave momentum move and is now in an “A B C” correction. Therefore, I expect the price to reach the area of 50% Fibonacci level 2439. I will then expect the price to decline. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD Price dropped perfectly as we mentioned in the previous idea, and again pushed toward their resistance which is 2378 For Today again, the price will trade between 2378 and 2356 till breaking, as long as it trades under 2378, the means will continue dropping to get 2356, and the bullish reverse should stabilize above 2379. Bullish Scenario: The price should...
My dear friends, My technical analysis for GOLD is below: The market is trading on 2385.3 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2368.6 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend...
Hello, Friends! GOLD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...
Today, gold rebounded all the way to the 2390 area, but it is still blocked in the 2390-2395 area and has not broken through the key key level. Gold is currently just rebounding and cannot be characterized as a reversal. In addition, the short trend of gold has not changed, so even if it seems to rebound strongly, it does not affect the short trend. If it falls...
Gold started to increase from the Support zone($2,398-$2,376) with the help of the Inverse Head and Shoulders pattern and is moving now near the Resistance zone($2,451-$2,426) and inside the ascending channel . I expect Gold to take a downward trend again in the coming hours and at least go down to the Targets I specified on the chart. Gold Analyze...