WILL GOLD BREAK 1,735 LEVEL OR WILL IT REVERSE TO THE DOWNSIDE IM WAITING PATIENTLY TO WHAT ITS GOING TO DO
I think that XAU is not able to cross kumo cloud and I expect bullish month and weeks for the future of gold, but we will probably have little bump here on daily chart of gold after touching rsi and fibo supports. chart is clearly showing the targets.
Gold very recently dipped in to a pool of liquidity (last significant low before a large move up) that led to the parabolic rally that printed new highs. As soon as the violation happened we saw rally that violated the bearish market structure on the daily timeframe giving very bullish signals. This correction might not be over but there is an opportunity to...
See how beautifully TA works. Please post your views on gold. Thanks
Hello and welcome back. If you found this idea helpful, please leave a like. My last Gold post was on the topic of a retracement higher, which I got. However, it no longer looks like it wants to press lower to 1800. We should target the highs above at 1975. It can retrace down into the pinkish rectangle below, but I would rather not see that. I want to see strength.
Spot Gold has been hurt by a run higher into the USD and buyers will need to hold some support soon. We are watching the 1868 zone to see if buyers react and start a squeeze on sellers for a run up. The latest trend is down and momentum may be enough to push price even lower which would open up a move down to 1794. We expect to see a reaction around 1868 although...
Resistance 1961 Support 1922 *Disclaimer : I just shared my views. Please trade with your own and comfortable ideas.
Gold markets have pulled back a bit during the trading week, only to show signs of strength again just above the $1900 level. I do believe that the $1900 level is going to continue to offer a bit of support, but at the end of the day I think you have to be very cautious about getting overly bullish as the US dollar seems to be trying to recover If we were to...
Looks like a perfect swing trade setup.. in line with the fundamentals too. It actually presents a decent Risk to Reward ratio. RRR: 1:16 Entry: 1910 SL: 1900 (10 pips) TP: 2075 (165 pips)
A falling trend breakout on H1 as the spot clings onto the critical triangle support looking at the retest of 1960.00 💱 BUY LIMIT 📊 Entry: 1935.00 📉 Target: 1960.00 (250 points) 📈 Stop Loss: 1925.00 (100 points)
It is no secret that all central banks are now willingly and actively printing currencies to keep stock markets afloat. The U.S are leading the way and the dollar is weak. Against other currencies that are also seeing money supplies increase, the effects of increased Dollars is diminished but against Gold, which cannot be printed, we are going to see large...
Gold has been on a crazy run recently assisted by the coronavirus pandemic and more recently, the USD weakness. I can see some signs of momentum slowing here but shorting is risky long term with such uncertainty in global markets. That being said, today there is some nice rejection of the daily pivot level and price is breaking below the 1hr 50ema after crossing...
A LONG PERSPECTIVE ON GOLD. Take a quick careful look at what's happening and what is going to happen.
Forgive the mess on your screen right now, though take a good look at what is going on.
Sell Sell Sell Short term target is 1,830
Short October 2020 contract's lot is safer side for the short term.. Sell.. Maximum expectation to the upper side is 50,200 for this week.