Gold is still rising. W1 timeframe also has closed above of last candle that means Next week we will look uptrend. But to gain power it should pullback to demand zone and will go on to increase. I showed to demand zones for you. We will wait pullback and take comfirmation on lower timeframe then we would trade. I think It will help to get some profits. GO ON TO...
Sell Gold below 1733.50
Gold on h1 chart shows berish movement may break the support that is observed by trend line. So one can take a sell call below the price mentioned.
Also take care of the news/data to be released in next 2 hours or so.
Happy Trading All!
XAUUSD H4 - This pair has been an absolute pleasure recently, the cleanest day trading entries you could ask for, very little in the way of drawdown, just simple lower lows and lower highs.
exactly what I expected happened. we will now test and most likely break the orange zone. with the DXY in the right direction in terms of setup, we'll be seeing the 1800 soon
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GOLD made new all-time high back in 2020 and then pulled back to 1676 which set the trading range for next year and a half. During that period there was a break of violet downtrendline which was subsequently...
Gold pared some of its gains on surging US treasury yields. Markets eye US CPI data for further direction. Headline CPI is expected to decline by -0.1%, core inflation to rise by 0.30% mom. The overall trend is still bullish as long as support of $1700 holds.
XAUUSD H4
Trendline here drawn just to evident the clear bearish move, very much still in a downtrend here. Looking for that next bear leg and healthy correction as stated on the above D1 analysis.
Certainly an attractive pair to follow with lots of downside potential if this $1700 can be breached.
Gold H4
We sold off nicely here and looks to have broken support, but a quick flick to the D1 timeframe shows a large wick rejection, and whilst we have set new lows on the H4, this isn't the case for the D1.
So we simply wait for something a little more clear which compliments both timeframes, this would give us more certainty and confidence in taking our...
XAUUSD - Gold a textbook bullish cup and handle.
Does not get any more compelling, short of cup handle breakout and successful back test.
Break out target USD $3,000.
XAUUSD H4
Down from 1800 since Monday, but since then we haven't seen a great deal of change in flat price, the fact we have dipped down towards $1770/oz is positive for USD bulls and gold bears though. Waiting patiently for this breach of $1700/oz, convincing close below and this should see the USD gain and gold break support
