In our previous article on gold, we noted that we were still not turning bullish in the short-term as technicals on the daily and weekly time frame pointed to more downside. However, prior to that, we also noted that one development stood out to us, and it was decreasing volume accompanying the falling price. We stated this was a positive development for gold,...
XAUEUR, the gold-to-euro currency pair, has recently shown signs of a potential bullish breakout. After testing a significant support level at 1740, the pair has started to form a pattern of higher highs and higher lows, indicating a shift in momentum. Currently, XAUEUR is consolidating within the confines of a rising wedge formation. This technical pattern is...
In the last article, we expressed a bullish bias for gold in the long term. However, we also noted that we could not ignore certain worrying signs that were putting us on a high alert in the short term; in particular, we mentioned 20-day SMA and 50-day SMA closing the gap and low volume accompanying the price higher. Since then, the price of gold has slumped from...
In the current financial landscape, gold continues to emerge as a resilient asset, demonstrating impressive growth year to date. With an 11% increase in value thus far, gold's performance surpassed last year's modest 1.3% gain during the same period. This remarkable appreciation can be attributed to a combination of multiple factors, including economic...
Why is Kinross gold mining the only stock showing up in my scans today? It just seems everything has collapsed over the last 12 hours. This is the only one that meets volatile standards. Is there something strange going on in the markets that we should all be concerned about? Even this stock has been dropping since the market opened today. Is anyone else...
-SL @ 1902.50 SLO @ 1850 SSO @ 1715 TP1 @ 1550 (shaving 25%) TP2 @ 1400 (shaving 25%) TP3 @ 1300 (shaving 25%) TP4 @ 1066 (closing all)
Recently, gold started to show serious signs of awakening. Just two weeks ago, it rose above $2 000, a level unseen since early March 2022. Currently, it trades near $2 027 per ounce, about 2.3% below its all-time high value. Overall, we would say that gold is performing very well against a backdrop of high inflation, monetary tightening, and worsening economic...
Our Trader Entry done Tp : 1833.10 SL: 1846.33 Wait for Next Move
Xaueur, gold 4hr deep crab and weekly chart bullish flag Pattern Formation, 4hr short as retest and expected to up again as Bullish flag, idea sharing thank you
Xaueur gold Deep crab Pattern Formation Deep crab XABCD in Ratio, RSI in Divergence mode as per mantioned in chart Stochastic overbought idea shareing
XAUEUR Bullish flag weekly chart Idea sharing for Retest and again all time high to test As 001 bearish deep crab pattern formation in 4hr chart is the 3rd target of this retest zones
Deep Crab Pattern Formation, Xabcd short RSI in Divergence mode look left 1st target mantioned, 2nd and 3rd as per B and C
Since our previous idea, gold bounced higher, breaking the $1 900 price tag. Currently, XAUUSD trades near $1 908, bringing it up more than 4% year to date. We continue to be highly bullish on this asset in the long term. However, we are still worried that stock and cryptocurrency markets are also rising tremendously; based on the information available, we believe...
After beating Bitcoin in 2022, many investors wonder whether 2023 is the time for gold to shine. Last year, central banks accumulated 663 tonnes of physical gold in the first three quarters, making it one of the biggest buying sprees among central bankers (even with no data available for Q4 yet). Overall, the gold market experienced a relatively good year compared...
Despite seven interest rate hikes in 2022, gold is down only about 1% for the year. That shows the strong resilience of gold against a backdrop of the slowing economy, cryptocurrency bear market, and still relatively strong U.S. dollar. In fact, gold has outperformed the Standard & Poor 500 index, Nasdaq 100 index, Dow Jones Industrial Average, and Bitcoin. ...
In my opinion, on a break above $1808, price will likely make a momentum move up to $1869. If price were to move above $1808, I’d take a long after a retest on the M5 @ $1808 with a stop just slightly below. However, if price breaks below the red trend line in the local green circled area, I think, it would warrant a short entry after a retest on the M5 with a...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for XAUEUR. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich