Inverse relationship with the dollar may also suggest a quick short as the dollar just dropped from the all time-high. The dollar may start to pull back down and if so we should see Gold rise. But not after it shorts from the next bearish order block to the nearest Bullish order block and by looking at the Commitment of Traders for Gold Futures, it appears that...
GOLD can go up temporarily But note that long-term gold is bearish. Visit my page to see more mid-term and long-term analysis
XAU $XAU Initial Long. This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: XAU is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and...
Gold is bullish making HH and HL. Today gold may test the 1770 level considering the bulllish trend. However there is a very strong resistance at this level. So we may see a pull back from this. The present value zone has support above 1750 and resistance above 1770. BUY STOP 1756 SL 1748 TP 1766 SELL 1774 SL 1780 TP 1765
No more bulls trends on the orizon, berish season open, be ready for the "Big Dump"
Gold Intraweek Technical Analysis: Gold withnessed a bullish week. The price took rejection from 1795 twice. This may be the start of a downward movement as the US dollar index DXY is on fire after better than expected non farm payrolls. The weekly support lies at 1750. The two main supports for coming week are 1767 and 1750. My idea is that in coming week gold is...
Rare Opportunity on XAUUSD approaching. Multi-year level about to be tested. Either Bounce and retest resistance or break through and head to the next extreme lows. Either way, big money to be made both ways. Play it safe. #XAU #GOLD #XAUUSD #GOLDUSD
Now we are near to the main support level of gold as we can see from w1 chart. The region is around 1677 to 1687 (the low of flash crash by 2021). I prefer to buy around the region. For the target between 23.6%-61.8% of fibo retracement. Trade well and wisely. 🙏🙏🙏
Hi Traders, As per my previous short which has since hit all 5 take profits we are now looking for long setups. This is as per the below analysis: We believe there will be a quick and fast break of the previous low before reversing back up into the trading range and defining a bottom. We hope this low comes off extremely low volume showing that the change...
Overlook If i look at the previous Uptrend of Gold (1976 -> 1980) and our current swing we see the following similarities: 1. Uptrend 2. Downbreak to the 50% of the move 3. Uptrend to the big resistance level (Orange Line) that held price down 4. Engulf of said resistance level but no follow through If Gold price moves like the in the previous swing the...
Gold is in sideways movement between 1835 and 1846 levels. Today we have news on home sales and this is going to be negative for USD because the interest rates are high the sales will be low. Hence I hope news will help gold on making high. Technically gold is stuck in a descending wedge since its broke out from the yellow bullish channel. This wedge has its...
Gold could be cheered but visit to 1780-95 over anything
Gold remains resilient against bearish fundamental factors like higher interest rates and economic tightening. Meanwhile, it enjoys support from persistently high inflation. On 15th June 2022, the FED meeting is set to commence. Moreover, the FOMC is expected to raise interest rates in the U.S. by at least 50 basis points. In our opinion, this poses a threat to...
Gold's technicals and fundamentals all point to Gold going UP this week. With the economies world wide feeling the crunch old faithful GOLD is the sure go to. So look for gold to long into her ADR all this week. Trust your trade set up. Be patient, Never over leverage. Have fun!
Hi, this is my Bull scenario though we have Bearish scenario also in play and critical area is at 1860. I will trail and protect my long (SL at entry) then see how this scenario plays out. I'd like to see bull reach 1890 area then 1915 before any pullback to invalidate bear scenario. Trade well, Alex
i see double top pattern, weekly time frame on Gold , not too much sure but we have very big -RD and we can't ignore it cause higher time frames are more important than the lowers one, so just take care and be careful and don't miss the big money
Hope all is well, Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets. Gold must close 1H above 1898 for continuation to the...
Recently, gold nearly touched the 2000 USD price tag. However, it failed to move substantially higher because profit-taking quickly ensued as the general stock market started to fall. Nevertheless, we continue to be bullish on gold in the medium-term and long-term. But we are growing increasingly nervous due to the intense persistence of selling pressure in major...