Purple = weekly Blue = Monthly Orange = Daily Hello Traders and Analysts, The following analysis will be in depth to explain the out look of the Index and Based on what merit? Being a commodity based inflation hedge - the orange zone at $1800 - 1805, this zone has been a great opportunity for the Yellow metal to keep its continuation moving against the bears...
I am long gold from its previous low and adding some more.
Im thinking it will come down to the 0786 (1806 area) on the fib before i enter a long position.
above triangle will be BUY Under triangle will be SELL
Price consolidated at a short term support before displaying a strong bullish impulse away. The TR also formed somewhat of a (weak) double bottom before the impulse, providing a bit more confluence. Since generally speaking, gold experiences a bit of rally during the holidays, my overall bias month is bullish, and so I'd like to think that price will at least be...
Seems like XAU is forming a cup and handle. Breakout to the handle could possibly target close to 3K by April 2021. Support is seen at handle trendline or around 1800. Trade Cautiously.
Trading Idea: Long Buy Area below: $1,770 Stop Loss: $1,735 Take Profit: $1,880 Today Gold reached levels below $1,770, before bouncing back above $1,800. It lost a bit more than 14% since the last surge marking an all-time-high level above $2,070. Investors turned to riskier assets since the popular vote chose Biden as the 44th President of the USA....
Explanations and conclusions will be announced in the comments below
Purchase range: 1851 Targets: 1857- 1863- 1869 Stop loss The first goal: the profit to loss ratio is 1: 1 (1845) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 1851(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
Purchase range: 1910 Targets: 1913- 1916- 1919 Stop loss The first goal: the profit to loss ratio is 1: 1 (1907) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 1910(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
Purchase range: 1886 Targets: 1890- 1894- 1898 Stop loss The first goal: the profit to loss ratio is 1: 1 (1882) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 1886(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
Purchase range: 1911 Targets: 1917- 1923- 1929 Stop loss The first goal: the profit to loss ratio is 1: 1 (1905) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 1911(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
All info can be found on the chart. DMs are open!
Hello, today I starting to analyze Gold, is one of the best money history of humanity and knowing the hard money, is precious!!! Now, looking in Daily timeframe, we see that Gold is into this bullish channel from May 2020 So I expect that Gold is lead to the $2,200 as take profit because we continue following the bull trend Finally, in H4 timeframe we see a...
Looking for XAUUSD (GOLD) to get around the 1804-1802 area to go long. Expecting a new high this week with all of the news and the dollar to possibly get weaker. Gold usually gets a little stronger. I don't think we're near the peak of gold just yet.
So I trigger in long on market open I manage to get 3/4 my position around 1807. Already in nice profit. I have revise my target as the 1.618% fib @ 1858 area. Makes sense to me looking at the bounce from the below 141.4% fib. Stops at 1805 just incase market changes its mind!!