Gold has been in a continuous downtrend since June, 2021 followed by a major crash on 9th August, 2021 which pushed the gold prices to as low as ~1,680 $ to the support level of April - June, 2020 and March, 2021. But the crash was soon followed by strong buying of Gold which resulted in daily candle closure above upper demand zone, but that...
We are looking at a clear structural double bottom
structural pattern-descending channel . a reversal pattern .
most support tests , which implies the support is strong .
on the lower time frame we will be looking for higher low , for an entry
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
If you like this idea, do not forget to...
we see dollar index has been weakness and we see opportunity that gold will go back to the highest than before if break the trend Line resistant but if the price can't break so gold continue the bear trend
Could expect a minor pull back, or even a retest of 1765 , due to the bearish engulfing on the daily. Pay close attention to the candles on Monday and throughout this coming week to look for entries.
Take partial profits throughout this trade as it is a swing.
Gold has spent the last 2 weeks consolidating in a range.
I still expect a new leg of correction and my target is above 1800
That being said I will look to buy dips and a dive under 1750 would negate this scenario
Gold Price Forecast: XAU/USD Breakout Holds Through CPI - FOMC on Deck
Gold prices put in a major breakout last month, and so far buyers have been able to hold the bullish trend.
At the source of this move was the presumption that the Fed will be sitting on low rates for longer, but as more signs of inflation begin to show might the Fed be compelled to moderate...
Gold is looking to continue the uptrend since April base on technical. Last week we had 2 main fundamental news being ADP and Unemployment claim which cause DXY to rise and all pair to drop against the USD. Right now it look like gold is going back up to retest previous high at 1915. Keep calm and follow the trend
Gold is been bullish for 2 months now.
On the daily chart, we see RSI showing overbought. We might see the price to relief.
On 4 hourly chart, RSI showing nice divergence while the price is forming a triangle pattern that indicates the price is coiling up.
It can move in any direction after a breakout. We don't care though.
IF the price goes up then great,...
Hello every one, here I have shown you that how I see this pair. This is not a financial advice. It is just for educational purposes. Feel free to share your views on this idea below. By sharing our views both of us will learn something new.