Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " A " Corrective Waves Symmetrical Triangle in Short Time Frame
Gold price (XAU/USD) enters a bullish consolidation phase during the early European session and oscillates in a narrow band around the $2,260$2,265 region, or a fresh record high touched this Monday. Gold price (XAU/USD) enters a bullish consolidation phase during the early European session and oscillates in a narrow band around the $2,260$2,265 region, or a...
hello everyone, these are the possibility of gold... if news continue to be bullish the price may likely get corrected... or it could break the uptrend channel.. the price is still in uptrend direction.. we may see bearish movement if usd strengthen today... as always look for proper breakout... good luck
Gold (XAUUSD) hit this morning our long-term 2260 Target, which we called for on our March 2021 (see chart below) idea: That not only made a Higher High formation at the top of the 5-month Channel Up that started on the November 03 2023 Low but also hit the symmetrical 1.382 Fibonacci extension as the last Higher High on May 04 2023. This has indeed been a...
Important Caption : By examining the gold chart, we can see that the price faced selling pressure after entering the supply range of $2212 to $2222 and was able to fall to $2202. After the price reached this level, it faced demand pressure and was able to It grew up to $2236 and recorded a new ATH and finally closed at $2233 on the last trading day of last week!...
Gold prices soared to unprecedented levels, peaking at $2,265, but now face a minor correction ahead of a data-packed week in the US. After a robust bullish rally, gold may finally pause for a correction before potentially resuming its upward trajectory. Investors are eyeing a possible reversal to the 50% Fibonacci level as a key indicator to watch. Market...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs and we continue to trade within a fractal high and low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did,...
Hello traders, I want share with you my opinion about Gold. A not long time ago price started to decline in a downward channel, where it first reached the resistance line and then rebounded down to the buyer zone, which coincided with the 2160 support level. After this, the price bounced up from this area to the resistance line of the channel, but in a short time,...
Gold price completes the ABC pattern. Wave C (expect more selling pressure) Subdivision= 5 waves impulse Target = $ 1932 Invalidation level = $ 2125 I will be watching $ 2098 ($ 2125) before buying more!
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics. BUY NOW
Gold's reaction to its own resistance range In case of failure, the next target area will be activated!
Preferred direction: BUY Comment: The situation with the New Zealand dollar is as similar as possible to the situation with AUDUSD . The mid-term buy priority is very strong, and we are considering growth towards the levels of 0.60700 and 0.61000 . Most likely, there will be a renewal of the local minimum at the level of 0.59500 , but this will not in...
Preferred direction: SELL Comment: Our previous idea of going long on this coin has been worked out, and it already makes sense to take a closer look at going short. In the short and even medium term, growth is likely to continue, as can be seen on the chart (two short scenarios), but a correction for the coin is approaching. This short-term/medium-term growth...
Gold (XAU/USD) could break below a potential breakout level and drop lower from here. Sell entry is at 2,168.96 which is a potential breakout level ( wait for the 1-hour candle to close below 2,168.96 for confirmation ). Stop loss is at 2,195.00 which is a level that sits above a pullback resistance. Take profit is at 2,130.81 which is a pullback support that...
Markets continue to hold on Fed Chair Powell`s rhetoric over the potential three rate cuts during the course of this year. In expectation, markets are making re-positioning for the first rate cut. Gold for one more time lost the negative correlation with USD during the previous week, when it reached a new all time highest level at $2.232 on Friday`s trading...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2257, a swing low support Our take profit will be at 2222.66, a pullback support level. The stop loss will be placed at 2272.15. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors....
Gold in the 2-day time frame is forming an ascending channel! The upper limit of this channel can be considered around $2250! If gold wants to complete this trend and wants to complete its price action impulse, reaching $2250 is possible! In any case, it should be noted that this analysis is in the 2-day time frame and this analysis will be long-term. 📈🪙
According to Elliot Wave is pointing down showing that price is likely to move down to a certing level of 2221.000 so that means going for SHORT is required and is adviceble to use a money management