Gold has converted the formerly strong Support, MA50 (1h), to a Resistance and a Channel Down has emerged. Today it priced first the Lower Low and now the Lower High. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses over Resistance (1). Targets: 1. 1950 (Lower Low on a -1.39% decline, like the previous sell leg). 2. 1997.30...
Analysis of gold in an upward trend channel has been formed, suitable areas for buying, good luck
The latest CTFC Gold Report has just been released, and it reveals an astonishing trend that is sure to make your trading instincts tingle with excitement. Are you ready for it? Well, here it is: Hedge funds are piling into gold like never before! Yes, you read that right! The smart money is flowing into the precious metal, and it's time for us to ride this...
With all trades there are 3 outcomes. Price goes up, sideways, or down. Outcome A If price breaks through the first level of resistance there is another just above, entering a long on the lower time frames would make sense in this outcome Outcome B Price trades sideways so we would do nothing. Outcome C Price breaks through the trendline and heads south,...
If we can see price maintain above 1966, we have the potential to see gold begin pushing back to the upside towards $2000 and more, especially fundamentally with the Israel - Hammas war.
#XAUUSD analysis Weekly Time Frame , it looks recession may hit hard ... In Daily TF, The Price has Started a new up trend which is a pull back a previous Downtrnd leg. we may see a drop to 1681~1665$ :then Finishing 2nd Leg and run up The potential Supply zone to reject the Price are 2 zones: 1) ~1873 2) ~1970 I can See that #GOLD may Reach 1450 Area if the...
Hi Guys, I'm back with another analysis on gold, In my previous analysis I had 1972 area as a buy zone which this morning reaction happened and on it's way back, area was breached leading to a hidden demand area at 1964 which indeed considerable reaction happened there. Second time coming back there you could take a trade provided that lower time frame confirms...
Hello traders! This will be a short-term analysis for today. On the chart, the price range is narrowing with the potential for a significant breakout expected, which could lead to a decline in XAUUSD due to its recent downtrend. However, this decline is likely just a corrective move as the overall upward trend is still being reinforced by the ongoing volatility...
Dear Ziilllaatraders, Here is an explanation for the potential drop in the price of gold due to a stronger U.S. economy, anticipated interest rate increases, and a delay in rate easing, even though recent gains were driven by the conflict in the Middle East. Here's a breakdown of these factors: Stronger U.S. Economy: A robust U.S. economy typically leads to...
A Golden Idea OANDA:XAUUSD XAUUSD pair offers diverse opportunities for traders. Scalpers can thrive on its short-term price movements, while those with a bullish outlook may find gold a compelling asset for long-term investment due to its historical status as a hedge against economic turmoil and inflation. However, always remember that successful trading...
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
✅ The chart reacted to reaching resistance. The price started the reversal. Gold will continue to decline. ✅ 🚀 SELL scenario: short to 1946 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.
By checking this chart in the 4-hour time frame, we can see that the price is in an important supply range and the possibility of further correction beyond this range is high! The two important price ranges for the SELL position are 1.065 to 1.063 and 1.06970 to 1.07370 respectively! The appealing range for the BUY position is from 1.045 to 1.049 ! This analysis...
Preferred direction: BUY Comment: Gold, which has already made its way down exactly as we described, remains unchanged. At the moment, after a significant part of the buyers have been dumped, the metal will most likely rise again and again update local highs. Gradually gaining a long position will be the most successful solution here. Thank you for like and...
Preferred direction: BUY Comment: For the USDCAD currency pair everything remains valid. We follow the extreme plan that we described in the trading idea. The support level is still pushing the price up. The buyer's target remains unchanged and is aimed at updating local highs. Thank you for like and share your views!
Preferred direction: SELL Comment: The currency pair continues to trade at the level of 150. There is a decrease in volatility, as well as the fact that buyers have begun to enter the market. In this case, this is one of the long-awaited moments for a major player, since due to this he will go down. The target of the fall is seen at the level of 147.816. ...
Gold has been moving up for the past few days. It broke out of a descending trendline impulsively on the 4h TF and now formed a bullish flag correctively on the 1h TF signalling a continuation of the bull run.
XAU-USD broke the key Horizontal level of 1964.83 Which is now a resistance So we are bearish biased Now and I think that A move down is To be expected !