I decided to take a look at Gold Spot (XAUUSD) in the long-term... This is the yearly (12M) chart.
All the details are on the chart.
We are looking at Gold at a value of $3043 this or next year... Based on TA.
I will leave the rest to your imagination but the Fibonacci numbers are telling that Gold can reach $7800 in a matter of just a few years...
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 watchlist and see if the rules of your strategy are satisfied.
Gold price ended July at $1,974/oz which made last month the highest that gold has ever closed on a monthly basis-beating the previous high set back in August of 2011 of $1,823/oz. July also saw price make a new all-time high of $1,984/oz which beat Septemeber 2011's $1,920/oz. So far August 2020 has set a new all-time high of $2,030/oz which was made today with...
In my previous Gold ideas, I mentioned that Gold will break out of the ascending triangle pattern and reach 2025 and I advised you to buy the dips(idea links attached below).
As you can see, price broke out of the ascending triangle and easily reached the...
We killed Gold again. Cheers guys. What now? Watch the video!
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
XAUUSD expected to reverse up to intermediate support at 1999.60 where it could potentially react and bounce to its resistance at 1st resistance at 2051.38.
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I will begin WTI ZeroMarket CrudeOil Chart Analysis for August 5 .
30-minute chart, one-way long position strategy.
Based on the green support line,
Check the blue route and main section.
If it does not...
Most likely GOLD going to relax & decide for another journey !!
As we can see RSI getting Air turbulence in the sky
potential 4 levels :
50 % 1999
78.60 % 1983
So we have classic numbers for logical since of gold movement for this week & short trade
All the best and our SL will be 2035
Right now for the gold spot, it has went to the price of $2010 which is a bullish rise from many previous predictions last quarter. Today at nearly 0.45% down, it is likely a dip because I think the next target should easily be $2050. That being said, please keep in mind everything I say is on an opinion based basis. Please do your own due diligence and invest at...
After on 04 August 2020 Gold already breakout from 1984 and create d new All Time High.
I Think now Gold will be create baseline or some rejection. But still on a Bullish Trend.
The Major Resistance Area will be on 1973 - 1978.
Possibly to Entry:
Entry Buy - 2008
TP 1 - 2039
TP 2 - 2050
SL - 1998
Hope you Enjoy!