XAUUSD is trading in a downtrend Below a falling resistance And as I am bearish biased On I think It will keep falling
Reason For XAUUSD BUY 1. XAUUSD oversold in 1H 2.RSI 14 tends to mover upper 3. GOLD ralle UPtrend in 1H Time frame Overall Outcome GOLD BUY 1669.50 SL 1662.00 TP 1680.50
XAUUSD Technical Outlook & Fundamental Veiw Gold struggles to gain any meaningful traction on Friday and seesaws between tepid gains/minor losses through the first half of the European session. The XAU/USD, however, manages to hold above the $1,700 mark as traders ReasoN for GOLD XAUUSD fall 1. Holding @ strong Resistance and make correcction over the strong...
Fundamentally; Gold prices have been falling for two reasons the feds raising interest rates which attracts investor money and makes the US dollar even more stronger and as long as the feds keep raising the interest rates to protect the economy and stabilize inflation I see no hope for a bullish market for gold at this moment. Technically; The overall big trend...
• Gold has been bearish for the past few weeks, so I am looking for sells based on the 4H structure. • I always look for sell confirmations in my 786 zone and we’ve clearly just reached the zone with some bearish rejection. • Price just posted a 4H bearish engulfing candle before market closed so I hope to see the bearish move I’ve anticipated.
Monthly/ weekly; price broke the deceleration zone and the bullish structure, now it’s trending bearish m expecting the price to reach 1200 looking at it from Elliot wave theory. On the daily, we can see that the market is making new bearish swings with high bearish momentum. On the 4h price is currently consolidating imma wait for it to break below with a...
XAUUSD is trading in a downtrend Below a falling resistance And now is going up To retest the falling resistance and horizontal resistance at 1688 From where a local move down is likely
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis. Press like button if you enjoy this content 😊
Gold can take support from mentioned areas for upside move and tp of upside move is also mentioned on chart.
my confluences are the same as always, ill be scaling in into the position on the 1h when there are obvious opportunities
In my opinion, gold is in its 4th wave. The first movement part of wave 4; It finished 2 days ago and started the second part. As I showed the ceiling and the floor in my previous analysis of gold, it will be the same this time. But with a big difference: the volume of sales has decreased, negative news related to China, Taiwan and America has increased, these...
- Analysis of gold against the US dollar on the four-hour chart Technical analysis is based on trend analysis The price is now trapped between an uptrend and a downtrend - We wait for the downtrend to cross over to reach the targets specified on the chart The weak scenario is to break the uptrend to fall to the selling targets specified on the chart
Good SELL opportunity for GOLD. Why I think so? See A: Asset's price at a good SUPPLY AREA. We see Base-drop-Base, which shows this area can be used for SELL entries. See B: Support & Resistance Area at same level as the Supply Area, indicating it is a strong SELL area See C: Divergence on Awesome Oscillator See D: Low volatility, weak trend movement...
On Tuesday, Gold was about flat to $1711.3, the yellow precious metal was below its 20D MA (@ $1770) & below its 50D MA (@1813), the 14d RSI below (26.18) indicates gold was over sold, while the precious metal has been consolidating for the past few days despite the fact we have seen weakness in the dollar index. Here we can see clearly the latest news for Gold, &...
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels...
as we can see now HH just break the previous LH thats mean revesal trend in making but let current price make decision let market do what they do.
Now gold price is near 1953 level we expecting gold to rise from 1950-52 level we have upward targets 1958 ,1962 and 1964 Swing Range is 1921
This week GOLD closed at 1973 as we have mentioned earlier we are bullish on gold up to 1990-2005 Best BUY ZONE around 1966-67 We have targets 1980,1984,1990 and 2002. This targets are valid only if gold stays above 1960-62 zone , if this zone breaks then we can see price move towards downside.