Gold appears to have hit a hurdle in the 1910 level. The bulls are unable to take out the 1910 level and we have some consolidation in this area. At the same time, US Dollar seems to have found some bids. This can lead to a pullback in the price of Gold. If gold continues to struggle in this area then selling Gold@1900-1910 with SL above 1920 and TP at 1845...
As gold is extreamly bullish in all bigger time-frames, here is an entry i am willing to take, and i possibly think that might be a success one. Keep an eye on it.
We don't have any important zone more than we marked on chart i will wait for break out and retest
After looking into OANDA:XAUUSD On the 1D timeframe, there was a support area it failed to break, it then had a reversal from the downtrend movement, and now I think it's possible for OANDA:XAUUSD to be uptrending, here's a take on what I looked at : The trend(UPTREND) 1H and 4H Channel Support Levels in 4H and 1H RSI oversold Support and Resistance
Hi there, Still think we visit above 1800 to 1900, this last drops was mainly bear trap now to get liquidity from sellers and catch holding sells at wave number 4 DXY chart also very over extended in need of a retracement which will make gold fly. I only will look for sells above 1800 Good luck.
XAU/USD - 4 Hour Time Frame CUP With Candle
XAUUSD (gold) is approaching a must-hold area for bulls. I mentioned it in yesterday’s video, but $1,680 is a confluence of support. It’s the intersection of a key horizontal level, descending channel support, and the 61.8% Fibonacci of the 2020 to 2021 range. Here’s how all of that looks on the chart: If XAUUSD has any chance of turning this multi-month...
Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆 ^ Check out our last week's posted analysis ^ Last week our GOLD analysis was updated twice on this website, usually we only post 1 weekly analysis and update on our platforms. In our mentioned analysis last week, first one we mentioned that we would be looking for buy potential after taking out lows...
Hi there, Gold is about to rise, wave 3 was completed on monday Wait for pullback to get in buys, Targets 1800-1850-1900 Only then we can sell for target 1500 Good luck
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hello traders, i post this buy limit idea becouse we have see in the past the gold testing the 1765 area and failing to pass it after that there is folowing an bull run to 1800 area. Thats what i see share yout thought below.
So this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold. We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here. Therefore this should be a great entry area to go...