Xau has created a mitigation zone at the 2040's, a new weekly candle formed as its the beginning of a new week ( its an initial bearish movement on the liquidity sweep below) till the 1990's and then we go bullish BOOST 🚀, COMMENT 📑 and FOLLOW 🏷 for more helpful analysis 👍 ....
This week's perspective on gold is quite interesting, considering the recent break to the downside. The current retracement, triggered by a reaction from an imbalance, has my attention focused on the 22-hour supply zone. This particular zone played a significant role in causing the downward break. Given that price has cleared liquidity from its all-time highs,...
Dollar currency Index took support on its D1 time frame, which is seems very strong and Gold accepted it supply zone from 2087 and now falling down. I am bearish on it. DYOR before taking trade.
Im seeing bearish momentum on XAUUSD (GOLD). It will be better to look sell opportunity on it.
If know the concept of supply and demand, then you know what I have made. This is sell opportunity. I am much sure that GOLD will fall more from here.
Welcome back to another episode where we dive deep into the dynamic world of Gold. The bulls' recent positive traction lifted Gold's price on Friday; Breaking a four-day losing streak, it surged from its lowest point since March, hovering above the pivotal $1,885 zone. Adding to the intrigue, the US macro data paints a portrait of an exceptionally resilient...
I have mentioned all the key zones from where you people have to buy and from where to sell. It is my request that please follow me only If your own analysis matched with my analysis.
As per the hedge fund data (COT), on Friday banks added short and cut long positions on GOL (XAUUSD) and according to the technical analysis, I am seeing bearish sentiment on XAUUSD. It will be better to sell XAUUSD on every resistance zone. Targets are given in the analysis.
On the 15M timeframe, price hovering over the support zone at 1985.5. A pullback to the resistance zone at 1990, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1985.5 could present an opportunity to play the drop to the support zone at 1980.5. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
XAUUSD moved sideway last week and trading in tight range bound. USD (DXY) is still weak and by this GOLD may rise again to it's previous HIGH. Wait for the rejection on that level to sell it again.
On the H4 timeframe, prices have broken below a key resistance zone at 1850.50, which is in line with the 61.8% Fibonacci extension. A pullback to this zone could present the opportunity to ride the drop to the support zone at 1831.20, which coincides with the 50% Fibonacci retracement. ADX is indicating a strong trend, while MACD is showing bearish momentum,...
GOLD (XAUUSD) is in selling mode DXY (Dollar Currency Index) is rising. I think GOLD may rise to 1820 - 1825 then falling will be expected.
Gold roses since December 2022 to January 2023 and now it gives us breakout to downside. I think it will continue to fall. As we can see that GOLD is making channels which is giving us good opportunity to sell it.
On the H4 timeframe, Gold’s recent rally came to test the 1789.00 resistance level on 16 November, which led to a reversal in price to the downside. Price then came to test the 1729.00 support level twice. We forecast that the bearish trend will extend below the support turned downside confirmation to the next support level at 1675.00. - Stochastic RSI is...
The last week for GOLD was amazed. Now GOLD is making Head & Shoulder Pattern and I believe it will fall more. My first target is 1725 and then 1710.
As we can see that GOLD has formed Bearish Flag Pattern and now acting on it. It is better to look short position on it.
As Dollar Index is rising so we can assume that Gold will fall more to it's previous low.
Keep you eyes on gold this weekend, as you can see the xauusd has been under a trend line since the 9th of march on bullish movement. The 4th of august, the market broke the trend line, and started a "probably pullback" on the trend line. SO NOW WHAT CAN WE WAIT FOR? There is two probabilties, the market may break down that trend line again and go all the way down...