Gold is currently in a consolidation phase before the next big move happens.
Based on the price action, the next move will most likely be bullish.
So, if XAUUSD dips to the 1760-1765 level, a buy trade will be a good option.
A potential buy between 1760-1765 with SL below 1752 and TP at 1815 is a
possible trade set-up.
Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right...
Hello traders,
As you can see on gold, the price hit an upward support did not break the 0.382 of Fibonacci which means that it will keep going up.
Overall, Gold is bearish since almost 1 year now, so watch out, counter trend trading can be risky.
THE LONG IS BASED ON TAKING OUT OLD LIQUIDITY POOLS ON LOW TIME FRAME FOR A SWING TRADE FRAMED ON THE 4HR. THE THRUST THROUGH OBVIOUS LEVELS; REACHING DOWN FOR OLD PRICE POOLS BEFORE REACHING HIGHER.
Gold bulls have been unable to break the 100 day EMA . In fact, we have two bearish daily
candles in this area.
It's possible that a correction may happen in Gold soon.
If price action continues to show weakness, a sell between 1785-1794 with SL above 1800
and TP at 1755 is a possible sell signal.
IM GOING TO GO LONG ON THIS MARKET DUE :
-STRONG UPTREND PIN BAR REJECTION AT THE 1H
-REJECTION AT SUPPORT AREA
-ASCENDING TRIANGLE PATERNN AT 15 MIN
CONCLUSION :
FOR GREAT RESULTS WAIT UNTIL THE PRICE BREAK ABOVE TRIANGLE RESSISTANCE THEN ENTER !
Complete Bull scenario on GOLD
Bull signals:
1 - Swing low to swing high has retraced to its Fibonacci zone of 0.618 at 9th March 2020, ideal zone for it to find support
2 - We have a double bottom formed on the 0.618 line which is the first double bottom since the August high in 2020
3 - W pattern has almost played out since the double bottom which was my first...
Hey traders, here is the analysis for the XAUUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
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Yesterday I said that Gold has become pretty bearish, and, indeed, in the first part of the day XauUsd dropped.
However, in 1765 support the yellow metal found strong bids and reversed strongly in NY session.
At this point, Gold is trading at 1782, just in strong confluence resistance.
After the 3 consolidating days and the lack of power of bears, I expect a break...
Welcome to our Trade Setups - April 19th ( XAUUSD ) !
BUY XAUUSD
ENTRY LEVEL @ 1783.63
SL @ 1771.38
TP @ 1808.16
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right...
