- Gold is now at a zone were we expect big moves, as always look for entry confirmations, if price breaks, only enter at the retest.
- Gold está de momento em uma zona onde esperamos um grande movimento, como sempre procurem confirmações antes de entrar, se o preço quebrar, entrem apenas no retest!
Forming Ascending Triangle Chart Pattern in 4h Timeframe. (Bullish Pattern)
At the Moment, Gold Facing Strong Horizontal Resistance (1978) & On the Verge of Breakout.
Upside Breakout Expected So Wait for Breakout & Retest.
In Case of Upside Breakout, Target Will be Around 2005 (New All Time High) & If Trendline Broken (Triangle Broken...
After reaching the 1944 -1922 range, the target will be 1992, and if it breaks, the new target will be 2030.
If 1992 is broken before coming to 1944, the target will be 2030, follow the region marked with yellow box very carefully.
I update my analysis for you all the time, I would be happy if it helps
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As you can examine in a previous analysis, when the first trendline broke, I said the target would be 1982 and the target was hit right !! Now second trendline is broken and target will be 2005-2030 range.
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I believe strong dollar is comming off, we will have another deflation phase as we had on february where all stocks crash and gold will make a correction due to the strenght of dollar also, DXY is oversold at 93 (still a high number) and just made a double bottom, ready for a massive move to 100+ this will send gold to 1700 price again
Sl I will use 2075
Gold pulled back on Friday but the uptrend appears to be intact. In fact, Gold bounced nicely from the 100-hour EMA. If price stays above the area that I have highlighted in my chart, then it's possible that the uptrend will continue.
However, if the 2015 level is broken then the next level of support lies at 1980. Either way, I will be looking at some bullish...
- Once again gold is reaching our 1980's mark, as always, if price breaks this are and maintains itself on top of the 1980, we would aim for the 2000 target, however, since price is super slow right now, we recommend you to wait for an impulsive break.
- Mais uma vez o gold está a atingir o nosso target dos 1980, como sempre dissemos até agora,...
The first trendline; Breaking by moving average indicator, now its target is the 2nd trendline (1982 = fibo 0.618level) and if it breaks there , the new target will be 2030 USD
I will update under the analysis when the next break occurs, stay on track
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P.S. I personally will open entry if the price will show it according to my...
I expect it to start rising from the support zone that I have marked and my target will be the 1810-1814 range.
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XAUUSD bounced off 1765.15 where it could potentially rise further to 1792.66.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Everyone want to know what GOLD is doing?
As after the COVID-19 GOLD is starting its bullish moves after every correction. WELL, geopolitical tensions, stumbled economic recovery and fears about the second wave of COVID-19 are the factors behind the recent growth of fold prices. Most likely, they wo;; continue to dominate the market sentiments and support the...
welcome to another free trade-setup!
Very risky trade as GOLD can be unpredictable in this market.
Trading against a strong trend is always risky but technically I see a nice chance for a daytrade here as I expect a continuation of the correction.