Midterm forecast:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Technical analysis:
A peak is...
Although gold has a bright bullish future ahead we must first deal with the problem at hand, which is the double bottom liquidity holding at 1677.
I assume price won’t reach new highs without first taking out the planted buyers at the lows.
Gold tapped into the 50% retracement of the daily sell-off, I don’t think this pullback is sufficient, I would like to...
Welcome back Traders, Investors, and Community!
Hi Traders, XAUUSD on D chart is an uptrend however it might have a deep pullback before it continues to go higher
⬆️Buy now or Buy at 1744.50
⭕️SL @ 1660.25
✅TP1 @ 1828.25
✅TP2 @ 1875.15
✅TP3 @ 1959.30
We will have more FREE forecasts in TradingView soon
❤️ Your...
As gold now sits on the support area whiles DXY also went and visited the 93.00, this gives us more knowledge about where the market will be heading next. Going into next week we have to have a clear mindset of what the actual trend of the market is and try to squeeze along in order to archieve something. Risk management should be tight because gold can...
Hello traders, Gold in daily timeframe. This analysis has been prepared in daily timeframe but has been published for better view in 2 days timeframe.
As mentioned in the weekly analysis, gold is forming wave 3.
Inside wave 3, waves 1, 2, 3, and 4 are complete, and now wave 5 is forming.
Gold, based on the structure created by Wave 5, can be in the form of a...
In my Gold analysis yesterday, I mentioned that breaking the 1815 level will lead to more uptrend.
Although I considered that scenario less likely, US Dollar weakness across the board has led to a
breakout in XAUUSD.
Either way, the next key level is now at 1860 and with the current momentum, it seems quite possible
that Gold bulls will take the price to 1860 by...
Hello traders, Gold in 1 hour time frame, in the previous analysis, we said that if gold breaks its channel, it will move towards the bottom of the triangle and it will move.
If gold breaks the bottom of the channel (blue), the yellow support and the bottom of the triangle, the triangle analysis is rejected and the same zigzag as mentioned in the previous analyzes...
Hello traders, Gold In the 1-hour timeframe, gold has created different types of countdown due to its long-term side motion, but the best thing to do right now is a good channel for a simple Wave counting.
If we consider all this motion as a correction triangle for wave 4, this triangle is in wave b itself.
To confirm this triangle, in the first stage, it must...
Hi everyone! Gold has been on a strong uptrend lately with the weekly time frame showing a bullish bias as prices held well above the ascending trend line. On the H2 time frame, gold prices are pulling back to the support zone at 1802.50, in line with the ascending trend line and 78.6% retracement which presents an opportunity to enter a long position here. Stop...
Hey tradomaniacs,
welcome to another free trading-setup.
Notice: This is a beta-version of my new system! Please trade it only if you agree and with a decent risk!
XAU/USD: Daytrade-Execution
Market-Buy-Order: 1803.50
Stop-Loss: 1797.950
Point of Risk-Reduction: 1809.500
Take-Profit: 1824.500
Stop-Loss: 55(5) pips
Risk: 0,5% -1%
Risk-Reward: 4,10
...
Hello traders, Gold in 1 hour time frame According to the analysis I published in the weekly and daily times, the gold scenario in this time frame should have changed as well.
Gold is currently forming wave 2 for wave 3 or 5 at high times.
In this wave, 2 microwaves a forming in the form of a red channel.
I suspect that wave a will move to the 1795 region and then...
Midterm forecast:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Technical analysis:
A trough is...
Morning Team
My sells are very much still in play.
You can see from this analysis that the only real new structure after the sell-off has just been purged.
If you got out of your sells yesterday you could see how price reacts around this area to add more.
I will be waiting for one last push up before viewing the possibility of more sells.
We are also going to...
Hello traders, Gold in 1 hour time frame. In the previous analysis, I said that gold is a zigzag if it forms a wave of 5 waves, and if it is 3 waves, we should consider it as a flat.
The situation that is now in place can not be said that wave a is over or we are in wave b.
If the price can cross the Fibonacci level of 0.618 (1820), wave b is forming and is the...
idea is to short and continue short until we hit 1490 . we have been rejected from 382 levels and 618 levels ( which was also 50% levels if you check on fibs i made ) so now its heading towards 786 levels which are at 1750-54 which can play as good support to play longs but if we close below 1750 on h4 or daily next target will be 1729 for shorts . we can look for...
