Hola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAU/USD "GOLD MINES" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the...
HELLO TRADERS As,
GOLD just tested a strong resistance zone 1570$ on fib its a new ATH i can see a FVG near broken resistance 2533 which it have to fill and grab liquidity to make a new all-time high 2600$ which we had mention in our previous analysis friends its just a trad idea shares Ur thoughts it help many other traders
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A sudden violation of the all time high
triggered a strong bullish rally on Gold last week.
Here is the next potentially strong resistance that I see:
it is based on a major rising trend line and 2600 psychological level.
With a high probability, we will see a retracement from that area.
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Gold has turned completely bullish on its 1D technical outlook (RSI = 64.281, MACD = 19.680, ADX = 29.142) as it made a new All Time High today, extending the new bullish wave of the Channel Up. With the support of the 1D MA50, which is unbroken since July 3rd, we expect the extension of this wave as the 1D MACD is on its way to a Bull Cross. Since early June MACD...
Reason for Bullish In Gold
Any change in its demand anywhere in the world, either for jewellery or as an industrial input, affects the price of gold. The increase in the price of gold is directly proportional to the demand for gold and consumer goods. A crucial factor determining this demand-supply, is the production of gold.
Ahead of US CPI data, Gold is stuck on a key daily resistance
based on the current All Time High.
Depending on the reaction of the price to the news, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above the resistance of the range on a daily,
a bullish continuation will be anticipated at least to 2550 level.
Bearish Scenario...
I see a nice buying opportunity on Silver.
The test of a key intraday/daily structure support triggered a strong bullish reaction.
A double bottom was formed, and we see a bullish movement above the neckline
this morning.
I think that the price will keep growing at least to 28.61
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Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452...
Three weeks ago (August 26, see chart below) we called that it was 'time to turn bearish short-term' on Gold (XAUUSD) as the price was approaching the top of its 3-month Channel Up:
Today we realize why as the price has turned sideways and can potentially one Bearish Leg to test the 1D MA50 (blue trend-line), which last time signaled the pattern's bottom...
Last weekly bar of the month of August in Gold is Inside bar. Range confined within the range of the previously weekly bar. First weekly bar of the month of September is Insurance bar, broker below the Inside bar low which confirmed further weakness ahead. selling zone for gold is 2517-26. stop loss above the previous two weekly bars high i.e. 2534. Target: 2465...
The release of the today's fundamentals is favorable for bulls in the Gold market.
The price is now testing the resistance cluster based on the current All Time High.
As always, our strategy is to wait for is bullish breakout.
A daily candle close above that will confirm a violation.
A bullish movement to 2550 will be expected then.
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Gold prices dipped into the $2,500 zone on Friday after the US Department of Commerce revealed that inflation remains subdued. The Personal Consumption Expenditures (PCE) Price Index held steady at 2.5% year-over-year in July, falling short of market expectations. This aligns with the Fed’s potential move to ease monetary policy in September, though the size of...
Continued correction from the level. Time to sell from the level.
The gold market is currently characterized by high volatility and uncertainty. Gold is trading at levels that can serve as both support and resistance, depending on macroeconomic factors such as inflation, interest rates and global economic instability. Investors will turn to gold as a safe haven...
I see a perfect horizontal range on Gold on an hourly time frame.
After a test of its support, a tiny cup and handle pattern was formed.
Bullish breakout of its neckline gives a perfect bullish confirmation.
We can expect growth to 2506 now.
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Detailed technical analysis for Gold.
Multiple time frame analysis.
Price action analysis.
Important key levels.
Potential scenarios.
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It has been almost 2 months since our long-term buy signal on Gold (XAUUSD) where within the overall Channel Up, we called for the start of the new Bullish Leg (July 08, see chart below):
It is time to update this as the price is getting closer to our 2600 Target. A weekly pull-back within the Bullish Leg is to be expected and then final run to 2600 (could...
Gold 4 hours is a multiple top structure. You can continue to short gold when it rebounds. As long as gold does not break the historical high, the bullish trend of gold will not continue. If it fluctuates repeatedly at high levels, you can go short repeatedly. If gold breaks the historical high, you can follow the trend and go long.
Gold rebounded to around...
I see clear signs of a bullish accumulation on Gold again.
As previously, the price sets higher lows, setting equal highs.
Looks like the market is preparing for a breakout attempt of the underlined red resistance.
IF the price breaks and closes above that, it will be a strong bullish signal.
A bullish continuation will be expected at least to 2540 level...
