Pattern: Bullish Megaphone on 4H.
Signal: Buy as the price rebounded after breaking just below the 4H MA50 (blue trend-line), in similar way as the August - September Bullish Megaphone. We are now on the second red arrow leg.
Target: 1810 and 1820 in extension (symmetrical levels from...
Time Frame: 4H
If the price movement is not affected by any uncertain fundamental impetus, the price of gold is supposed to hold the old pattern that we have projected here with colored candles.
The Nonfarm Payrolls (much) better than expected numbers delivered a major blow to Gold last Friday, which was extended today into one of the most violent daily sessions of the past 2 years (along with August 12 2020 and March 16 2020), that reached the March 2021 lows, which currently acts as the Support Zone. In fact the 1675.50 - 1670 Support Zone has been...
This is a follow up to my most recent Gold analysis:
The Inverse Head and Shoulders pattern worked perfectly and the price easily broke above the 4H MA200 (orange trend-line). As it got rejected on the psychological 1800 level, the potential of a Channel Up emerges,...
Pattern: Inverse Head and Shoulders on 4H.
Signal: Buy as the pattern alone is a bullish reversal formation, while the 4H MA50 (blue trend-line) is holding as Support.
Target: The 4H MA200 (short-term) and the 1834.50 Resistance (long-term) as the technical target on Inverse Head and Shoulders is the same length as the Head from the...
I expect gold to recover to the $ 1795 level within 2 days. A little later I will look for a place to buy. At the moment, gold is under pressure due to rising bond yields. The situation should change soon. I will write in social networks about the opening of the position as I see the right moment.
This is scalp trading
According to our previous analysis we shown on chart that we were in upward trend , and in the past trading week the price suddenly fall down and the trend was changed to downward and we need some rest and pullback to back the price up and in this buy zone area we can take signal and buy until the target but we...
Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September.
This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the...
As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal:
Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange...
Over 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week...
XAUUSD - After impulsively moving up yesterday and breaking through an important zone of 1780, Gold is currently consolidating and we are expecting a retest of the zone where the confluence of an ascending trendline is also present.
Keeping things simple is the key to profits in Forex. Good luck!
Hello every body
From the last week when news was reported we had tolarance in price
And from last week the trend changed to upward and now in here there is a support zone with nice R/r for take long position until the target reach
We are in support zone , the triangle is ready to break , it is upward trend , we have 2-3 hammers and ...
Because of this reason...
There are already 5 trading days since Gold is trading in a tight range with clear support around 1750 and resistance in 1765 zone.
Considering the Pin Bar reversal on the weekly chart (last week) the odds are in bulls favour and a sustained break above 1765 would expose 1780 zone resistance.
This scenario is valid as long as the price stays above support.
Yesterday's sharp drop on Gold was fueled by the much better than expected Retail Sales, that pushed the USD higher and XAUUSD lower.
It may have taken many of us by surprise but from a technical perspective it has created a well know bullish reversal pattern, the Inverse Head and Shoulders (IH&S). As you see the 1W MA100 has also come to rescue (red trend-line),...
Currently, the price action showing a potential rising wedge on the H4 time-frame.
- If the price rejects and stays below the upper rising wedge line, I reckon XAU will fall to the bottom rising wedge line. If the price can break and close below the bottom rising wedge line, XAU will definitely fall to all the targets this month.
Time Frame: 4H
Signal Analysis: The price is still in an uncertain zone and the entry should be taken carefully. If the price reaches the nearest support level of 1750.635 ,then we can expect a long move upto 1783.650 as a correction move and fibonacci retracement.