This is not the first time we chart these Cycles on Gold (XAUUSD), as we did our latest study on September 27 (see chart below) and we were quick to catch the break-out sell on the 1W MA50 (blue trend-line) towards the 1W MA200 (orange trend-line): This time though, we add the Channel element as well as the unique US10Y/DXY ratio and the mix proves to be...
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend! If you are confused about trading, please join me, I believe you will have a great harvest!
Gold is now maintaining its bottom and oscillating sideways. The decline has temporarily come to an end. If it is no longer weak, it will become stronger! Moreover, the release of the big non-agricultural data in the U.S. is expected to lead to a skyrocketing rebound! The US market continues to be bullish relying on the support of 1815! Plan your trade, trade...
Let's think beyond technical analysis and consider what Gold is likely to do. We all see it's at a support level, and we're expecting a correction after a 1000 pip drop. In the long term, it's in a descending channel, and to reach the channel's resistance, it needs to rise to 1880, which is 600 pips away. So, two questions arise: Is it that simple for Gold to...
After the break under 1915 important confluence support that I've spoken about, XauUsd dropped like a stone, with a drop counting 1000 pips. Although most of us expected some correction after, Gold started to consolidate instead and bulls were unable to elevate the price to confirm the last broken support level at 1855 (at least so far) The price action from...
OANDA:XAUUSD Hey there dear attendants It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies Lets see what happened and break the leg 😍 Hope to benefit for all So excited 😝 looking forward from hearing from you Wish the best is not financial advice
The downward trend of gold has not changed, and operations continue to be bearish at high altitudes! The rebound is still a short-selling opportunity! The US market position of 1824 continues to be empty, and the target position of 1800 below remains unchanged! Gold continues to fall. Although there is a rebound during the decline, the strength of the rebound...
XAUUSD D1 We have sold off an absolute monstrous 1250 points in total from 1940 down to 1815, actively 1150 points as we have bounced somewhat 100. Support price of $1805 would be the lowest price gold has trading during the whole of 2023. We have have a huge bearish selloff without any relief rally. A bounce from support price of $1805 could be amazing...
On last week's Gold (XAUUSD) analysis we called it was time to finally break below the 1W MA50 (chart below) and it did in spectacular fashion, already hitting the 1850 target: The price now almost hit the 1W MA200 (red trend-line) and being near the bottom (Lower Lows trend-line) of the 5-month Channel Down, the conditions for a short-term (at least) rebound...
As explained in my Sunday video, Gold is extremely bearish and the price could fall to 1805-1810 support. Indeed, XAU/USD started the month and the week on a bearish note and is currently trading 300 pips lower compared to Friday's closing price. Looking at the posted chart we can see that this is already the 7Th red day (not closed yet) and after the break under...
As you know, I was bearish Gold since Tuesday and argued that, if XauUsd breaks under 1915 zone support, we could assist a 500 pips drop. The "major target for bears" was hit yesterday and now we may wonder what's next. Technically, the structure is strongly bearish, however, considering the magnitude of the recent drop, a correction to the upside is probable....
As we expected, we shorted to 1885 in the last period and made a profit. My next suggestion is to go long. Gold has fallen to its lowest point in the short term and may have entered a rebound period. XAUUSD Buy 1885 TP 1895 SL 1880 Good luck and happy trading.
#XAUUSD On September 1st, encountered a formidable resistance barrier at 1950 and subsequently began its descent toward the established support level at 1885. Interestingly, the downward trajectory was interrupted as gold found a reversal point around the 1900 mark. Currently, the precious metal is in the process of retesting the 1944 resistance level. Should...
Gold (XAUUSD) is about to test the 1W MA50 (blue trend-line) for the first time since the week of December 26 2022. Last time it was nearly hit (February 20 - 27 2023) it supported the pull-back emphatically, and initiated a strong rebound. Almost 5 months ago (May 4), when everyone in the market was jubilant about Gold's new All Time High, we warned the...
Hello Everyone. I want share my idea about gold price action which will be signal for next week. I know market is closing but i love look at market when its quiet and we had all strong and real moves. I add some indicator which show me price momentum, today in Asia session started with long which actually tested strong daily resistance (which was broke but...
Gold (XAUUSD) is trading around the 1D MA50 (blue trend-line) after a Lower Highs trend-line at the top of 2-month Triangle. The MACD on the 1D time-frame has formed a Bullish Cross and as the green Ichimoku Cloud turned green, it waves a buy signal. Every time the Ichimoku turned green since July, Gold flashed a buy signal. As a result we expect one more rise...
The day the interest rate information was announced, it increased to the 1946 - 1948 Sellzone, but there was not enough liquidity to overcome it. Immediately after that, it was returned by a very strong SELL amount There are no signs of a reversal to a downtrend. Still following the downtrend from the peak of 2067. Even though there was a break (fake break at FOMC...
Hey Everyone, Our chart idea has played out to perfection. We completed all our Bullish targets followed with the move down into the retracement range. We then stated the levels are re- activated, as price is back in the range and expected a bounce from the retracement range into the next Goldturn, which was highlighted by an arrow on the chart. - This also...