The channel between $1,820 and $1,780 last month reveals there's uncertainty about the fundamentals around the Gold. As the new year begins, there is a tendency to be some level of fear in the market as portfolio managers and traders will not want to be in a real risk-on position, especially in a week that is laced with key macroeconomic events. From a long-term...
Gold (XAUUSD) is about to form a Golden Cross on the 1D time-frame (around next week), which is the bullish pattern when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). The price has been trading within a Channel Up pattern, while at the same time the 1D RSI has been within a Channel Down. This is a technical Bearish Divergence. A...
Gold (XAUUSD) gave us another excellent buy entry on our most recent analysis last week (December 28) as we caught the exact low entry on the 4H MA50 (red tredn-line) and hit our 1830 target: The price made a Higher High at the top of the Channel Up (green) that started after the November 15 High, exactly at 1850. The Double Sell signal was triggered not...
HELLO everyone and welcome back, Happy new year!!! This is my first trading idea for the year. am expect xauusd to continue to rally up towards 1833 before we can consider any form of shorting it. from the reaction we get at the next resistance which is 1833 will determine if the bulls will continue or not. my bias on XAUUSD for now remains neutral till price...
This is a follow-up video to my previous analysis on the XAUUSD where we closed the week with over 4,000 pips in profit (see link below for reference purposes). Gold prices fell further away from the key level at $1,800 last week as concerns over rising interest rates and a potential recession in 2023 saw investors pivot into the dollar and Treasury yields....
Gold likely to retest 1821-30s if the head and and shoulder pattern on smaller time is not broken. But dollar still incharge in higher time frame outlook. A move to 1799.74 will be a nice buy for intraday trade with target to 1816 1821 1830s. Above 1830 we start looking for a selling opportunity. Good luck with that Don't forget to drop ur opinion
Since November 15 there hasn't been a more accurate pattern on Gold (XAUUSD) offering solid buy and sell levels: As you see, the price made two excellent technical rebounds on the bottom of the Channel Up since our last analysis and yesterday made a new Higher High. The 4H RSI Triangle pattern did its job well again and at the moment, the price marginally...
XAUUSD ( Gold / U.S Dollar ) Completed Correction " ABC " and Elliot Triple Wave Combo " xyz " After a Consolidation Phase it is Making its Correction will Reject from the Fibonacci Level ( 61.80% - 78.60% ) Short Buy and Long Selling Opportunity Rising Wedge as a Corrective Pattern in Short Time Frame #STF
This is a follow-up video to my previous analysis on Gold where we were able to close the week with over 4,000pips in profit (see the link below for reference purposes). Despite a sharp bullish run at the beginning of last week, the price of Gold settled below the $1,800 mark, finishing with a 0.9% growth in value. In addition to the renewed hawkish tone of the...
#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA...
XAU-USD broke the rising support line So we are locally bearish biased And so after the pullback and retest Further move down is expected
Gold (XAUUSD) is rising today supported by the 1D MA200 (orange trend-line). The pattern is so far a Rising Wedge since the November 15 High and the next Higher High limit is currently at 1835. At the same time, the 1D RSI has been within a Falling Wedge, indicating a Bearish Divergence. Though this is not a long-term sell signal, it certainly shows the potential...
Gold intraday trading alerts 3 steps must fullfil before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you at home📉 Trading alerts always available to give Good luck traders....
XAUUSD, Expecting Down before 1810, setting target 1840-1845, above 1810 this analysis is invalid.
As I said in my last week's analysis, in my opinion, Gold topped, and with the recent break under the rising wedge's support, we also have confirmation for this. Friday, XauUsd came to test this break, and at the time of writing the price is exactly in the old's support zone. Considering the recent bull's incapacity to hold the price above 1800 I expect a drop to...
Technical Reason For XAUUSD Bullish 1. We can clearly See Formation of Ascending Triangle Pattern in 1D candle and it makes the breakout there 2. We have confirmed the breakout Over 1810 due to Huge demand in W PATTERN formation 3. We can see formation of BULLISH REVERSAL PATTERN dur to fomation of strong bear candle which indicates the end of short sell trend...
Gold seems firm on its resolve to hold to a $1,800 price despite some sideways movement after a 4,000pips move to the downside at the beginning of last week's trading. Price is currently back at the critical level around the $1,800 area sending mixed signals across the market and from a technical standpoint, the tendency of both a bullish and bearish expectation...