Gold (XAUUSD) largely confirmed our sell signal below the 4H MA50 (blue trend-line) on our last week analysis: 1620 was hit and the price bottomed on Lower Lows while the 4H RSI was on Higher Lows, with this Bullish Divergence signaling the most optimal buy entry. As you see, the same Bullish Divergence was formed on September 28, with Gold rebounding...
Xauusd currently trading 1670, the current resistance is 1670 if price continue to trade below this resistance and on this supply zone i will be going short once price pull up to 1663 to 1669 . but once the 1670 resistance breaks I will be looking forward for price to pull up further upward to 1680 before drooping back down to retest the broken resistance ...
All attempts to upload a video on the XAUUSD failed as it keeps prompting network issues. So for the XAUUSD video kindly visit my youtub channel for details. Please note that I will be dropping updates on this analysis in the comment section of this broadcast in the new week. Cheers! This is a follow-up video to my previous analysis where we closed the week with...
🔹FX SIGNAL GOLD BUY 1624.55 SL 1607.00 TP 1664.50 Swing Trade Not Recommend For SMALL Traders Below 1,000$ Reason For GOLD buy Look over the link of related idea below
XAUUSD has been ranging very close to 1640 support level, and if u look closely o the 1hr time frame you can see the chart forming a reversal partner which clearly showing a potential move to the upside. I will be waiting for price to touch 1645 or very close to that before going long... expect price to hit 1680 . another important price point to look out for...
Quick update on the current price on XAUUSD. after the drop earlier am expecting price to retrace abit towards the upside beforer dropping down further... expecting price to pull up to 1659 at this price point is best for a high probability sell set up. once the current support @ 1640 breaks, I will be looking to add more sell positions as marked in my chart.
Gold (XAUUSD) has been trading within a Channel Down since October 10 when it broke below its 4H MA50 (blue trend-line) and today it got rejected on its top (Lower Highs trend-line) and the 4H MA100 (green trend-line). Even though this is a technical sell entry, we should be mindful of the 4H RSI which has been on a Channel Up since also Oct 10, meaning that...
In anticipation of the NFP result on Friday, Gold plunged to about 50% retracement of the bullish momentum that started the week but still posted a second straight weekly gain as price action evolved into a reversal pattern just around the bearish trend line identified on the daily time frame. The current structure screams a possible downtrend continuation but I...
In my yesterday's commentary I said that "bears have won the battle" and, after yesterday's price action, this seems pretty clear. The intraday correction was met with strong selling in important 1680 resistance and the price dropped quickly in support giving us clues that the pressure remains on the downside. Technically, as said, the 1680 zone offers resistance...
Gold (XAUUSD) closed last week above the 1W MA200 (orange trend-line) but so far it started this week with a heavy drop back below it. This analysis shows a potential long-term Channel Down pattern on the 1W time-frame, which can extend the rebound that started two weeks ago after the price nearly touched the bottom (Lower Lows trend-line) of the...
Gold ::: is falling in the orange channel and the green channel is also broken. Please note that the top of the green channel and the bottom of the orange channel both show the same range. It is likely that the price will have an upward trend and then return to the specified range.
On the 4 hours frame the Gold OANDA:XAUUSD is showing weakness which may lead to breaking the $1705 support level OANDA:XAUUSD to make the OANDA:XAUUSD heading south to the levels of $1684 as the first target also the indicators signal the weakness on the intraday frames which support the idea, this scenario can be changed if the prices went up to break the...
Last week (September 28) we posted our usual 1D Gold (XAUUSD) analysis, calling for a buy after the metal completed a -10.60% drop from its previous Channel Down High: As you see the price action validated that projection and Gold finally hit yesterday the 1D MA50 (blue trend-line), which was our immediate target. That was the first time this MA level got hit...
According to my previous analysis, I had predicted that the price might break the range, and move bullish. It broke on the lower side, and it acted like a bear trap/liquidation trap. I am now entering the trade at @1650, my target is 1710 with the stop loss @ 1630. R: R is 1:3
Gold (XAUUSD) has turned sideways after breaking above the 4H MA50 (blue trend-line), always within the Bearish Megaphone pattern that started after the August 10 High. We have a potential Sell Signal emerging as the 4H MACD is close to forming a Bearish Cross. As this chart shows, every such Bearish Cross has been a Sell Opportunity since August at least. If you...
Gold plunges to a new two-year low below $1,640 during the course of last week's trading session to set the tone for the risk of further decline in price. As the Greenback continue to soar, I want to see how price action is going to relate to the current structure identified on the 4H timeframe before making an informed decision next week. Risk...
w; bearish trend line which got rejected from a very strong s/r daily; bearish, the price is being rejected from a s/r, zone which acts as a previous structure 4h; bearish and its ranging, still need it to break bellow the s/r the structure and bellow 50/20ema's then I can go to the 1h to look for an engulfing candle breaking below the structure and the zone...
Hello traders, gold rose from a historical support area as expected, and that area was our TP2 in the last analysis i published on gold. The important thing is that i think gold will now go down to 1643.X as a first target, if it breaks it, it will go to the last support area, which is 1616.X. I think it's time to sell. GOOD LUCK EVERYONE TRADE SAFE.