Multiple time frame analysis for Gold. Forecast, technical outlook. Trading plan. Key levels. Price action. ❤️Please, support my work with like, thank you!❤️
Gold is neutral on its 1D technical outlook (RSI = 52.129, MACD = 17.800, ADX = 29.397) as since the April 30th Low it has been trading sideways in anticipation of the 1D MA50 test. The 1D RSI has been trading under its MA line for almost 1 month, which keeps the momentum bearish on the medium term, so we have to stay on this side of the trend. Our target is that...
I would say that the month of April was very weak for Gold. Even though the market updated the ATH and we saw quite a strong rally at the beginning of the month, bulls quite quickly lost the momentum. We can even conclude that the rally finally stopped and the market started to consolidate within a horizontal range. For the last 10 days we see a steady shift...
Here is my latest structure analysis and important key levels to trade on Gold next week. Resistance 1: 2354 - 2360 area Resistance 2: 2392 - 2432 area Support 1: 2215 -2264 area Support 2: 2194 - 2222 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hi, guys. Today, I'm going to show you a long-term perspective on gold Gold's recent retest of its long-term upward trendline (blue) presents a compelling opportunity for a bullish breakout and a potential surge towards $7,998 by 2040.
Gold is overbought on its 1D technical outlook (RSI = 75.650, MACD = 67.600, ADX = 69.434) and appears to be unphazed by the recent rejection at the top of the Channel Up that pulled back to the 4H MA50. This is basically a consolidation that can be evolved to a similar pattern with March's. It was the 4H MA100 that held it on an uptrend at the time and has been...
Gold is overbought on all long term timeframes, 1D (RSI = 79.774, MACD = 65.910, ADX = 64.635), 1W (RSI = 78.920, MACD = 78.590, ADX = 45.450) even on the 1M technical outlook (RSI = 72.546, MACD = 91.920, ADX = 43.804). This doesn't mean that a technical correction is bound to come soon but on the contrary that this is a very strong cyclical trend that is more...
Price action analysis for Gold. Potential scenarios and trading recommendations. Directional bias, important patterns, and thoughts after yesterday's CPI data/ ❤️Please, support this video with like and comment!❤️
Update for Gold intraday price action: I see a bullish triangle again - after some accumulation, the price violated its neckline and set a new higher high higher close. Bullish violation is one more important sign of strength of the buyers and may push the prices higher. ❤️Please, support my work with like, thank you!❤️
Many of you asked me to share the updated analysis for Gold. Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum: after a strong bullish impulse that the price formed last week, we see a contracting price action within a rising wedge pattern. The price managed to reach 2300 - an important psychological level. After its test, the...
Hi Traders Gold price is ready Gold currently experiencing worldwide Up trend has reached its highest price ever I predict that the market will bounce back From the resistance level move towards The nearby support level Gold buy from 2206 _2200 Target zone. 2250 if this post is useful for you You can support me with like And advice comments
Gold is vastly overbought on its 1D technical outlook (RSI = 80.447, MACD = 42.840, ADX = 50.847) and the reason is that since last month's (March) breakout and monthly closing above the 2020 Resistance, it started a new bullish hyper Cycle. It is overbought on the 1W RSI also (74.802) while the monthly (1M) is only a fraction away too (RSI = 69.871). This is a...
Gold has had a strong rally after holding the 1W MA50 on the week of February 12 2024 and remains almost overbought on its 1W technical outlook in the past three weeks (RSI = 68.498, MACD = 43.750, ADX = 37.013). The grand pattern on 1W has been a Channel Up dating back to late 2019. As shown on the chart, the last two HL were on the 1W MA50 and 1W MA200...
Here is my latest structure analysis for Gold. Resistance 1: 2182 - 2195 area Support 1: 2143 - 2148 area Support 2: 2077 - 2088 area Support 3: 2054 - 2065 area Support 4: 2035 - 2044 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Bullish rally on Gold in unstoppable. Here are the next important resistance to watch for a potential market reversal. Resistance 1: 2236 - 2267 area Resistance 2: 2295 - 2315 area Pay close attention to these structures next week. ❤️Please, support my work with like, thank you!❤️
Gold is vastly overbought on the 1D timeframe (RSI = 80.321, MACD = 21.500, ADX = 21.500) with the recent rally hitting the top of the HH trendline of candle bodies of the four month Channel Up. The 4H RSI is displaying a massively overbought sideways structure which since October has marked market tops. The corrections that followed these three peaks ranged from...
Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday.
Daily/4h time frames analysis on Gold. Price action. Important key levels. Trading plan. ❤️Please, support my work with like, thank you!❤️