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!❤️
Multiple time frame analysis for Gold. Key levels, price action. Trading plan. Potential scenarios. ❤️Please, support this video with like and comment!❤️
Gold is about to cross from a neutral technical 1D outlook (RSI = 45.543, MACD = -1.200, ADX = 26.629) to a bearish one as it got rejected on the 1D MA50, under which it will close for the third straight 1D candle. The 1D RSI suggests that this is a very slow medium term decline, as is evident by the 6 week Channel Down, that in the near term it will find a...
Here is my latest structure analysis for Gold. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures Horizontal Support 1: 2009 - 2014 area Horizontal Support 2: 2001 - 2006 area Horizontal Support 3: 1965 - 1977 area Horizontal Resistance 1: 2055 - 2065 area Horizontal Resistance 2: 2077 - 2088 area Consider these structures for...
Gold is neutral on the 1D technical outlook (RSI = 56.363, MACD = 190.210, ADX = 36.018) with a 4H RSI that turned overbought at 70.000 intraday. This just so happened to take place exactly at the LH trendline of the monthly Channel Down as long as daily closes under the R1 level (2,062.00), the medium term trend remains bearish. Two short entries are recommended...
We got 2 peculiar breakouts on Gold. As you know, the market was consolidating for roughly 1 week. Consolidating, the price formed a triangle and a horizontal range. We see a breakout of both the support of a triangle and the range. It confirms the local strength of the sellers. The price may drop to 2006 support. ❤️Please, support my work with like, thank you!❤️
Gold broke under the 1D MA50 for the first time since October 13th and turned bearish on the 1D technical outlook (RSI = 41.420, MACD = 1.310, ADX = 35.745). The pattern that has emerged is a Channel Down with the price near its LL bottom. Consequently we expect a short term rebound to retest the 4H MA50 and then a new bearish wave towards the S1 level (TP =...
Gold (XAUUSD) stopped its 10 day pullback yesterday on the 1D MA50, which is the level where the short term Channel Up priced the previous HL on December 13th. The 1D timeframe is technically neutral (RSI = 47.836, MACD = 6.750, ADX = 32.595). If the 1D MA50 is crossed though, the trend will turn bearish in a way comparable to the May 17th 2023 bearish crossing....
Here is my latest structure analysis and key levels for Gold. Horizontal Key Levels Support 1: 2015 - 2019 area Support 2: 1973 - 1979 area Support 3: 1931 - 1938 area Resistance 1: 2077 - 2088 area Resistance 2: 2143 - 2148 area Vertical Structures Vertical Support 1: Falling trend line Vertical Resistance 1: Falling trend line The market is currently...
Top-down analysis for Gold. Important key levels. Potential scenarios. Your trading plan explained. ❤️Please, support this video with like and comment!❤️
Gold has technically turned neutral on the 4H time-frame (RSI = 47.613, MACD = 2.720, ADX = 30.603) but remains bullish on 1D as it has started the bearish leg of the two month Channel Up. The 4H MA50 broke today for the first time since December 13th and that basically validates this short-term correction. Our target is the S1 level (TP = 2,016) which will make...
OANDA:XAUUSD XAUUSD (M15) appears to have a pattern of narrowing the fluctuation range. In this case, we can wait to buy when the price breaks out of the pattern and moves into a trending state. Specifically in this case: Buy Stop at 2065.2 Stop loss at 2063 Take profit at 2069 Sell Stop at 2063 Stop loss at 2065.2 Take profit at 2069 Remember to manage 2%...
Gold has formed a 4H MA50/100 Bullish Cross, extending the rise of the bullish wave inside the Channel Up pattern. Naturally, the 1D technical outlook has turned bullish (RSI = 61.138, MACD = 13.480, ADX = 42.704) and the price can test the dashed HH trendline on a +6.45% rise like the November 28th High, which was the top before the highly distorted ATH of...