After confirming 1790 as strong support and consolidating in 1800 zone for several days bulls took control and now Gold is trading close to 1835 newly formed resistance.
I believe we will have a break and swing traders can target 1920 resistance
I m looking to buy dips
XAUUSD is coming off a strong bearish move, creating higher highs with nice bullish momentum moves. While viewing the chart I was able to identify a bullish flag pattern, confirming the trend to the upside.
Since the beginning of the month, Gold has had quite a run with the price gaining around 700 pips.
At this point, it looks like bulls are losing power and at least a correction could happen if the price reaches 1840-1850 zone.
However, the uptrend is still intact and short term speculators can still buy dips as long as the price is above 1815-1817
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Three days ago, after the strong reversal from close to resistance and the Evening Star candles formation, I've become bearish Gold.
However, the Pin Bar from 1795 support made me sit on the bench yesterday.
At this moment, a new Pin Bar and a strong reversal from above 1820 resistance made me a bear again.
From a technical point of view, is very probable to have...
Yesterday Gold fell under 1800 and reached my mentioned potential support zone.
From there, bulls quickly took control and the price reversed leaving a nice Pin Bar visible on the daily chart.
At this moment Gold is in no men's land with resistance at 1820 zone and support on yesterday's low.
Considering yesterday's reversal, my bias is slightly bullish, but I'm...
Hello Traders.
Here is THE XAUUSD UPDATE YOUVE BEEN WAITING FOR!
Here is my 2 Previous Analysis on GOLD -
23th January 2021
15th June 202
THE BIG QUESTION...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
As I said last weeks since March 21...after 4 months in which all my analyzes about GOLD were almost perfect ... this time I will look for my final target ... 1920!
if this target is exceeded even for 1 day ... then I will go further towards 1957!
THIS WEEEK...after 4 months in which all my analyzes about GOLD were almost perfect, GOLD arrived in the 1920 area as...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
In my Friday analysis, I said that Gold is approaching strong resistance and sell zone.
And indeed, the price has started to fall and XauUsd finished the week with a Doji candle (indecision)
At this point, Gold is sitting on short-term support and, in my opinion. rallies should be sold
1820 offers resistance now and bears could target 1790 important support for...
In my Gold analysis yesterday, I mentioned that breaking the 1815 level will lead to more uptrend.
Although I considered that scenario less likely, US Dollar weakness across the board has led to a
breakout in XAUUSD.
Either way, the next key level is now at 1860 and with the current momentum, it seems quite possible
that Gold bulls will take the price to 1860 by...
Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
ORIGINAL LONG POSITION:
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
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