Hello my friends,
I am spending this Sunday for some analysis on XAUUSD. Gold moved with a crazy 2500 pips rally from the beginning of July until August 1st week.
Friday candle close finally showing sign of exhaustion of XAUUSD because it closed with a bearish engulfing candle along with a bearish divergence on the Daily timeframe.
I am taking a deeper look into...
US-CHINA trade tension and Trump's tariff on Canadian aluminum industry, helping safe-haven to rise. Gold already broke historical high. Even USD in pressure against all the major currencies. SO, fundamentally Gold is in buy position there is no doubt here. But, all the technical indicators and tools are suggesting Gold are in an overbought condition.
We need to...
Everyone want to know what GOLD is doing?
As after the COVID-19 GOLD is starting its bullish moves after every correction. WELL, geopolitical tensions, stumbled economic recovery and fears about the second wave of COVID-19 are the factors behind the recent growth of fold prices. Most likely, they wo;; continue to dominate the market sentiments and support the...
If it breaks the 0.886 fibo level, that is, 2088 and opens 1 candle on it, the target will be 2132, but we can see the correction movement from the box I checked, then the target will be 2027,
You can examine how important the breakdown is from my previous analysis, so follow it carefully, I will update according to price movements, please stay tuned
After reaching the 1944 -1922 range, the target will be 1992, and if it breaks, the new target will be 2030.
If 1992 is broken before coming to 1944, the target will be 2030, follow the region marked with yellow box very carefully.
I update my analysis for you all the time, I would be happy if it helps
Please like the idea for Support & you can share your ideas...
As you can examine in a previous analysis, when the first trendline broke, I said the target would be 1982 and the target was hit right !! Now second trendline is broken and target will be 2005-2030 range.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section .. !!
Thanks for Your Love & Support .. !!
Uptrend is started as you can see from my last idea , now time to get in train at right station so i m waiting for support trendline then my target will be 1790 . You can check targets on idea
Please do like and comments for supporting , Good Lucks all
Let's draw the scenario of correction with the opening of the monthly candle
If the region I marked in red is broken, the target will be 1881
If the correction is done in the region I marked with the green box, the target would be 2030
It is necessary to enter the process by looking at which box the correction will correspond to. The trend line separating the...
The first trendline; Breaking by moving average indicator, now its target is the 2nd trendline (1982 = fibo 0.618level) and if it breaks there , the new target will be 2030 USD
I will update under the analysis when the next break occurs, stay on track
Please support by liking and i wonder your ideas please send them as a comment under the idea
XAUUSD bounced off 2062.43 where it could potentially rise further to 2092.19.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
I expect it to start rising from the support zone that I have marked and my target will be the 1810-1814 range.
Please let's not miss the likes and I would appreciate if you post your ideas as comments.
Gold is going up without breathing and now we will see whether it is going to return from the 0.618 fibo level, or the 1.414 fibo level.
If we see 3 candle openings above the area I marked with the yellow box, then our goal would be 1923 if the yellow box was not broken, this time the target would be 1860.
I will open sales at 0.618-0.786 fibo levels and close...
In my previous Gold ideas, I mentioned that Gold will break out of the ascending triangle pattern and reach 2025 and I advised you to buy the dips(idea links attached below).
As you can see, price broke out of the ascending triangle and easily reached the...
Gold looks like it will continue the bullish trajectory. But, for confirmation, wait for the resistance level to break.
But, if the support line breaks, then Gold price will drop to 1900 level.
I have denoted the two scenarios with appropriate arrows.
Gold has created an ascending triangle pattern in the hourly chart, which is a Bullish Pattern.
The overall market structure is Bullish which means that the uptrend is likely to continue.
A strong break of the minor Resistance at 1780 will accelerate the uptrend towards 2000 and 2025.
The rectangle I have highlighted in my chart can be a possible Buy entry....
Elliot wave count on Gold on the 1 hour time-frame still tells us there is more room to the upside.
If you want updates on Gold analysis, Kindly follow and like.
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