Short Meltdown Incoming!!! Entry positioned in London High, which turns out to be NY session Fibonacci point, also alligns with classic Fib retracement Golden zone. Stop loss above daily high. Profit target from 2020s and lower. From my fundamental part of analysis, my take is that Fed won't cut the rates and that press conference as Fed statement might be very...
In my commentary from yesterday, I mentioned that as long as the price remains above the 2015 support zone, bulls hold the upper hand, and OANDA:XAUUSD could rise, potentially breaking above the 2040 resistance level. Indeed, this occurred. However, strong volatility ensued following the break, and buyers were unable to maintain the price above this level. Gold...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Corrective Waves " ABC " and Impulsive Waves " 12 ". Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line and Fibonacci Level - 78.60%. Completed the Break of Structure and Retracement and Demand Zone
Overnight, gold had a sturdy boom to 204x after which reduced to 203x >At this margin, I assume Gold can nevertheless boom strongly again >Everyone these days Can Buy Gold round 2026>2030 SL 2024 TP 2038>204x We advise that each one buyers arrive earlier than 8pm tonight. Currently, the fashion is at the Buyer`s side, so I will now no longer can help you...
Gold appears to exhibit a bearish sentiment as it adheres to an ascending channel. Traders should monitor the potential breakout below the ascending trendline for confirmation of a downward move. Exercise caution and consider setting stop-loss levels to manage risk effectively in this evolving market scenario.
Now we have a great rejection after filling FVG at 2047 Potential HnS in development after retest of the resistance created at 2039-2040
GOLD has been consolidating for about 2 months within a specific range of about $2000-2075 The month is about to END and we'll see GOLD breaking it's resistance and cross $2050 with great volume next month. Probably NFP and FOMC will be a great factor and pushing GOLD upwards. I'm strongly bullish on GOLD on Higher time frame. Also remember when GOLD goes up ew...
Spot gold maintained a strong intraday trend, with gold prices currently around $2023 per ounce, and further escalation of the geopolitical situation in the East supported gold prices. U.S. economic data will be relatively light on Monday, so geopolitical developments and positioning ahead of the Fed's interest rate decision may affect gold price trends. Gold...
Hello Friends, I'm back with another gold analysis. Market is trapped between level 30 and 24 and is oscillating in 70 pips range. Above 30 we have level 37 then above it 47, in case market were to go down demand levels would be 16-12 and level 2008. *Note that level 37 was tested yesterday and it would be second time being tested if price gets there. Today's...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " and " AB " Corrective Waves. Consolidation Phase in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Completed the Break of Structure and Retracement. CHoCH and Divergence
Gold is on killing spree towards sell since January 8 as almost 5 attempts t0 break $2038 - $2042 cluster on resistances AS now we have 2 options for todays session. 1- if the $2042 break properly then next targets will be $2052,$2060. 2- if again it retraced back as clearly in D1 timeframe next bearish cycle remains valid and our targets will be $1982 for...
Gold Change the Trend | H1 Time Frame - This Analysis is based on Educational Purposes its not about sell and buy - XAUUSD changes the trend currently at point 2037.00 - We expected to move on upward side bulls have more power - Personally never seen the third time rejection on 2037-2038 point although finally its break the resistance .. - Let the show begin we...
H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish and trading sideways in a large internal range. Price is currently reacting to 50% EQ of the swing...
I'm back and I wanna be top creator on here again for XAUUSD expect frequent chart updates on here that I am posting to my peers. Lets smash 2024 together.
Before any serious GOLD buy or sell, I think the yellow metal price must break out of the current 100 pips ranging zone (2027-2038). Here again, the Fundamentals for Tuesday (Jolt Job Openings and CB Consumer Confidence) will be key. Currently the market is neither a bearish nor bullish. It is a stalemate market, I think.
This will be third time and a hattrick for me should price go up to the 3rd rejection block marked and drop quickly from there again. Let's see what happens after the employment news.
With all the hostilities going on in the world, I believe that gold can achieve new highs in the long run. My objective for gold in the medium term uptrend is 2040.
Overall Possible Outcome XAUUUSD SELL @ 2030.5 SL 2036 TP 1 2024 TP 2 2017