The XAU/USD chart is forming a parallel channel and making new higher highs and higher lows according to Dow Theory and pattern analysis. On a higher time frame, the structure of GOLD is bullish. However, on a lower time frame, we can expect a slight downside move to sweep out liquidity before the upside rally begins. Fundamentally, the outlook for gold is bullish.
Here on Gold price has break the resistance zone after the initial liquidity grap and has moved away from our Take profit 1 and return back so it posible to move more to reach a Take profit 2 . So going for LONG is needed and targeting profits should be the area make zone and stoploss should be around 2362.000 . Money management is neccssary
Yesterday, I and everyone made a summary of our transactions in the past three months. In the past three months of transactions, although we sometimes suffered losses, overall, we achieved pretty good results.We made a profit of $170K. Although this number is not huge, I am still quite satisfied. Affected by the geopolitical situation, gold has so far reached...
In the past two days, I have been reminding everyone to do long gold in batches in the 1820-1815 area. Currently, gold has rebounded to around 1825. The long gold position we currently hold still has good profits. And I believe that gold is currently basically at the bottom of this round, so we can still be confident and bold in going long gold in the 1820-1815...
Hello traders, what do you think about Gold? on a weekly timeframe market is bearish due to ADP report which is(better data than forecast) due to which market move this much on a daily and 4h timeframe market is at very strong support (demand zone) we can see some decent retracement before the NFP As far as i think and dissect NFP data will much better...
I think the Gold is at resistance and buyers should take control now I am in :) this is not any financial advice trade at your own risk