Gold, Intraday -36 Min - Indicators with Fibs Overlay: Yes I'm bearish but there was some bullish price action at the end of the day. Notice that dip into lows . . . and then the subsequent rebound on the 36 minute chart that set the stage for a nice rally at the end of the day. . . That is an issue that we will need to work through in the early part of the week....
as it goes,,,,,,, before the fall we must climb. I am under the impression I am seeing some bullish activity.
Reaching the not fully mitigated FVG. looking for short term drop. #TAYOR
OANDA:XAUUSD Gold has retraced 61.8% from the recent low, and indicators show that gold is overbought and a new peak has formed. During the retracement, gold moved almost in one steep impulse, which usually couldn't be sustained for long and followed by an abrupt decline. All this presents a good opportunity to sell gold with targets around the major demand zone.
As discussed throughout my yesterday's session commentary: "My position: I have guessed NFP outcome nicely (downside surprise) however I was on sidelines throughout the session. I am contemplating Selling the market within #2,321.80 - #2,331.80 zone towards #2,300.80 benchmark. I have Sold Gold with #2,322.80 entry point (optimal Target remains #2,300.80...
The XAU/USD (gold/US dollar) pair is exhibiting a descending triangle pattern, indicating a bearish bias in its price movement. This pattern is characterized by a series of lower highs and a horizontal support level, suggesting potential downward pressure on the exchange rate. Furthermore, the crossover of the Exponential Moving Averages (EMAs) 200 and 50...
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2265.765 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
hello guys... as you can see the descending channel formed and the flip area is in front of the price! the price touched the middle line of the channel as well! I believe you can enter the position after retracement! the target could be 2226$! the flip area is a great area for getting long positions too! ___________________________ ✓✓✓ always do your...
Introduction - I am setting up for 16-20 hours per day continuous gold forecasting. I MAY have the demand to start this now, I am not totally sure. I'll find out in a day or two. Let me be clear, if there was ever a time to trade gold, THIS IS OBVIOUSLY THAT TIME. Details - In chart above, this is a slightly modified route vs most recent route from DRAFT...
End of day update from us here at KOG: An extremely decent week so far with the FOMC play moving nearly pip to pip on the illustration. We've completed two gold targets below timely exiting with price giving us a tap and bounce from support leading us up to where we are now. For now, would look for support to hold up price and attempt to target the resistance...
In early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week...
"long on gold bull run trendline bounce heading for supply,
Gold can start down trend to accomulat liquidity of down for start next rally. I think to btc bullrun on 2024 if happening it then btc going to 102k $ then gold must down and correct it to 1200$ likely.
Non-agricultural data and unemployment rate data are bullish for gold. Gold rushed directly from the 2300 line to the 2320 line, and then began to fall back. There is also short-term support near 2300 below. However, although the data rebounded and then stepped back, the rebound space and data fermentation in the future market cannot be ruled out. We are waiting...
After falling, it forms a short-term bottom, buy, tp2321
**XAU:** The forecast is for the price to fall to the zone between 2179 and 2161.
Here is my expectation for the GOLD to move long in the following days. Keep track of the break out for the triangle formation and then enter the trade with considering the risk and watch the trade to play out perfectly. Always manage your risk and aim to protect your initial invested funds then targeting the profits.
Today, the overall gold market is in a volatile market. Gold fell and touched near 2310 multiple times before rebounding. It touched near 2323 again and then fell back again. Gold is currently trading near 2313. Today we successfully captured the profit from gold's rebound in trading. We went long gold in the 2314-2312 area and successfully hit TP: 2322....