Hey team Hope you are Enjoying our ideas and Analysis, Today we are Monitoring XAUUSD Looking for a Buy limit Opportunity Around 2375
Gold is Trending in an Uptrend Along the Rising Support line so we are Bullish baisesd We willbe Expecting A further move up ....👍🔥
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
On April 19th there was a bullish ChoCh, and there's a pullback to 2372. Assuming it will continue to be bullish, the first target is 2397 then continue the pullback to the 2387 area to continue the bullish movement.
#dyor
If you are holding shorts positions on gold, these levels could be potential target levels. I also suggest keeping stop loss dynamic and close the deal with loss if we get a candle close above the red line.
And if you are holding long position for a target price higher than the last high, 2477-2487 could be your potential target
wanted to share inner count only way i can get this to fit. And would give a target of 2700 for now. Certainly the 2500 many targetting at 1.618 isnt going to happen. Given inner count
Bullish count. possible ascending diagonal wave 4 shallow 24% retrace a break out would give targets of 2676 and 2825 extension 1.618 of wave 1. Wave 5 of wave 5 target would be 2800 and 3031 2936 been 1.618 of wave 1 and 3. Invalidation level 2120.
with the lranian on israel this night gold may open with A gap up
before the market closed the price already reached a significant intraday demand zone besed
on a suppotr line of an expanding wedge pattern and a horizontal support.
the closest resistance can be 2395.
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As Gold has reached its all time high, and still in Bullish trend. We are likely to see it more bullish.
Buying Scenario:
1- As Weekly candle Closed bullish breaking Resistance.
2- Impulse Buying can be expected above 2400 closing.
Selling Scenario:
1-In Smaller TF, Rejecting from the 2395.
2- Fib Retracement from previous Swing low, Sell Side Liquidity, and...
Gold is well overbought on the weekly timeframe and is overdue for a correction in price. The metal's price displayed 4 separate attempts this past week to push above the previous week's high and failed each time. This is reason to believe that the top is in, for now at least.
2150 area would be a good place for price to retrace, then the biased outlook would be...
H4 & H1 TF:
- Analysis only, Not a Signal
H4 Timeframe(TF) Shows that the market is Still Overall Bullish, therefore we're still expecting an uptrend in the near future.
Legend:
• White Drawings (H4 TF)
• Blue Drawings (H1 TF)
Since the H4 zone (the Top Box) was rejected yesterday on H1 TF, we might expect a rejection towards the bottom H4 Box (Bottom Box)...
If you see the current super cycle for Gold and draw directional support and resistant lines as shown here, it is clear Gold is its way to over $3000. But in this report lets talk about how it could go to $2700 within next few months.
When considering the potential for gold to reach $2700 in the coming months, various perspectives within the stock market...
Hello,Traders!
GOLD is trading in an uptrend
Along the rising support line
So we are bullish biased
And we will be expecting
A further move up
Buy!
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On the 15-minute time frame, this will be my analysis of gold's behavior on Monday. As you can see, the downtrend was broken, the price pulled back and the triangle returned. Now is the time for the price to go up to 2423.
Analysis Gold using SNR ORIGINAL chart pattern, Take ur own risk while trading. Im not going to provide SL, i only can give direction. So please properly manage ur SL based on capital to avoid losses. Btw, Happy weekend and have a nice day ahead
- Everything is in graph.
- maybe Gold will start a new rise after BTC Halving.
" In a bearish market, investors typically prefer to buy gold, and at times of high inflation and market volatility, gold is considered by many as a 'safe haven' asset. "
- This was the definition of a safe heaven i found in Google, but this have no more sense in 2022..
- if you...
The XAUUSD pair, which represents the price of gold in relation to the US dollar, shows a trend highly influenced by current geopolitical conflicts. A simple view of XAUUSD movement where the pair has to seek liquidity to follow the trend.
Commenting on this and giving me your opinion would be very helpful.
