XAUUSD UPDATE Gold has broken Ascending Channel in Downside , Now waiting for Buy Setup
Gold failed to close above 2400 and creat a new Break of structure( Higher high). A change of character at 2354 that Is a counted for by a fair value gap( imbalance/ inefficiency). This structure has an order block associated with at 2400 and 2386(our entry point) however we should consider the weak high as well as swing high from the previous day, week and...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold is trading near a very strong demand area If price declines on the demand zone We could expect a bullish move which Could retest or break our current major high A bullish harmonic pattern can also be additional Confirmation for my bias...
Historically, Gold has always reacted to the parallel channel, for more than 50 years. I think we have seen the ATH (2430) for at least the next 2/3 years, and big bears 🐻 will soon step in to dominate. First target: bottom of the channel (2138). TP2: 1960 TP3: 1620
XAUUSD price is near the support zone 2340 and 2326. If the price cannot break through the 2326 level, it is expected that in the short term there is a chance to rebound. Consider buying a red zone.
XAUUUSD fomed Symmetrical Triangle, will it reach towards its target? Both sides Entry, Stop Loss & Take Profit are mentioned.
XAUUSD has two strong scenarios: Scenario A - Gold will continue to rise to the 2500 zone. Scenario B - The trend of gold will change to bearish and will fall to the 2146 zone. It means that we have a good risk:reward ratio for a sellers.
📈https://www.tradingview.com/chart/oCgvA4B9/ 🔠🅰️🔠🔠🔠🔠 Price is testing local lows and forming an entry into the risk zone. Possible shakeout before the subsequent fall. Last week a major player was collecting liquidity at the expense of buyers, this can be seen in the long tails of daily candles, volumes and trading relative to the 2400 zone. At the moment we...
Gold fail to break the 2400 to the top. Indicate a lack of interest of buyer. Second reason is the heat from Middle East War has cooled down. Making Gold start to correct after a strong increasing.
After five straight weeks the price of gold continues to move to higher grounds. Certainly, the major contributor to such a development is the newly emerged geopolitical situation in the Middle East, which is fuelling investors with unrest. As the situation is slowly calming down, the price of gold is easing its push to the upside. During the previous week,...
OANDA:XAUUSD is testing the support level of 2350, where we had a sharp bullish move. The gold is still ranging after it made a new high within the last two weeks of highs and lows. It might continue ranging between 2350 and 2400 price levels. I expect a retest of the recent resistance zone if the 4H candle closes above the 2350 support zone, showing a...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move up. ❤️ Please, support our work with like & comment! ❤️
If there was a chance for #Spx to make a stand versus #Gold, it would be right now! If it doesn't, then gold would be looking to lock in a higher high & possibly locking a cycle low.
Looking at the trend in the 1-hour time frame, global gold has broken the bottom support of the triangle pattern in the range of 2371-2382 and now seems to be targeting the previous floor support in the range of $2324.
Elie Strategy Market Structure was obtained in the Weekly, Daily, and 4 Hour Time Frames. Transitional switch was found in the 1 minute. Transitional switch was found in the 3 minute. Transitional switch was found in the 5 minute. Executed short on the 5 minute time frame.
Hello,Friends! GOLD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2394.469 level. ✅LIKE AND COMMENT MY IDEAS✅
Good day traders! Last week, intraweek highs was liquidated/manipulated and our most premium supply level mitigated It seems though as price has reversed to the downside since (short-term basis). Could $2300 be our next stop? - Being it is our next medium term institutional demand level , with adequate sell side liquidity resting above to magnetize prices...