Personal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer...
The price of gold should make a top wick towards the 2185 levels before moving down. Here is my quick scalp trade for the gold. After seeing 400 pips of profit move SL to break-even and close half of the trade. Let the rest run towards the TP.
Gold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high).
However, there are three points to note:
1/ the increasing force is showing signs of decreasing;
2/ Price has increased sharply for many days, creating heavy overbought signals;
3/Selling pressure is showing signs of...
The resistance level is now confirmed. After the retest towards that area, I will be entering a short position after seeing the top wick being formed at either 15m or 30 min time frame.
From the daily timeframe we see that price has been bullish for the past 2 weeks and has now found resistance at $2195-$2185. This area will push price down to the support level seen at $2170-$2160.
I have following reasons to XAUUSD sell setup.
- Channel Pattern Sell Condition: This means you noticed a pattern where the gold price moves up and down between two lines. If the price is at the top line, it might start to go down, so you think about selling.
- Fibonacci Retracement Level: This is a tool that helps predict where the price might stop going down...
Hello everyone, let's discuss and strategize for the new week!
Overall, in the past week, we have witnessed gold continuously outperforming, reaching new daily highs and reaching its all-time high near $2200. XAUUSD is currently trading at a new high of $2179 after hitting $2195, marking a 0.88% increase in a day. So, what are the reasons and factors that have...
XAUUSD
Pivot Point 2175
If the price is higher than the pivot, open long, TP1 at 2195, and TP2 at 2205, cut loss if the price is lower than the pivot.
If the price is lower than the pivot, open short, TP1 at 2154 and TP2 at 2133, cut loss if the price is higher than the pivot.
*** Please money management***
Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings,...
– Last Weekly candle closed extremely Bullish breaking above the all time high formed in December 2023. Friday Daily candle closed strong Bullish around 2179.300. I’ll be looking for potential Buys above 2185.800 targeting 30min Resistance around 2194.000 and Strong Key Level around 2200.000. I’ll be looking for potential Sells below 2170.800 targeting 1h previous...
Gold's weekly timeframe has been consolidating since last month and last week, it broke the consolidation but couldn't close below the range but closed back in the range, which is a fake-out. I Predict this fake-out will continue pushing the price up.
good evening gold gang! its that time again
wowwwww what an insane week last week .. i stopped analysing as it was trending so dang hard it was just buy every pull back lol
I wonder what we will get this week as dollar is still in freefall .. could we see higher pricing? i think we can
I wont be looking at any sell until the 2207 projected algo level. Then i...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
The market made over 10% in the last 3 weeks or so. Everybody expects that
OANDA:XAUUSD
will continue moving higher. It is possible that the price may retest the 2250 level. However, the current situation tells us the gold might pull back. On the daily timeframe, the market reached the massive channel border and made a fake breakout of it. Price action made...
Fundamentally: The OANDA:XAUUSD rate is influenced by a combination of U.S. economic indicators that show a strong economy, which typically strengthens the USD, potentially lowering gold prices. However, inflation concerns and any decreases in consumer confidence could elevate gold's appeal as a safe haven, raising the XAU/USD rate. While higher interest rates...
