It looks like the price will drop at the current resistance (area 2739), but the previous price trend seems to be accumulating, which will likely result in a small upward price manipulation. The probable sell zone would be at the upper level (area 2385-2387).
XAUUSD presents a compelling long opportunity, supported by confluence at key levels and oversold conditions. Geopolitical tensions and inflation worries add bullish tailwinds. Entry near support, stop-loss strategy, and target levels outlined. Exercise caution, manage risk diligently. #XAUUSD #TradingView #TechnicalAnalysis
gold today for selling my trade risk short stop i think its good
Preferred direction: BUY Comment: After a quiet week in the metals market, the coming week is likely to be very volatile. In addition to the technical accumulation in the triangle format, we have a lot of economic data and events that will happen this week. The most likely scenario №1 will involve a breakout trade at the level of 2340 . Scenario №2 ...
At the present, XAUUSD is trading at 2338. The market sentiment appears to be cautiously optimistic as the price is approaching the resistance level at 2330, indicating a potential bullish momentum if this level is breached decisively. Resistance Levels: 2353: If XAUUSD manages to surpass the resistance at 2353, it could signal a significant upward movement. This...
Gold (XAUUSD) is back below key support at 2,319 after failing to close above 2,350, which would have confirmed the resumption of an uptrend. If Gold breaks below 2,291, it is likely to face a sell-off down to between 2,260 and 2,255, and possibly even lower to around 2,207, which is the 0.786 retracement of the leg up since March. The strength indicator RSI has...
Hello traders. I wanted to post a chart before I crashed for the night. So, for me, this 4 hour chart says alot. It is early in the trading week, and gold is carving out its paths in both directions. For now I am waiting for a break out of the current range marked on thhe chart. Lower time frame confirmation is always a must as well as other conditions to be...
Gold formed a decent rally after consolidating above the 2023 high. We finally saw a retracement following its failure to close above $2400, but momentum is now trying to turn higher once more. We're not yet sure whether any potential bounce is simply the 'b' wave on a ABC correction (if so, it implies another leg lower after a bounce) or if the correction has...
Judging from the current trend, today's upper pressure will focus on the 2326 line, which opened last Friday's non-agricultural opening. Counterattacks during the day will rely on this position to continue to be bearish and the downward trend will fall. The short-term support below will focus on around 2280-2285. The short-term watershed between long and short...
We will be closing week 3 of April 2024 and still in manipulation phase. In prediction. Week 4 will be catch a retracement. APRIL 2024 -Week 1 -starting with trend -Week 2 - True open of the April -Week 3 - Price above True Open which indicate Open High Low Close -Week 4 - In progress (LOW CLOSE IN PREDICTION)
Falling wedge pattern and price action suggest price consolidation, LH and LL with downtrend approaching demand zone. Watching RSI, MACD, will give additional confluence of bias.
XAUUSD last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is forming around 2285, and if it is not broken, the correction will extend to 2222 (2195). The signal to the continuation of the fall will be the fixing of the price below 2285. But, with active participation of...
Good is showing a week bullish RSI however every thing else is indicating another dip Hapy trading
H4 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line. ...
All my gold signals in April were profitable, and more trading signals will be provided next, with an accuracy of 90%
Xau can enterance in correction level and move to TP1 AND TP2
Considering the behavior of gold, it is expected to decline at least to the specified level.