Silver buying Zone is 23.600 - 24.300
XAUUSD BUY ENTRY:1845.00 TP:1970.00 STOPLOSS:1795.00 Long term trade, will most likely take 3-4 weeks to reach TP.
BULLISH OUTLOOK As stated in the last update, there was a bull flag forming on D1 Chart, a breakout of the bull flag to the upside would indicate price is likely to go up towards 1900 and above. Gold has broken out and reached 1875 and is now consolidating. Taking into considertion areas of liquidity (Sell side in RED flags, Buy side Liquidity in BLUE Flags)...
GOLD TRADE IDEA ENTRY:1830.00 TP: 1935.00 STOP LOSS: 1780.00 Check related idea As analysed on the previous Idea Gold is still bullish however was expecting a further push down before price attempts to go back up. 1803.00 area was tested and quickly rejected. As stated on the previous idea, we needed a candle body close below 1815 or a bounce off this zone ....
GOLD price is at a critical point. Price can retrace from here. If we remain above 1815 area and do not get a D1 candle body close below 1815 its likely for price to bounce off this support zone. If we get a candle body close below 1815 we are likely to test 1790 zone. Overall outlook is still bullish however short term there is a possibility for a further push down.
ENTRY: 1837.00 TAKE PROFIT: 1905.00 STOP LOSS: 1810.00
Gold price at optimal buy zone after a massive retracement. Note Gold can drop further to test 1820 even 1800 however I belive its at a good zone to buy.
Gold has finally broken out of the bull flag. In the short term we could gat a bounce of 1960-1980 zone. Possible retracement to 1900 - 1920 area before continuing up. Price needs to sustain above 1900 for the bullish outlook to stay intact.
Gold has been rangebound, however i still belive its an uptrend as long as the price remains above 21EMA.
Gold has not yet broken out, Still good price to buy below 1865. Inverse head and shoulders in formation.
Gold has now started the Christmas Rally. Higher highs and higher lows are now being created. 1865 and below are good entries for a buy trageting 1950 and above.
If you missed the recent movement up on Gold, it will be best to wait for a retrecement to around 1872. Gold Christams Rally is underway.
Expecting Gold to start a seasonal Bullish Christmas Rally and price can reach 2100 by end of Jan 2021. If we get a retracement this will be the last buying opportunity.
Possible retracement on Gold early on in the week. 1790-1815 is a good zone for buy entries.
Silver needs to hold above 22.300 for the uptraend to continue, dropping and closing below 22.300 will open up 19.600 for a test.
Gold is setting up for a bullish Christmas Rally. 1750 is still possible, as long as price holds above 1750 we should see a turn and start of the bullish Chrastams Rally.