XAUUSD (GOLD) | Forecast of movement in beginning year 2022
Hello guys,
First of all, HAPPY NEW YEAR 2022.
Time passes so quickly. Many things happen in 2021, and the world still got an impact on corona virus, and this influences all of us a lot. But I have confidence, at a time in this year, this corona effect will decrease and then the world can adapt to it and move on. And regarding this, I am still thinking gold is under a transition phase from bullish to bearish like what happened in August 2011- March 2013.
Gold now is ranging between 1680.30-1876.4. And it can last for months. In another word, gold will come to bearish but not fast as you can think. It takes time. And in the period of a range-bound market of gold, if we do not act carefully, we won't have any advantage of it at all.
In my warm regards as a start of our journey in 2022, I made a forecast based on the Ichimoku concept. You must remember that this is not my advice to you do that and this. All of this is my interpretation when reading a chart, so, I do not take any responsibility for people's actions regarding their thoughts when reading my writings.
Okay, let's start.
Scenario 1: Gold will go to 1680.3 around 21 February 2022. After that, it will rebound around that support 1680.3 and test 1876.4 around 25 April 2022. This scenario makes sense to me since the gold as I said still under a range-bound market. And though gold now seems bullish in the intraday chart, it will test major resistance around 1831, and sellers can attack around this number and drop gold down again.
Scenario 2: Gold will try to move up and breakout resistance 1876.4. But then after it rises up for a while, it will come back again to the new support 1876.4 around 21 February 2022. In this scenario, I am talking about how gold will undergo a bullish trend. And this also makes sense for me, because I see a changing movement in H4 below now. Gold breakout 1813.8 and still showing impulsive movements till the end of last week. And this impulsive move can continue later. And develop to another bullish trend later.
Overall, whatever scenario happen in market, as traders we should prepare ourselves. So, good luck in your journey in 2022, the year of dream and vision.
First of all, HAPPY NEW YEAR 2022.
Time passes so quickly. Many things happen in 2021, and the world still got an impact on corona virus, and this influences all of us a lot. But I have confidence, at a time in this year, this corona effect will decrease and then the world can adapt to it and move on. And regarding this, I am still thinking gold is under a transition phase from bullish to bearish like what happened in August 2011- March 2013.
Gold now is ranging between 1680.30-1876.4. And it can last for months. In another word, gold will come to bearish but not fast as you can think. It takes time. And in the period of a range-bound market of gold, if we do not act carefully, we won't have any advantage of it at all.
In my warm regards as a start of our journey in 2022, I made a forecast based on the Ichimoku concept. You must remember that this is not my advice to you do that and this. All of this is my interpretation when reading a chart, so, I do not take any responsibility for people's actions regarding their thoughts when reading my writings.
Okay, let's start.
Scenario 1: Gold will go to 1680.3 around 21 February 2022. After that, it will rebound around that support 1680.3 and test 1876.4 around 25 April 2022. This scenario makes sense to me since the gold as I said still under a range-bound market. And though gold now seems bullish in the intraday chart, it will test major resistance around 1831, and sellers can attack around this number and drop gold down again.
Scenario 2: Gold will try to move up and breakout resistance 1876.4. But then after it rises up for a while, it will come back again to the new support 1876.4 around 21 February 2022. In this scenario, I am talking about how gold will undergo a bullish trend. And this also makes sense for me, because I see a changing movement in H4 below now. Gold breakout 1813.8 and still showing impulsive movements till the end of last week. And this impulsive move can continue later. And develop to another bullish trend later.
Overall, whatever scenario happen in market, as traders we should prepare ourselves. So, good luck in your journey in 2022, the year of dream and vision.