Gold has to break above $1485 in order to proceed higher. Catalysts could be the fed meeting today or the December 15th tariffs going into play. Either way we should see a strong rally following this breakout. Otherwise a breakdown would occur and I think this is less likely based on the buying action over the last couple of months and the increase in tensions...
Gold is showing a continued upward move started 2016
The price move move is accompanied by volume
Price traded volume confirms this on Monthly/Weekly
Daily - bullflag
This coming week am aexpecting gold to break out of the flag
Target immediate prior highs
Price has tested twice the support area of the consolidation zone forming a double-bottom
. There is a possibility of temporary retracement to suggested support line (1503.09). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
My expected gold move in the next few years. Gold will break higher and hit resistance near $1800/oz and then will fall lower. The fall lower will coincide with previous resistance become new support for the next leg higher all the way to $5000/oz - $8000/oz by 2030.
Here is have Gold on higher TF, yes this maybe a retest however I would need to see some evidance before my mind is swayed for a sell... Maybe some engulfing or PA will convince me to sell further
On the Buy side, it seems like we need a big push up to make this a bullish Gold week but anything can happen and here I have marked it up clear
Always wait for...
Here we have the possibility of price breaking 1480 and staying under...however its always good to consider a bounce from this area to wipe out the SL's or orders in this heavily popular area for Price action
If price breaks and stays under 1480 we could see it turn down to 1420 Zone....
Lets watch price see what it does dont forget its the end of the month and we...
Just an insight into lower TF, let price reach the levels you have set out and wait for price to react in the way you want or what your looking for, wicks essesially in this example and levels.
Pretty simple for in and out trades as it comes around quicker :P
Here I have Gold for the week ahead of the new month and heading into NFP week.
I'm expecting Gold to revisit the lower 1500 levels before a spring to the the highs of this range as Gold is still in a uptrend unless theres a break of the lower levels 1500's.
Lets see how price reacts after lows
Very important here to observe and not get FOMO on the higher tf of...
Hi Traders, apologies for similar analysis to my last Gold post, but you cannot undo a posting of analysis you have posted, and I uploaded the wrong image on Gold sells. (Although the principal is the same, this is a little clearer). Here is my view on Gold sells. This should be temporary, before we see the bulls takeover. 1700 long is one of my targets for Gold :)
Hi Traders, here is my analysis for a potential on a Gold sell before we get the bull run. My overall bull target still remains at 1700, but I feel we will get a push down first before the long.Do you agree?
Approaching a third touch confirmation on the larger bearish flag pattern on the weekly chart, but zooming in on the 4hr and 1hr we see consolidation on the top of the channel in the form of a bullish flag pattern giving confirmation of at least a double confirmation on the third touch before a short signalling a buy opportunity.
On the 1hr chart we can identify...