Excellent confirmation of our short-term buy trade as, following the lower than expected U.S. CPI, Gold skyrocketed above the 4H MA50 (1,788.91) broke above the 1,808 (August 10th and Dec 5th Highs) Resistance and made a Higher High on the Rising Wedge pattern (started on November 15th) at 1,824.50. With 4H but mostly 1D technicals still bullish (RSI = 63.776,...
According to the previous idea, After the price reached 138.2% of a, The price makes a reversal pattern on TF4H (plus MACD doing bullish divergence in TF1H), So I decide to enter the 1st Buy position. (For now moving SL in front of EP, Risk = 0), To enter the 2nd position, Waiting for the price action around the end of wave b (Continue pattern, plus bullish...
After the gold price doesn't make a new low and does some correction, I think it may be making a FLAT correction and we're at the beginning of wave "C", If the price doesn't go below 1617, or the analysis will be wrong, must be something else. To enter the Long or Buy position, wait for the price breaking 1670, which will be a safety position (Price Action is the...
I am looking to sell on gold below 1695. possible retest and continuation to the downside. created major reversal from the high and broke below previous resistance turn support.
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Gold has broke the key support. There´s no buyers at these levels. If the weekly candle closes below this key level , we expect the price to retest previous support and get rejected which would be a confirmation that this level is acting now as a strong resistance. Target: $1500 Enter the trade only if the weekly candle closes below the key support (now...
Gold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY...
XAUUSD - Intraday - We look to Sell at 1737.82 (stop at 1750.19) The medium term bias remains bearish. A higher correction is expected. Resistance is located at 1740.00 and should cap gains to this area. Preferred trade is to sell into rallies. Our profit targets will be 1710.37 and 1700.00 Resistance: 1740.00 / 1800.00 / 1880.00 Support: 1710.00 /...
Gold - Intraday - We look to Sell at 1764.39 (stop at 1775.06) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Horizontal resistance is seen at 1765.00. We look to sell rallies. Our profit targets will be 1735.55 and 1730.00 Resistance: 1765.00 / 1820.00 / 1980.00 Support: 1735.00 / 1700.00 / 1600.00 Risk...
Based on some news on the upcoming probable war, Gold will absolutely see a good jump to the moon! Stay tuned for more updates...
I saw a long-term trading idea on Gold Spot. I'm talking about 900-1000 pips. Enjoy :)
I am selling off gold at the premium area along those dealing range. Noted on yesterday FVG formed within the confinement of a supply zone. Hence increases the odds. Imbalance towards the sell side. Targeting the sell side liquidity at yesterday new low. NOted FOMC later might get it there quicker so need to ensure the price enters into that zone or FVG either...
VAH VAL form zones POC is not a good place to enter for entering see the confirmation
🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish The latest inflation rate reaffirms global inflation rate & amid heightened escalations between Russia & the West. Putin stated that talks with Ukraine are at dead-end following latter deviation from agreements reached in Turkey TECHNICAL BIAS: Bullish
This is an update to the First Post I made on Gold's Bearish Alt-bat last year just to let you know that it is still in play and that it has just come back up to tap the PCZ a Second Time and this time on Greater Volume this looks like it could be the end and where Gold begins a Presumably Years Long retrace back to the zone between $1,129 and $718.80 If you want...
Gold ( OANDA:XAUUSD ) is forming an immature cup and handle on the monthly with a price target of $2600. On the weekly, we see it has broken above this triangle as you see in the chart below. That move is not confirmed yet either, but if next week, gold trades above this week's close, then we set a price target of $2060 and set a stop loss below the recent...
Looks like Gold is getting very Bullish now! I pulled out to take profits but will be jumping back in.
Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (XAUUSD 1W Chart) - Mid-Long-Term Perspective The Bollinger Bands are converging on the 1781.646-1827.800 section. Accordingly, if there is movement outside the 1781.646-1827.800 interval, the...