Gold gained traction and climbed to a daily high of $1825 but failed to preserve its bullish momentum. Broad based USD strength continues to limit XAUUSD upside. The horizontal range seems to have formed between $1790 (100-day SMA) and $1825 (200-day SMA). Gold price may move towards horizontal support at $1802.50 in line with 38.2% Fibonacci retracement and 100%...
Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Gold may have another drop to the 1770-85 range before...
The chart shows how I've traded gold the last two days. New long trade has just alerted. Entry details are shown on the chart. We are working the 15M time frame on this trade. We're only looking for the green line which is take profit target. Trade history can be seen below this trade idea too for full transparency. As you will see from the chart, two long...
Hello traders, Gold in 1 hour time frame. In the previous analysis, I said that gold is a zigzag if it forms a wave of 5 waves, and if it is 3 waves, we should consider it as a flat. The situation that is now in place can not be said that wave a is over or we are in wave b. If the price can cross the Fibonacci level of 0.618 (1820), wave b is forming and is the...
Reason: 1. Break of Structure 2. Mitigated 30min bullish OB Watch out other blue zones, the lower price moves the better risk rewards ratio we get.
Gold rallied from the 1-week low yesterday. It opened at 1810, and it has started to slide after it touched the early high near 1815 in the Asian session. The price hit day-low 1795 at the US session opening and rebounded quickly back to day high. The market ended near 1812, up slightly by USD 2. The price movement was in line with our expectations yesterday....
On Friday we saw price breaking out of the ascending trendline followed by a nice retest. Then we had a downside impulse that confirmed the reversal. Right now, we expect this downside move to continue. First target will be $1793 and if we see a breakout there we could see even lower values. Make sure to watch out for our analysis so you can see how it...
Hi, There is an indication of Elliott Waves Theory on the downtrend of GOLD. USD seems to be fueled by the sentiment of The Fed's thought about interest rate hike. It is also supported by the recent economic reports such as the increase of inflation and retail sales report of the US. If the GOLD is now on the third Elliot wave, we perhaps can hop for a long...
A few hours after the analysis from yesterday gold was already $20 lower. Today we expect another downside move! Yesterday we saw an upside impulse from the $1800 level, which is more likely only a correction and we expect that move to end around $1820. If we get reversal candles with long wicks from there, the that's the perfect short opportunity. We will be...
Dear traders , If you have followed my earlier calls ,,( refer to earlier chart on gold on my feed ) you would have made a decent profit for the first call. Second call i admit you would have been stopped out but hey there is a first for everything. It was my first successful analysis here on trading view and I was happy indeed that i was able to share the...
after break an uptrend the charts been follow for a while, i expect a retest and then a bearish market on gold. keep yourself update on the forex news for better precision to your own trades
xau/usd possibly reaching 1835? Analysis: 5 minute chart: bull flags at 1805.50, 1811.05 and 1812.80, im in on the third one.
Yesterday Gold fell under 1800 and reached my mentioned potential support zone. From there, bulls quickly took control and the price reversed leaving a nice Pin Bar visible on the daily chart. At this moment Gold is in no men's land with resistance at 1820 zone and support on yesterday's low. Considering yesterday's reversal, my bias is slightly bullish, but I'm...
Hey, get your head out the gutter haha. Again we have had a push down to and bounce off 1800 now i can only see upside moves! 1800 is a discounted price in the current economic situation and i will be adding buys as price breaks through resistance levels. Im off out to buy my wife some gin ;p