XAUUSD is printing a Symmetrical Triangle Pattern with no signs of divergence on the RSI. Breakout of the Triangle Pattern will result in a bullish shift.
A safe Entry is suggested on the previous Higher Low to avoid a false breakout, with stop loss on the previous low. TP levels are suggested with RRR of 1:1 and 1:2.
Happy Trading!
The focus of this week is the Federal Reserve's interest rate decision, and the market does not expect to raise interest rates this time. Judging from the current market trends, both gold and the US dollar have fallen into a correction stage after experiencing unilateral trends. This week's Federal Reserve decision will be an opportunity to start a new trend...
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bullish iBOS aligned with swing structure.
Following the bullish iBOS we expect price to pullback.
As per yesterday's Intraday expectation, price had yet to confirm pullback initiation. First indication, but not confirmation was for price to print bearish CHoCH (*correction*, in...
The resistance (now support area) i shared some days ago is working perfectly. I think the long setup is still in play, and i expect a continuation this week. I set my main and first target at $2370, invalidation below local bottom
The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce,
Next week will be an important test for gold. This level has become an important pivot point.
Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow...
Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or...
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428
Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline.
On the excessive timeframe, a fake breakdown of guide is...
Gold technical analysis
Daily resistance is 2361, support below is 2320
Four-hour resistance is 2361-69, square support is 2334-25
Gold operation suggestions:
Judging from the current trend, the short-term support below will focus on 2334-25, the important support will continue to focus on around 2319, and the pressure on the top will focus on the 2361-69 area....
Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
HELLO TRADERS
As you can see our previous analysis hit all given targets on #Gold and now after ATH it had done a nice retrace to 2300$ and now if we see the geopolitical issue around the world and US economy shirking down and down day by day Bricks and WW3 China trades and war seems not going to stop soon as we can US Gov Support and Funding all his allies and...
Weekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First...
Looking at the current GOLD trend which is increasingly showing a downward trend. Geopolitically, the Middle East is stable amid the issue of massive demonstrations on American college campuses, but this has not had a significant impact.
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We will continue to monitor market patterns and also the formation of price action on XAUUSD, considering that next week a lot...
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2351 resistance and 2333 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2351 to further open the range above or a rejection will follow to...
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2354 resistance and 2327 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2354 to further open the range above or a rejection will follow to...
Hey Everyone,
Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.
Last week we were seeing price test the updated Goldturn ascending channel top and stated that we were likely to witness either a break above the channel or some resistance and some correctional retracement for a level to...
Hey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
LAST UPDATE
Price has...
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GOLD long
! Great BUY opportunity GOLD / XAU
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
