Stand by for BUY signal on Gold 1.790/1800 is an important area of support/resistance. 1) A breach and close above this level, will resume the trend line and climb to 1830/40. 2) if the price can't break the 1790/1800 barrier the trend will most likely change and retreat to 1700 levels 3) Right now, price is underpinned by 1790 support baseline and 50 EMA. And...
hi! I see gold could make OMH (One More High) to 1842 area before major pullback. this setup provides good R:R too! trade well, Alex
This Weekly Chart shows that the value of gold compared with the $USD is now rising since July 18th. If over the short term XAUUSD is dropping on a weekly basis it is rising. This analysis suggests that no matter bearish in the short term, gold is bullish and potentially a long hard bull run is now underway. See also my idea regarding a cup and handle...
OANDA:XAUUSD The 15N chart shows spot gold in a downtrend in the London market. It will soon hit sell orders accelerating the downtrend into the buy order zones. I believe that it will reverse and trend upward to the overhead sell orders which are at 1798 for one percent of upside. This is my idea for a day trade of XAUUSD on the forex market first the...
Relative to our shared long trade idea in an hourly timeframe, a bigger Daily Timeframe Elliot wave Analysis looks like been cooking for its next big move which will be the impulsive wave (iii) and its gonna be a hell of a ride when this analysis will be validated. Entry recommendation will only executed when the descending channel will be tested and broken to...
1- Market Overview: As it is clear from the screenshot above the market is moving upward where the price managed to break a series of highs month after month. The rally started in December 2021 and then a huge drop was left on March 22nd to the 1900 USD mark. From this zone, Gold failed to break the previous high around the 2000 USD mark and posted a lower high...
LONG XAUUSD @ 1900 TP @ 1974 - 2000 SL @ 1864 We have seen Gold consolidating around the 1890 - 1900 mark. There is significant support at the 1890 lvl, and as long as we trade above that, I remain bullish on gold. Especially in the current environment, gold has proven its safe haven status. I will load up on another clip at 1890 if we test there. Looking for...
Major pennant formation on found best on 4H Time frame Fakeout happened think we will see 1960 Min Shortly. Also we have had zero retracment since sell off... As always manage risk Set stops set takes Happy Trading
lets see if gold can broke that triangle with some bat pattern, fake brake out or a nice one, we will see if this SH@# do sometrhing good..
Since 5th of June to today - ascending tunnel formation built out of higher highs and higher lows creating the shape of a tunnel going up. The range to sustain the pattern is 1789 - 1825. A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support. A break above 1825 with a 4h close, will allow for target of...
The GC 4 hour time frame is in an up channel The market is near the bottom of the channel showing signs of pushing towards the top of the channel. Entry: Counter trend line break bullish near the bottom of the channel. As long as the market stays above the bottom of the channel it will be a good idea to turn to the five minute time frame and to look for tunnel...
Yesterday we mentioned a high probability for a new leg up for Gold. In yesterday's session, bulls defended very well the 1920 level and now we can consider a higher low in place. Our target for this leg up remains the 1960 resistance zone...then to 3,000
hi goodmorning this candle's close is very important we should wait buy my idea is bullish
This image show the daily time frame but if you look at the 4hr. you would see that price respected this level of resistance. -Price also formed a double top, which is a bearish candlestick pattern. -the two statements of above illustrates 2 confirmations that price is ready to make a bearish move. -I am expecting price to sell off creating a pullback. -I think...
The title pretty much says it all, I'm looking for further rejection off 1790 for a move back to 1820. If price doesn't support the currently level we will see price most like back down at 1764.
CONFLUENCES: - Rejection of 51 EMA - Rejection of upward trend line - Rejection of 78% fib - Rejection of 1800 support level