Currently, gold is inside a descending channel, and we reached a strong support area on the four-hour time frame, as well as breaking a downward trend on the hourly time frame, and a disruption static indicator.
Gold Price Analysis: Testing Support Levels Amidst Consolidation and Breakout Attempts Technical analysis reveals a retracement in gold, testing key support zones and indicating a healthy consolidation phase before an expected continuation of the uptrend. Gold, FX Empire Gold Forecast Video for 19.06.23 by Bruce Powers Gold rises to a three-day high of 1,986...
As we see gold break the trendline If gold going upside Then he taking resistance at the trendline Then this is good tarde for down side
GOLD stabilizing prices above 1974 will support raising to touch 1980 and 1985 and 1990 if the price stable under 1974 then the movement will be between 1966 and 1961 support line : 1966 , 1961 ,1953 resistance line : 1980, 1985, 1990 timeframe:4H
XAUUSD H4 Not really confident jumping in anything ahead of US CPI, this event will be the event of the week and certainly set the tone for the USD going forward this week and likely the rest of the month. That being said, we have eyes on $1944/46/oz price. A key area of S/R and clear area of pivot. Lets see what unfolds.
XAUUSD H4 A bit of a change in trend following last weeks antics and cluster of USD based data towards the latter part of the week. Managed to hold north side of this $1900/oz. Since, we burst to $1922, before retesting this broken $1910/oz zone somewhat. This could be an attractive entry long towards $1940.
XAUUSD H8 Still waiting patiently for either shorts from around $1942.50/oz or longs from our preferred $1900/oz psychological support price.
Gold is trading at critical support 1960 and will drop to 1941 in short term. FOMC minutes eyed. Overall gold has been stuck in rectangular channel of 1940-1980. Investors are worried. NFP was positive while unemployment rate is higher that's why no clear decision yet. Wednesday is important for clear direction ⬇️⬆️ so be ready it will be giving a proper direction...
🥇XAUUSD 4 Our first swing entry from that $1940/oz was perfect. We saw a solid 200 pip rally up towards that $1960/oz price where we started to exhaust somewhat. We are now looking to see if we can catch that next bullish leg. No confirmation as of yet, but on the basis of the DXY performance, correlating XAUUSD with the likes of GBPUSD, we could expect...
Hello Traders! Gold is real money and will be here until the end of time. If you look at all the XAU/XXX pairs it has been outpacing all currencies year after year. Here we got a recent run with speed through a swing high. I measure the FVG and find the algorithmic levels price could come down and fill.
dear traders gold closed bullish and rejected previous daily ressistace follow the chart like i told you when to sell and when to buy trade safe
XAUAAUD - Bullish rising wedge. Rising wedges can be bearish or bullish. Likely, long term trend consolidation, prior to next bullish breakout.
XAUUSD Gold - Bullish Cup & Handle. Also, rising wedge pattern.
Cup and Handle formation on a daily timeframe Price is currently sitting just above the handle so I expect a small pullback and then price to continue upwards and trend along the line on the handle shown Cup and handle is a bullish pattern , but not the strongest, when compared to a falling wedge .
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Here is another potential trade idea on XAUAUD if we get a confirmation signal.
Gold is still rising. W1 timeframe also has closed above of last candle that means Next week we will look uptrend. But to gain power it should pullback to demand zone and will go on to increase. I showed to demand zones for you. We will wait pullback and take comfirmation on lower timeframe then we would trade. I think It will help to get some profits. GO ON TO...