Recently, gold nearly touched the 2000 USD price tag. However, it failed to move substantially higher because profit-taking quickly ensued as the general stock market started to fall. Nevertheless, we continue to be bullish on gold in the medium-term and long-term. But we are growing increasingly nervous due to the intense persistence of selling pressure in major...
Hi, we close all sell trades with great profit, now I see gold can start making pullback. i see good buy opportunity aiming "A" Wave. Trade well, Alex
Do you remember my last forecast in Gold? We have not reached red square yet, so it is great time to make next move.
Yesterday gold made high near 2009 but was not able to close above 2k level in 4 hours chart. For now the volume is stable and gold is moving in lower channel. Today is Friday and we can expect high volatility. I suggest to go long with small stop loss near 1980. We expect gold to close above 2k and test the resistance 2020. My trading plan BUY 1980-1985 SL 1968...
Yesterday gold closed with red in daily chart. This is happening everytime when there is a life time high volume in one day. However gold just tested the 50% Fib level and is healthy retracement for further bullish trend. The war is still going and hence we may expect the trend to change only when war stops. For the trend to reverse gold has to fall below 1880....
Yesterday also news were negative for gold. But this only made gold to test its support near 1925. Yesterday gold tried to fill the liquidity gap above 1935 and is currently at 1940. Now the next liquidity gap is between 1945-1950. We can also see the control price today is 1945 which is the upper limit of lower value zone. So gold will need good volume to break...
Gold has continued bouncing within it's huge triangle on the Daily, a massive range of consolidation featuring a perfect series of Higher Lows and Lower Highs. The further we get into the peak of this triangle the more explosive I expect the breakout to be. My last idea was to short the top of this range, and price did bounce down and continue the formation,...
For the bulls, this is a precious metal trading with GBP, We have an overview of gold now while we waiting for the Retail Price Index (RPI), Claimant Count Change news, Flash Services PMI. I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results, 553,412 M £ as 3Q 2021 546,556 M £ as 2Q...
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Internal Trend) We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use...
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of...
This is my new analysis about gold ! A swan (the white harmonic pattern) can be on board with this chart and then I go long for following targets
On 3rd January 2022 gold dropped to 1798.380 USD which coincides with price retracement towards its 20-day SMA. Price halted its decline slightly above this technical indicator and then reversed back up. In our view this is very bullish and odds for a bullish breakout above the neutral zone (between 1750 USD and 1835 USD) are increasingly growing. We still remain...
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 2 Uptrend in green color (Internal Uptrend and Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of...
Heres a detailed technical analysis on my view for XAUUSD (Gold) for Sunday/Monday October 5th/6th onwards. I am very technically oriented in my trading and trust my own analysis. This coming week will either be extremely volatile or slow as we come towards the year end. I am excited to see how covid will play on Gold and the USD Index and will keep in mind its...
GOLD reached towards daily, weekly demand zone, with positive COT report with net longs depicts the accumulation zone ready to blow up. Viewing technically on LTF(4 hr) a bullish MACD & RSI divergence supports the view with a falling wedge formation. Key levels mentioned on chart. Trade with caution and trailing stop loss.
After identifying strong structure on the 1 hour & 4 hour charts and seeing rejections in those timeframes I decided that a possible scalp for longs would suffice as todays news was also quite neutral and did not have a large impact on gold. With the green line representing 1-4 hour support levels, I identified key rejections on the 15 & 30 minute charts and...