I am waiting for XAUUSD long entry. The chart shows that gold is currently in a corrective move. My technical interpretation is that this corrective movement is slowly coming to an end. I expect this to end at the 1851 usd level. You can see a white square in the analysis. The height of this square is W1ATR this means that gold moves a maximum of this much in 1...
XAUUSD before an exponential rise. My analysis is intended for longer-term investors. I use a 3M timeframe. My aim is to draw attention to the fact that the gold movement has started its exponential rise. 3 analysis strategies are shown in the figure. What they have in common is that they are ATR based. 1. Green squares : I start from the ATR based rule that the...
1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1762.55 is broken.
A trough is formed in daily chart at 1756. 05 on 04/29/2021, so more gains to resistance(s) 1959.30, 2000.00, 2075. 05 and more heights is expected.
This is a daily timeframe analysis and is my long-term prediction for GOLD. Currently sitting at a key zone to determine price movement direction after breaking out of my trend zone on the daily time frame instead of hitting the top acting as resistance and pulling back down. After the breakout, we've had a little consolidation period over the last day or two...
I can see gold following through from my idea in April.
As there keeps being news on the USD strenghtening and weakening will determine where gold goes next.
strenght of the USD may see gold to continue following through the trend and fall.
A weakening USD may see gold go back up to the current resistance causing a break in the trend.
Personally I have entered...
It hit the 1M OTE - expect reaction
That reaction was double bottom on the 1D
Also broke a bull flag and another descending consolidation trendline
Measure move target hit nicely
And the 1D supply gave bearish reaction as expected
Now trying to find where to rebuy
Few ideas - claim of the 1M bowl kneckline as the 1M chart is very much a bowl and handle (handle is...
XAUUSD long opportunity into 1830. We can see that New York session drove price below Asia & London low's, which is a common manipulation pattern. Then price got brought back above the Asia and London low's and is now re-testing it as a support!