XAUUSD
Gold Spot / U.S. Dollar
Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Projected short position from 1706 to projected take profit @ 1666.
Looking for $1860 to hold before we bounce up to ultimately break this downtrend channel.
GOLD at daily time frame going to short after clear breakdown ascending trenline, potensial target for swing 1681
Beautiful cup and handle formed on the weekly and confluence onto the monthly tf as well.
Gold is now getting very close to a major support level (3.5% ish away from the bottom of the fib channel). However, I believe today’s drop is down to a combination of Comex contracts expiring (usual end of month sell off), but aggravated somewhat by the fact that bond yields have taken folks off guard recently. Giving a decent sell gold buy dollar opportunity....
Gold Looking very good Potential BUY for Gold Bullish BIAS
Price action looking to complete the right hand shoulder pattern. If we do complete this and not breakdown further, we are going back to the 2020 ATH and on target for a run to $2500 - $2900.
Evening traders , I am a really really new trader so all my thoughts are most likely incorrect, however I have a prediction gold its finally on its long awaited waterfall. It will fall to the 1700s before shooting up like a rocket. Please be sure to comment as I done this more to discuss what everyone thoughts are. short term ideas feb11-1825-29...
as we know in weakly time frame it touch already support, but if we see small time frame maybe it will go down little bit to make double bottom in small time frame, before it will go up, or it will go down break the support, or it will touch stoploss and will go up, but i think i will put short for scalping until the support line, its just my opinion, good luck
Just a few little extras on the chart to make the ideas clearer e.g. The Elliot Waves
Hello and welcome back traders🙂. Gold is currently trading in a ascending wedge pattern. A good entry point on a short term short trade would be the 1687.46 resistance line. This is because it also coincides with the descending wedge pattern mentioned earlier. Please be advised that this is a riskier set up due to the potential chance that gold...