XAUUSD, WEEKLY CHART... here's how it looks.
Updated
I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift.
1950 (completed support line) would be the key price point for that level.
Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level.
TAYOR.
Safeguard capital always.
1950 (completed support line) would be the key price point for that level.
Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level.
TAYOR.
Safeguard capital always.
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GOLD re-attempts... let's see.Trade active
TRIVIA: BASED ON TRI MONTHLY CHART HISTORY -- ANY BREAK OF PREVIOUS PEAK PROCEEDED WITH NEW HIGHS AND PEAKS -- 95% OF THE TIME.Trade active
MICRO VIEW: 4H DATA - back at the base range. Gold keeps fighting for this support level.Trade active
MACRO VIEW: WEEKLY DATA:Fresh signs are up: White light candle + bubble up volume (bottom indicator) finally appeared after 3 months of waiting.
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4H update:GOLD ascend continuation is in order.
UPSIDE in tact.
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Daily data update:Gold is skipping that major descending trend line support after a few weeks of aligning itself on it. An attempt to ascend 'significantly' is in order.
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Weekly data update:Weekly shift spotted -- this 'maybe' a huge hint already in terms of price possibilities.
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MICRO UPDATE (1h)GOLD is currently consolidating / ranging at the 1910-1920 range inside the darvas box. A break of this, will mean a strong momentum upside.
TAYOR
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Weekly data update:GOLD is about to touch descending trendline -- a break would mean a strong upside momentum.
TAYOR.
Comment
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DAILY SHIFT ALERT.Based on recent price metrics, Gold is aiming to revisit 1980 levels.
Spotted at 1925
TAYOR.
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Ascend continuation:Trade active
Price line shift has surfaced based on daily data.TAYOR.
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Buyers are back, a re-attempt to 1900 likely.TAYOR.
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Fresh attempt on 1H, altho daily is experiencing resistance. Let's see if it can muster strength to squeeze more upside juice.
Spotted at 1970.
TAYOR.
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Welcome 2k.Congrats holders. :)
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Fresh attempt from daily data:Trade active
Monthly data:GOLD registered huge net monthly volume shift after 6 months as seen on the chart.
Looks we are going to enter a new era soon, the 2k era.
TAYOR.
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Daily data update:We're about to enter the GOLDEN 2K ERA soon.
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GOLD doing the ascending waves consistently.Trade active
Price Playing out as planned.Trade active
4h data update:GOLD preppin for another round.
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Moved as planned.Congrats holders.
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RESET DAY. Swing opportunity.If you missed the 2150 run, then GOLD is flashing another opportunity play.
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A good descend will always be followed a GREAT ASCEND (with possible breakout) as shown on this chart.Trade active
The prospect of a revisit of 2150 ATH is very very high.TAYOR
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RESET.Trade active
Let's proceed further UP.Trade active
Possible scenario play for GOLD.Trade active
THE STAGES of GOLD.Repeat-Rise plays.
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1h data update: a shifting baseline has been spotted.Comment
an upside attempt will be expected from the current price range.Trade active
More rise ahead for GOLD.Daily shift. Bulls are taking over now.
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GOLD is coming for that heat zone area, a strong break would mean a strong upside momentum.TAYOR.
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GOLD doing the "W second leg" formation (with touch base). A pre-surge movement.TAYOR.
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new attempt / new base.Trade active
So far so good from our last update.For next week, based on 1h data, GOLD is looking to continue its upward trajectory.
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fresh attempt on 3h.Trade active
short squeeze is ripe on this.Trade active
Daily data update.THE KISS.
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4h data update: The Stages: Higher low base.
TAYOR.
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5h data update:We got a Breakout. Will target 2060 now with a possible attempt to break, if successful it will aim for 2100 ++ levels.
tvc-invdn-com.investing.com/data/tvc_4e6974895307d404dbb533f8b0e3ba75.png
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GOLD is preppin for an exponential rise soon.It is now hovering near the horizontal ATH zone, heatzone area.
A break off it would mean massive momentum and rise.
TAYOR.
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As expected. So much strength.Congrats holders. :)
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We are ranging still near ATH. Congrats holders.ON the daily another brewing bulls' attempt is in order.
TAYOR.
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1-2 PUNCH ALERT is UP NOW.An upside attempt may happen soon.
TAYOR.
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THE BULLS are STRONG, and upside continuation is in order.Next target is 2600 from the current range 2300.
TAYOR.
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4H DATA UPDATE:WE GOT A BREAKOUT ANEW!
This is preppin for a revisit to previous peak at 2400 -- with a possible breakout of it.
TAYOR.
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Moving based on expectation.Congrats holders.
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This is eyeing 2400 based on recent price metrics.Spotted at 2300.
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We almost hit our target at 2400 by touching 2397.Congrats to those who was able to ride it from 2300 from May 14.
Looking for a reset setup now.
TAYOR.
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Back to 2400++ .Congrats holders.
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Don't ever think this is overbought.2500 is pretty much a set target now, and more rise to go beyond it -- based on term data.
TAYOR.
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Are you guys ready for 2.5k?You should be ready coz
GOLD IS READY.
TAYOR.
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The play to 2500 still active. Nothings changed, despite the micro trimdown.Trade active
This is preppin for a bounce to prevous peak soon.TAYOR.
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This is 2500 bound.Certainty meter is high on this one.
HOLD.
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This is playing out well from our last update on May 24th.Eyeing 2500 now. Certainty meter is high on this one.
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Breakout. Eyeing 2400 levels soon.Trade active
DAILY DATA UPDATE:HISTOGRAM just registered it's first "bear detachment signal" again after a few days.
A pre-surge hint of an impending price growth.
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another diagram for reference.GOLD is doing horizontal range now. Seems it found its strong base already.
tvc-invdn-com.investing.com/data/tvc_250b91fee96c39faeca35a8b9abe04d1.png
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moving based on expection.Trade active
Eyeing 2500 now from the current range.Trade active
Looking very good now.Trade active
NEW DARVAS BOX SETUP. Once price pokes and breaks the upper edge of the box, new skies ahead target 2800.
TAYOR.
tvc-invdn-com.investing.com/data/tvc_7055bf335ca9aa2ef0f0309c6b0b1540.png
Comment
GOLD is showing some intraday opportunity at the current levels.Trade active
Daily data update:GOLD is forming a new "W" bull formation - and we're at the last leg already.
This may target 2600-2700 levels soon.
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GOLD has consistently created higher lows on our 4h data.A short squeeze maybe in order, anytime now.
Spotted at 2300
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Weekly data metrics update:GOLD strength persists. Looking to ascend further up.
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First histogram shift in 5 weeks has been registered today.Expect more price growth ahead this week.
tvc-invdn-com.investing.com/data/tvc_ca6283e2562df8f5641e9319c0b48f12.png
Spotted at 2300
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REITERATION: STRONG BUY.We are shifting big time on long term data metrics.
Originally spotted at 2300.
TAYOR.
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GOLD's favorite long move is now active. This signal never misses since 1900 area.tvc-invdn-com.investing.com/data/tvc_4160d62ac4b318f905084b4fd5f3d43b.png
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Weekly data metrics update:Our last assessment was spot on and on time before that big surge.
It moved based on expectation.
The weekly close is so strong that it has already seal the deal on its' next ascend journey. Preppin for another round now.
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Daily data update:GOLD getting ready to tap 2450 soon from the current range of 2360.
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Long term data update:GOLD will be unstoppable based on the recent long term COT CME data.
This may last for a few years -- and gold will continue to shine.
Recent bend was last year, after 2001, then 2015. It doesn't come often but when it does, it will rise exponentially.
CURRENT PRICE AT: 2400.
TAYOR.
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We may see some hibernation movement for GOLD in the next few days based on the current price point. It is now under a curve-down line -- hinting of a weighty gravity on price. An ideal and healthy move would be a re-tap of 2300 level before attempting another ascend to 2500.
TAYOR.
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Based on recent price movements -- there is also a probability of continued strength based on the latest price action behavior. ATH re-test by next week can't be disregarded.
shorturl.at/6Qh4M
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Daily data update:
This is curving up -- moving closer to the heatzone / breakout area.
Looks like a good short squeeze is about to transpire very soon.
TAYOR.
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This maybe what will GOLD do next.. deceiving everyone with that overbought signal.
tvc-invdn-com.investing.com/data/tvc_14c4a9cf20ccfe7b511add36cc3ad3e9.png
remember not financial advice. It's just one possibility -- it could go either way.
TAYOR.
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Looks like GOLD is getting ready for another new ATH number soon based on recent behavior -- doing its favorite formation.
TAYOR.
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GOLD is doing another 6-month triangle range based on latest daily data metrics.
Last time it did this was on Oct. 2023, and it lasted till March 2024 before the strong short squeeze to 500 surge.
And 6 months after, it's doing another precise 6 month triangle range -- and it's close to concluding. Is another 500 pip surge incoming?
Let see.
Spotted at 2490.
TAYOR.
Comment
typo*
...before the +500 pip surge...
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GOLD will be transitioning on the the curve-up channel soon.
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I'm still firm on that 2600 tap soon, a new ATH.
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Long term data: weekly looks even better.
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Daily data update:
THE HOP signal has surfaced.
skipping trendline tap.
hinting of a firm intention
to break.
tvc-invdn-com.investing.com/data/tvc_de0c9c769d9899cf09e3bef0599e0ca9.png
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intraday update:
Gold is persistent on a new ATH.
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GOLD trade aged well after 7 hours.
Here's our post breakout in reference with the image above.
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Congrats holders, we surged 500 pips.
as expected. -)
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I'm reviewing some big index confluences on GOLD..
Things are scary -- in a positive way pricewise.
3k is nothing for GOLD in the next few years.
Here's why.
Looking at NUGT index chart: This is an GOLD MINERS INDEX 2x chart.
Price about to make history.
Once the blue column zone gets overlap by the yellow, exponential price explosion will follow. It will be the first time in its index listing that it will happen since June 2009.
Comment
This will reflect weightily on GOLD's price. This will be massive and that's an understatement.Trade active
Our spot from 3 days ago aged very well.
We're now at 2580 levels. Crazy gains. Congrats holders.
And GOLD won't stop there. Based on latest price movements, this is aiming for more.
TAYOR.
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GOLD after that massive surge is creating another accumulation zone at the post ath higher base area.
Prepare for another strong run-up soon to 2650 area.
TAYOR.
Spotted at 2550
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