In the above Daily Chart, we've forecasted a marginal high of Gold(XAU) to around 2,060 and from this level we expect a correction ABC to around 1,800 where the smart buyers must appear with higher probabilities. In weekly(W) time frame, Gold(XAU) has a bullish structure.
Note
The Structure shown in our daily chart is still update and for any significant changes we'll update again.Note
The Right Side of Gold(XAU) in H1 and H4 is now UP. Our daily chart continue with strong consistency.Note
Gold (XAU ): 4H;1H- right side is UP.A swing trader can buy, but with a stop loss in the last LOW round 1,937, and a target round 2,025.
Our daily chart continue with strong consistency.
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Technical Analysis:
- Gold(XAU) in H4 is Bullish
- Gold(XAU) H1 Right Side is Up
- Gold(XAU) is doing now wave (3) in blue
- The orange circle of Wave (4) in blue can be a very short term edging buy area
- If you're a swing or position trader, wait for the end of correction in wave 2 in the orange circle to buy
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Technical Analysis:
- Gold(XAU) in Weekly(W) is Bullish
- H1 & H4 Right Side are Up
- XAU is still in a process to finish a wave ((1)) as you can see in the chart
- The best buy edging area is when wave ((2)) is complete around $1,800
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✅ ✅ ✅ OUR WEEKLY CHARTS ARE STILL CORRECT IN THE LAST FORECASTS
Technical Analysis:
- Gold(XAU) weekly direction is Bullish
- H1 & H4 Right Side are Up
- As shown in the chart, XAU is still in a progress to finish a wave ((1))
- The best buy hedging area is when wave ((2)) is complete around
1,800Technical Information:
- In the short term/swing trader can buy in wave (4) in blue and sell in the end of wave ((1))
- Position trader also can buy in the end of wave ((2)) in black at
1,800
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.