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GOLD top-down analysis, UPDATE!!Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
GOLD top-down analysis, UPDATE!!Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
GOLD top-down analysisHi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
GOLD top-down analysisHi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
Will The Surprised NFP Job Reports Drag Gold's Price Down?Positive data came from NFP for the month of March. While Economists forecast a rise by 647,000, instead it jumped 916,000. Not only that, the unemployment rate also dropped to 6%. These report alone should drag gold down while the dollar index suppose to rally up. However, gold ended bullish.
Looking ahead, gold temporally has bottom-out at 1675 and likely to make short rally up towards 1800. Gold still have a long way to go above 1800 as price most likely will re-test the low 1700 (or below)
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GOLD\XAUUSD (Y21.P2.E1).Macro structure.Correction Over?Hi Traders,
GOLD hit its target based on what I saw in Dec 2019 and hence the macro correction, ABC wave. Who says TA doesn't work.
Here is the proof.
The question now is, or was, is it going to be a medium to deep pullback.
If one looks at the chart, you can also argue that we are doing the handle component to the macro formation.
Moving foreword, I'm expecting something like a double bounce "W" or sideways ranging price action to give a macro reversal.
This purely based on fib level and structure.
Looking at the weekly indicators, the majority have their signals crossed over, indicating some upward pressure.
However not significant.
I have the KDJ where I noted if the 1st orange signal needs to approach 50% to give it chance to change price trend direction.
We so for have only the intension to change, where this signals cross over.
Similarly with the Phoeix and WT\MACD.
Based on these, Fib level, indicators and price structure, I think we are going to see a turn around in the coming weeks\months.
all the best,
S.SAri
Gold new Wave . Market outlookwait for currection , price action then buy
stoplose under the red line .
Buy gold bull flag daily charts and buy silverHopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time.
We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855.
Further we had a nice inverse head and shoulders break today on gold on the hourly charts to further hammer in the bottom of this pattern. A great time to buy
Pattern has also been replicated on silver hourly chart so it looks as though metals are very much in favour again
Buy and hold both
Gold Risk 1700 OR Rally To 2000A close below 1765 could move gold towards the ascending trending OR a close above 1874 will expose gold towards 2000.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GOLD MAY FOLDGold is heading into the 3 following structures;
1. A trendline resistance
2. A Classic Resistance
3. An H1 supply imbalance nested within an H4 Supply Zone
Also to note the daily trend is Bearish one , so adding one to one , the best direction to plan an entry is to go short with an exit target below the last D1 supply zone.
GOLD for the SELLLast day candle is going to close below the Strong Support line at 1860 which is considered a break in support.
If you look at the other touches I circled, no candle closed below the line without selling for a bit.
Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s possible a right shoulder is forming.
Also the touches inside the small trend lines makes the resistance even stronger.
Everything from my perspective right now leads to a sell. The only situation that could support the buyers is very convenient news leading to USD losing value.
Summary: Candle couldn’t break resistance and it’s gonna close below support, while possibly forming the right shoulder for the H&S formation.
I’m a buyer and a seller so I’m open minded to both options.
But I realize those that are specialized in one type of order are close minded to other possibilities.
So if you’re strictly a buyer and gonna comment with negativity save it 😂😂
The next move. Gold analytics.I expect a breakout and then a pull back to the yellow line. that's the best entry point to short Gold.
Long in play - GoldLong in play from 1770. 50% profit taken @1829. Now looking for 1860 break-out to confirm a bottom. Ideally, we would push through this resistance and then consolidate for 4h to cycle down before moving toward 1900. Don´t want to see a break of the 1800 level.
Gold buy or sell? Ideas for Mid to Long Term This is a long term investment strategy but off course we are not without a plan for the short-mid term.
I think that 1700s will the perfect buying spot as the 18 months moving average would coincide the 0.618 Fibonacci retracement it it plays out in the next 2-3 months. TVC:GOLD moved very quick and unsustainably decoupled from the 18 Monthly moving Average. The rally can continue only by multiple corrections to the 18 MMA . Long talk short, we are taking partial profits here and wait for the above scenario play out.
My Long term (years) price target is 3525 USD/ounce as is the price target of the gigantic cup & handle .
I am not a professional technical analyst. My analysis are not trade or investment advice.
We can never know what the market needs or wants. It does its thing, then we reevaluate.
