Hey traders, in the coming week we are monitoring XAUUSD for a buying opportunity around 1780 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey bulls we have seen some volume entering the game now, gold is on its way to 1900 $ on the volume indicator, I see some banks and big financial institutions put some liquidity to the market, XAUUSD is about to reach 1900 -1910 resistance area, the US retail sales MM previous was 0.8, the forecasting is 1.4 the actual is 1.7 The broad-based gain in spending...
OANDA:XAUUSD typically has little to no movement the day before NFP (non-farm payroll) So I wouldn't expect large moves today but I do see a perfect breakout pattern today and the larger timeframes show the momentum towards the bullish side. Also gold has been consistently bouncing between these price ranges with the current range being on the low side. I would...
Just an idea XAUUSD is still in its uptrend channel and is retesting the down channel.
Focus on buying GOLD, waiting for a break above for confirmation. Reason: 1. Double bottom indicates changing the trend to an uptrend, combine with bigger time frame its still an uptrend. 2. XAUUSD just finish an ascending triangle which strengthens the buyers. 3. The price did not break the third orange trendline below and keep continue bullish. If you Agree,...
4 H tf chart we can see a clear symmetrical triangle continuation pattern, entries and targets at the chart.
Price action has been consistently respecting the trend line and shows further bullish momentum.