Buygold
Buy angle mirror Gold (XAUUSD)findedVery strong level - 1274-1277
I tried to sell and buy at this level several times
But now i finded buy angle mirror pattern. So buying Gold NOW.
When you see this idea - it maybe too late to enter the market. I already enter.
Open buy order on XAUUSD - 1277
SL - 1272.8
TP - 1310
RRR - 1:7.5
Long Gold For Big TargetHello Trader & investor
Here we are Again long on #xauusd
recent on my buy call you can see we have been enter gold long around $1210 Level
and Now Trading at $1300 Level
If u are holding long according our long target can hold
or if are looking for fresh position
can take fresh long or add long at $1298
with SL of $1275
for Target $1345---$1375 and once cross over above $1375 we can see $1414 leve
Enjoy Trading
Approaching Key Resistance!Gold approaching a key resistance area; 50.0% of Fibonacci Retracement of this year's bearish impulse.
Illustrated is the swing support to which the market could make a correction movement (pullback) before continuing moving within the uptrend channel illustrated in dotted lines in color blue.
Best of luck!
Breaks trendline! Keep it simple:
GOLD has broken an important bearish trendline
It should make a retest in search of liquidity
Price should look for a change in direction and head up to higher resistance areas
Trade breakouts of resistance levels after their respective pullbacks
Watch out for wicks near key support and resistance areas
The trend is your friend!
Best of luck
Is GOLD finally bullish?We can see price has broken a key trendline acting as resistance. Price has not retested such breakout, for we ought to wait for a pullback if we want to go long.
Could this be only a long term pull back? Will price bounce back down between 50% and 61% Fib retracement?
Is gold on it's way back to 1,300s?
I recommend you set your initial targets at
A: 1240.00
B: 1265.00
Should price continue to break them higher, move along the trend with the market.
Best of luck!
Gold Investor Looking Next month US election (Gold Rally)XAUUSD Technical Overview:
Pivot: 1186.50
Key Resistance: 1191.20 - 1194.56 - 1198.45 - 1202.29
Key Support: 1186.49 - 1184.58 - 1181.78 - 1178.20
Day Trading Range: 1178 - 1200
Technical Indicator:
RSI: The RSI having mixed bullish divergence.
Moving Average: SMA 100(1197.45) & SMA 200(1194.50) strong resistance for Gold today..
Technical Trade Idea:
Most Likely Scenario: long positions above 1186.50 with targets at 1194.50 & 1202.20 in extension.
Alternative scenario: below 1186.50 look for further downside with 1182.45 & 1179.30 as targets.
Overall, The trading week kicked off with a panicked sell-off in Chinese equities which simply expresses growing fears in financial markets. Rising U.S. and global interest rates, a stronger U.S. dollar, slowing economic activity, and of course, tense U.S.-China relations have all attributed to the nervous market environment. The cut of the Reserve Ratio Requirement from PBOC to boost credit did little to help appetite, in a sign that more action needs to be taken to avoid a hard landing. While we think that China still has a lot of monetary and fiscal tools to cushion a slowdown to its economy, investors need to see the domestic picture improving before seeing a significant rally in its equity markets.
There are quite a few variables influencing the price action which leads me to believe we’re more likely to remain in a range over the near-term. One event that nobody seems to be talking about is the U.S. November elections.
Traders are saying that today’s early session strength is being fueled by safe-haven bids from risk-averse investors. The buying could be coming from Asia where stocks are under pressure again. Furthermore, renewed concerns over a potential slowdown in China’s economic growth as well as an easing U.S. Dollar could be underpinning the market.
If it’s being viewed as an investment then investors will have a difficult time generating enough upside momentum to trigger a breakout through the resistance because of the rising interest rate environment in the United States. This helps support the U.S. Dollar which leads to lower foreign demand for dollar-denominated gold.
If gold starts to take on the identity of a safe-haven asset then demand will have to increase enough to drive out the net short hedge and commodity funds. Only then can we see a bona fide breakout to the upside.
There are quite a few variables influencing the price action which leads me to believe we’re more likely to remain in a range over the near-term. One event that nobody seems to be talking about is the U.S. November elections.
Thanks
YoCryptoManic
Gold looking for commentary on monetary policy todayFX_IDC:XAUUSD
Technical Overview:
Pivot: 1202.20 (CMP 1199)
Key Resistance: 1200.10 - 1203.45 - 1207.66 - 1210.20
Key Support: 1196.35 - 1193.79 - 1191.55 - 1189.25
Technical Indicator:
Moving Average: SMA 55 (1199.66) strong resistance & SMA 100(1194.48) & SMA 200(1195.36) strong support today for Gold. According to high volume moving indicator shows upside bias.
RSI: The indicator shows downside momentum, moving around 50 level.
Technical Trade Idea:
Most Likely Scenario: short positions below 1202.20 with targets at 1194.55 & 1189.25 in extension.
Alternative scenario: above 1202.20 look for further upside with 1205.20 & 1208.55 as targets.
Overall,Two factors likely contributed to the market’s weakness on Wednesday. Firstly, an easing of tensions between Italy and the European Union encouraged investors to dump their safe-haven long positions. Secondly, a soaring U.S. Dollar pressured foreign demand for dollar-denominated gold.
The U.S. Dollar was supported early in the session on Wednesday after the ADP National Employment Report showed private payrolls jumped by 230,000 jobs in September, posting its largest gain since February.
Shortly after the release of the jobs data, the greenback extended its gains after the Institute for Supply Management’s (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997.
Fed Chair Jerome Powell also made supportive comments. He added to the bullish tone for the U.S. Dollar when he said on Wednesday that the central bank may raise interest rates above an estimated “neutral” setting as the “remarkably positive” U.S. economy continues to grow.
In other news, tensions eased in Europe on Wednesday on reports that Italy plans to reduce its budget deficit over the next three years.
While the long-term view remains bearish because of the hawkish Fed, gold does remain vulnerable to short-term upswings if the situation between Italy and the European Union escalates.
In the U.S. on Thursday, investors will get the opportunity to react to three more economic reports and a speech from a U.S. FOMC member.
FOMC Member Randal Quarles is also scheduled to speak. Investors will be looking for commentary on monetary policy especially his opinion on inflation and the labor market. He may also offer his opinion on the pace of future interest rate hikes.
Thanks
YoCryptoManic
Bulls taking control? In correction to my previous analysis in which I miss-used the pattern called "bullish pennant", I now show a trend line acting as resistance for Gold in the range between 1208 and 1214.
The idea is to trade the breakout of this trend line as it has been an important zone of resistance for Gold for past weeks.
See also a major trend line on the Weekly chart and appreciate how the market has respected it.
Price failed to form a double bottom at yearly lows between 1160s and 1170s.
The breakout of a key pivot point between 1193.00 and 1195.00 is also a sign that there might be intentions of a change in trend.
Is this a good opportunity to buy and hold Gold?
Best of luck!