Buyxauusd
BUY GOLDGold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much of a big difference... risking 90points for 650points
XAUUSD LONGHey Traders, in this week we are monitoring XAUUSD for a Buying opportunity around 1775 Zone respecting the bullish trend in combination with the strong Demand and Supply zone. Once we will receive any bullish confirmation the trade will be executed!
Remember always to use a small lot size on gold comparing to the normal lot you use on forex pairs. because XAUUSD movements are violent and it's easy for gold to marginate your account if you have a lack of money management strategy.
Trade safe, Joe.
Gold LongHey Traders, today we are monitoring XAUUSD for a buying opportunity around 1780 zone respecting the bullish trend and the strong supply and demand zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe and remember to use proper risk management with gold, because gold movements are so violent comparing to other forex pairs and it's easy for gold to marginate your account if you don't use the right money management plan.
Joe.
BUY GOLD2 Possible scenarios.
1. Gold will drop to 1787 area then continue with the bullish trend. Or,
2. It will drop further to retest the major weekly orderblock at 1775 area, which will give us sniper buy entries all the way up.
Watch out for these two areas.
TP1: 1828
TP2: 1858
TP3: 1900
SL: 1758
long term buy on XAUUSD1. A major downtrend on daily chart has been broken; done so by an upwards forming channel as marked up on the chart.
2. We are now waiting for the channel to be respected and drawback to the 1850 zone, which will also serve as a retest of broken downtrend
3. The 24 SMMA shows long term buy (just another confluence)
Gold Forecast (April 5, 2021): Wait to BUY againGold Weekly Chart
Gold had a long-term uptrend (for 2 years) and the medium-term downward adjustment (for 8 months). From this price range, I make my forecast - "Gold" will create the bottom then go up. Nice price for us to BUY and Hold is 1678.
If the price does not collapse strongly or decisively through this price range, the above forecasts will not change.
Daily chart
The overview direction that I predict is to return to the 177x - 178x (The confluence of downward trend and previous Resistance zone).
4h chart: 2 scenarios
Scenario 1: Strong adjustment and rebound
The price will fall again, back to 170x and bounce back.
Scenario 2: Going sideways to accumulate the power and bounce back.
That means it would still move sideways in the 172x zone, then rise up.