XAUUSD longHey Traders, we got stopped out at gold short by breakeven, i've noticed that gold have done a breakout of 1834 zone, so now we'll consider jumping long around 1834 zone.
Trade safe and use proper risk management.
Joe.
Buyxauusd
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
BUY GOLDExpecting Gold to retest 1787 then buy, or 1775 OB then swing buy to 1853 area
One small buy at CMP 1794
Buy limit @1787
Buy limit @ 1775
Tp1: 1800
TP2: 1807
TP3: 1825
TP4: 1853
SL: 1770
Buy GOLDI expect liquidity grab downside as orders are being delivered before the move up
Buy limit Gold at 1800/1797/1794
Tp1: 1815
Tp2: 1832
Tp3: 1853
SL: 1890
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.
GOLD LONGWith an overall bullish trend, this looks like a good opportunity to buy some gold !! This juicy pullback to the 4h trendline looks like a good entry point. It has been pulling back to the 50% fib level after every swing up on the hourly chart, and is at the 50% level now.
Good luck :)
GOLD TO 1882.00Weakening Dollar means gold will fly, we've re-accumilated from the bottom and now are eyeing upside targets.
buy xauusd mondayThe movement of gold in the last few days of the week was quite unpleasant, the selling move of large funds pushed the price of gold to cool down, but the tension between the bulls was still stronger and was creating high peaks and troughs. More, today we are going to buy gold, however with volume less than 1/2 of normal we can buy limit at 1908 or buy stop 1951
tp1 1968
tp2 1994
sl 10 price relative to the entry point
Triangle Pattern, Gold is going to 1909!Gold is looking bull after consolidation with triangle pattern
This price action would make gold go bullish to 1909 and might test 1920 level
Gold - great upside potential?XAUUSD is still inside a major upswing that is currently consolidating above the Median Line of the upsloping fork + above the recent tops of a range, that was broken up a few weeks ago. The stall above the ML gives us a decent entry with a great R2R ratio, with the stop being below the ML and recent tops in case of a overshoot/backtest.
Trade is Long Gold cmp (1387)
Stop Loss: 1353
TP: 1528
One should never risk more than 4% of his/her account.
Thread carefully,
Nick
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
Possible Uptrend Channel Im trying to visualize the channel and angle at which GOLD could finally recover from its last bearish trend.
We can see price breakout of the bear trend and now looking to pick up strength and speed back toward 1300s.
Buy supports along the uptrend channel.
Best of luck!
Gold continue to pay attention to several things at onceXAUUSD Technical Overview:
Pivot: $1205.20
Day Trading Range: $1200.00 - $1218.50
Key Resistance: $1210.66 - $1214.59 - $1217.33 - $1221.20
Key Support: $1205.20 - $1203.25 - $1200.00 - $1196.28
Technical Indicators:
RSI: Indicator lacks downside momentum, moving around 64 level.
Moving Average: SMA 20($1203.63) & SMA 55($1200.71) strong support for Gold.
Technical Trade Idea:
Most Likely Scenario: long positions above 1205.20 with targets at 1212.45 & 1215.38 in extension.
Alternative scenario: below 1205.20 look for further downside with 1203.25 & 1199.89 as targets
Overall, Gold continue to pay attention to several things at once, as there are fears about the trade war, questions about whether the Federal Reserve will be able to raise interest rates in that environment, and then of course a lot of fear in the emerging markets. This has made the precious metals sector very difficult to trade at times, if you are looking at short-term charts. However, all one has to do is zoom out to the longer-term charts and recognize that we are in a major downtrend. This isn’t to say the gold can’t rally, most certainly can and it has. However there are levels where we see a lot of resistance previously. This is seen just above at the $1215 level, which should be a bit of a challenge to get above. That’s not to say that we can’t break above there, but we need some help from the US dollar.
Thanks
YoCryptoManic
Gold sellers could hit it hardTechnical Overview
Weekly Pivot: $1197.67
Weekly Key Resistance: $1204.46 - $1208.66 - $1215.45 - $1223.43
Weekly Key Support: $1190.97 - $1186.68 - $1179.89 - $1170.09
Technical Indicator:
RSI: The RSI shows to more downside bias, moving below 50 level.
MACD: Macd having seller pressure with high volume.
Moving Avg: SMA55 ($1198.29 Blue Line in above Chart) & SMA200 ($1200.81 Black Line in above Chart) Strong Resistance for Gold.
Most Likely Scenario Long Position $1180 - $1184 with Strong Stop $1172 with target $1192.45 - $1198.35 in extension.
Fundamental:
Gold could start the week under pressure if reports from over the week-end are accurate. The Wall Street Journal reported Saturday, citing individuals familiar with the matter that President Trump is planning to impose a fresh round of tariffs targeting about $200 billion in Chinese goods.
According to the Journal, the tariffs are expected to be set at around 10%, according to people familiar with the matter, a lower level than the possibility of 25% tariffs previously floated by the administration.
With the move, Trump is trying to pressure Beijing ahead of planned high-level discussions and is intended to provide the U.S. leverage in talks over China’s alleged practice of demanding American companies turn over technology in order to do business in the country, the Journal reported.
However, traders could flock to the safety of the U.S. Dollar, putting pressure on gold prices, if the imposition of new tariffs escalates trade tensions between the U.S. and China.
There are no major U.S. economic reports this week but Treasury yields could continue to move anyway as investors position themselves ahead of the next Fed interest rate announcement on September 26. Last week, the benchmark 10-year Treasury note hit 3 percent, if it continues through this level, sellers could hit gold hard.
Minor reports include the Empire State Manufacturing Index, Building Permits, Housing Starts.
Thanks
YoCryptoManic
XAUUSD : Channel Breakout another strike @ GoldXAUUSD 1305's are possible only if there is no Double Top or Failure of that.
Else this channel breakout will fail, so kindly check ur plan before taking positions
Hope I have explained more in chart itself :)
