The crossing of MA (100) and MA (200) has no doubt that now the strong rise of GOLD in stratospheric figures is expected and we expect something good and fast lifting.
Despite market pricing expectations of rate cuts by the Federal Reserve, Gold is weakening against the USD. XAU/USD has closed below the Daily Ichimoku Cloud for the first time since late last year. If it stays below the cloud, and breaks decisively below 1270-80, the next target would be the low 1200s.
Gold respected the 1D Support Zone (1,276.50 - 1,281) last week which cause a strong rebound at 1,281. After breaking the 1,300.50 4H Resistance, 4H has turned into a strong buy again (RSI = 64.279, Highs/Lows = 8.0379, ADX = 27.299) while 1D turned neutral (RSI = 52.247) potentially aiming at the 1,324.45 - 1,326.20 1D Resistance Zone. Our TP is 1,325. **...
Before the NFP news we predicted by stoch indicator how the market would go, we already have a fairly clear view ... Because Gold is now forecast to go to point 1298 and 1300 because stoch slow (6,10) is going up
I'm under the impression that Gold will correct to approx. $1254. I've got a 'Magic Fibo' target, an Elliot Wave ABC corrective wave target, and low volume nodes on the volume profile. We've just broken below, and retested some pretty heavy intraday support, and with that my algo triggered for a sell on the 15m candles. Really liking this entry. Putting...
XAUUSD is approaching our first resistance at 1298.56 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1283.81 (horizontal swing low support). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop...
BUY GOLD IN THE BUY AREA SL 1280.00 TP 1 1293.00 TP 2 1300.00
- Expectation for a long on sliver after a hard sell, strong buyers return and pick up momentum quick. If price surge and surpass 15.250, price will reach around the TP area.
Good weekend everyone, Gold as i've said on previous ideas is not ready to take off toward 1400 zone yet, and for that we must wait the proper opportunity to buy it. Weekly timeframe we can see the price failing to create a new HH and now we have a bearish engulfing candle removing all the progress from 3 weeks past, all this added to a hidden bearish...
What is the trade here? We are outguessing the end of a pullback within a pullback ... there is another leg down within this 4th wave in the sequence, with heavy resistance coming into play at 1325 the downside is wide open. We have a window of opportunity with inflation softening and risk fading via Mueller to complete a pullback as far as...
Gold about to retest the about trendline before going more downwards. there is also a probability of price may not retest the trendline and continue the same direction of selling. I will update you guys time to time about this pair have a close eye on that pair.
Open buy position at 1291.54 SL - 1289.55 TP - 1299.79 RRR - 1:4.09 Good small SL so we can use good volume
XAUUSD is approaching our first support at 1283.58 (horizontal swing low support, 61.8% Fibonacci extension ) where a strong bounce to our major resistance at 1299.29 (horizontal pullback resistance, 38.2% Fibonacci retracement ) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries...
XAUUSD is approaching our first support at 1283.81 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the...
We can see that price retested but failed to break our strong resistance zone ( red box ) price then bounced and made a bearish run and is now on its way down to our support zone ( green box ) We can also see that around our support zone is that trendline ( TL ) that has been used many times before, it is possible that price could use this as support again also...
XAUUSD is approaching our first support at 1283.58 (horizontal swing low support, 61.8% Fibonacci extension ) where a strong bounce to our major resistance at 1299.29 (horizontal pullback resistance, 38.2% Fibonacci retracement ) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price.