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Forex-gold

GOLD good position to open a SELL TRADEAs you remember from my previous forecasts, I expect the price to fall. And today I continue to speak of falling, although the price has been holding in the resistance zone for two days. Let me remind you that it consolidated near this zone two days ago at 1737.31. Then it continued to move in the zone, dropping to point 1734.56. Such indecision of the price indicates its imminent fall, since it is already clear that the price could not break through the resistance line 1739.37. And now she doesn't have the strong support to try it again. So I'm expecting a fall to the support line. And this is an excellent position to open a sell trade. I never tire of reminding you of the importance of SL. Look for it above the resistance zone at 1770.27. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
2
GOLD GROWTH after breakdown of SUPPORT lineAs I said yesterday, the price not only broke through the strong support line that has existed since December 2020, but also fixed on it, pushed off and began to grow. Let me remind you that the fall in Gold ended at the support line 1680.81 at the beginning of last week. After that, the price began to rise. At the end of last week the price reached the support line 1733.54 but could not break through it. Then the price rolled back and returned to the line again. After fixing, the price was able to break through the line at 1729.00. Then it consolidated again and showed a slight increase. I expect the price to continue to rise from the support line to the resistance line. Thus, my final target is the resistance line 1753.78. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
5
GOLD AdventuresFollowing the last couple of Gold (XAUUSD) Calls, It's giving a reason to accumulate a position down here for a push back up. As it's at the end of a deep move the accumulation may be a little more complex. The majority of retail traders are still long. So I expect a further dip before a rise. But as DXY is about to make some new ground higher completing its Elliott wave 4 move up. I feel the inverse here, complex bottom - gather momentum and up. See the last gold call before in the link below and some info on Elliott in relation to the current wave 4 move. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDLong
by Mayfair_Ventures
1
Here We Go Again. All 👀👀 on Gold!!! 🔥🔥🔥Last Major analysis was violated and gold smashed past solid support @ 1764. As you can see here, price is approaching the bottom of a year-strong parallel channel which also aligns with a key support area (1670-80). Will be looking for buys at 1665-70 area. I'm suspecting that price will rise slightly throughout the night, where it could collapse around NFP time (Be careful) to our desired levels. This could finally be the end to golds year long retracement. We could be looking at a 4000pip move with 2-3 months. Check Out my short trade on gold I was able to take Make sure to follow
FOREXCOM:XAUUSDLong
by NasBaz
3
GOLD next stage of fallMy last prediction came true. Namely: the price fell from a strong resistance level to the support zone. This level was only broken through in 2020. The last touch (in 2011) caused the price to collapse. After touching the strong resistance at 1866.83, the price came to the support zone at 8149.61. I expect the price to break through this area. Then it will fix on it and go down to the next zone of support. The target is 1822.63. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
11