DeGRAM | GOLD long to 1810Gold grows strongly in price during the day session and returns to the resistance level of 1794.7,
I expect to consolidate above this level and rise to the local resistance level of 1809.6
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GC
on gold AC going to turn green ,this mean big + trend can start as mention before , gold touch SMA200 daily true? , now can little go down but its main target is touch upper trend line 1805 ,,,if trend line break gold will fly up to 1840 big trend line
we advice buy around green arrow for hold 3-7 day
if you have sell , put SL in today high , close around green arrow
note=calculation show gold in way to 1900$
keep monitor AC daily and AC 1hour chart (if you are new only monitor it,dont trade with it)
AC=accelator occilator created by bill williams show stochastic movment
www.forexfactory.com
General view of our Trading plan on XAUUSD Gold is one of my favorite assets to develop swing setups due to its consistent technical behavior. Today I will explain my general view about this setup:
The key idea here is that I want to see one more bearish wave before developing setups. Why? Because based on past scenarios (3 situations), the sequence I observed before beginning a new impulse is always a double bottom.
What is a double bottom? It's a situation where a price re-tests a previous support level without making a new low. That's a strong signal of accumulation happening. Here you will see an example.
So I like executing setups on Gold after seeing that; it works as a solid guarantee every time I'm risking money. So at the moment, I will keep waiting for a situation like this before taking action.
Remember: Patience can be your edge in the markets!
DeGRAM | GOLD keep falling. target - 1760Gold is in a local downtrend, perfectly fulfills our past ideas.
A false breakout of the 1760 level gave gold a pullback to the 1779 resistance,
I don't think the price can rise much.
I am waiting for the continuation of the fall of gold to the level relative to which a false breakdown was made - 1760
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DeGRAM | GOLD breakout support. Short to 1771Gold works out our scenario perfectly well and stops at the previously indicated level of 1779.
I am waiting for a slight pullback and a return of the price to retest this level with a further fall to support 1771.
The local trend is broken to a downtrend and coincides with the global one.
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let see gold day candels and buy PINBAR we have very powerfull support around 1830( fibo 61% too)
AC daily is red ( mean stoch show sell to all traders) it dont allow gold fly up , AC daily can switch to green if gold break today high
US GDP today comes very very bad = 2%, in next hour it will push dollar DXY to downer , gold will push up
www.marketwatch.com
Alert=if gold break downer trend line can go downer(need big news) dont forget put SL and sellstop
COT data ,=net open order by larg banks(cfd liquid providers) and fund managers , banks have 194000 open buy and going to increase ,see my screenshot
prnt.sc
GC follow up, +200 Ticks bull moveThe GC one hour time frame is in an up channel.
The market is near the top of the channel. It will
be a good idea to wait for the market to either
fall towards the bottom of the channel or break
above the top of the channel before looking for
long ideas.
ENTRY: Counter trend line break bullish either at
the bottom of the channel or above the channel.
LIMIT: If entry is above the top of the channel.
The limit will be 1871.6.
If the entry is at the bottom of the channel. The
limit should be just under the top of the channel.
STOP: In the sell zone.
Once or if the market gives the entry. As long
as the market stays above the channel. It will
be a good idea to turn to the five minute time
frame and to look for tunnel trader long /
destination trader long towards the limit
Bullish runs on GoldIt is unusual in the morning that such analyzes happen to me, like the one on gold today. It is a laborious climb up the hill, but with frequent pauses in the form of lateral movements. However, from an Intraday perspective, we only see Bull Bargains on the chart. Starting with the closest price opportunities (at the time of writing the analysis) - the Gamma -0.5 level being on the edge of the Volume Zone determined by the VSA Scanner, which according to statistics on defense / reaction gives a rebound to the Daily Pivot Point. If the price goes lower (which does not negate the scenario with a rebound on Gamma -0.5, because the price may first implement the scenario of a rebound from Gamma -0.5 and then drop more) - at the levels 1793-1794.7 we have a convergence zone determined by the Extreme Low of Day (determined from option movement by Gamma) and yesterday's Low of Day - and thus another opportunity to Long. Last but not least, we also notice a demand zone that is below the extreme Gamma -1 (which would mean a market anomaly) - but this is another opportunity for Long.
As for levels above the current price on gold (at the time of writing the analysis), the opportunity to Buy gold will be a breakthrough of Gamma 0.25 (or earlier Demand indications from the VSA Scanner).
Happy Trade!
GC +645 Ticks One hourThe GC one hour time frame is in an up channel.
The market is near the top of the channel. It will
be a good idea to wait for the market to either
fall towards the bottom of the channel or break
above the top of the channel before looking for
long ideas.
ENTRY: Counter trend line break bullish either at
the bottom of the channel or above the channel.
LIMIT: If entry is above the top of the channel.
The limit will be 1871.6.
If the entry is at the bottom of the channel. The
limit should be just under the top of the channel.
STOP: In the sell zone.
Once or if the market gives the entry. As long
as the market stays above the channel. It will
be a good idea to turn to the five minute time
frame and to look for tunnel trader long /
destination trader long towards the limit
GC +238 TicksThe GC one hour time frame is in an up channel.
The market is at the bottom of the channel and
showing signs of bullish bullish towards the top
of the channel price point 1791.2 about +238
ticks away.
Entry: Counter trend line break bullish
near the bottom of the channel.
STOP: 1747.1
LIMIT: 1791.2
As long as the market stays above the bottom
of the channel. It will be a good idea to turn
to the five minute time frame and to look for
tunnel trader long / destination trader long
opportunities.
gold on bad nfp go up ,on good US unemployment rate go down despite gold touch upper band of Ichimoku then goes down on friday , we belive still it have buy and must touch SMA200 daily (all eyes on 1800 area) even 1900 area (soon or late gold must see 1900 again)
but if bad news comes it can go down touch big trend line (1720 is buylimit place ) then start big + trend
note = see AC (or stochastic 7.4.4) on daily chart , it is turn red now , so when AC on 1 hour go up pick sell possible with sl=day high
big banks still hold 180.000 lot gold futures and each second can increase it to near 300.000(for this we advice dont pick sell)
prnt.sc
Technical analysis update: XAUUSD (5th October 2021)XAUUSD currently trades above its short-term support near 1750 USD. It experienced several fake breakouts below this level, however, price retraced back above support each time. We think inability of gold to slump lower while having bearish technicals suggest that we are close to the bottom. We continue to maintain notion that gold will remain stuck between 1750 USD and 1840 USD for indefinite amount of time with occasional breakouts below and above this price zone. Overall we remain bullish on gold in long run and we expect eventual breakout above 1840 USD followed by resumption of uptrend.
Technical analysis
RSI has bullish structure but it is reversing at the moment and becoming neutral. MACD is in the bearish area and it strives to reverse into bullish direction. We will observe it closely for next two weeks and we will look for crossover into bullish zone. This would further bolster bullish case for XAUUSD. Stochastic points into bullish direction, however, it oscillates below 50 points. We would like to see further rise in Stochastic which would even more bolster bullish thesis for gold. ADX's contains value slightly below 22 points which suggests that trend is either weak or neutral. Despite mixed technical analysis we remain bullish on gold. We believe that fundamentals such as persisting high inflation and unprecedented money printing will start to drag gold higher from here.
We observe inverted head and shoulders pattern forming on daily time frame. Chart formation is depicted below.
Pattern will become valid once neckline is penetrated to the upside. We expect such phenomenon to be accompanied by resumption of bullish trend of higher degree.
Support and resistance
Short-term support sits at 1750 USD while short-term resistance appears near 1840 USD. Medium-term resistance lies at 1916 USD and major resistance sits at all time high near 2075 USD. Major support sits near 1675 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Trading Plan on XAUUSD, What are we waiting for before trading?Today we will take a look at the precious metal and the setup we are planning to take
Based on the current scenario, we can see three consecutive structures, each bigger than the previous one. Based on previous scenarios this is a sign we will take of an imminent breakout on the consolidation that started in August 2020.
So, what is the final pattern we want to see before setting pending orders? The answer is a double bottom on the minor structure. If that happens, we will develop setups towards the bullish target (check the callout on the chart, please)
To better understand this, you can take a look at the pattern template. Our main approach while trading is ALWAYS defining what we will trade in advance. Assuming the double bottom happens, we will set pending orders on the entry-level and stop loss below the double bottom. The risk-reward ratio we have on a setup like this is above 3, which is excellent.
Please, remember that successful trading is about not having rigid views, opinions, and preferences on the direction of the price. We think successful trading is about defining what we can define as the best situation in terms of risk-reward ratio and establish what we will trade in advance. If the situation doesn't happen, you don't trade; if the situation occurs and is a stop loss, you absorb a -1% or -2% in your account. If the scenario happens and goes as expected, you take a +3 or +6% in your account. TRADE LIKE A CASINO!
Finally, the expected time for a resolution like this in case everything goes as expected is between 30 to 60 days.
Thanks for reading, guys! Trade safe.
head and shoulder pattern on gold daily chart we find this pattern 10 days ago , technical say gold will complete this head and shoulder pattern ( head and shoulder is powerfull pattern on gold)
above 1760 after break trend on 1 hour chart ,pick buy(buystop) and hold 7-8 day is good idea and
buylimit above downer trendline with sl=10.00 trailstop=10.00
if you have buy ,dont fear , gold little can go down, but we will see it's fly up soon to 1920
The gold is moving towards the ascent, God willingAfter the gold fell for a week and the indicators appeared by 88%, we are looking forward to a rise, God willing.
After the appearance of a Squeeze candle at the beginning of the week and a reversal candle at the end of the week, this indicates a high rate of rise, God willing
gold hit our SL in low ,break low mean down trend can start near 1700 and 1600 we will pick buy for hold 15-20 day to high
take look in daily chart ,pinbar on 2 days ago force many pick sell
fibo 161% on daily chart (last up move leg) say gold can crash to around 1600
note=in up big black trend line 1780 still is in zoom,if gold can break it ,will fly up ,so 100% put sl on last high/low or 6.00$
Vox Royalty trading higherVox Royalty has traded high again as the precious metals all find firmer footing post the FOMC meeting.
In a recent interview, Vox said that they have exposure to 35 million ounces of gold and equivalents in the ground, which means they have the potential to reap revenues out of a pot as big as $63billion 🤯
Last week ended well for Vox Royalty Corp as they broke out of an accumulation range clearing resistance at the C$3.00 price level. Since the fateful date of June 16th which saw the US dollar rise and GDX collapse further, Vox’s stock has risen with dips to C$2.50 being bought up. This rising chart pattern of higher swing highs and higher swing lows bodes well for the company as the volume point of control for 2021 and VWAP are now offering a good base for support. For the longs who bought into the stock in January and March, they are being rewarded for their patience and they can take comfort that speculators who shorted the 2021 highs will now be covering, or risk being stopped out. These actions will likely accelerate, as investors welcome a return towards the initial offering price which could then lead to a test of the year's highs.
GC One hour time frame long ideaThe GC one hour time frame is below the short
term down trend line. It will be a good idea to
wait for the market to enter above the short term
down trend line before looking for buying ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: 1771.3
LIMIT: 1871.6
As long as the market stays in the buy zone. It
will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long opportunities.