Gold will peak againSilver troy ounce (31.10 gram) 27.9 USD (percentage of 1.54, Strong Buy signaling) and Platinum , 1164.4 USD (0.16 of pct, Buy). Ounce palladium 2842 USD (%0.55) costs for traders.
Copper 1 pound (0.4535 kg), 4.529 USD (with the percentage of 1.48, Neutral) is being traded at the time written. Besides this, XAUUSD, spot gold (oz), 1892 USD (%1, Buy) is going along its trendline.
GOLD-BUY
GOLD Upside Target Complete!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Prior chart:
After a nice break above the $1,780, we have came up and reach the first upside target of 400 pips at $1,820. I have also included the 200 MA to show the final touch position. More upside is expected on this one!
NFP out today so trade safe and stay tuned for more updates to come.
Hope everyone has had a good trading week! :)
XAUUSD (GOLD) Buy Setup Forming! Spot gold and silver benefit from the softer Buck but remain around recent ranges with the former around USD 1,780/oz and the latter around USD 26/oz at the time of writing.
$1,780 seems to be a tough barrier for Gold to break through however the support seems solid.
Further upside anticipated for this week on XAU/USD.
Next upside target is $1,8200
Gold a perfect opportunity to go long | XAUUSD BuyOANDA:XAUUSD
Features:
1. Price is above 50 Daily EMA. Changed from downtrend to uptrend.
2. Textbook Elliott wave detected.
3. Elliott Impulsive Wave marked with numbers.
4. Elliott Corrective Wave marked with letters.
5. After Elliott Correction Wave price has not broken the previous support/swing low. Note: 50 Daily EMA is also located there.
6. Fibonacci level 38.2% level holding weakly, whereas 50% is the last support, below this setup will be invalidated.
7. Purple zone acting as support zone.
Results:
1. Perfect opportunity to buy gold.
2. 1960 - 1970 important confluence zone.
Important:
1. Risk management: 0.5%
Drop your comments...
XAU/USD (Gold): Buying at market price using volumes Hey guys,
Based on the previous volumes of the session, we can possibly determine the current pattern.
As you can see, a bearish and a bullish peak formed at two levels creating a resistance and a support, suggesting we could have a megaphone pattern.
Following this idea, it should be interesting to place a buy order at these levels and target the top of this pattern!
The R/R of this trade is slightly above 2. My target is around 1176.60 levels.
If you like my ideas please drop a comment or just show some love ;)
Trade with care!
Cheers
Jesse
Gold Buy Idea After Bullish Trend PatternH4 - Price has broken above a strong resistance zone and is holding above it.
No signs of trend change.
Expecting the price to continue higher further.
H1 - Bullish trend pattern.
Currently it looks like a correction is happening.
Until the strong support zone holds my view remains bullish here.
Gold Buy Idea At The Bottom Of The Daily ChannelD1 - Price is bouncing higher from a key support zone formed by the bottom of the daily channel and the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Multiple false breaks and bullish divergences.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to continue higher further after pullbacks.
XAUUSD TO 1777 CONFLUENCE COUNT
1. THREE WEEKLY CANDLE REJECTION AT PREVIOUS MONTHLY SUPPORT @1686
2. MARCH 15 WEEKLY CANDLE CLOSE ABOVE PREVIOUS MONTHLY RES @1733
3. MARCH 22 WEEKLY CANDLE FINDS NEW SUPPORT AT PREVIOUS MONTHLY RES OF @1733 NOW TURNED SUPPORT.
4. MARCH 29 CANDLE RETEST PREVIOUS MONTHLY SUPPORT OF @1686 ( MAJOR REJECTION )
5. APRIL 5 CANDLE OPENS BULLISH LOOKING FOR CONTINUATION AND FURTHER BREAKING PREVIOUS RES OF @1733
ALSO BULLISH PENANT FORMATION ON 1H TIMEFRAME
6. POTENTIAL RETEST OF MONTHLY RES @1777 WHICH IS ALSO A 50% FIB RETRACE ON OUR MONTHLY TIMEFRAME
7. BUY ENTRY POSITION @1733 .
TAKEPROFIT @1777
8. STOP LOSS SET @1725 DEPENDING ON RISK MANAGEMENT.
Buy NOW!📈 / XAUUSD💰Boom! This morning (Spanish time) I uploaded a chart indicating a buy point at 1707.00 marking a position closing point at 1772.00, and since then it has not stopped rising! US bond yields rise due to optimistic economic outlook and more supply, but let's not panic.
We will continue with open positions until 1772.00. which is where the MA marks.
Good luck investors!
GOLD BUY | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GOLD BUY | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
Support the idea with like and follow my profile TO SEE MORE
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GOLD - A long waited bottomWe have approached the point where Gold has entered a key demand area. This is likely to be the beginning of a next bull run towards the new all-time high. Tomorrow is NFP and it seems it will be much worse than expected. USD is struggling and it might be positive for the price of gold. Enjoy the rally!!!
Potential Gold Buys -Weekly and Daily Timeframes are still bearish
-4H timeframe recently flipped bullish
-Price came down and retested the previous resistance area creating a new higher low
-Retest at confluence zone at Fib 50-61.80%
-Potential buys on gold after we break the previous high (Above 1816.500)
-Best entry would be after breakout and retest at 1814-1816 area
-Possible TP would be 1840 (green line) which is also a monthly trend line
GOLD buy! Good Luck traders,catch the pipsHello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY GOOD LUCK! Great BUY opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
Support the idea with like and follow my profile TO SEE MORE
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GOLD ::: BULLISH22 FEB 2021
Gold CMP: 46550.
Buy for target 47771
with a stop loss of 46250
RISK DISCLOSURE
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