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Gold-futures

SILVER (XAGUSD) The Next Swing Move & How to Catch It 🥈 Silver is trading in a bullish trend from the beginning of April. The price is steadily growing within a rising parallel channel. It looks like the next goal for buyers is 28.0 - 28.1 daily resistance cluster. To catch a bullish continuation to that level, follow a bullish flag pattern on 4H. It shows a local bearish sentiment on the market. Once its resistance is broken, it will be a trigger for the next swing move. In case of a bearish breakout of a major daily channel, setup will be invalid though. Remember about that.
OANDA:XAGUSDLong
by VasilyTrader
14
Gold - GC Gold Futures are rising as non-commercials add to their long positions. - Currently net long 192.3k, up 21.5k. In the week to Wednesday, for the first time in 16 weeks, GLD (SPDR Gold ETF) saw positive flows, gaining $340 million (courtesy of ETF.com). In the meantime, non-commercials raised net longs in gold futures to an 11-week high. Last week, the metal jumped 3.6 percent after repeatedly defending $1,760s-$1,770s. The nearest support lies at $1,800, and of course $1,760s-$1,770s after that.
COMEX:GC1!
by TH_Analysis
4
GOLD (XAUUSD) Be Prepared For Reversal! Here is Why: 🥇 Gold keeps growing since the end of March. +10% net growth so far. The market looks overbought and quite soon we may see a retracement leg. To catch that stay focused on 1855 - 1875 structure resistance cluster. It is a very important historical zone. To short it wisely, follow a rising parallel channel . Wait for its support breakout as a confirmation. Then short with a goal 1800. In case of a bullish breakout of the underlined zone though, bullish continuation will be expected. Next goal will be 1950. ❤️Please, support this idea with a like and comment!❤️ ⬇️Subscribe to my social networks!⬇️
OANDA:XAUUSDShort
by VasilyTrader
1
GOLD (XAUUSD): Key Level Ahead! Watch Carefully Hey traders, Rally on gold continues and during the us session yesterday we saw an impressive movement. However, ahead is a strong structure area. The confluence zone between a resistance line of a major channel and strong horizontal structure. Next week look for a confirmation to short from there and catch a pullback. I will update the post in case, if I see a needed confirmation. Please, support this post with like and comment! ❤️
OANDA:XAUUSDShort
by VasilyTrader
23
MarketBreakdown | EURUSD, GOLD, USDJPY, USDCAD ❤️Please, support this idea with a like and comment!❤️ 1️⃣ EURUSD - 8H time frame The market remains bullish and trades within a rising parallel channel. Though bias remains bullish, it looks like the pair is slowing down. The last higher high did not manage to reach a resistance of the channel and returned back to retest a channel's support. In case of a bearish breakout, be prepared for a potential correctional movement. The pair looks too overbought. 2️⃣ USDCAD - Daily time frame The pair is very close to a year's low. The price has already formed a dodji candle so a pullback is highly probable. Keep monitoring the intraday time frame for a pullback trade. 3️⃣ GOLD - 16H time frame The price broke and closed below a support line of a rising wedge pattern. It looks like the retracement leg may proceed. The closest support to watch is 1748 - 1758 I did not short because the price did not reach a key level within the wedge. Instead, I will look for buying opportunities from support. 4️⃣ USDJPY - 3 Days time frame The price has respected a major rising trend line. The market has formed a nice dodji on that and we see a nice consequent bullish continuation. The pair will most likely keep growing. Next resistance - 109.7 ⬇️Subscribe to my social networks!⬇️
Short
by VasilyTrader
17
GOLD (XAUUSD) Key Points to Watch Bullish rally continues on gold. The market is currently trading within a rising parallel channel. Here are the main key levels to watch: The closest support is based on a support line of a channel and the confluence with a major daily underlined horizontal support The closest resistance is based on the resistance of the channel The next major resistance is 1815 daily structure cluster Key levels serve as save points to trade from. While the price is within, it is better to stay away. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
OANDA:XAUUSDLong
by VasilyTrader
3
GOLD (XAUUSD): Important Test of Structure! Watch Carefully Two equal lows are always considered as important reversal clue in price action trading. With a two consequent bullish candles, we saw a strong bullish pressure the last two days. The last resort for sellers is a resistance line of a falling parallel channel on a daily. To catch a bullish swing, wait for its breakout. It will be a perfect confirmation. Next resistances: 1755 1800 In case if a trend line is respected and the price sets a new ll, bearish continuation will be expected. Please, support my work with a like and comment.
OANDA:XAUUSDLong
by VasilyTrader
23
GOLD (XAUUSD): Waiting For Important DECISION Next Week Technically speaking, gold still remains bearish while it is trading within this major falling channel . Now the price is testing its resistance and its future direction strictly depends on the reaction of the market participants to that. For shorting wait for a bearish breakout of a small rising wedge pattern. It will be a perfect confirmation. For buying wait for a bullish breakout of a major falling channel . Wait for a decision and only then act accordingly. Please, support this idea with like and comment.
OANDA:XAUUSDShort
by VasilyTrader
GOLD (XAUUSD) What to Expect Next Week? Gold is currently trading within a wide horizontal trading range on a daily. 1765 is its low and 1965 is its high. On Friday the price almost reached the support of the range. Depending on the reaction of the market to that here are two potential scenarios: 1 - The price may respect the support and continue trading within the underlined boundaries 2 - The price may drop the support. Daily candle close below will signify a highly probable bearish continuation. Make your trading decisions accordingly or wait for a reaction first, and only then follow the market. What do you think will happen?
FX:XAUUSDLong
by VasilyTrader
25
GOLD (XAUUSD) Price Action & Outlook for Next Week For a quite long period of time, I remain bullish biased on gold. Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider. After some stagnation and consolidation, the price has dropped retesting the broken trend line. A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow. The price may retest a current local 4H high and then go even higher. Good luck and have a great weekend!
FX:XAUUSDLong
by VasilyTrader
16