GOLD: Growth & Bullish Forecast
The analysis of the GOLD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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Gold-futures
GoldGold broke the resistance area and continued to stay above it, which supports more bullishness, and it may test it and come back again
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1854.9
Pivot: 1827.7
Support: 1791.8
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Expecting price to possibly drop from the pivot at 1827.7 which is the overlap resistance before heading towards the support at 1791.8, where the overlap support and -61.8% Fibonacci expansion line is.
Alternative scenario: Price may head back up towards the resistance at 1854.9, which is the overlap resistance.
Fundamentals: There are no major news.
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1881.6
Pivot: 1863.5
Support: 1820.1
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop from the pivot at 1863.5 which is the overlap resistance towards the support at 1820.1, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance and minor high.
Fundamentals: There are no major news.
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1881.6
Pivot: 1864.8
Support: 1836.9
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance.
Fundamentals: There are no major news.
GOLD: Bearish Continuation
Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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Gold Futures ( GC1!), H4 Potential for Bearish DropTitle: Gold Futures ( GC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1975.2
Pivot: 1917.7
Support: 1836.9
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is.
Alternative scenario: Price may head back up towards the pivot at 1917.7, where the overlap resistance and 38.2% Fibonacci line is.
Fundamentals: There are no major news.
RLinda ! GOLD-> It's too early to talk about a big drop!Gold still retains upside potential. Although on the local timeframes it seems that gold starts a strong fall, looking at the global ones, it is too early to talk about a fall.
Since gold is in consolidation, the big player will make any maneuvers to attract additional speculators' assets. All traps are used in such a game, so it is logical to trade from the range boundaries and, by the way, it is allowed to both buy and sell, the main thing is to follow the risks and rules!
On the chart we still have a rising trend of lows and highs, the gold has not yet overcome the key support zone to talk about a fall or a global correction.
The price is trending towards the strong support area of 1900-1902.
I expect a bounce in price and a possible strengthening towards the 1910 and 1920 area.
Regards, R. Linda!
Gold Futures ( GC1!), H4 Potential for Bearish DropTitle: Gold Futures ( GC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1975.2
Pivot: 1912.5
Support: 1836.9
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 1975.2, where the recent high is.
Fundamentals: There are no major news.
RLinda ! GOLD-> False breakdown or true breakdown? Gold is out of range. The channel support has been broken, but the price is resting in the limit zone of 1920, which is the consolidation support where the price is.
The response to range support is adequate. Price bounces back and intends to return in the boundaries of the upward price channel. If price returns to the channel, it will have the potential for an uptrend move to the 1950-1952 resistance zone.
I expect price to be able to return in the boundaries of the uptrend channel in the near term and begin to strengthen towards the consolidation resistance where it has been for two weeks. The short-term target is the 1940 resistance and the medium-term target is the 1950 liquidity zone.
Regards, R. Linda!
RLinda ! GOLD-> The formation of the wedge A stalemate situationGold is in consolidation, an uptrend and buyers are trying to push the price up, but at the same time a bearish pattern is forming
There is an interesting pattern on the chart, which could lead to a price correction to the 1900 area. The upward wedge can be broken downwards, which is the essence of the pattern. If the support of the wedge is broken and the consolidation below the line, the price can go down quite quickly to the 1900 area.
But if a pullback from the wedge support starts to form, the bulls will not let the price fall, and in this case we should expect a rise to 1935, and in the medium term the price can break the consolidation resistance and rise to 1966.
Regards to R.Linda!
GOLD 1HOUR: technical say gold can pullback to 1808 (fibo 61%)i see many friend have old sell against my analyze dont put sl on last high too !!!!!!,,, they no SL and dont eat sl in this game = margincall and loss all soon or late
for this personally love gold go down to 1808 but market and news not in my hand to help you !!!
after close sell,,you must withdrawal all money from real account and back to demo and reach 100% control on 1- levrage 1-10 2- put sl in high/low 3- stand in very low size (per 10k balance max 0.1 lot)
i was 7 year on demo ,what i was working on?
VERY IMPORTANT TEST FOR WIN IN REAL ACCOUNT : UNTIL YOU CANT TURN 1000$ TO 2000$ WITH LEVRAGE 1-10 AND 0.01 LOT AND SL (if you touch SL ,you born and loss and must back to start) you must must pass this test ,,,,,if you come to real without pass this test ,you will margincall and loss ...this test design by me for my friends and students
note;if you have buy you must put SL in 1915(last low) break low in gold mean 90% down tern will start like yesterday nigh
www.tradingview.com
wish you win
RLinda ! GOLD-> Strong consolidation Gold is resting after a strong rally. The price moved into the consolidation phase, which is proved by the presence of the range boundaries and their confirmation. Nobody knows how long it will be, probably, the fundamental factor may influence price to come out of the consolidation in the nearest future
The upper consolidation boundary is 1928, while the lower boundary is 1897. Also, the key level of 1912 passes through the range, which may play an important role for deal opening (high risk since it is difficult to trade inside the range).
At the moment there are no preconditions for the price exit from the range. Expect set-ups
Senior timeframes (D1, W1) show that growth will continue, but before the growth there may be a prolonged consolidation or rollback to the liquidity zone 1880.
It is acceptable to buy from levels: 1897, 1912 and on breakdown of 1928. Sale only with minimum risk!
Sincerely R. Linda!
RLinda ! GOLD-> Difficult situation - support retestGold hit a high of 1929 and the price stopped in that zone. At the moment, the instrument has weakened by 1.0%, being in the phase of a technical pullback.
The price is testing the key 1912 zone (channel resistance). A classic situation in an uptrend is a false breakout of support on a pullback. This maneuver is necessary to capture liquidity, which can push the price further. But at the same time the difficulty is that a consolidation below the same level could push the price down.
If you assume that the price is going down now, it is worth using this fact to sell, but in the current situation it is worth reducing the losses, because the bulls might not allow the price to go down deeply. It is worth controlling the price and closing positions on the 1912 retest.
The next consolidation above 1912 could send the price up under a strong buyer.
Regards R. Linda!
BitcoinWe are waiting for a correction in order to make sure of the upside, and it may come down now. Only the correction is the key to the upside
RLinda ! GOLD->What to expect from the price in the near future?Gold is showing surprising confidence. The heavyweights are already starting to talk about a strong rally. What's going on in the lower time frame?
It's worth paying attention to such a nuance as the absence of a fall after testing the channel resistance. The price is in a strong consolidation between the support (rising dotted line) from December 20, 2022 and resistance 1876.
A break of one of the sides of this consolidation will determine the further direction. In our case, it is worth taking into account the trend direction to choose the trading direction.
I expect the price movement in the direction of the trend. On the chart there is an important target - resistance 1890, which is a liquidity zone, so I expect breakdown of 1876 and further growth to 1890 as a priority.
But if the support is broken, the price can form a technical pullback to 1850-1840.
Regards R.Linda!
RLinda ! GOLD-> H&S formation stage. What to expect?Gold is down 2.2% from its high. Technically, this is a reaction to a false breakout of strong resistance. What's next?
Yesterday I told you, there is a high probability of a technical pullback, the price goes down towards 1824, but it does not reach the zone, so the technical pullback forms and the price draws an interesting "Head & Shoulders" pattern, based on the false-break and the resistance. I think that if this pattern holds, the price can reach both 1824 and 1807 in the nearest future.
The situation is tricky, if the price breaks 1843 and rallies above it, there is a chance of rising to 1858 and trying to break the resistance at 1858.
But if the right shoulder of the "Head & Shoulders" pattern confirms, if the price consolidates under 1843, there is a chance to go down to 1807
Regards R. Linda!
🥇 Golds Rise Likely To Speed Up... Even A New ATH Possible!Golds rise is likely to speed up even while the stock market prepares to print a relief rally.
We are likely to see Gold (XAUUSD) growing together with the SPX... Wait!
Forget about the S&P 500 Index, this is the Gold chart.
Here we have quite a few bullish developments to mention/look at but first...
Feel free to Boost 🚀 and read the 26-Dec-2022 trade idea below:
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XAUUSD is trading daily above MA200 and all the EMAs we use, those being EMA10/21/50/100/300.
Trading above MA200 and EMA300 is a significant development for the bulls and opens the door for long-term growth.
Not that we will necessarily have long-term growth but the doors are open, this is now in the cards based on this simple signal.
A very strong RSI supports this current move but the trading volume is low.
Two ways to read the low volume...
1) Things are just getting started and the volume is yet to come in.
2) There can be a reversal later on...
Let's add a third... 3) Simple continuation and this type of market can work/grow on low volume as well.
There is a "W" pattern from October to September 2022 which tends to lead to slow and steady growth.
See how this same pattern performed for Monero (XMRBTC) back in 11-April-2022... The pair has been growing since!
Well my friends... Gold looks really good.
The main support is the range between $1,750 and $1,780.
Anything above this level is strongly bullish.
If XAUUSD moves below this range, then things can change... Meanwhile, the bulls have control right now of this game.
Enjoy your week.
Happy new year 2023.
Make peace and love not war.
Oh wait... Even a new All-Time High is possible!
The targets are mapped on the chart.
Namaste.
RLinda ! GOLD-> A pullback is expected. Bulls control goldGold forms momentum and strengthens to 1849.9. The bulls continue to dominate the market. What to expect next?
As we can see, since the beginning of the new year and the opening of trading, the price reacts violently, and after a long accumulation it forms a bullish momentum and tests the resistance of the ascending range. This zone is quite strong, and I most likely expect a pullback to the previously broken level.
I assume price will go down from the resistance zone, but the potential remains bullish. In the near future, I expect a retest of the 1850 resistance level and an attempted retest of 1858, with further upside to the uptrend channel resistance.
Regards R. Linda!
RLinda ! GOLD-> Bulls Celebrate CHRISTMAS and Pressure SellersGold shows quite positive dynamics at the end of the calendar year 2022. Since November, the price showed a very intensive stage of recovery and made a rally of 12.6%.
On the chart, the trend change is clearly visible. It is worth paying attention to the ascending triangle. The price is in a consolidation phase. This pattern is interpreted as: the pressure of dynamic buyers on the limit resistance zone, which the sellers are trying to hold. Numerous breakout attempts, which turn out to be a false-break, only accelerate the energy buildup for the breakout.
In the medium term I expect a continuation of the onslaught on the given 1807-1810 zone, and if the situation does not change, the zone will be broken through. Our targets in the medium term will be the resistance zone 1845-1855. In the long-term prospect - 1920-1935.
Merry Christmas!
Regards R.Linda!
RLinda ! GOLD-> Gold opens for growth to 1878Gold has risen about $200 since falling to a more than two-year low in late September as expectations of a slower Fed rate hike eased the dollar's allure.
In my last global review, I said we should expect a pullback after the breakout. The price forms a technical pullback to the $1775 zone and the bulls finally consolidate their position. As we can see, gold continues its rise, the price is currently at $1815.
After the price fixes above the trend line, which started its formation in mid-2019, the price opens for itself the potential to $1878 and it is worth assuming that by the end of the year the price can shoot up to this mark
Gold is holding range as trading is rather sluggish and investors are in a wait-and-see mode. PCE data will be important. If inflation continues to decline, the dollar will weaken further and gold will take on a more resilient tone.
Third-quarter U.S. gross domestic product data and weekly jobless claims data will be released at 13:30 GMT.
Traders will also analyze Personal Consumption Expenditures (PCE) data due out Friday, looking for information on inflation.
The U.S. Federal Reserve gradually lowered the pace of rate hikes to 50 basis points in December after four consecutive 75-basis-point rate hikes. However, Fed Chairman Jerome Powell has signaled that the U.S. central bank will raise rates next year.
At this point, gold looks good, and some caution should be exercised with it. All it takes is one or two negative factors for gold to plummet down again
If the blockages start again and we see a paralysis in the Chinese economy, demand will fall and that will be a bearish factor for all commodities, including gold.
The medium and long term outlook:
1) Gold is currently open to a move to $1878
2) The level of $1878 is difficult to break through and we should expect a pullback or consolidation at this level.
3) $1878 will be the key level to determine the further move.
4) If the bulls seize this area and hold the price above the level, the price will open a potential for the level of $1983
Regards R. Linda!
RLinda ! GOLD-> Triangle pattern and consolidation. Breakout?Gold continues to consolidate energy within the range boundaries between resistance 1807 and support of the price channel. In this case, an upward triangle is formed. Pressure is emerging on resistance 1807
The "Rising Triangle" pattern implies an active gathering of energy by buyers to break the resistance ahead, which in this case is the level of 1807.96. A breakthrough of this boundary will open the potential for the price to grow to the rising resistance (dotted line) and up to the level of 1907
I assume that today the price may form a pullback to the support of the price channel and continue to consolidate in this range. In the medium term I expect a break through 1807.96 and growth to 1840
Regards R. Linda!
RLinda ! GOLD-> Consolidation on the support line. What's next? Gold is in consolidation. After a rather active growth, it is testing the support of the price channel. The price is in the risk zone, what should we expect next?
A consolidation without a bounce after a big drop might mean that the price can continue falling, in which case it can quickly reach the support of 1765, but the gold is still trading above the channel support.
I assume that at the moment the buyers are trying to hold the support area of the channel and try not to let the price go down, as that would provoke selling.
There are two possible scenarios.
1) If the bulls manage to keep the support of the channel, the price may reach resistance 1807 in the nearest future
2) If the support is broken through, we should expect the retest and the price consolidation under the level, and the price will go to 1765, and then to 1744.
Regards, R. Linda!
