XAUUSD benefits from yesterday's dataGold XAUUSD benefits from yesterday's data with a negative impact on the dollar, recovering to 1825 before bouncing down with a decline in momentum while testing the resistance of 1807.96
The current wedge formation reflects overbought and correction possibilities with the expected profit-taking wave to 1775
If the sellers can fall below the 1800 mark
The bearish expectation is in the short term, and does not support the idea of selling now, but there will be future opportunities to buy back - at least for now - while observing the price movement in the coming period
Gold-trading
XAUUSD H1 - Long SignalA little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
✅GOLD TECHNICAL ANALYSIS|LONG🚀
✅GOLD is paining an interesting technical picture
But first thing first, the downtrend is over
Both the falling and horizontal resistance areas
Were decisively broken. However, the price
Went up by almost 8.5% in less than a week
Without any pullbacks so a correction is inevitable.
The price will gpo down into the supply ara below
And from there it can start growing again
With the next resistance being the 1800 level
LONG🚀
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GOLD Short From Resistance! Sell!
Hello,Traders!
GOLD went up suddenly
Probably on some fundamental news
Perhaps concerning the midterms
In the USA, but we are as always
Concerned with the technical outlook
And the thing is that Gold is now
About to retest a strong horizontal resistance
From where a pullback is possible
Sell!
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XAUUSD Gold Next Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
Following Falling Wedge in Short Time Frame #STF - H1
" 12345 " Impulsive wave completed in Daily Time Frame will Follow Buy Trend For Corrective wave " ABC "
" 4th " Impulsive wave completed at the Strong Level 1650-4 and can make some Bearish Moves for " 5th " wave
Break of Structure #BOS rejecting 1650 with Rejection Price Action
If Break the Current Level then Buy
If Reject then Sell
Selling Divergence #RSI
XAUUSD GOLD NEXT MOVETechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H2
IMPULSE CORRECITON - Completed Impulse and Corrective waves " ABC " it will again Follow Impulsive ( Bearish )
Breakout the Current Support Level "1650 "
Sell after it Retest
Bearish Channel in Long Time Frame #LTF
XAUUSD Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar)
Time Frame - H1
FALLING WEDGE in Long Time Frame #LTF in H4 and Rejecting from the Lower Trend Line
LEADING DIAGONAL in Short Time Frame #STF in H1 and Completed the " B " corrective wave
According to " Elliot Wave " it has completed " 12345 " IMPULSIVE WAVES and now it Follow Buy Trend to Complete its Correction " ABC "
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
BEARISH CHANNEL in Long Time Frame #LTF - Daily and can reach the Lower Trend Line #LTL and its next Strong Level - 1635-40
IMPULSE CORRECTION in Short Time Frame #STF - H1 it has completed the Impulsive waves and Now making Corrective waves " ABC "
It has completed the " A " corrective wave and if break the current level 1666 then " B " will be at 1650
Selling Divergence #RSI in Long Time Frame
Long Buy after 1690
Sell After 1650
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M30
BEARISH CHANNEL in Long Time Frame #LTF - H4 and Rejection from the Lower Trend Line #LTL
ELLIOT WAVES in Long Time Frame #LTF completed Impulsive wave " 12345 " and now making Corrective waves " ABC "
BULLISH CHANNEL in Short Time Frame #STF - H4 and Rejection from the Lower Trend Line #LTL
If Break out the Demand Zone and Lower Trend Line with Retracement then Sell
ELLIOT WAVES in Short Time Frame #STF completed Impulsive wave " 12345 " and now making Corrective waves " A "
#Buying Divergence in LTF and #Selling Divergence in STF
XAUUSD GOLD Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
BEARISH CHANNEL in Long Time Frame #LTF - H4 & Rejecting from the Lower Trend Line #LTL
BREAK OF STRUCTURE " BOS " and Retest at Fibonacci Level - 23.60%
IMPULSE CORRECTION - Making its " C " Corrective after Impulsive waves
Buying Divergence #RSI