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Goldbullish

XAUUSD / GOLD - Bullish Gold is bullish... Buy now and hold till you can.... you will never disappoint and i repeat. price was reversed from the 0.382 fibo level to upwards and bottom line of bollinger band is providing strong support to push gold much as high. RSI history data shown us that if price was reversed from 40.16 level price gone up. you can see the round circle of in 0.382 fibo level how is the price movement. From all of these confirmations, what i can tell is GOLD is back to his bullish momentum till 1600 or more for long term. Note: Trade at your own risk and fundamental can affect to the analysis but no so much :) Like and comment on us. share your ideas...
OANDA:XAUUSDLong
by TuanMSallay
20
Is GOLD finally bullish?We can see price has broken a key trendline acting as resistance. Price has not retested such breakout, for we ought to wait for a pullback if we want to go long. Could this be only a long term pull back? Will price bounce back down between 50% and 61% Fib retracement? Is gold on it's way back to 1,300s? I recommend you set your initial targets at A: 1240.00 B: 1265.00 Should price continue to break them higher, move along the trend with the market. Best of luck!
FX:XAUUSDLong
by Felipersan24
Bulls taking control? In correction to my previous analysis in which I miss-used the pattern called "bullish pennant", I now show a trend line acting as resistance for Gold in the range between 1208 and 1214. The idea is to trade the breakout of this trend line as it has been an important zone of resistance for Gold for past weeks. See also a major trend line on the Weekly chart and appreciate how the market has respected it. Price failed to form a double bottom at yearly lows between 1160s and 1170s. The breakout of a key pivot point between 1193.00 and 1195.00 is also a sign that there might be intentions of a change in trend. Is this a good opportunity to buy and hold Gold? Best of luck!
FX:XAUUSDLong
by Felipersan24
2
Gold Reversal - Medium Term Bullish OutlookEntry and Exit Strategy are highlighted at the end of my analysis. The following analysis points out that a bullish reversal in gold is likely. My analysis a couple of weeks highlighted that a reversal was imminent, however, my analysis was slightly too early. As such, I have re-evaluated my position and analysed fundamentals in the market to better gauge what will move markets this month. The US dollar index, DXY, is poised for a bearish reversal. On a weekly chart, it is showing the first bearish candle in a while. Currently, there is little evidence to suggest a continuation in the bullish trend for the USD. The Turkish Lira is in a free fall one minute and reaching for the sky the next minute. Subsequently, Turkish equities, debt markets, basically any securities tied to Turkey have the same status as shitcoins following the BTCUSD collapse. This is particularly buoyed by perhaps the two most stubborn and misguided administrations in politics and economics currently: Trump and Turkish Government. There is also so much other fundamental analysis that can be discussed but I will save it for now and highlight it another time. So, on to the technical analysis... On the chart, as you can see, is one of my favourite reversal chart patterns - the bump and run. This is particularly strong as the trend is always bound by the lower support line, for a continued period of time. In this case, the down trend began in the second week of May (over 3 months ago) and the bearish bump only lasted a week or two at most. These are common signs of the bump and run chart pattern. The bears in this case, had their final push lower before conceding. This is particularly enforced by the extended hammer candlestick followed by an immediate bullish engulfing and continued bullish candlestick. My previous analysis highlighted that was significant divergence on RSI, Momentum and MACD. Although it continued lower and corrupted all my analysis, it is still a really strong sign of market indeterminacy and conviction. This was also supported by the lower volume levels, the strongest indicator showcasing reversals or continuations. To strengthen my analysis and confidence in this reversal, I have illustrated two contingent measures to increase the likelihood of a reversal confirmation. The first being, there must be a close above the the existing black trend line. A full close above it, there candle should be fully above the trend line. This would be around the 1187/88 mark. The other measure, is that XAUUSD must close above the conversion line (blue line) on the Inchimoku overlay. Again it must be a full close above no body or low of the candle should touch the conversion line, when these two conditions are met, there is a high likelihood of a bullish reversal or at the very least a 20-40 point re-tracement. As such, I have illustrated an entry and exit strategy given all the available information. Outlook: Bullish Time Frame : 3 weeks - 3 months Entry Price: $1190 -1195 (contingent upon conversion line and trend line cross over) Take Profit: $1299 Stop Loss: $1160 As always, this my analysis, please comment and follow my posts, I always read your comments (and criticisms) and try to incorporate your thoughts into my analysis for future posts. If you would like any specific markets to be researched or analysed, write a message and I will get back to you.
FX:XAUUSDLong
by Dubsta000
5
Gold - Two scenarios with a buy between 1,245 and 1,265 USDTwo scenarios for gold: 1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction. If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD.. After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are reached. 2. During gold´s sell off there was one shallow bounce. If that was already wave B the whole correction is getting close to be finished. In that case wave C is expected to end between 1,245 USD and 1,265 USD. Thereafter gold should start the next advance which will not stop at the open gap around 1,346 USD but should take us towards 1,400 USD... In any case gold is a buy between 1,245 and 1,265 USD Profit target 1,315 USD or higher Stopp loss 1,235 USD
FX_IDC:XAUUSDLong
by MidasTouchConsulting
2
GOLD Short Term OutlookShort term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks. TP: 1288 SL: 1262, (if 1264 breaks start selling) 1262 instead of 1264 because I dont like stops exactly on the right spot in case of just a short spike.
TVC:GOLDLong
by JoshFX1
3
Gold - bullish embedded stochastic ! 1,290/1,300 USD is nextGold remains very bullish here despite any overbought readings.. The breakout above the 6-year downtrend-line is super super bullish. Its the strongest signal for gold since 6 years !!! With the slow stochastic oscillator being embedded the rally will very likely continue over the coming days and weeks towards 1,295/1,300 USD. From there we should or could get a pullback towards the former downtrend-line which by then should correspond with the rising 200MA. That would give you another chance to buy into a dip around 1,250 USD. But of course its not sure. Gold could first run towards 1,370 USD too as the 6-year downtrend-line has been such a depressing factor that is now history! A pullback from those levels would end certainly higher than 1,250 USD.. probably 1,280/1,290 USD... but that´s all hypothetic for now. JUST LET YOUR WINNINGS RUN
FX:XAUUSDLong
by MidasTouchConsulting
1
Gold looking to head higher (Elliott Wave Analysis)As per the count presented on the chart it seems highly likely that Gold is getting ready to head higher. It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 and takes 1255-1245 as resistance then it is possible then we might be in some kind of complex Wave 2 correction. To know upside targets and a more detailed analysis you can check my previous articles. My current bias is bullish, I will update further as this market progresses.
FX:XAUUSDLong
by NeeravYadav
1