XAUUSD BuyExpecting Gold to continue its upward trend and fill the gap to projected resistance price of about 2003.00 based on Gold's trading range within in the last week. DXY is projected to fall based on moving average chart indicators, which favors a Gold buy.
Buy Entry: 1975.00
Targets: 1977.00 | 1980.00 | 1984.00 | 1987.00 | 1991.00 | 1995.00 | 1999.00
Resistance: 2003.00
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Goldbuy
Gold ClimbExpecting XAUUSD to climb back up due to incoming economic events after a price fall off for the last couple of days. We may see the Dollar Index fall to the 102.000 area before the weekend which also supports a buy for Gold.
My last chart may enact past price 1856.00 , but for now I have it as a resistance area.
Buy Entry: 1832.00
Targets: 1835.30 | 1839.50 | 1844.00 | 1847.00 | 1851.00 | 1854.00
Resistance: 1857.00
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9 March 23: XAUUSD Price Bottom $1813. BULLISH $2000Kuala Lumpur, 9 March 2023 - Gold after the FED effect has bottom on $1813.
Robust price has been developed which seller quitted.
Bitcoin and cryptocurrency trader has tired.
Withdrawal and they putting into GOLD #xauusd right now.
While kathy wood pumped money not into coins but into coinbase.
We know she know something about the broker and confident about it.
She not buy into coins, she invest the hoe for the gold digger.
Chinese is piling a stock of gold.
An occasion that happen only 2 years once in tradition to buy gold.
For me, gold price is steady and support around the price of $1800 base.
FInd out that $1810-$1813 is the base that being the price key to bullish.
Shark use the first sentiment to sell gold and close trade on FED first comment.
Second day, they started buying in after selling and close their position.
They knew the price sector in gold right now is robust after a drop -1.6% (almost 2%)
This is the typical level percentage to buy the gold cheap.
The whole world is waiting for the massive bull run in gold. The end has near.
This is the good tragedy for the bear. In case,if you never see it the bull has started on gold.
Keep hold the gold above $1800.
The last chances in the century that gold will never go below $2000.
New era of the $2000.
-Zezu Zaza
Hedge Fund Manager Malaysia
Gold Short-Term BuyExpecting XAUUSD to continue up for the short-term based on the hourly chart. I have a support at 1870.00 but continued upward motion could see a support as high as price 1889.00 . Moving averages seem to be favoring buy motion as well as a weakening DXY. I have based my analysis on the last time Gold saw current price points in mid February of this year.
Buy Entry: 1856.00
Targets: 1859.00 | 1862.50 | 1866.00
Resistance: 1870.00
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GOLD (XAUUSD): Bulls Will Keep Pushing! Here is Why:
So fundamentals are strongly support Gold.
We saw a stong bullish rally last week
and chances are high that such a sentiment will keep lasting.
We expect a bullish continuation next week.
Goal - 1866
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When the Dollar fall each time, Gold increases a few foldsMany got distracted when Gold was trading in a range the last few years.
A question for you to ponder over:
Will there be a situation where interest rates continue to rise and yet a lower Dollar? Why?
Let me hear thoughts, I would love to exchange ideas with you.
Included last two videos link below, I explained:
i) Gold is still an inflation hedge
ii) Gold it is also a currency hedge
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
GOLD BULLISH SCENARIOXAU has broken the resistance level of the Falling Wedge pattern, which opens the instrument for a possible bullish movement.
If this scenario fulfills, the price might try to reach levels of around 1885.7, in the opposite scenario, the price might fall to 1825.
MACD indicator is confirming the bullish outlook with the histogram being above 0, while RSI is indecisive and is below the neutral line.
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GOLD BUY IDEAHaving analysed gold using Fib to calculate waves 2 and 4 i noticed wave 2 to never have completed a move to fib 0.5. hence i did expect wave 4 to also fall short of the 0.5 wave. Now Gold seems to have completed Wave 4 correction of wave 3 internal wave , using Elliot wave theory we should be growing from here to 1982 or 2022 to complete wave 5 of 3 internal wave. Wave 4 triangle corresponds with RSI. Comment below
GOLD BUY IDEAHaving analysed gold using Fib to calculate waves 2 and 4 i noticed wave 2 to never have completed a move to fib 0.5. hence i did expect wave 4 to also fall short of the 0.5 wave. Now Gold seems to have completed Wave 4 correction of wave 3 internal wave , using Elliot wave theory we should be growing from here to 1982 or 2022 to complete wave 5 of 3 internal wave. Comment below