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Goldbuy

GOLD-BUY strategyAs I had discussed yesterday, GOLD had potential to move towards $ 1,930-1,950 window, and we even managed lower. One can clearly observe the market of being in a "tag of war", the dragging upwards and downwards in a larger magnitude. This shows the unclear picture that people have of the whole situation. technically, we should see GOLD hold a bit. We have moved from highs $ 2,070 to $ 1,910 area and this is a too steep decline, similarly when we moved upwards from $ 1,880 before. The strategy is therefore to BUY into weakness. Strategy BUY current $ 1,910-1,930 window and place profit order @ 2,035 for now. We will add on weakness further, maybe @ 1,880-1,885 again. No stop-loss I will use, but am not advocating that you should not. If you do place the stop below $ 1,850 for now.
TVC:GOLDLong
by peterbokma
3
GOLD to new All Time Highs.. Are we looking at GOLD about to turn into new all time highs. The last 2 sharp retracements have been 100 points into the 50-61.8% area from the previous rise. If the market repeats then 2163 is the upside target or 2134 is the 1.618% extension from this retracement. Another option is a rally into 2020 then another leg lower to 1920 before the next run up. The AI for the day has the GOLD rallying into tomorrow, another piece to add to the puzzle. Plenty to watch in this market and the constant news events making it jump around so dont forget to use stops. I hope this helps.. Enjoy the trade. 👍👍
OANDA:XAUUSDLong
by L_F
Gold daily analysis 02-03-2022Gold is able to breakout the strong resistance near 1926. So this is the support now. Gold also tested the 78 % retracement level near 1950 and pulled back near 1935 which is 61 % level. As of now gold is ranging between 1930-1950. Gold is still bullish so go only for buy. The best level to buy is 1926. However on daily chart the volume is falling from 4 days and price is increasing. So there will be a reversal soon. This may happen when gold tests the level near 1970. So we can go for a short trade above 1950 for long term. Scalp trade Buy 1926-1936 TP 1950 SL 1920 Sell 1950-1960 TP 1928 SL 1980
OANDA:XAUUSDLong
by boyinjungle
1