Who else is in gold longs? 📈🙌We all love a gold trade.
Our script working on a 30M strategy says it's time for a long.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
Goldbuy
Gold Getttng Stronger
You cannot eat Gold, you cannot drink Gold, but you can buy Gold, you can wear gold, you can show off gold, and give to your kids when u die, that's why Gold is here...
i just like to post about Gold Market sometimes because it's slow and boring, normaly when economy goes down, Gold goes up. We are in that perfect case of "Safe Heaven".
Trading parts is interesting :
- So as you can see Gold Reached 2100ish got rejected and pushed back down around 1700ish
- Gold TA is different than cryptos cuz of old market and some Pro Traders instutionals playing with big money, the pull back was exactly 38.2 Fibo Retracement ( or 61.8 it's same ).
- Gold is cloturing May with a strong green candle.
- Next Month Candle will be very interesting to look at, if we get one more month of Green it could confirm a strong bullish market and eventually a break down in Economy.
- if the timeline is respected we could see Gold Reach 2300-2500$ before the end of 2022.
i will post some older Gold Analyses following this chart. Feel free to comment!
Happy Tr4Ding !
GOLD to 1960 soon ????Gold is still holding a very strong bullish structure . creating higher highs lower lows.
A break and retest of the last resistance would be good to buy with larget 1960.
First week of june can be a retracement to grab liquidity and after to form another monthly bullish candel with wick in downside.
If trend is bullish i will look only for buy opportunities , trend is your friend
[GLD W1 Jun 2021]GOLD
Long Setup
Continuation trade:
👉🏻 As mentioned in my very first post here on this very bull run, price is just making series of HH and HL. We are in the middle of a Wave-3 here, which is endlessly impulsive. 2.618% level has been broken, next target is of course 3.618% with a resistance in play also at the very same level of $1965.
🤤 Members have entered last week with a very good entry, running around 0.5R now. Entry was well below 1900 ;)
Trendline was broken-Bullish scenario GOLD
The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull
.50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side
trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the bull. The upper side target
would be 1960.00 and the extended target was 2074.00 which is ATH. 1960.00 was this year high.
GOLD FUTURES (MCX) :: BULLISHDATE: 23/5/2021
INSTRUMENT: GOLD MCX
TREND: BUY
TIME FRAME: DAY
CMP: 48404
BUY ABOVE: 48875
STOP LOSS: 48117
TGT 01: 49699
TGT 02: 49973
TGT 03: 50319
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
XAUUSD Smart money will not buy itHi there,
We are completing last bull trap on Gold downtrend cycle, after this last push on the upside, get ready for gold to have 3 months of downtrend again, as the Monthly timeframe is showing us that
Im not interested in buying gold, waiting for clear entries now for the downside.
GOLD - Bullish Opportunities !GOLD - Bullish Opportunities !
Welcome to our Trade Setups - May 19th ( GOLD ) !
BUY GOLD
ENTRY LEVEL @ 1884.01
SL @ 1822.60
TP @ 2072.90
Max Risk: 1% - 3%!
Risk/Reward Ratio: 3.08
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Have a great week everyone!
Gold next stepsI can see gold following through from my idea in April.
As there keeps being news on the USD strenghtening and weakening will determine where gold goes next.
strenght of the USD may see gold to continue following through the trend and fall.
A weakening USD may see gold go back up to the current resistance causing a break in the trend.
Personally I have entered sells with a SL of 1950
Tp - 1600
But let see what happens.
What do you think?
BUY XAUUSDGood morning everyone, I wish you'll doing well, as you can see we have this Golden point on XAUUSD which gives us a good signal that the market is going long, moreover our SPRING BOX which gave us the signal before the GOLDEN POINT. Buy XAUUSD and enjoy your day.
( For TP and SL put them on your own, i don't use them because i follow my strategy and it gives me the exact point to close, which allows me to get a high profit than what i will get if i use them)
GOLD W2 May 2021GOLD
Long Setup
Continuation trade:
👉🏻 Price broke the 1.618% Fib extension, next level will be the 2.618, if breaks further, 3.618 is the following target. We are in a bullish impulsive phase, forming HH and HL since the double bottom formed in the month of March'21.
Gold Investement/Trade Idea LongTechnical Side of the Idea :
The weekly chart highlights the significant corrective phase that gold has been in since peaking in August of last year, with price grinding just over 19% lower to test the 0.61 for the first time since May of 2019.
This downhill slog however, still doesn’t seem to be a change in the overall bullish trend seen over the last three years, as prices carve out a possible Bull Flag continuation pattern.
Zooming into the daily chart reinforces the bullish outlook depicted on the weekly timeframe, as prices validates the topside break of a Double Bottom reversal pattern. But i would Liek to see another Buttom To Confrim the Upside Move . Please Note : The price can Move directly Too or Retrace to 1707 First . Have an Eye on it . if The price Made a Third Buttom we are going to Visit 3700$ Easy In the next 3 Years .
Fundamental Analysis :
A Classic Eearly Sign of a commodity Cycle , Mining Industry Nonfram Payrolls near Historical lows , This Happend in Early 1970,2000s , Both Marked the onset of a commodities Bull Market , Normally Labor and capital constraints are the amplifiers of Bull Market in Resource Stocks ,On The Other side We saw that house prices went down during the global financial crisis, and the stock market had significant losses. We see the opposite happening now, and it is not a surprise that people think there is a bubble because it doesn´t make sense. The fundamentals of most companies in the S&P 500 did not improve because of the COVID-19 crisis, but still, their value went up. The fundamentals for Gold might have improved, but the increase in value is unprecedented.
Remember the definition of inflation; inflation reflects a reduction in the purchasing power per unit of money. What we see is hyperinflation. It is not the increase in worth of S&P 500 companies, houses, ect, but is the loss of value of our dollars and euros that we are seeing. This is the result of the almost unlimited printing of dollars and euros. Our dollars and euros are losing value rapidly, it doesn´t show in your groceries, but it shows in other things this time. There is no bubble; there is hyperinflation.
If you have Any Questions don't Hesitate to Comment or Contact me .
S.Sadki
XAUUSD Hit All Targets 420 Pips And New Long Setup Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions