GOLD - paranormal level (buy)The level is built on a paranormal candle.
Accumulation under the level of 4 days.
Pressure on the level.
Stop Loss players are above the level.
At the expense of stop loss we will grow.
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In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
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Goldbuy
Opportunity - Gold 30 Min - SETUP+ 2 times same support with a little noise
+ Few times trend line touch
= Trend line gets weaker and is searching for the structure zone.
New Gold Update And 2 Entries Here 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
Either way we still see the gold price getting back over $2,000.Gold seems to be struggling to grab hold of the bullish momentum, either way we still see the gold price getting back over $2,000 – perhaps sooner rather than later – and then gradually rising to new heights. But for imediate price action heading into the early stages of next week its likely that we will see a small drop back into the immediate support and if not lower on the hourly.
Somewhat mixed and dated NA data did not prompt much initial market reaction, and bonds remain pretty ambivalent or even nonchalant as they continue to trade either side of parity with little common cause into month end. However, the Buck has taken some heed of the decidedly less risk averse environment as the DXY retreats further from yesterday’s 94.000+ highs to 93.650 to the benefit of the Euro and other major rivals, plus Gold that touched its 100 DMA. Ahead, Chicago PMI should be more interesting than final Michigan sentiment, but how Wall Street responds to after hours tech earnings will likely be more compelling along with the final position refinements for the last trading day of October.
Gold Investor Trend lineGold made all time high in 2011 after 2007 financial crisis. How just one trend line predicted current bull mark with two buying opportunities.
Trend lines are the most popular technical analysis strategy among trader and investor. Since investor invest for long term, weekly chart is their favorite where all investor's consensus see clear about price
Gold Opportunity Setup
DXY searching to break the support.
Gold waits for confirmation on weekly res.
Touch the wave structure after confirmation.
Gold is undecided. Hold it for a bit to get clear direction.Based on current structure of Gold price, it is clear that this week or two will decide it's direction for coming months. To me, the direction will be clear only when I see daily price closing in or above/below the rectangles marked on the chart.
If it goes down, more likely it will try to rebound around 1800. If it breaks out will see resistance around 2000.
If I am really impatient, I would think going long might offer better risk to reward than shorting it but wouldn't call yet a high probability trade.
GOLD Ready to BLOW UP !Gold is ready to skyrocket higher, at least to test next major resistance. I expect to go down and re-test the next short term support before finding buyers to take price higher. Stop loss would be below the recent false break, showing serious bearish pressure at the 50% FIbo Level.
XAUUSD DAILY !!XAUUSD is on a key area, there was a break of a big daily support, then another break took place, of a smaller resistance which was to draw, This last to break with force, a pullback it is also being created, I am waiting for a good buy configuration with good volumes to take a position, gold is not for sale at the moment!
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Gold getting ready for the next rally#XAUUSD:
(1D):
We still have a strong bullish trend in place. Recently we saw the break and retest of the continuation pattern here above. Given these technicals and the overall fundamental uncertainty across the globe, my bullish bias remains unchanged.
(4H):
A better view of bulls gaining strenght is given by the ascending channel formed on the 4H, with price currently at the lower border, preparing the next rally.
(1H):
This is confirmed on the lower timeframe, as we can notice that buyers are making higher highs but sellers are not able to push the price, making equal highs. What we want to see, is a break and retest of the ascending channel. This would give us a nice buy signal
GOLD - DAY TRADE VIEWGOLD - As per the price action, trend lines , & technical indicators gold is expected to go up from the current price.
My approach will be a buy here at current price 1896
Maintain stop loss around 1882
Potential downside target 1906 - 1911
Trade as per your risk appetite, I will be glad to see your likes & comment.
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Gold 100 pips Buy Breakdown 1890-1900Gold had formed a clear support during London Session on the 30m and 1h timeframes. We had strong bullish momentum so my bias was bullish in the short term. I then switched down to the 15m timeframe to look for a good entry to minimise drawdown.
When a bullish 15m candle closed starting from support, I waited for the next candle to form bullish and my final confirmation was that it broke the high of the previous bullish 15m candle. Then I entered the trade.
My stops were below the 15m wick rejections and my two targets were 1897 and 1900.
Both targets were smashed within a few hours with very minimal drawdown.
If any candle from 15m upwards closed below support, I would have closed my positions as it was invalidate the setup.