Golddollar
GOLD Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 1818.00, beginning of downtrend is expected.
. We make sure when the support at 1660.25 breaks.
. If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 1802.55, 1779.25, 1765.05 and minimum to Major Support (1660.25) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.
GOLD Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 1818.00, beginning of downtrend is expected.
We make sure when the support at 1660.25 breaks.
If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 1802.55, 1779.25, 1765.05 and minimum to Major Support (1660.25) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 67.
XAUUSDEnter the dragon (Bruce Lee)! it's (dangerously) sexy, til it isn't'
Just sharing my view, not a trading call! GL :)
Gold Futures - New 7-Year HighGold Futures hit $1796 yesterday after pulling back. RSI is still bullish.
Looks like a U-TurnLooks like Gold (XauUsd) wants to reverse. It’s been in range trading for 49 trading days. I would look for short opportunities.
GOLD - XAUUSDWe will look at the logarithmic chart of gold starting from 1975.
We see the two cycles. I drew a line along the tops of these peak values and made a parallel one, thereby forming an upward trend channel.
If we talk about the Elliott Waves, then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis.
Now we're on the cusp of a real breakthrough and amid of the potential instability in the world, gold will be a protective asset. There are many fundamental factors for its growth.
On the other hand, if we talk about local movement, then we've broken through the resistance of triangle below and made the first wave up, after which there should be a correction - either in a small triangle or to the support line of the global channel, and after that, there'll be the strongest impulse of the third wave which will break 1900+.
In my analysis, I say that it's the global 5th uptrend wave and we'll see some updating of new highs over the next few years.
Best Regards EXCAVO.
Gold is going to fall?🧐Hello, friends!!! 👋🏻I’m very interested how spot market is doing without me🤣🤣🤣
Link on a good view 👉🏻👉🏻
I suspect, that the price of gold should drop a little and I suggest you put buy orders at different levels in order to manage to buy at the best price.💪🏻
😚Dear, I try very hard to be useful and helpful for you.😘 I really appreciate each of you!!!
Thanks for supporting and feedback, that you give me💋🧡
I'm always in touch with You💓💓🧡
Your Rocket Bomb 🚀💣
My previous ideas👇🏻👇🏻👇🏻
Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1703.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 1664.75
TP2= @ 1641.00
TP3= @ 1624.80
TP4= @ 1588.45
TP5= @ 1565.40
SL: Break Above R2
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Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1703.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 1664.75
TP2= @ 1641.00
TP3= @ 1624.80
TP4= @ 1588.45
TP5= @ 1565.40
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Drop price inside the channel is possible 👇🏻Welcome, guys.💓 Are You interested in gold?🧐 Let's take a look at the daily chart! ⌛
👉🏻We can see, that the price is moving in uscending channel.
🔥 In the near future, we can observe a price drop inside the channel to the level of 1650 - 1600. 🔥
❗Do you think, that gold can break through this channel and go down👇🏻?
Share your vision and plans in the comments✍🏻
Stay with me💋
Your Rocket Bomb🚀💣
XAUUSDAnd on the 7th day; gold said to ...: ... Rescue me lol
Just sharing my view, not a trading Call.. GL
Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 27.
Take Profits:
TP1= @ 1711.43
TP2= @ 1691.60
TP3= @ 1670.30
SL: Break Above R2
Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 27.
Take Profits:
TP1= @ 1711.43
TP2= @ 1691.60
TP3= @ 1670.30
SL: Break Above R2
Gold conquers new highs🚀🚀 Ok, guys!😱 Gold just flew away 🚀🚀🚀
Haven't seen such moves for a long time😉
Maybe this is eternal growth?🤣🤣🤣Just kidding))))
Do you think the price will go up to 1800 or not ?🤔
I think, that it will come 💪🏻
That's very interesting to watch such movements!😊
✍🏻 How are you doing with gold? Waiting for you in a comments)
Stay with me💋
Your Rocket Bomb🚀💣
GOLD BUY H4Entered a Gold position today . Here is my outlook.
First Target : 1749$
second Target : 1797$
Please check the comments , I will update this .
Thanks
