What to Expect From Gold on Monday? 🟡
Gold is trading in a wide horizontal trading range on 4H time frame.
After the test of the upper boundary of the range, the market dropped sharply
following the NFP release.
I believe that the market will most likely keep falling to the support of the range.
Next goal for sellers - 1939.
Consider an occasional pullback for safe entries.
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Goldforecast
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD possible buy zone!!Instrument : GOLD
Possible direction : Bullish
Multiple-timeframe Analysis : Daily middle man formation has given high probability for the price to climb up as we have seen strong liquidity grab from daily support.
Weekly : Price had bounce from weekly support level with strong liquidity grab.
Monthly: On the monthly close price had a bounce from support we could see possible rise to resistance.
15Minutes : Price has just grabbed liquidity from daily support and likely to rise up to the daily resistance/ liquidity zone.
A buy trade is high probable from the support level.
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XAUUSD 31May2023in this analysis I believe that the correction wave in gold that occurred is a complex correction. with the addition of 2 trendlines that I marked, and the current price seems to have broken 1 trendline, there is a strong possibility of a reversal for the medium term. as long as the price does not fall more than the invalid area, it can look for opportunities to go long.
GOLD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD - Long from discount zone ✅Hello traders!
‼️ This is my perspective on XAUUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental analysis: Next week on Friday we have news on USD, will be released monthly NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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Gold 4hr TF Gold presents a few Confluences for long positions upon retesting the decline trend line. My expectation is that gold will touch 2003.99 twice, which is where I plan to add another position.
Regarding GDX "Gold miners," the fact that it only closed down -0.81% while gold closed -1.66% suggests that gold's sell-off will likely be brief, and the market should begin to turn bullish.
Silver is currently reacting and retesting the upper band of the pattern, and I anticipate a bullish swing in the near future.
I believe that once the Dow Jones breaks 12750 and an incline trend line from October 2021, gold will move into a bullish phase.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Top-down analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold is bearish, as expected
I must try to do my best in the face of adversity. I've found that if I do this, things tend to get better quickly; conversely, if I try to run away or try to push the problem away, I get more and more anxious and it gets worse.
Yesterday the gold market was in range order. The market opened at 1977.4 in the morning. After the market opened at 1982.6, the market fluctuated and fell back. The weekly line reached the lowest position at 1968.6 and then the market consolidated. The daily line finally closed at 1971.6. The market closes with a small Yin line with an upper shadow line slightly longer than the lower shadow line, and after this form ends, today's market continues the range, at the point, the bottom 1616 is more than 1667 and 1670, and 1732 and 1730 are more There is also a stop loss follow-up near 1885 held at 1925. Today's market is 1978 short, conservative, 1980 short, stop loss, 1983, target 1968, and if it falls below 1962 and 1958, it is more prepared to leave the market.
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XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.