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Goldforecast

Gold (XAUUSD): Bearish Outlook For Next Week Explained 🟡 An important thing happened on Gold this week. After a strong bearish movement, the price reached a major rising trend line. The price was coiling on that since Monday. On Thursday, it was broken, though. The price closed below that, forming a bearish engulfing candle. I believe that the market may keep falling next week. Next support on focus is 1817 - 1833 area. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
9
GOLD possible sell zone!Currency Pair : GOLD Possible direction : Bearish Technical Analysis : GOLD on the 4H timeframe is forming a possible head & shoulder with a dynamic resistance. As there is a monthly close tomorrow, after an over extension on the monthly highly likely GOLD will continue to drop for a deeper retracement. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
1
The value of gold appears to be trending towards $2500The gold market appears to have entered the initial stage of a new, major impulsive wave, identified as the third in a sequence of such patterns. This cyclical trend can be traced back to 1832, with the completion of the first wave in 1980. The corrective wave 2 concluded in 1999, and the first impulsive wave of the current third wave began in 2001. In my analysis, it can be considered as the third impulsive wave in a larger impulsive wave 3 within another impulsive wave 3 of a higher degree. Fibonacci resistance levels of note include: — $2075 — $2553 — $3412 — $4642 — $4791 — $5953 — $7635 — $10682
TVC:GOLDLong
by joerivdpol
8