GOLD possible long for 1830Demand zone 1882-1775, stop loss below 1775, if zone fails to hold the price then next extreme demand zone 1755. target: 1830
Goldforecast
XAUUSD top-down analysis, UPDATED!!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, Ready for another SHOOT...?Gold is trapped in symmetric channel since
2020 and we can expect something more of
bullish movement by end of this year as well
as lots of fundamentals like Recession,
Geopolitical scenarios are surely gonna cause
huge impact which eventually boost Gold price
up.
Gold tried to break 1804 MWD rejection zone
but thanks to NFP we saw some consolidations as
well as reversals.
Now 1804 acting as supply zone and we might be
having some corrections before shooting up.
Gold (XAUUSD): Important Resistance Ahead 🟡
Hey traders,
Bullish run on Gold continues.
This week was very bullish again.
Ahead, I see a significant structure.
1790 - 1810 is a weekly supply area from where I will expect a pullback.
Next week, monitor the reaction of the price to the underlined zone on lower time frames and wait for a confirmation to sell.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD top-down analysis, UPDATED!!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.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE.
But since RETAIL SALES was POSITIVE the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being ON. Therefore, USD WEAKNESS is seen today.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, since US10Y is going up with RETAIL SALES UP, GOLD is going down quite a bit right now. Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1783 level with the FOMC UPDATE. Be careful.. gold
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.
Gold Next Target is 1830 ? Gold Analysis Thursday 1st December
Wednesday performance: Gold opened at $1748, made low at $1745 and high at $1770. Gold closed at $1769, $21 higher than Tuesday's closing.
Today gold opened at $1769. Support is at $1760 and Resistance is at $1790. Trend is positive and volatile.
Fundamental events according to Pakistan Time.
01:55PM-02:45PM, German and Britain Final manufacturing PMI
06:30 PM, US CORE PCE Price index, Unemployment claims, Personal Income, and Personal spending.
07:30 PM, US Fomc member speech
07:45 PM, US Final manufacturing PMI
08:00 PM, US ISM manufacturing PMI
XAUUSD Short in short termUnfortunately I published it so late! I think there might be another touch.
As you can see there are enough reasons to sort in 4H chart.
in 15 min chart we see a great bearish move and short-term bearish trend confirmed after breaking the 15min short-term support.
XAUUSD possible next move!!! 30/11/2022I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I will open my short positions again around 1760-1763 which is the previous high. My target is still the same which is 1722. Therefore, we will have higher RR with this strategy.
*Don't forget to do RR and adjust your stop loss
**Not a financial advice
Best wishes,
sillyFACE
XAUUSD next possible move!!! 29/11/2022The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately 6 RR.
*Don't forget to do MM and also adjust your stop loss
**Not a financial advice
Best wishes,
sillyFACE
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.
XAUUSD next possible move!!! 28/11/2022According to my previous analysis, the graph significantly shows that it is zigzag correction as expected due to the fact that wave "blue B" retraced only 0.618 of wave "blue A". Therefore, the next possible move of the gold price is the movement from wave "blue B" to wave "blue C". In my opinion, wave 1 in blue B --> blue C has already ended, so now we are waiting for wave 2 in blue B --> blue C. Personally, my target price to start opening my short positions is around the grey box area which is from 0.382 to 0.618 fibonacci level of wave 1 in blue B --> blue C. My target price is still the same as my previous analysis which is around 1722.
*Don't forget to do MM and also adjust your stop loss!!
**Not a financial advice
Best wishes,
sillyFACE
Trading Reason: of Buy Gold by Strategy & Stats AnalysisTrading Reason: of Buy Gold by Strategy & Stats Analysis
Base on Fundamental: to Theme Investing change.
TVC:GOLD
- *Big Bank of worldwide: Net Buying gold at $1650 price support. Long Term => Positive of Gold
- *FED Meeting by J. Bullard : Dovish step Interest 0.50% to hit to 5.0%. Short Term => Positive of Gold
- *Regression Economic because high Interest rate: 5.0 % make to high cost push of market. Long Term => Positive of Gold
- China lockdown etc. Short Term => Positive of Gold
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.
20 REASON FOR SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: h4
2 target time frame: h4
3 Current Move: impulse for h1
4 Entry Time Frame: h1
4.1 Entry TF Structure: bear
4.2 entry move: wait until 1752 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB: trigger event Ok
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: higher low 1752, reversal start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways
11 Volatility measure Bollinger bands: Squeez break out /head-fake/walking band 3 signals
13 Sentiment ROC: weaker than USD
14 final comment: sell right now
15 : decision: sell
16 Entry: 1752
17 Stop losel: 1758
18 Take profit: 1730
19 Risk to reward Ratio:1:6
Excepted Duration: 2 days
GOLD BUYCHART PATTERN + VOLUME PROFILE
on my prediction Gold will go up after breakout of flag pattern
Gold Today Possible Targets Gold Analysis Friday 25 November
Gold performance Thursday: Gold opened at $1752, made a high at $1758, and closed at $1754.
Today gold opened at $1759. Support is at $1745 and Resistance is at $1775. Trend is positive.
No Important Fundamental data today regarding US.
Gold technical analysis: Bull flag pattern pointing to 1,880? The release of the November FOMC minutes, which were more dovish than anticipated since a large majority of Fed officials judged that a decrease in the pace of the fed funds rate increase would likely be appropriate soon, sent gold prices surging beyond $1,750/oz once again.
The early stages of the formation of a bull flag pattern can be seen on the gold 4-hour chart. This pattern may be read as the continuation of the November price action and may provide an entry point for a near-term rally extension.
A bull flag pattern is defined by a pole where prices surge first, followed by a horizontal or downward-sloping flag of consolidation, and then a large increase in the upward direction equivalent to the size of the initial pole.
In the case of gold, the first pole begun with the triple bottom that occurred in early November at $1,616/oz, followed by a two-week rebound to the $1,788/oz resistance, where sellers reemerged as prices hit the 38.2% Fibonacci level of the 2022 high-low range.
Gold prices then formed a downward-sloping flag and consolidated in a descending channel until November 23, when the flag channel was breached.
With the second pole already starting to take shape, the technical picture may portray a rise to $1,880/oz if the second pole matches the scale of the first pole.
The relative strength index (RSI) rebounded from very oversold levels, while the moving average convergence/divergence (MACD) indicator completed a bullish crossover below the zero line. These were also positive development.
If this price extension to $1,880/oz materialises, it will signal a significant development for the gold uptrend since the 50% Fibonacci level will be surpassed.
gold looking bearish target 1730today gold move very nice in upword direction and hit 1758$. now i can see gold going to retest 1730$ according to H & S pattern. now trade with risk management on gold pair. please like the idea and share it with friends.
XAUUSD top-down analysis, UPDATED!!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 Analysis Gold Analysis Thursday 24 November
Today gold opened at $1754. Support is at $1740 and Resistance is at $1770. Gold prediction yesterday was perfect. As we told you gold can go up we didn't say gold up or down ... We clearly mentioned gold can go bullish according to my analysis. And you see we gain 200 pips after this prediction.
Gold volume is low because US holiday & open interest is increased so again we can see bullish move because open interest is increasing in rising market.
Fundamental events according to Pakistan time.
05:30 PM, Europe Monetary Policy
In US there is a bank holiday therefore volume will be low.
20 REASON FOR SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: Day 1 bullish
2 target time frame: Weekly
3 Current Move: impulse for day 1
4 Entry Time Frame: daily
4.1 Entry TF Structure: bullish
4.2 entry move: wait until 1765 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB:
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: Pole and flag till 1765, then reversal move can start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways to bull but only till 1765 extreme target
11 Volatility measure Bollinger bands: possible m pattern or volatility divergence at 1765, and we know well about it its also a reversal sign
13 Sentiment ROC: weaker than USD
14 final comment: wait till 1765, then sell for positional entry
15 : decision: wait
16 Entry: 1765
17 Stop losel: 1785
18 Take profit: 1580
19 Risk to reward Ratio:1:8
Excepted Duration: 2 months
