DeGRAM | XAUUSD longGOLD is still trading in the support zone.
Price action does not show a clear trend indication.
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Goldforecast
GOLD possible sell zone!!GOLD currently creating a possible head & shoulder
on 4H timeframe on local resistance. It is likely that GOLD may go for another drop from this resistance
DeGRAM | GOLD shortGOLD retested a support zone at 1700, and double bottomed.
If price action pulls back to the resistance zone at 1730, then we can sell.
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Short term turnaround in $Gold #Xauusd Short term turnaround in Gold as we see today 18th July '22.
On the 3 HR chart, we notice a rare pattern which is identified as a Bullish TriStar formation.
At TriStar Trading, we suggest buying $Gold above $1715 with targets of $1794
And Below $1700 we expect $1680 & $1580
XAUUSD - GOLD CURRENT SITUATION#XAUUSD - #GOLD
- As we can see, GOLD is still going down since the last few days. The reason was that the US10Y was constantly strengthened by MARKET UPDATES. But as soon as there is an opportunity in the future, GOLD can be BUY as per the MARKET STRUCTURE. But yet there is no reason or incident to make GOLD MARKETS FUNDAMENTALLY UP yet.
- By now, GOLD must go to 1671 LEVEL. After that, the PRICE must go up at 1910, definitely a STRUCTURE BREAK
If one comes. Definitely follow the STRUCTURE we have given. CPI DATA further DOWN GOLD PRICE. Wait until the TREND LINE on the PRICE CHART BREAKS.
- Currently, US 10Y is slightly UP. Also, DXY is also slightly UP. For this reason, GOLD is going down now.
GOLD IS BEARISHWhy i think this trade is cool to try out.
1. Bearish Outside Bar spotted in H4
2. Bearish Triangle Spotted in 30m tf.
3. Market Current Hourly Trend = Bearish
Set SELL LIMIT ORDER at 1707.46 and
TP at any place of your choice
DeGRAM | GOLD longGOLD is approaching a major support zone.
We are expecting a false break of the support level since the market is oversold.
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Gold Double BottomThe near–term support is around $1700/1690, a breach below targets $1670/$1650—significant reversal only below $1600. The yellow metal faces minor resistance around $1740, any breach above will take it to the next level of $1750/$17800.
Gold trade below 21-EMAGold price lost more than $25 after US CPI data.
Technical:
The near–term support is around $1710/1700,
faces minor resistance around $1750,
XAUUSD Analysis - Gold Trade SetupsXAUUSD Analysis - Trade SetupS
1. Gold should fall to around 1680 level
2. Buy at approx 1680 and TP1 1750
Gold Sharply above 21-EMATechnical:
The near–term support is around $1707, a breach below targets $1700
The yellow metal faces minor resistance around $1745, any breach above will take it to the next level of $1780/$1800.
XAUUSD - GOLD CURRENT SITUATION#GOLD -
- As we can see, GOLD is still going down since the last few days. The reason was that the US10Y was constantly strengthened by MARKET UPDATES. But as soon as there is an opportunity in the future, GOLD can be BUY as per the MARKET STRUCTURE. But yet there is no reason or incident to make GOLD MARKETS FUNDAMENTALLY UP yet.
- By now, GOLD must go to 1671 LEVEL. After that, the PRICE must go up at 1910, definitely a STRUCTURE BREAK
If one comes. Definitely follow the STRUCTURE we have given. Before that, the GOLD PRICE can be UP on the TRENDLINE by today's CPI DATA until the 1789 LEVEL. Pay attention to that too.
- Currently, US 10Y is slightly UP. Also, DXY is also slightly UP. For this reason, GOLD is going down now. Anyway, everyone is waiting for US CPI DATA to come out today.
DeGRAM | GOLD longGOLD has created a compression channel with bullish divergence.
Price is coiling up and it may lead to breaking the channel.
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Gold Hold Above TrendlineGold price trading weak ahead of US CPI data. The yellow metal has shown a minor pullback on the short covering.
Technical:
The near–term support is around $1723
The yellow metal faces minor resistance around $1740
Long Gold (XAUUSD)With Gold consolidating within the 1724 area, we are exploring the possibility of an uptick in the Gold price and taking advantage of such a move, the same way and approach as what we did the last two times, banking on the increase in the price. The trading set up for today is as follows:
📈Gold Buy Now 1724
✅TP1: 1734
✅TP2: 1744
❌SL: 1714
DeGRAM | GOLD shortGOLD is still consolidating at a support level.
Usually, the range acts as support and resistance zones.
So if price action pulls back to resistance zone then we can sell.
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Gold: no sign of mean reversal at the mean timeWe have achieved our goal to 1753 from 1878. Further downside looks more likely than upside. Gold recently broke out of new 1hr timeframe uptrend having triple touch at the top of the trend which is likely to lead to the new trend expansion. Downside targets first at 1722 and second at 1670-80s. Gold need to trade above 1700 for hope back to 1878 to yearly high to be on the card. Failure to do so to limit upside potentials. Break below 1700
GOLD going up?As you can see fron the chart, Gold has targeterd the Asian Session liquidity on the downside and might go up to target the highs of the asian session which might target 1750 or maybe the 1760 level as there is some imbalance there as well. If you enter the trade , Move your stoplosses to break even as it targets the highs of the liquidity zone or might want to book the profit as well
DeGRAM | GOLD shortGOLD is forming a small range.
Price might go lower and test support level.
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Gold: Action! 🎬The plot is thickening! Gold has taken action and has jumped down into the lower green zone between $1737 and $1708. There, it should finish wave 3 in green before hopping into the upper green zone between $1761 and $1796 to complete wave 4 in green. Then, gold should resume the overarching descent until it has reached the orange zone between $1664 and $1529, where wave (4) in yellow should end and turn into new upwards movement.
GOLDit's 5 impulse waves to complete wave C of 4. There are two important lines (blue & orange) under the price and i show you important FIBO area.
DeGRAM | GOLD shortAfter the huge sell off, price action is creating some sort of range pattern.
We are looking for a simple trend continuation trade from support, which is acting as resistance now.
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GOLD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
