Gold Bullish PotentialABCD Bullish Reversal Pattern
Price reacts on Monthly support and makes Bullish Engulfing Candle
Goldforecast
Gold Price Action 5-DMA and 200-EMA WGold near term resistance 21-EMA and 1750
Gold price took support near 200- W EMA
and daily 5-DMA support
The yellow metal faces minor resistance around $1750,
DeGRAM | XAUUSD longGold is making higher highs and it closed above the resistance zone at 1725.
We expect the market to move higher levels.
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GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
Hey traders,
Gold finally reached a lower boundary of a major horizontal weekly trading range.
As I predicted, the market bounced nicely from that.
On focus is a falling parallel channel on a daily time frame now.
While the market stays within that gold remains bearish.
I would suggest waiting for its bullish breakout as a trigger for buying again.
For now, be patient and let the market trade within the channel.
Good luck next week!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DeGRAM | GOLD potential shortGOLD price surged and it's approaching the zone.
There is a confluent level at 1725.
We can short it from that if we get a signal.
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XAUUSD key reversal bar dictation for correction 176021st july daily key reversal bar made a new low closed on the high. 1694 demand zone for long target 1760 with stop loss 1675( below key reversal bar low).
GOLD possible buy zone?Gold has primarily been rejected from this monthly
support zone and may reverse to test the previous support as resistance.
if we see a possible inverted head & shoulder,
we are looking to buy gold!
DeGRAM | GOLD longGOLD broke the support level and went down.
Price action is approaching a major support level at 1678.
Price might go up from that level.
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GOLDI show you important lines and areas, the orang line is really important and this is the same as 1.786 FIBO extension. This area can return trend to up or can push it to next important area.
Gold: unyielding gold loyal to dollarI told u guys about gold having trend in trend in 1htf in previous post and what is likely to play and we've only broken down from orange uptrend and now trying to head down to the down part of the yellow trend. The market pulled out of 1695 zone which I put as the first target. If the zone is to be crossed 1670s will be next down followed by 1660s. If the 1680-95 zones is crossed 1670s and 60s will be a nice place to try a buy to keep opportunity if hold. Decline to 1640s can still be on the card for the Bears.
DeGRAM | GOLD longGOLD is consolidating between 1703 and 1721.
We expect further consolidation until we see a clear trend indication.
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Xauusd gold 30 min forecastHi guys.
This is a forecasr of gold. we should wait for a buy trigger in that order block. 1703.3
the tp is 1726
good luck
DeGRAM | XAUUSD longGOLD is still trading in the support zone.
Price action does not show a clear trend indication.
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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.
