XAUUSD Testing Cloud Base GOLD Symmetrical Triangle Pattern
Yesterday 200-MA Rejected breakout and 1833.5 local support
21-EMA Struggle if break below 21-EMA next eyes 1810
Goldforecast
GOLDI had ideas in the previous analysis. If the black line breaks down, it can be wave C of big triangle and can touch bottom line, on the other hand if it breaks up the dark blue line it can touch previous top.
Gold: Dollar considering a daily bearish engulfing candle I told u guys yesterday about a possible upswing ahead of Chair Powell. Which happened earlier today. Which clearly created M( or partial M cos of. The delay before formation) and trend retest on my 4h FXCM xauusd which I stopped uploading because of the complaint of the roughness. Gold still trading at the upswing zone with 1842-44 standing for the bears and 1834 standing for bulls. A firm resistance at 1834 won't be good for USD because it might send gold higher but I don't see gold going higher than 1847-53 near term any higher above 1853 will be out of hand. For now 1842-44 is a good selling opportunity to previous low 1823 where the pair next decision is likely to be made. Gold is already signalling a reversal signal on lower timeframe but very choppy. DXY likely to trade in green today after forming a mini triple tap with no trace of trend and retest of previous zone breakout same time which I see as a good trigger though sometimes gold don't give a shit. Dollar likely to outperform today amid DXY outlook but that's the worst market i can count on cos it is full of wonders
DeGRAM | XAUUSD shortAs we predicted, gold went down in yesterday's session.
Price is accelerating and will most likely test the 1815–1810 support zone.
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Gold: most fingers points downI told you guys about gold creating new trendline to limit upside pressure earlier and about 1878-80s being ruled out and same with 1850s, now 1840s is now looking evicted gradually. the upswing on the red path drawing likely to be gold last limit up for the time being. These are 2 things gold don't want to happen on journey down to 1753. 1. A triple rejection at 1805 zone 2. A firm resistant at the down part of the blue uptrend which will still keep the hope to 1880-1900 alive. Once those zones down there are cleared come 1790s that the blue trend down part which once broken bring 1753 on the card and then 1720s.
GOLD possible sell zone!!After daily double Doji and GAP opening, GOLD is primarily creating bearish price action and there is a possibility to drop to the daily support level soon!!
Possible upswing ahead of Chair PowellGold is going triangular trend pattern on multiple timeframe. Here is my view. If gold reject firmly at the blue zone that might trigger a triple tap reaction ahead of Chair Powell speech. For the time being the purple zone look like the limit for the bull. Generally Dollar still have upper hand. As you can see less hurdle at the downside for the bear break below the blue zone will be a smooth trip.
DeGRAM | GOLD shortGOLD price tested 1835 level multiple times.
Those kinds of levels that are tested multiple times tend to break easily.
There is an indecision in the market.
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XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightlyD DOWN to 3.28% LEVEL. Like we said before, it's been a bit of a CORRECTION in the last few days. But now the us10y is up fast. We can see that the POSITIVE SENTIMENT for USD ECONOMIC DATA is also very POSITIVE for DXY.
- The GOLD PRICE is currently moving slightly below the DYNAMIC S / R LEVELS. Most likely the SHORT TERM will be slightly UP ahead of the GOLD PRICE. GOLD SHORT TERM has a UP SIDE BIAS but may be more DOWN under the influence of DOLLAR in the future. this time gold will up.
- GOLD PRICE can be UP again to 1910 LEVEL. A
- However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
GOLD top-down analysis, UPDATEDHello 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.
DeGRAM | GOLD longXAUUSD is creating a bullish flag pattern.
Possibly it will break the flag and go up to test 1850.
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GOLD Trading Idea & Buy SetupLast week, we were Selling gold and made 180 pips almost. Gold closed above 1840.
Technical Analysis:
Gold repeats its cycles. We saw that 1828-1833 worked as a strong supporting level for gold for last few days and also for last few months. Gold got rejected from this level many times and 1856-1861 worked as a very strong resistance level for gold. Several times gold bounced back from this resistance level.
Fundamental Analysis: From Last week's Tuesday, Gold is trying to make a bullish setup. Fed increased interest rate which made a massive movement of gold but could not break the resistance level and came back towards the nearest support. Normally, the trend changes by news and the major news was in the last week but the gold did not break any support or resistance level.
Opinion:
my personal trade is like the make a instant buy after the market open with a stop loss in the nearest support and take profit in the nearest resistance.
DeGRAM | GOLD longGOLD moved up and created a swing zone.
It is currently testing at the major level of $1850.
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XAUUSD 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.
Gold Breakout 200-DMAGold regained above $1850 on the weak US dollar.
Technical:
The near–term support is around $1835
The yellow metal faces strong resistance of $1860
DeGRAM | GOLD longGOLD went up as we predicted yesterday.
There is indecision in the market right now. A price can go up or down.
But, considering bullish green candles, the market is likely to go higher.
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Gold Tested 200-DMA Big ZoneGold price reacted positively despite hawkish Fed monetary policy.
Technical:
The near–term support is around $1800,
The yellow metal faces strong resistance of $1850,
gold futures may test $1770gold may not be a hedge against inflation.
soaring oil price , inflation will not support gold prices
expect $1770 before June and consolidate before a major down trend
Gold 5-MA Edges aboveGold price fell drastically on board-based US dollar buying.
Technical:
The near–term support is around $1800,
The yellow metal faces strong resistance of $1837
DeGRAM | GOLD shortGold is flowing through the channel.
It bounced off the support level and pulled back.
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Gold: Heave ho!Gold had finally hauled itself up a bit higher into the orange zone between $1868 and $1919 only to drop back out. However, we expect it to gather all its strength to make it into the orange zone again and subsequently towards the resistance line at $1921, where it should finish wave b in orange. Then, gold should fall below the support at $1830 and continue the descent into the turquoise zone between $1660 and $1525, where it should complete wave C in turquoise and with it the overarching downwards movement. There is a 40% chance that gold could be strong enough to rise even higher into the red zone between $1919 and $2003 before turning downwards and heading for the turquoise zone.
GOLD TO 1812!!!Due to the rise high of USD, fibonnacci wise expecting Gold to fall between the region og 1856 and 1863 to support my interval evel. Looking out for a sell of to $1812.5 with a possible rejection at $1825. Gold received orders for SEll before the opening of this weeks market as a result pf last week's ending.
NB: REd Box; Rejection Zone
Blue Box: Breakout Zone
Yellow Box: Supply Zone
