DeGRAM | XAUUSD shortGold is making lower lows and lower highs.
It is most likely going to test at a support level of 1800.
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Goldforecast
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.
GOLD possible selling zone!!GOLD is moving along this falling channel and it is likely to hit the resistance today.
there could be a selling opportunity once price action is formed rejection from the top.
On the test of daily 20EMA, we could see rejection.
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DeGRAM | GOLD shortGOLD moved to lower levels by creating a swing zone.
Price action is likely to test the support zone.
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Gold Local Resistance 21-EMAMarkets eye the final US GDP and Fed Chair Powell's speech for further direction.
Gold price continues to trade lower due to the strong US dollar and rising US treasury yields.
Technical:
The near–term support is around $1815,
Gold: can Chair Powell kill the boredom? Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I prefer their solo speech than joined. At the mean time gold is getting zoned out of 1819-14 for the fourth time which another rejection might not be good for sellers but we stay hopeful. Any move up to 1830 I resell with my risk management but my preferred mini upswing selling opportunity is 1832-34 zone that might be hard to reach due to the downside pressure. Targets now at 1810 with possible breakout to 1805-01. Gold upside still limited I'll see any move above 1838 as nothing but trend expansion. Gold is really fighting a good fight though that might reduce the downside risk.
XAUUSD Long opportunityHey traders, in this week we are monitoring XAUUSD for a buying opportunity around 1802 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
DeGRAM | XAUUSD shortGOLD is creating a triangle.
There is indecision in the market.
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Gold: upside looking more limitedGold traded in 1820s-40 yesterday still inside the the descending trendline. 1840s now likely knocked out of the game. With the new resistance being at 1830 first and 1832-34 next. Gold is still bearish biased any move up to 1832-34 I will cautiously resell if hold with target to previous low 1821 scalping term and 1816-12 long term with possible breakdown. Gold upside limit now likely down to 1838 for the time being. Break above 1838 will require wait and see. the zones you see are from lower timeframe that why it looks like that on 4h. Goodluck
DeGRAM | XAUUSD longXAUUSD tested the 1825 support level.
Price action is pushing higher, and the price may test resistance level 1850.
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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.
Gold:a move to 1838-41 a good selling opportunity Gold still trading in lower timeframe trend which shows 1841 slightly on the card. A visit to 1838-41will be a good selling opportunity I'll sell cautiously if hold with target to previous low 1816 long term with possible breakdown and target 1830 scalping term. Gold now likely limited to 1838-41 A break above 1842-44 likely to lead to M-formation on daily timeframe which will bring 1850s on the to-do list. 1838 is the resistance for now as long as there's no body close above with 1841 next in line. the blue path drawing show expected 4hrs trend action then the green represent upswing incase of possible daily timeframe M. Goodluck!
DeGRAM | XAUUSD shortGOLD is making lower lows.
If the price makes a false break of the level 1830, the price is more likely to fall.
We expect lower prices.
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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: ambitious dollar aims 1780-95I told u guys about USD considering daily engulfing candle which it did. Dollar cracking of 1823 zone that it have been rejected twice is a good sign for further decline. The next move for dollar should be turning the 1823 zone to resistance. Upside pressure still limited to 1842-44 which will be a good selling opportunity again if capped but 1830 and 38 will be serving as tough resistance ahead of 44. There are some lower timeframe trend that still have 1843 in trend which once broken will make it a hard place to retrace to though still in 4h which I think is for short time. I break below 1801 is need to keep move to 1870s hopeless which is down part of the yellow uptrend. The thick green triangular trend is daily timeframe but the moves on the others trends are more important for now. Gold targets for is breaking of 1813 05 and 01 which opens door for 1786-95 a moves to the down part of the blue trend seals deal to 1753-22
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
