Goldfutures
Gold XAUUSD - Falling wedge, new all time highGold is extremely bullish on a monthly scale. We can see this falling wedge pattern, for some traders, it also can be some kind of bull flag. I think there will be one more push to the downside, to take out stop losses and high leverage longs before continuation to new all time highs.
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Gold Future Analysis - Commodities - Gold Technical AnalysisBased on Technical analysis The idea is to go long as per major bullish trend only if the 1850 USD support level will not be broken in the next two/three market days; vice versa, if the support will be broken, there might be an opportunity to go short
GC1
GC2
Right direction 🏆Coming down...
Gold takes another dive and confirms our turnaround zone. The purple trendline is broken, which sends a positive signal for further downwards pressure. However, there is another hurdle coming up. We are talking about the $1908 area where support is to be expected. Nevertheless, the bears should be able to bring prices down to roundabout $1860. In this case, the time factor also plays a key role. We consider the current movement to be a wave 3. So the longer it takes for the bears to break the support at $1908, the less likely the wave 3 in green becomes, as it will lack the impulsiveness typical for this type of wave. All in all, we are moving in the right direction, and our turnaround zone is confirmed. The next big step are prices below $1908.
Is the next stop in the area $1860? What do you think?
GC1 Gold Futures (Buy Signal)Probability: 80%
Read Carefully
The market will keep going up
Take profit & Stop loss: montioned on the chart
If the Green Candle Cut the TP line with Force => use the Yellow line as a Resistance + New Take Profit 2.
If the Green Candle Cut the Yellow Line With Force => Use Orange Line as A resistance + TP3 and use the Yellow Line as a Support.
Note: All Tp & SL ( Manually) and i follow my own strategy to Close the trade
GOLD FUTURES (GC1) 15MIN SWINGProbability: 65% ( read it carefully)
The market will keep going up ( swing)
Stop loss: if the Red candle cut with Force the Red line ( i close the trade manually)
Take profit 1 : Green Line ( manually)
If the green Candle Cut with Force the Green line Then:
Yellow Line: is our second Take profit 2.
GC1 GOLD FUTURES (15MIN) Buy SignalPlease Read it carefully
Probability:
- 80% for the TP 1
65% for The TP 2
55% TP3
The market will keep going up
stop loss: The orange line ( close it manually)
Take profit:
If the Candle cut with Force the first resistance ( Green line) => New Take profit 2 , if not: Take profit.
if the candle cut with Force the Yellow line ( TP 2) => the GC1 may touch the Blue line, if not TP.
XAUUSD: Cycle comparison. 2,800 likely on the long-term.Gold's recent (substantial to say the truth) drop, got many traders and investors on the back foot and understandably so as most expected new stimulus to push the market higher without a correction.
We see a lot of similarities of the recent (2011 - today) Cycle with the previous one (1980 - 2011). After hitting the 1.1 Fibonacci extension, it pulled back to the yellow line and then continued the Bull Run towards the 1.6 Fibonacci extension. That shows that the current (and even slightly lower) levels are an excellent long term buy opportunity. The 1.6 Fibonacci extension goes as high as 2,800.
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XAUUSD: The 1H MA50 is the catalyst.Gold is trading within a Channel Up on the 1H chart (RSI = 48.066, MACD = 1.570, ADX = 17.753) supported on the 1H MA50 since the past 24 candles. This is after the very sharp decline we predicted on the chart below:
At the moment the 1H MA50 is tha catalyst, because as long as it trades above it, the bullish bias are more towards 1,985. If the 1H MA50 breaks, the short-term trend shifts back to bearish towards the 1,880 - 1,860 Support Zone. Notice how the price action of the past 24 hours is similar with the top formation of August 6th/7th both on candle action as well as MACD and RSI.
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