Finally, our expectations were fulfilled, and gold dropped below $1,900 yesterday. We continue to be bullish on gold in the long term. However, in the short and medium term, we are still inclined toward the scenario with gold sliding lower, likely testing $1,875 (and potentially $1,850 if the weakness in the stock market does not stop). Therefore, just like in the...
Hello There! Welcome to my new analysis about GOLD on the daily timeframe perspectives. As I already mentioned within posts I uploaded within the recent times GOLD has a more bullish edge and potentials for new highs on the middle to long term perspective. Especially, because the demand and open interest by institutionals is increasing massively and some are...
Gold turned bullish again on the 4H timeframe (RSI = 63.771, MACD = -1.560, ADX = 40.595) after crossing today over the two week Channel Down and naturally the 4H MA50 and MA200 periods. Following the 4H MACD Bullish Cross, this rally can extend to at least R2 and that's our bullish target (TP = 1,953). The entry signal will be closing over R1. ## If you like...
In line with our previous ideas and choppy price action, we continue to wait for a better opportunity to add gold to our portfolio. We are neutral to slightly bearish in the short term while bullish in the long term. However, we still deem a weakness in the stock market as a danger to the higher price of gold (at least for now). As a result, we believe gold's...
Gold / XAUUSD is trading inside a Channel Down pattern since the start of the month. Today it hit the 1hour MA50 for the first time since Sep 4th and got rejected again. As long as the price is inside the Channel Down, sell and target 1910 (-0.72% decline). If it crosses above Fibonacci 0.236, buy and target 1933 (1hour MA200 and Fibonacci 0.5). Observation 1....
Almost two weeks ago, we touted gold’s retest of the support at $1,900 and the potential continuation lower to $1,875. However, soon after that, gold halted its decline slightly below $1,885 and reversed. Subsequently, it went above $1,920. For the most part, this move coincided with the relief in the stock market. Therefore, we remain on high alert and somewhat...
The price of gold is currently experiencing a notable downward trend, aligning with our initial predictions. Anticipating further declines, we foresee the price dropping below the support level of $19 000. This descent could lead to the formation of the low point for the orange wave iii. However, we maintain a 25% probability of a potential upward movement. In an...
The gold market has been volatile in the past few days, prompting us to maintain a neutral stance in the short term. However, what caught our interest during this time was MACD trying to cross through the midpoint on the daily chart. If successful, this event will likely coincide with more weakness in gold, potentially dragging it toward the area between $1,900...
Gold / XAUUSD completed today the first 4hour Death Cross since May 19th and the second since February 13th. In both cases, this formation made a Lower Low, while also the 4hour RSI was trading inside a Channel Down. Sell and target 1900 (over Support A). Follow us, like the idea and leave a comment below!!
this is the result of my analysis about the 1D chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 1D Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefällt
Gold is rising today as the 4 day pull-back made a stop near the bottom of the Channel Up. At the same time it stayed over the MA50 (1d), which since July 12th has been closing all (1d) candles over it. Trading Plan: 1. Buy on the current market price. Targets: 1. 2015 (Higher High on the Channel Up, a little under Resistance 2). Tips: 1. The RSI (1d) is...
We still believe it will fall & hit the target area. The prediction for its fall is technically as well as fundamentally.
We are still on sell opening position from resistance & keeping our prediction in one way by following the retracement levels.
Gold is trading inside a Channel Up that got it off the prior downtrend as it crossed above the MA50 (1d). The price hit the top of the Channel Up, so a pullback is expected, same as July 3rd and July 10th. Perhaps the most important development today is the first Golden Cross (4h) since March 15th. Trading Plan: 1. Buy near 1,966. Targets: 1. 2005 (top of...
Gold / XAUUSD has started the new bullish leg of the 8 month Channel Up, as it is about to complete three straight green weeks. This hasn't been done since March 13th. The 1day RSI just crossed over the MA trendline, a strong bullish signal as well. Both previous Bullish Legs of the Channel Up rose by at least +13.50%, so use that as the standard technical...
Gold has been rearing up once more but should soon return below the support at $1936 to continue the overarching downwards movement until the low of wave (4) in yellow is found, which we expect to happen below the turquoise zone between $1840 and $1713. However, there is a 30% chance that the precious metal could use the turquoise zone to finish wave alt.2 in...
Incredible to think with the Dollar bouncing Bullish that the price of Gold will rise but that is what the PA is showing and I do not argue with that
Gold crossed over the 1D MA50 today for the first time in almost 2 months (since May 17th). As the 1D timeframe turned bullish again (RSI = 58.454, MACD = -7.380, ADX = 44.489) this is the first major bullish signal of a projected new long term rally. However we will wait until the first 1D candle close over the 1D MA50 and make a confirmed buy entry. Our first...