GOLD Analysis 9Sep2023
If you see the movement of gold, there is no sign of bullish, the price increases is still possible because of the correction from the bearish and next week it is still most likely the price will continue the trend bearish. I look for a strong support area and the area is also accompanying with Fibo Retracement at the level of 0.236
Previous analysis I shared on the Hokusai Channel.
This analysis continued what I shared on my channel, you can see my channel and follow it for free.
Goldideas
Gold (XAUUSD), to Short to 1935 Before a upside surge to 1954Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August.
Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel.
Price will continue to short by price action to the next significant support (1935) before a possible momentum build up to the 1963.
If the 1935 fails to support the bears, the price could fall further to 1925.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
GoldViewFX - 4H Chart updated LEVELS and TARGETS.Hey Everyone,
Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channels.
Price finished off last week breaking out of the Descending Goldturn channel and now into the Ascending Goldturn channel (Our unique way of drawing channels).
The switchover has been measured level to level with the Goldturns providing the support, rejection and breakouts inline with the channel levels and half-lines to ride this wave.
Price is now bouncing between 1948 Goldturn and 1963 Goldturn. If 1948 also inline with the half-line continues to support the price we are likely to see a 1963 test.
A cross and lock above 1963 will open a test to the channel top. If 1948 breaks below we are likely to see the full retracement into the channel bottom to look for stronger support. A break and lock below the retracement range will open the swing range. Failure to lock below the retracement range will follow with a continuation above.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976
AND POTENTIAL 1993 AT A PUSH.
BEARISH TARGETS
1948
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1917
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD - IDEAS AND OVER VIEWS WHAT TO DO COMING WEEKHere is quick understanding about gold
Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day.
As per the current situation the resistance level that is coming ahead is $1963, followed by $1972. There is a good chance to sell from $1972 for at least 8$-10$ target. If by any chance gold breaks $1972 we can then aim for 1984$.
On the other side, if gold depletes, it is advisable to go for long positions from 1952$ or even 1940$, with the target to 1962$- 1972$.
resistance point - 1962, 1972, 1984
support point - 1950 -1940 - 1920
What do you guys think ?
GOLD Analysis 7July2023looking at this analysis with the D1 time frame, the price is right at the strong resistance and the resistance is in direct contact with the trendline.
This trendline forms a downtrend channel.
I also see a hammer candle which we can interpret as one of the indicators of a rejection and the beginning of a possible reversal/correction.
looking at the last 5 candles (last 5 days) that tried to break the resistance and failed, there is a possibility that the price will go down first.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
GOLDHi everyone how are you doing with gold
I see that it aims to drop the levels
1927.53
1893.81
1843.56
as a re-test
This analysis is supported by the news of raising the debt ceiling and the news of today, Thursday, the first of June, which is
ADP Non-Farm Employment Change
Unemployment Claims
ISM Manufacturing PMI
And Friday's news
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment rate
GOLD Top-down analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.