GOLD (XAUUSD) 10/06/2021 Still Moving In Retracement PhaseHere is my continuation analysis of Gold (XAUUSD). In my previous analysis of Gold, my target TP area and buy area was around 1837-1845. But after I re-analyze there is another possibility for TP and buy area. Here is my alternative scenario from the previous one. The other area that can consider gonna be TP and buy area is 1861-1868 which is the weekly low area this week. But I also still considering 1837-1845 for TP and buy area if the weekly low doesn't hold.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends.
Cheers.
Goldideas
Gold and play with capital and mindHello everyone, I hope you have a good time and are always profitable
The last time we analyzed gold for you, our main assumption was for a decline, but we predicted that it could go up to the range of 1805, but did not reject the range of 1790, and we saw the price return to 1760, in which we see a return pattern. We were and the price started to rise. But with all the fluctuations in this range, what is the next goal of gold ??
1. If it crosses the range of 1769-1764 and can close a valid candle below this range, 1724 can be considered possible.
2. If the price can not cross this range and return from this area, and of course it does so with a Kendall pattern, the price of 1790 and maybe 1820 can be imagined.
GOLD; ALL TIME HIGH BULLS RETRIEVAL. The dollar will just keep on losing it's purchasing power, no matter what.. the more stimulus is printed then the more the Almighty Dollar's buying power declines.
Gold is ready for yet another shocking BULLISH MOVE, +$3 000/oz.
Good thing my charts are self explanatory, should anyone anywhere around the world not understand a single thing about me Gold chart.. let me know and we'll discuss things through.
XAU/USD Forecast: long Here is an analysis on XAU/USD gold
RECAP: (Previous Analysis)
In our previous analysis Gold was trading at $1745
We expected the pair to test $1765 before falling back to $1730-$1720
However the pair was limited to $1755 before falling to $1719
triggering our Buy Stop @ $1755 which was closed at a loss @ $1745
And also our Sell Stop @ $1720 which was also closed at a loss @ $1730
In total we lost 200 pips on the pair over 10 positions from our Buy & Sell Stop orders.
But recovered our loss by scalping as the pair fell to $1719 & rose back to $1740
WHAT TO EXPECT:
Currently @ $1738
We are still bullish on the pair & we expect gold to test resistance @ $1765
If the pair manages to break above $1750 & $1755 the pair will attempt to test $1765 & $1770
On the other hand if the pair fails to break above $1750 we expect it to trade back to lows of $1720 & $1710
OUR POSITIONS:
Buy Stop @: $1750
Buy Stop TP @: $1760
Sell Stop @: $1720
Sell Stop TP @: $1710
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
GOLD: BEWARE GOING TRAP NEXT WEEK !!!Im Buy Posiition On 1704
My Plan Based On Fibonanci and DXY
TP 1 on 1750
TP 2 0n 1760 - 1764
I'm using BreakEven Position.
Beware on TP2 Area. Find the confirmation on this area.
If breakout this resistance area, the price will grow up to 1820
If can not breakout, the price will going back to 1675-1680
If you like this idea. like and comment below here.
Glad to hear that.
Gold to range? If gold were to range in between the buy and sell zone then you could potentially go much lower than 1680
I will wait to see what the reaction is to the upside next week.
If the reaction is impulsive towards 1760 then it's positive for gold.
If the reaction is more corrective and slower towards 1760...then possibly another massive drop to the 1670 area for retest/double bottom or break through to 1500 levels... Will be risking low... Could be a blood bath with stocks and a knock on effect on gold.
All ideas are speculative and not trading signals. Follow at your own risk.. And please leave a like if you've seen my previous forecast on gold and how they've played out.
Gold Broke out the down trend on the one hour! 4 hour!What's up guys! Always been a gold lover, have a ton of it, love that you can wear it, stock up on it and will always have value unless it crashes which i highly doubt; Yes we have been on a down trend for a little while with an inverted cup and handle!
Beautiful, Cup and Handle formed on the weekly and we have broke out the down trend!
We are expected to see some new ATH on Gold very soon!
Get ready baby and buy some gold now, get chains, grills(lol), bracelets, rings, etc.. it's time to do it before we break out crazy!
MACD , HISTOGRAM, AND RSI LOOK AMAZING! 1 day and one hour as well!
GOLD (XAUUSD) TIME TO BUY NOWHELLO FRIENDS HOPE SO UR WAS ENJOYING GREAT PROFITS ON OUR GIVEN PREVIOUS ANALYSIS FOR GOLD SELL
NOW TIME COMES AND WE ARE STARING BUY THE GOLD FROM THIS LEVEL AS WE CAN SEE ALSO FUNDAMENTALLY + TECHNICALLY GOLD IS
@ SPOT FOR GOOD BUYING AREA WITH A SMALL RISK AND LOOKING FOR HIGHER REWARDS
US 1.9 TRILLION $ RELIEF PACKAGE FOR COVID-19 US HAS PASSED THE BILL WHICH MEANS MORE PRINTING MONEY IN FUTURE
AND THIS IS NOT FOR GOOD ECONOMY IN FUTURE ALSO GOLD TECHNICALLY HAS TESTED A STRONG SUPPORT AND HOLD LEVEL ABOVE 1700$
IS A GREAT SIGN THAT BULLS ARE COMING BACK IN MARKET AND BUYING THE PRECIOUS METAL FROM A NEW LOW
Friends PUSH LIKE IT WILL BE A GREAT SUPPORT FOR CHANNEL
FOLLOW US FOR MORE UPDATES
XAUUSD (GOLD) sell from key level BIG DROP COMING Hello friends as i can see gold is fail to hold above 1800 levels as investors are still having hope on Stimulus Package
and that can help to recover $ for a short term
Rising real yields have dirtied the yellow metal’s luster
Gold fails to follow increasingly bullish bets on inflation
Inflation-adjusted gold prices near historical highs,
Real yields – nominal bond yields minus the breakeven inflation outlook – have risen as investors price in a $1.9 trillion Covid relief package.
While the proposed stimulus has bolstered inflation bets, it appears to have propelled sentiment surrounding an economic rebound relatively further.
Hence the pace at which we have seen real yields rise as investors ditch government bonds.
so we will caught this incoming move for gold technically + fundamentally
its 1k+ pips trade with a very small risk against our rewards Friends Push like and comments
Follow us for more updates
Friends if gold hold above 1800 level then this setup u can follow which i had attach in Comments
GOLD BUY FROM KEY ZONEHELLO FRIEND CONGRATULATIONS WHO HAD FOLLOW OUR PREVIOUS ANALYSIS ON GOLD AS WE SAID IT WILL DROP AND NOW ITS RUNNING
PROFITS PREVIOUS ANALYSIS IS ATTACH IN COMMENTS SESSION FRIENDS NOW AS I CAN SEE GOLD WILL DROP MORE TILL KEY ZONE AND THEN WE WILL BUY THIS FROM KEY ZONE
WITH A LOW RISK AND HIGHER REWARDS Friends PUSH LIKE AND COMMENTS
FOLLOW US FOR MORE UPDATES
(GOLD) BUY ON DIPS FROM STRONG SUPPORTHI FRIENDS
As i am watching gold is finally reached given zone targets as we said in our previous analysis which i had attached in comments
Now its time to buy gold on dips with a very small risk and looking for higher rewards
Friends i had Draw a very easy chart which is showing us clear view for bulls to trade GOLD with a very low Risk
Friends push like and comments we appreciate ur likes and comments it help alote to promote the idea
Follow us for more updates