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Goldoz

GOLD -17/4/2023-• Recent decline in the Gold seen as corrective rather than trend reversal • Major trend still up, reinforced by the ascending trend line since Nov 22 • Also we have an ascending parallel channel, also intact • Bulls will try to defend the channel support line, today at 1977 (very close to today's low) • Gold moves according to overall sentiment and is negatively correlated to the US Dollar • As the USD has been rallying for the last 2 sessions, this resulted in the Gold trading back below but close to 2000 • Till now, declines are seen as buying opportunities in my opinion and chances are we are going to see the previous high at 2070 re-tested before seeing any major trend reversal
TVC:GOLD
by RamziAbouAbdallah-CMT
GOLD US$ / OZ TECHNICAL ANALYSIS Gold has been started gain last month and if we look at the last year September, gold lost value last year between September till March. Since March till now little bit gain but still couldn't reach last ATH $2038. MA crossed each other and if change the directions in weekly chart, it may gain more. The candles are still in the triangle. We got buy signal on may and it hasn't change to SELL signal yet. The candles already break out MA line but it has to be open-close completely above the line. We need to careful in our trade at the moment but need to follow our chart as well. "NFA"
TVC:GOLD
by ABSTOCKER
Triangle breakout and retesting the support- Eliot wave analysisGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long) As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
6
GOLD long breakout: retesting the local triangle (Short-term)GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
7