Unlocking Profit Potential XAU/USD Buy Trade AnalysisHey Nathima fams!
I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising:
Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold.
Buy Opportunity: Considering this bullish trend, I'm highly confident in a buy opportunity on gold.
Target Range: I'm aiming for a target range of 2183 to 2208. This range aligns with both technical indicators and market sentiment, increasing the probability of a successful trade.
Profit Potential: With this trade, there's a fantastic opportunity to make substantial profits. By leveraging the current market conditions and strategic entry points, we can maximize our gains.
Let's capitalize on this opportunity together and turn it into a profitable venture! If you're ready to join me in this trade, let's make it happen and celebrate our success as a team. Here's to winning trades and amazing profits!
Goldpriceforcast
Gold Analysis: Gold investors should be concernedThe gold market is again concerned about renewed coronavirus fears. This week we also have the US job market reports. So overall, gold traders will pass a busy week.
But we should be concerned about the new coronavirus variant omicron. As a safe-haven asset, gold will have the most impact on any uncertainties.
So, as long as gold is above the $1775 price zone, we shouldn't sell. Breaking below the $1775 price zone, our next target to the downside is the $1765-$1760 price zone. Breaking below $1760 next target is $1725/$1720 price zone. The final target to the downside is the $1678 price zone.
If we can gold price at December nearly $1720/1680 price zone, we can go for a long term buy till February nearly $1850/$1900 price zone. However, in the Daily chart, the gold price closes below the moving average ribbon. So, it is expected a bit of downside pressure technically. But we should always be concerned about the coronavirus updates news and next week's NFP reports.
On the other hand, immediate resistance is identified at the $1815 price zone from the present rates. Breaking above $1815 will open the door $1835 price zone. And to the final upside target is the $1855 price zone.
The medium, but not short, nor long term outlook for GoldLadies and Gentleman. I have heard some of the greatest investors who have ever lived give their gold targets lately- and Gold hit pretty dang close. What I see now, after a failure to gain above the last high, is the potential for a violent, fast correction in Gold. Consider all zones with green dots at an important value area and target headed out. Especially 1708 if you want a fast in and out. I take more than just the tip and am going for the bottom volume node. Yolo.
This is NOT FINANCIAL ADVICE. I am not a financial advisor and not of the levels, chart ideas, or anything I say at all ***should not*** be taken for financial advice. I just jumped on my friends account and made this yolo.
Sincerely,
THE BOY PLUNGER
Gold is the best TO SHORTHere is the medium term/short term nut not long term but something term forecast for gold. Look for demand at the green dotted lines. My eyes really couldnt stop looking at the yolo target at 2.618- so I market it. Lets get at her boys. And ladies lets get at him!
******This is not Financial Advice******