Gold is expected to hit 2930 again after gaining momentumBros, today gold continued to fall to around 2880, but I still insist on going long on gold. Don't give up on gold because of its band decline. I think this fall in gold may be the last opportunity for gold to fall before it rises, so I won't feel pessimistic because of this fall in gold.
Taking advantage of this decline opportunity, I have absorbed enough cheap chips. We can clearly see that although gold fell, it did not change its rising structure and did not break away from the rising trend; in addition, after gold rebounded from around 2832, there was not much room for correction, and this decline was obviously to cooperate with the low of 2832 to successfully build a "W" double bottom structure. This will form favorable conditions for breaking through the short-term resistance of 2930, and even lay the foundation for hitting the previous high near 2956.
This is why I still insist on going long on gold even when it is falling. If you are really scared by this decline, then I think you have missed the opportunity to go long on gold at a low point.
Bros, do you have the courage to go long on gold with me?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Goldpriceforcast
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!
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******