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Goldpriceprediction

GOLD EXTENDED RETRACEMENT - NEW LAUNCHPADLooking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm. I am waiting for a retest of the resistance around the $2400 price. I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries. First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven. Full take profit at $2072.50. Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold. Let me know your thoughts, are you looking for buys or sells?
OANDA:XAUUSDShort
by TheLionsShare
Gold Price Prediction analysis TF WeekGold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY breaks the old high (109 as of 14 July), it might rapidly surge to 111. So, this may cause negative sentiment for gold. Nonetheless, gold can rebound for a short period before going down again. Suggest picking a top to sell. Sell 1754 - 1766 TP 1758/1754/1747/1735/1728 SL set according to your margin ( above 1772 is a crucial point for gold rally to wave 3 ) Have a good week!!
BLACKBULL:XAUUSDShort
by ThiMars
XAUUSDIn this analysis we can see gold price is strullging between is symmetrical triangle and flag patterns after a strong upside move. here we have two sanerio if on monday price respect this sysmmertical triangle and bounch from 1780 than we see gold price at 1786 and if break 1787 than it goes to 1795 strong resitance of 200 Ema in 4h time frame. otherwise if price break down side of triangle than 1778 200 eme on 1H timeframe if it break than gold price fall to flag pattern down trendline 1770. wait for breakout and 1h candle close either upside or downside than you can entr your position. if break bounch from here than you can buy and if break than wait for retest of triangle and than you can short xauusd.
OANDA:XAUUSD
by naumanfx_
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