Gold Breaks Resistances_ Is a New All-Time High(ATH) on the Way?Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($3,032-$3,021) and has managed to break the Resistance lines .
In terms of Elliott Wave theory , it seems that Gold has completed the main wave 4 . The structure of the main wave 4 is Double Three Correction(WXY) . One of the signs of the completion of the main wave 4 can be the breakdown of the resistance lines and the Resistance zone($3,032-$3,021) .
I expect Gold to trend upwards in the coming hours and can even create a New All-Time High(ATH) .
Do you think Gold can create a new All-Time High(ATH)?
Note: If Gold goes below $3,013, we should expect more dumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
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Do not forget to put a Stop loss for your positions (For every position you want to open).
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Goldsignal
DeGRAM | GOLD decline from the retracement levelGOLD is under an ascending channel between trend lines.
The price is moving from the dynamic resistance.
The chart maintains a descending structure and reacts downward on reaching the 50% retracement level.
We expect the decline to continue.
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Gold’s Bearish Setup – What’s Next for $XAUUSD?Gold ( OANDA:XAUUSD ) fell to $3,003 as I expected in my previous post . Of course, since this is a round number , we can expect good support .
In terms of Classic Technical Analysis , Gold appears to have succeeded in breaking the neckline of the two patterns , the Head and Shoulders Pattern and the Three Falling Peaks Pattern .
Educational Note : The Three Falling Peaks is a bearish reversal pattern that occurs after an uptrend, where the price forms three consecutive lower peaks. Each peak represents a failed attempt to continue the uptrend, signaling weakening bullish momentum. A breakdown below the support confirms the pattern and signals a potential downtrend.
In terms of Elliott Wave theory , it seems that Gold has completed 5 impulsive waves and we should wait for corrective waves .
I expect Gold to attack the $3,000 at least once more after completing the pullback , and the next target could be the Support zone($2,989-$2,976) .
Note: If Gold goes above $3,039, we should expect more pumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD preparing for the pullbackGOLD is in an ascending channel below the trend lines.
The price is moving from the dynamic resistance and the upper boundary of the channel.
The chart has fallen below the dynamic support and 62% retracement level.
We expect the pullback to continue after consolidation under the lower channel boundary.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold’s Uptrend Strong, But Is a Short-Term Drop Coming?Gold ( OANDA:XAUUSD ) has increased by more than +5% over the past seven days and has managed to create new All-Time High(ATH) daily. The reasons for the increase in Gold prices include US economic statistics and the tensions in the Middle East that have increased these days.
The question is how long this bullish trend in Gold will continue. It seems that Gold needs at least a correction to continue its upward trend and I tried to find the starting zone of the correction with technical analysis tools (for the short term ).
Gold is moving near the Potential Reversal Zone(PRZ) , this zone could be a correction zone for Gold for at least the short term .
Gold also responds well to the Pitchfork tool lines , the Pitchfork lines can be considered as support and resistance lines for gold .
From an Elliott Wave theory perspective, Gold appears to be completing microwave 5 of main wave 5 (these five waves are likely to be part of main wave 3 ).
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop to at least $3,003 after breaking the Uptrend line , and my second target is $2,986 .
Note: The worst Stop Loss(SL) for your Short position could be $3,061.
Gold Analyze ( XAUUSD ), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold is Pulling Back to Support lines & PRZ – Another Rally!?As I expected in my previous post , Gold ( OANDA:XAUUSD ) finally touched Potential Reversal Zone(PRZ) (of course with a lot of volatility).
From Elliott Wave theory , Gold appears to have completed the main wave 3 and is currently completing the main wave 4 . The main wave 4 is likely to end near the Support lines and Potential Reversal Zone(PRZ) .
I expect Gold to attack Potential Reversal Zone(PRZ) at least once more after completing the main wave 4 .
Can Gold make a new All-Time High(ATH) or Correction?
Note: There is also a possibility that the main wave 5 is a truncated wave because in PRZ we have the $3,000 round number.
Note: If Gold falls below $2,940, we can expect further declines.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD reached the resistance levelGOLD has reached the upper boundary of the channel and resistance level.
The indicators indicate that the asset is overbought.
A bearish divergence is forming on the 1H Timeframe.
We expect a pullback.
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DeGRAM | GOLD hit $3000GOLD is in an ascending channel above the trend lines.
The price is moving from the lower boundary of the channel.
The chart has consolidated above the upper trend line.
We expect the growth to continue until reaching the upper boundary of the channel.
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DeGRAM | GOLD continues to growGOLD is in an ascending channel above the trend lines.
The price is moving from the dynamic support and has already broken the resistance level.
We expect XAUUSD to continue rising towards $3000.
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DeGRAM | GOLD has consolidated above the trend lineGOLD is above the descending channel and trend lines.
After a false break of the support level, the price has reached the lower trend line and 50% retracement level, which coincides with the previous rebound points.
The chart has consolidated above the upper trend line.
We expect the growth to continue.
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XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | GOLD squeezed by trend linesGOLD is near the upper boundary of the descending channel between the trend lines.
The price is moving from the dynamic support.
The chart is holding above the 38.2% retracement level.
We expect the price growth to continue.
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DeGRAM | GOLD came out of a downward channelGOLD is above the descending channel between the trend lines.
The price is moving from the lower boundary of the channel where it formed a bullish takeover.
The chart held above the 38.2% retracement level and also formed a bullish flag before breaking the upper channel boundary.
We expect XAUUSD to rise after consolidating above the dynamic resistance.
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DeGRAM | GOLD is holding under the supply zoneGOLD is under an ascending channel between trend lines, under the supply zone.
The price is moving from the dynamic resistance.
The chart is holding under the lower boundary of the supply zone, which coincides with the 78.6% retracement level.
The previous week was ended with a bearish takeover formation.
We expect XAUUSD to continue its decline.
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Gold’s Three Soldiers Pattern Signal: A Strong Rally Ahead?Gold ( OANDA:XAUUSD ) is breaking the Resistance zone($2,930-$2,916) and the Neckline of the Inverse Head-and-Shoulders Pattern .
According to the Elliott wave theory, the Zigzag Correction(ABC/5-3-5) is over, and we must wait for the next impulse wave .
Also, the Three Soldiers Candlestick Pattern is a good sign to break the Resistance zone($2,930-$2,916) and neckline .
I expect Gold to rise to at least $2,953 , if the Resistance zone($2,957-$2,940) is broken, we should wait for Gold to rise to the Potential Reversal Zone(PRZ) .
Do you think Gold can make a new All-Time High(ATH)?
Note: If Gold goes below $2,887, it should expect more gold Dumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold's Resistance Battle: Breakout or Reversal?Gold ( OANDA:XAUUSD ) is moving near the Resistance zone($2,896-$2,878) .
According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to go down at least pivot points after breaking the Uptrend line , and in the next stage , the Support zone($2,845-$2,830) can be the next target .
Note: If Gold can go over the Resistance zone($2,896-$2,878), we can expect more pumps.
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD local oversoldGOLD is under an ascending channel between trend lines.
The price is moving from the lower trend line and support level.
Indicators on small timeframes indicate oversold.
We expect that XAUUSD after consolidation above the support may bounce to $2900, which coincides with the 62% retracement level.
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DeGRAM | GOLD retest of the supply areaGOLD is in an ascending channel below the trend lines.
Indicators are out of the oversold zone.
The price is moving from the upper boundary of the channel.
The chart is holding under the supply zone and 38.2% retracement level.
XAUUSD will continue to decline.
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GOLD, Will the correction continue or not ??Hello Traders, Hope you are doing great.
As you can see below this post, We expected a correction in GOLD yesterday because it was forming a Rising Wedge Reversal pattern. The price corrected about 500 pips and then it began to retrace to 61.8 Fibo level. But what happens now? will the correction continue or not ?
The answer of this question is a Hesitant Yes, it will probably continue its downward correction, but PCE data that comes Friday can change everything, so Don't forget to use proper risk management. and Remember that these kind of corrections are temporary and gold price will probably see higher price this year
and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
DeGRAM | GOLD working out a rising wedgeGOLD is in an ascending channel between trend lines, in a range of $2877 to $2940.
The price is moving from the upper boundary of the channel and has already dropped below the dynamic support.
We expect the decline to continue after consolidation under $2877.
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DeGRAM | GOLD is pressing the trend lineGOLD is in an ascending channel between the trend lines.
Chart volatility has decreased
The price is moving from the upper boundary of the channel and is forming an ascending wedge.
We expect a pullback after consolidation under the dynamic support.
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Head & Shoulders Pattern Forming – Gold Breakdown Soon?Gold ( OANDA:XAUUSD ) is currently near the Resistance zone($2,948-$2,940) . Gold attacked the Resistance zone($2,948-$2,940) several times but failed to break it and even created a Bull Trap .
Regarding Classical Technical Analysis , Gold seems to be completing the Head and Shoulders Pattern . If Gold reaches the Neckline of this pattern , it seems to succeed in breaking it. One of the signs of the validity of the Head and Shoulders Pattern is to see a Regular Divergence(RD-) between the two shoulders, which we see here.
According to the theory of Elliott waves , Gold seems to have succeeded in completing corrective waves. The structure of correction waves is Double Three Correction(WXY) .
I expect Gold to reach the Neckline of the Head and Shoulders Pattern in the coming hours, and if it breaks , it will drop to at least $2,901 .
Note: If Gold can go over the Resistance zone($2,948-$2,940), we can expect more pumps.
Note: If Gold touches $2,934, we can hope for a drop.
Do you think that Gold succeeds in forming a new All-Time High(ATH) or does it need to be corrected?
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 30-minute time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.