Weekly GOLD IdeaHello Traders,
I have marked the area for Buying Gold and Target areas , I will wait for the proper confirmation before entering the Trade.
*This is just an Idea not any Financial Advice*
Goldsignal
Gold forecast and idea XAUUSDPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
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Gold forecast and idea for tradePlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
EURUSD SCALP SELL NOW!HI Team,
See linked post for in depth GOLD analysis this week, which covers all USD news.
Look out for news later today at 1300 GMT.
Currently in a daily Elliot ABC ascending correction, and looking for breakdown soon. Safest sell is within the ascending channel, but worth looking for a breakdown of that with at least one position. I expect a small 30M timeframe retracement, but if we do not get it, sells on break of shown trendline, safest first TP and point of SLBE would be floor of this corrective channel.
Good Luck, Trade safe
DrBear
GoldViewFX- DAILY CHART UPDATED SETUPHey Everyone,
Please see our updated daily chart setup. This is just for this week and not to be mixed with our long term daily chart setup (SEE BELOW), which we have been following.
DAILY CHART LONG TERM SETUP (1816 OPEN TARGET)
The new daily chart setup is for this weeks movement only and JACKSON HOLE.
We can see FRIDAYS candle close with ema5 crossing MA21. A new daily candle open this week will confirm the lock confirming momentum down with daily chart support at 1709.
Daily chart next resistance level is at 1755. Any immediate momentum up with a break above 1755 can invalidate the EMA5 cross ma21 so it will be wise to let Mondays movement play out to establish a true range in this setup.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD THIS WEEK STEP ONE SELLHi Team
This is stage one for this weeks gold trade.
See linked post below - we rose as expected on todays news, and rejected as expected from the descending weekly resistance. Now if the time to enter out first sell attempt.
I would advise SLBE as soon as possible, and if price slows down at ascending channel support, suggest closing half positions out.
Tomorrow is a big news day too, and should see the Dollar rally.
Please remember that small lot sizes make good money. There is no need to over trade.
Good luck, trade safe
DrBear
GOLD is in possible sell zone!!GOLD has broken the market structure and has broken out of the support zone on the 4H timeframe. As the long-term trend is down, it is a high probability that GOLD will continue to drop. On the retest of the previous support as resistance, a selling opportunity may arise.
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GOLD possible long for 1810 gold weekly chart forming higher high and higher low. demand zone for long 1775-72. stop loss 1768 target 1810
Gold Pull Back After Break Into Daily CloudGold hold above 55-EMA if break below next eyes 21-EMA support
Mention at chart
Gold Breaks above the trendline resistance, what is next? After a long time, gold breaks above the trendline resistance. Though gold is still under the horizontal resistance level of $1810. After breaking above the $1810 price zone, we will get the confirmation that gold is going to upside again for another time.
Technically, from the present rates, major support is identifying nearly at the $1785/1780 price zone. So, we would suggest buying gold nearly from this price zone. Stop loss should be below at $1750 price zone.
The alternative scenario is if gold breaks above the $1810 price zone, we can buy instant and continue our long order. In that case, we can use our stop loss below the $1777/1775 price zone.
On the other hand, if anyhow gold manages to stable below the $1775/1777 price zone, gold may continue its downtrend again. And it will be considered as a fake upside break out.
Keep in touch for further updates.
Gold could drop 500 pipsSince 21th of July's low, Gold has risen more than 1000 pips in a clear uptrend. However, the rise from the 1755 low is drawing a rising wedge pattern, and also the price action from this week has put an H&S on our chart.
A new attempt to conquer 1800 failed yesterday, giving us the right shoulder and the idea that bulls may very well be done.
At the time of writing Gold is trading under ascending trend line support (also confirmed by yesterday's high) and exactly in the horizontal support
A break here could lead to a steep drop to important 1740 support.
Interim support is at 1755 (horizontal support and rising wedge's target) and this bearish outlook is negated by a daily close above 1800.
Sell rallies remains my preferred strategy
Gold- Time for correction?In my yesterday's comment I said that Gold could rise above 1800 and, indeed, the price spiked up. However, bulls were unable to keep the price elevated and the market closed with the price under this important figure.
From a technical point of view, the rise since the beginning of August is in a rising wedge and the support of this pattern is now broken down.
A correction could follow from this point on and, in my opinion, rallies should be sold.
I'm bearish on Gold as long as yesterday's high is intact.
USDCHF INTRADAY LONGHI Team
This pair will reach double bottom on daily support in line with USD news event tomorrow.
I am expecting USD strength, and therefore a corrective breakout following this period of consolidation and correction.
For detailed USD news information please see my gold analysis for the week.
Scalp short to our buy zone has just been posted if you want to build capital prior to this trade - see linked post.
Like what I do? Please like, comment and subscribe!
Good luck, Trade safe
DrBear
GOLD sell - Depends on NFP?!Hi team
RE-entry for Gold.
NFP in 5 minutes. Unless we see NFP significantly above expectations (>350,000) then it is likely we will see USD weakness. If we get a good number, expect price spike to trigger, then a very rapid sell.
Please keep SL tight - if we breach larger daily channel resistance, we are in GOLD bull territory.
Good luck, trade safe
DrBear
Sell Gold | XAUUSD Forecast/IdeaAfter reaching the hits monthly resistance in the price range of 1780, the correction of the trend to the bottom of the channel has been formed.
Gold- Do we have a top?In my yesterday's analysis, I warned about Gold approaching a very strong resistance, a level that acted as support for the first 6 months of 2022 and the possibility of reversal.
Indeed, the yellow metal has reversed from that level, leaving a long-tailed candle on our daily chart with strongly bearish implications.
After this 300 pips drop, we assist a normal correction that can offer a good opportunity for bears.
That being said, in my opinion, rallies against yesterday's high should be sold with a target in 1740-1745 support
Gold Forecast | Idea and signal for XAUUSDThe first scenario is taking shape.
Entry offer at around price 1772.
Take Profit: 1795
2nd TP: 1805-1810
XAUUSD possible long for 176521st July key reversal bar formed made a new low closed on the high. 18th-22nd weekly bar is also key reversal bar indication for medium term long. 1721 demand zone for long with stop loss 1710 while target 1765.
GOLD Pauses at 110-EMAGold gains after dovish Fed, good to buy on dips
Gold price gained more than $15 after Fed monetary policy.
Technical:
The near–term support is around $1720
resistance around $1740,
GOLD possible breakdown??GOLD ( 4H) is forming a series of lower highs on the resistance on the 4 H timeframe. There is the probability of breaking down as the long-term trend is down.
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XAUUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 Price Action 5-DMA and 200-EMA WGold near term resistance 21-EMA and 1750
Gold price took support near 200- W EMA
and daily 5-DMA support
The yellow metal faces minor resistance around $1750,
TRADE OF THE WEEK | Classic Trend-Following Trading 💰
Hey traders,
I told you many times that Gold is bearish and that bearish continuation is highly probable.
Following this analysis, I managed to catch a nice trend-following trade this week:
after a sharp bearish movement, the price started no consolidate within a horizontal trading range.
The price broke and closed below its support then.
Shorting on a retest, I caught 540 pips of a pure profit.
Great winner!
Did you catch it?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
