Goldsignal
Update Gold 23-37 May LongGold will drop to 1848-1844(Area for entry long)
and we can start TP 1866++
Thank you, and have a good luck for trading ^^
Tools : Fib Retracement, Elliot Wave, Harmonic
TF : H1, H4, D1
GOLD SHORT4h;
bearish trend
bellow the ema's
waiting for the price to break the structure and the s/r zone for a breakout entry.
1h;
ill be waiting for a momentum candle and the price has to break 14/5ema and stay below the 200ema
tp; first s/r for a quick trade
second s/r for a swing one and high rrr
SL; above previous LH
sentimentally ;
62% of retail traders buying which is good let's go short and follow the big trend.
_and always think of probabilities
Gold H1 - Long Signal Break & RetestGold H4
On the basis the dollar breaks south of 102.500/102. We could expect a spike in gold demand/price due to the drop in USD.
As always, that element and confirmation to confirm bullish bias would be seen through a break and close around 1872 (weekly key level), and subsequent retest of 1858, this is where we could consider loading up on Gold longs. Just like 1.25 on cable.
As long as gold is above $1830/1825, We shouldn't sell gold.As long as gold is above $1830/1825, We don't need to sell gold.
We won't even enter in buy mode as well unless it breaks above the $1850. Breaking above the $1850 will open the door for $1860, 1865, 1872, 1882 and finally 1892.
At $1892, we have Fibo 50% retracement zone. So, there may we see some correction to the downside.
Read my gold's weekly analysis for better understanding ..
Before FOMC i don't think gold will break above $1840 or drop below $1825.
We may see a range-bound till FOMC. When it is hard to identify the fundamental trend, its better to follow the price zone in H1 or H4 chart. That produce pips at least without any panic.
GOLD's ABC Pattern with an Important Key LevelGOLD confirmed a breakout on the trend line but not yet confirmed a bullish breakout on the key level formed. If price fails to break above this level then we will have a further decline in prices for gold.
XAUUSD Time Frame H1 Bearish DivergenceOANDA:XAUUSD
XAUUSD Time Frame H1
Break Out Trendline
and Bearish Divergence
gold long position 17.05.21please understand this is a short trade not a swing trade. yesterdays daily candle closed beautifully with a lot of bullish pressure which price might want to act out again today. so far since markets opened, price has rejected to go lower and no our h candle has closed bullish which has high chances of pushing price higher. if price manages to hold the low that was created around 1824.28 and creates a new high we should see price reach our target as we have clean traffic to the left.
our signals- a. inside bar on the h1 timeframe, b. h4 closed bullish
confirmation- we need a candle to close bullish above 1830.56
GOLD top-down analysis, UPDATEDHello 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 Analysis ahead of CPI report. How long gold will drop? Over 3 weeks, gold is falling at a stance with out any major upside correction. FED is very hawkish in their statement, and it has big chances that they will rise bank rates several time more than 50 bp in this year.
To hike rates CPI is a very important report. So, if the CPI prints positive or more than 5% gold has chances to drop below its strongest support level of $1830. Breaking below $1830 will open the door more bearish in gold. And next target end of this month is $1800. And final target to the downside is $1787..
On the other hand, if CPI prints negative, we will see some upward correction as it has dropped huge. If CPI prints positive, 1st target to the upside is $1862. Breaking above $1862, next target $1877 and final target to the upside is $1900/1911
XAUUSD - SHORT / Bearish to 1830Hi everyone, I believe GOLD will retest 1830 - 1850 area before becoming bullish.
That said, my strategy will be to look for reversal patterns around that area and entering longs, holding for the medium-term.
What's your take on Gold?
Leo
Potential Buy on GoldPast results does not guarantee Future results, do your due diligence. This is not a financial advice only intended for educational purposes and to share ideas
Gold in New weekin my opinion Gold can Touch my Target :-)
Due to the high sales pressure and the break of the downtrend line, as well as the price pullback to the broken range, we are waiting for the price to fall further.
Gold H4 - Short Signal UPDATEGold H4
Selling off nicely here, a little consolidation, but seemingly breaking that short as we speak. As mentioned, the next target we have for this pair would be $1827.
We have been speaking about commodities in our members chat, and how we notice the last few weeks risk headlines hasn't really correlation with commodities trading directions.
GOLD SELL SignalGOLD sell @ 1891.50
sl 1897
tp 1886
tp 1881
Gold now only short term correction like 30to 40 pip
then gold reach 1886 soon
XAUUSD Possible Downtrend Continuation towards Trend LineA breakout on the following key level confirms a possible trend continuation to the downside and revisit the trend line or the lower boundary formed.
