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XAUUSD: Technical pull back after bullish breakout. Buy.Gold made the expected bottom and rebound on the 1D MA100 and crossed over the LH of the May corrective wave. It also broke over the 4H MA50 with technicals turning bullish just before today's pull back that brought them back to neutral (RSI = 44.078, MACD = 2.520, ADX - 28.652). This is a standard technical pull back for Support retesting after a bullish breakout. The price remains inside the High Fluctation Zone of 1,951 - 1,984.65. The 4H RSI is nearing the bottom of its Channel Up and that is an early buy signal for XAUUSD. If the price bottoms here and forms a Channel Up then we will buy and target its top (TP = 2,000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
9
XAUUSD | New perspective | follow-up detailsAmidst the U.S. debt crisis saga market participants were reluctant to have open sell positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend hence the engulfing bullish candle observed on Friday. The reluctance of holding short positions resulted in the bullish green light to officially settle Friday’s session at 1,978.78 an ounce (just around the key level at the 1,980 zone), up by 1.1% on Friday. In this video, we dissected the current market structure for trading opportunities both the buyers and sellers have in this market ahead of the new week while taking into consideration the handful of economic features from the U.S. docket. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSD
by darcsherry
Will I renew my ATH...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (XAUUSD chart) Rising above 1909.525, the long-term trend is positive. Therefore, a break below 1909.525 is expected to end the long uptrend. Looking at the 1W chart, we can see that it is moving up along the upper uptrend line within the uptrend channel. Therefore, a break below 1988.520 is expected to touch the lower uptrend line of the uptrend channel. (1D chart) Looking at the 1D chart, we can see that the price is moving up, within several uptrend lines. Currently, XAUUSD is located near the new high (ATH), so the downside view is more credible than the upside view. The reason is that the basis of analysis is the movement of the previous chart. However, the key is whether it can rise above the Fibonacci ratio point of 2081.026. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
OANDA:XAUUSD
by readCrypto
1
Gold Spot (XAUUSD) Likely To Break Below Support... ($1690)Gold Spot (XAUUSD) is now testing the ~$1850 support level... This level is likely to fail. Our focus goes to cryptocurrency, Bitcoin but mainly Altcoins... We are seeing Gold, BTC, and the SPX moving in many similar ways. Here XAUUSD is testing a support level that is likely to break. On this correction/drop, we are likely to see $1690 as the final support level before more up... We have chances of seeing higher prices right away but I don't think this is how things will go. We will have a very nice/strong correction for a few months and then Gold, Cryptocurrency, Bitcoin, and the Altcoins will again move up strong. Namaste.
OANDA:XAUUSD
by AlanSantana
7
XAU/USD We are reaching the Bullish FTR zone in weekly timeframHi guys In this post, I will analyze the XAU/USD chart by RTM method in the weekly timeframe. I suggest you learn this method which was developed by If Myante and his friends and is famous for its accuracy and high risk-reward ratio. If we look carefully at the chart of the Gold, we could see the evident Bullish FTR (failure to return) between the range of 1770 to 1800. First of all, the price had a resistance surface in 1807 but we can see that this surface engulfed later (ENG point). After that, the price failed to return to its bearish downtrend and the price jumped to around 1960. so if the price makes a pullback to that FTR Surface, we could see a bullish reaction. Also, we could see the Caps on price which was shown by a red border. Caps on price structure are usually RBR (RALLY BASE RALLY) or DBD (DROP BASE DROP) structures which in the second phase we could see a base an FTR or its better to say FL (flag limit). When the price reaches this surface, we expect a bearish reaction. So we expect a bullish reaction from the range of 1770 to 1800 with the first target of 1860 and 1950 but we have to see the trigger in the lower timeframe in order to trade when the price reached to the selected zone. Don't forget to check the fundamental reasons. Sincerely Hosein Poursaei
CITYINDEX:XAUUSDLong
by hosein-9879
Gold - Correction incoming?Gold - Intraday - We look to Sell at 1805 (stop at 1815) Closed the day little net changed. Selling posted in Asia. Price action has formed a bearish ending wedge formation. Trend line support is located at 1785. Bespoke support is located at 1782. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. The formation has a measured move target of 1727. Our profit targets will be 1782 and 1727 Resistance: 1805 / 1810 / 1825 Support: 1785 / 1782 / 1727 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:XAUUSDShort
by VantageMarkets
GOLD: Rising Wedge still holdingExcellent confirmation of our short-term buy trade as, following the lower than expected U.S. CPI, Gold skyrocketed above the 4H MA50 (1,788.91) broke above the 1,808 (August 10th and Dec 5th Highs) Resistance and made a Higher High on the Rising Wedge pattern (started on November 15th) at 1,824.50. With 4H but mostly 1D technicals still bullish (RSI = 63.776, MACD = 25.400, ADX = 28.407), the price is now long-term bullish targeting the 1,860 - 1,880 zone (1,880 is the June 12th High). However, ahead of today's critical Fed Rate Decision, we have to be extra careful with our positioning. I am looking to buy again (slightly) below the 4H MA50 at 1,785 and target 1,820 intra day only. A break below 1,777 is a bearish break-out call towards the 4H MA200 (1,739.22 and rising). Beyond that, I will wait for a clear 1D MA50 test in the following days to get my long-term buy, if not and we close above 1,825 first, then I will enter a buy on the spot, which is possible if the DXY continues to sink while also the US10Y goes for a Lower Low. Those indicate a strong bullish long-term trend for Gold. Previous Gold chart:
FX_IDC:XAUUSD
by InvestingScope
Does Gold doing wave C? part 2According to the previous idea, After the price reached 138.2% of a, The price makes a reversal pattern on TF4H (plus MACD doing bullish divergence in TF1H), So I decide to enter the 1st Buy position. (For now moving SL in front of EP, Risk = 0), To enter the 2nd position, Waiting for the price action around the end of wave b (Continue pattern, plus bullish divergence in a smaller time frame like 15m to 1H or wait for a breakout), About the bigger time frame If price going as analyzed, The target will be around 1771$ and should be reach around 15 to 22 November. OANDA:XAUUSD
OANDA:XAUUSDLong
by MANGDANA
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