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GOLD RUSH, WHO'S READY?Okay guys, bit of a confusing one but on the daily chart gold has been travelling in a horizontal channel marked out with the blue rectangles, we recently saw a move from bottom to top and as it was it formed an ascending channel, we saw a false breakout of the channel to the upside at the top of the channel however it dropped back into the channel. As of now price just hit the bottom of the channel and its making its way up, we believe price will test the descending trend line that is marked out in black which lines up with the 0.618 perfectly and make its way down to the -0.27 extension level. THAT MEANS THE ASCENDING CHANNEL WILL BREAK! IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
OANDA:XAUUSDShort
by UnknownUnicorn2396129
2
Gold Technical Analysis: Touch 1292 And New Sell entry 1294 GOLD edged higher on the last trading day of the week and jumped back above $1290 and 1294 level, just above over one-week tops set in the previous session. Gold H4 200 ma moving average is 1290.95 area breakout and stable this level touch 1296 level. and H4 100 ma moving average area 1285.40 level so stable 100 ma gold touch 1290 area. Gold Day 100 ma moving average level 1280.70 area so breakout this level gold touch 1290/96 area. And Technically Best Sell Area is 1296 level and take profit 1280 Area. Another way, GOLD breakout and stable 1305 level touch 1318 level. Previous Monthly High 1327.8 Previous Monthly Low 1280.1 Daily Fibonacci 38.2% 1279.06 Daily Fibonacci 61.8% 1276.92 Daily SMA100 1291.72 Daily SMA200 1251.07 NEWS:- It would be prudent to wait for a strong follow-through buying before confirming that the commodity might have actually bottomed out in the near-term and positioning for any further recovery, possibly back above the key $1300 psychological mark.
TVC:GOLDLong
by Saleh11
GOLD DIGGING IN ACTIONGold has been travelling in a very large ascending channel however it broke out to the downside, came back up to retest the channel at the 0.618 of the impulse wave and now price has broken out to the downside of the ascending trend line it was travelling above to retest the channel. price is now going up to the 0.618 of the retest move to retest the trend line it was travelling above, we now believe price will drop to the -0.127 once it goes up to the 0.5 -0.618 of the previous wave
OANDA:XAUUSD
by UnknownUnicorn2396129
TRUMP THE C#@TOrange arrow show where this key level has been used as support and purple arrow shows resistance, we can see price is nearly at this level so we will be waiting for a break or bounce before jumping in this trade again as we had a loss on it yesterday... YES WE HAD A LOSS... WE ARE HUMAN ;p But our view is that it will bounce and make some movement to the upside probably the start of next week, we think this because of the strong level and how the US economy is quietly going down the toilet.. but we wont rant on about this again ;p Trump might be golds best friend because people will run out to invest in gold as a safe haven when the economy goes t#ts up.... And it will go t#ts up because Trump is a c@#t haha! So you can make your own mind up, but this is our opinion.
FX:XAUUSDLong
by ApexFX_Pro
GOLD DIGGERS1295.74 area is a strong old resistance and could be tested as new support, We will manually enter this trade as a SELL but only down to or new support level, and we have set BUYn order for the retest of this level. We should see price push higher to the upside after this retest, our reasoning behind this trade is because the buyers ( bulls ) were strong on Friday before market close pushing the price up and smashing through our resistance and we don't think it is done yet, it still has more to give.... like a sugar daddy to his little GOLD DIGGER ;p Price also broke out of a ascending triangle last week ( our blue trend line and our green resistance/support line ) and pushed lower as we predicted but then price got exhausted around 1276.64 and some candles with longish bearish shadows formed, this was an indicator that sellers ( bears ) had got tired and bulls ( buyers ) were about to take over.
FX_IDC:XAUUSDLong
by Apex_Gregg
4
Whats next for GOLD?From the above chart you can see we have drawn on a few key support and resistance levels, circled in yellow you can see all the points where price tested these levels and bounced, this proves these levels are strong. Most recently price broke 1287.987 support levels and closed below this level, we can see a possible retest of 1279.565 as this is the next key support level. Also price broke out of a 4h wedge that had formed to the downside ( you can find this analysis in our FREE chart analysis Telegram group ) If you would like to join our free group then please follow the below link or inbox us if you are having problems. t.me/freefx3
OANDA:XAUUSD
by Apex_FX
Gold resistance must be respectedAs we can see we have a really well respected resistance level on a high timeframe, this must be respected, We are expecting a bounce and a bearish move off this level as the US economy is strengthening again the gold prices will go down as when the US economy weakens people invest in gold as its a " safe investment " but when the economy strengthens people sell gold investments causing the price to drop. Entry SL and TP are reserved for our clients and will be sent out once the trade becomes valid. If you are interested in joining our team then message us and we will give you a 2 week FREE trial to our VIP group.
OANDA:XAUUSDShort
by Stocks_And_Forex_Mafia
Gold support and resistanceAs yo can see gold has been really respecting support and resistance ( purple circles ) We are expecting the price to push lower and retest our support again, but not before confirmation, a lovely bearish candle stick is forming at the minute which is in our plan, but we will wait to see how this plays out before sending the signal to our clients. If you would like to join our team then just message us for a friendly chat to see how we can help you achieve your goals.
FOREXCOM:XAUUSD
by Fab_Forex
GOLD IS GIVING YOU ANOTHER CHANCE TO SURVIVE WILL YOU TAKE IT?Gold and silver made a volatile upward move as the dollar dips after dovish comments from fed chairman powell,Powell told the Economic Club of New York Wednesday that “interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy.”The dollar index falls by around 0.5% where Gold and Silver prices bounced back up in a volatile manner where we witnessed gold prices to soared from $1212 to $1226 in minutes,silver followed howevers it took seconds for gold prices to went back to $1219-it doesn't mean it can't go higher than this-This month we have seen some boring sideways movement where prices plunged then made a corrective rally, this is a part of the cycle-however this won't last too long Please note-when analysing the precious metals market we try to be as objective as possible without getting attached to our positions,and for now it seems nothing has changed fundametally or technically than will affect gold and silver prices over a medium and long term,these short term moves don't affect our long term outlook for the market most important fundamentals -Reports suggest that due to cybersecurity risks U.S is thinking to take some harsh action for a Chinese technology firm and may even suspend this firm for future trades which implies that The U.S- China trade war has no improvement-(Many investors and portfolio managers was looking into this matter especially gold-bulls as improvement in the U.S-China trade war would have a major impact( Bullish ) for precious metals sector.U.S. President Trump and Chinese President Xi are scheduled to meet face-to-face in Argentina next week Existing positions Currency Pair: XAUUSD -0.61% ( Gold -0.74% ) Sell Stop Entry Price:1220 Take Profit: 1180 Stop Loss:1240 Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 4000USD Risk/Reward: 1:2 (we can adjust (limit, close or even reverse) the position before this price level is reached) Should you require any more information don't hesitate to contact us. Many regards, Short term Trades Currency Pair: XAG -0.83% .USD( silver -0.21% ) Sell Entry Price: 14.500 Take Profit: 14.000 Stop Loss: 15.00 Capital Risk: 2000USD-(amount may vary depending on your account size and risk tolerance) Potential Reward: 2000USD Risk/Reward: 1:1 (we can adjust (limit, close or even reverse) the position before this price level is reached)
FX:XAUUSDShort
by NeerajPandey
GOLD LONG-TERM ANALYSIS TO CONTINUE 'SHORT'Looking at the long-term analysis on the 1W view of gold, it looks like it is headed downward still. At the moment it is on a retracement up and not to be confused for trend reversal as i do not believe market is reversing just yet until it hits either/both of the 2 horizontal lines in my chart. 1st yellow line at 1130.71 here on tradingview 2nd yellow line at 1056.57 here on tradingview As platform prices may be different, I suggest setting alerts for both lines here on tradingview and once the alerts go off, then you know it is time to look into going in on whatever platform you trade on. Please remember to look at what indicators are telling you if you can understand some, as they would likely help you determine a suitable entry point. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the posiblity to hedge yourself, for more confident traders imo -0.06% . All comments and questions welcome, if curious about indicators I use then feel free to inquire.
TVC:GOLDShort
by Dani0
5