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Goldtechnical

XAUUSD - GOLD CURRENT SITUATION - As we can see, the GOLD is still down yesterday. But as soon as we get a chance in the future, it could be GOLD BUY. The reason for this is that we can introduce the new rules used by BIDEN for RUSSIAN GOLD. - By now GOLD must go to 1808 LEVEL. Then by 1885 the PRICE must be UP STRUCTURE BREAK If one comes. Definitely FOLLOW the STRUCTURE we provided. - Currently US 10Y is slightly UP. Also the DXY is getting a bit UP. For this reason, GOLD is being downgraded.
OANDA:XAUUSD
by benny_marshall
An Unseen Bullish Pattern For Gold is Forming?!It looks like Gold is forming an inverse Head and Shoulders pattern which is typically a bullish pattern. We can see that gold is trying to break the neckline of 1348 and per classic technical analysis theory the potential target of an H&S should be measured from the neckline to the lowest point of the Head, so if we take that line and put it at the expected breakout point, that would show a potential target of ~1500. Of course, I would expect some resistance and retracements along the way but technically that should be the target. In case we can break above 1360 level and retest it as support that would be a major bullish sign for me. We can also see from the VPVR indicator that the biggest resistance has already been cleared leaving us with huge support below. Time will tell...let's see what happens.
OANDA:XAUUSDLong
by Blade23