GOLD 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.
Goldtradeidea
GOLD Swing Trade Idea and SetupI usually use the AUD strength as a directional bias for Gold. I am anticipating price to be in replica on XAUUSD too. I am waiting for a rejection in the golden area of the Fibonacci. When all confluences line up, take short entries and target the -61 extension. Depending on price momentum, I may target the 1750 key area for Take Profit.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
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GOLD 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 top-down analysis, UPDATED!!Hello 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 FOMC
At the last FOMC, Gold prices end lower, then move up as the Fed signals no interest-rate hikes through 2022. During this period, FED didn't change its policy a lot.
The pandemic has not finished yet, so it is hard to predict what will happen with the gold price.
But, in the daily chart, the gold price has broken below the long-term trend line. So, technically market is bearish, there is no doubt. So, how long can it drop? I think as long as the pandemic is not going to over, gold won't drop much. 1680 is strong near-term support.
Today is the FOMC, and FED hints for no bank rate changes history will repeat like last FOMC. Gold will drop first and then will up again.
If the gold price breaks below the 1800/1795 price zone, the gold price may test the 1775 to 1770 price zone. If the FED is too hawkish more ever gold may test the 1750.00 price zone.
On the other side, the weekly high is the 1815 price zone. Technically breaking above 1815, gold may move up to the 1840/1845 price zone. If the FED is to Dove final target to the upside is the 1875 price zone.
GOLD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you think about this pair.
GOLD next week's trading plan!!Gold's monthly candle has just been close below the monthly strong supply level. Also it has created a head and shoulder pattern on the daily time frame meaning Gold is going to fall down to the next demand zone.
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GOLD top-down analysisHi Guys, this is a complete top-down analysis of this pair. I would suggest you keep this pair in your watch list and we will take trade if all the rules of our strategy is satisfied. If you enjoy this analysis, please like, and share with your friends.
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Gold - Potential selling opportunity setup Taking a look at the 1 Hour chart on Gold, it has gone through a sharp drop since breaking its record highs above the $2000 level.
Currently now the price in Gold has pulled back higher from its sharp recent fall and is trading in an ascending channel.
This Channel has completed a potential larger 3 drive bearish pattern in the process. Why we like this pattern is that it has convergences at the 3rd drive high which also lines up with the 61.8% Fibonacci retracement.
This current high is starting to look like there is a bit of price exhaustion just below the $2000 level as well.
What we want to see is price start to breakdown on our lower time frames and locate any smaller bearish price patterns in the process to help confirm a possible move lower. We have also drawn a lower trend line as this can also increase the probability for a move lower and expose a good point of execution if this trend line gets broken to the downside for a possible retest entry short.
If the price in Gold starts to continue its rise and trades above the pattern and $2000 level no action needs to be taken.
GOLD - A Multi Time-Frame AnalysisSince my last GOLD analysis there’s nothing new to tell, which is frustrating, because that triangle / pennant should be triggered a few days ago. Now, the impression GOLD gives us is that is moving sideways and will spoil the chart pattern without a real breakout.
The link to my last GOLD analysis is below, and I invite you to follow me to keep updated about the market, I do daily analysis here and you are welcome to join our community.
Now, the most favorable scenario would be an upward breakout, because the main target of this trade would coincide with a previous top on the monthly chart, which is around U$ 1.8k, take a look:
On the other hand, if GOLD is going down, the bears will have a hard time passing through some supports , like the support zone 1 and 2 draw in the daily chart above. In my view, these are strong supports, but if the bears manage to pass through them, the price can sink back down to U$ 1.4k again.
Also, let’s look the hourly chart:
The “war zone” is an important point to notice, it was support and resistance multiple times in the past, but it seems the bears can’t stand holding the price under that zone for too long.
In any case, GOLD would be a hard trade to do now, and a long trade would be better than a short trade because of the targets and the Risk/Reward ratio, so I desire for a bullish sign here.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
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Low risk setupNote the respected 1512 level marked and how a candle pinned the level and the yellow bar I was waiting for price to reach.
1. Rejection candle
2. Second candle is an inside bar
3. Top bollinger pinned
4. Capped trend line holding
Ideally the confirmation will be a breakout from the inside bar pattern to the down side, this is where I will look to open my short position. This setup offers excellent risk to reward ratio and the target can be provisional (reversal pattern on daily time frame).
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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Gold short !We are expecting another bearish weekly candle. However if the trend change the direction and price goes above 1540 and 1550 next resistance then we can look for an entry point to buy. In both ways you should gain profit if you find the prime entry point and use the correct risk management. Hence , market is not your friend, lots going on specially global economical slowdown, reason why gold's price is high and it may goes above 1600 or even around 1800 in 12 months time. Just dont be greedy , slow but steady and focus on pips and percentages. Good luck. Enjoy drawing your charts and Have a fantastic week of trading ..
Gold 5 to 1 R/W short opportunityToo bad I missed the exact entry at 1435. But there's plenty of room for gold to drop now up to around 1335. Looking at it from the long term perspective I'd say gold is in a Bear market rally which will take it to 1700 maybe.
So for this trade the entry is: 1425
Stop loss: 1439
Take profit: 1355-1335
Massive Explosion UP; Gold Cartel Tactics playing "Ping-Pong"Looks EXACTLY like the December 2015 / January 2016 action in gold. Massive imbalance in the COMEX COT readings along with Ping-Pong price action by the Gold Cartel aka Bullion Banks / Wall Street just prior to LIFT-OFF (i.e., shaking out of all of the weak shorts and weaker longs). Getting VERY LONG Gold Futures in anticipation for a move possibly up to $1400 by year end. Gold sentiment could not be any worse. Perfect time for MASSIVE SCRAMBLE to cover shorts by trading funds.
Gold forms another pin bar at key support zoneGold – Gold forms another pin bar at key support zone, will it move higher?
Gold has been buoyant and a potential buy at support near and just above 1300.00 key level. We can see that price pulled back last week to 1313.00 area and Gold formed a small bullish pin bar there on Friday, indicating price may bounce higher from that support again this week. More conservative traders may elect to get long down closer to 1300.00 on a signal or a blind entry there. We remain bullish in Gold above 1300.00
GOLD ( Long Term )We may get a big short on gold next week back to the 1240-1230 area. If it happens, I expect it to pull back into the 60-70's so the weekly candle will have a nice wick. Leaving us with another Monthly candle like March.
Here's my long term idea. Imagine the red arrow to fractal & be a mirror for the green arrow. When we break the green line, we may get moves similar to the ones in the orange box.
Thanks for checking my chart out!
-PP