GOLD LONG TARGETI entered the LONG position on GOLD at the price of 1787. My target is close to 1830. I am constantly moving my SL higher to save my profit.
Goldtradeidea
Gold long opportunityEither gold will reverse right now and breakout or take support from the green trend line and then go to the red line and breakout.
Reason: reason for gold to be bullish is the FED interest rate hike on March,22 which will create panic in the stock market and make commodities ( silver , gold ) bullish
Trade Idea for Gold on 4H TFA huge drop on Gold. It is possible that price can begin to retrace during the Asian session and London session to build up momentum to continue to the downside. Wait for a solid retracement and resistance to form. Once price begins to reject, there is a strong possibility for price to retest the lows that were created today.
1.Strong impulse Bearish candle
2. Major Level of Support
3.Strong Possibility that price can reject 1812.50 and begin to pull back
4.Strong possibility that price can pull back to 1823.50 or 1827.70 to form resistance to continue to the downside
Gold is still in an uptrend as long as above the $1800....Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart.
In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the fundamental factors are still favoring the gold against all the major pairs.
So, fundamentally gold is in an uptrend, there is no doubt. But, even in the higher time frame, gold is in a long position.
In the h4 chart, gold is rising, testing trendline support and dropping trendline resistance.
$1830/1835 makes a strong resistance level from the present rate. Often, gold tested to break the $1830/1835 price, but the market was unable to break above the strong resistance level of the $1830/1835 zone though all the fundamental factors are supporting.
So, we should wait to buy gold until it breaks above the $1830/5 price zone or tests nearly trendline supports the $1805/1807 price zone. Because $1807/$1800 creates strong trendline support as well.
If we buy from the $1805/1800 price zone, our stop loss is below the $1796/1795 Price zone. And upside target is $1830, the next target is $1855, and finally $1865/1870 price zone.
On the other hand, if gold breaks below the trendline support $1800 price zone, we may short gold and target should be near $1780/1785 price zone and final target to the downside is $1760/1765 price zone.
Gold Challenging Its Trendline SupportGold is challenging its long-term trendline support. However, gold's market movement doesn't seem that investors are scared about Omicron variation.
Breaking below $1760/1765 will invalidate its uptrend from August 2021. If we see gold price breaks below the $1760 price zone, we may go short. Our first target to the downside is $1725/1720, and the final target is the $1680/1685 price zone.
On the other hand, breaking above $1792/1795 will open the door to long-term buy. The first target to the upside is the $1830/1835 price zone, and the final target to the upside is the $1900 price zone. Let's see what happens.
This is neither signal nor advice. It is just a personal view. If t=ou think this analysis helps you, let's like comments and share.
Gold Weekly Analysis: Buying Pressure Persists (November:15-19)Gold prices have been on an impressive run the past few months, climbing from $1,540 at the beginning of September to a high just shy of $1,867 last week.
However, that might be about all people who will get out if higher inflation numbers and geopolitical tensions continue weighing heavily into risk sentiment. It has seen increased expectations for rate hikes in America stimulate demand for precious metals over time despite their reputation as hedges against economic uncertainty or currency devaluation.
This situation has brought fundamentals back into focus as risk sentiment for precious metals evolves in 2017-2018; we can't predict what will happen next, but it seems like things are getting interesting. It is expected gold has chances to test above $1900 or more.
W hat happened last week?
The 10-year US Treasury bond yield broke below 1.5% last week and lost more than 3%. It allowed gold to push higher at the start of the previous week.
The Federal Reserve's Monetary Policy Committee Members were split over whether to raise interest rates this year or wait until next year. It caused a lot of turmoil within currencies around these parts - which have shown signs lately saying it may be time for economic stimulus again after everything calmed down during QE3 following Lehman Brothers' collapse.
What About The Next Week?
October's Retail Sales data will be released on Tuesday, and it's possible we could see a weaker-than-expected print which would revive concerns over inflation impacting consumer activity negatively. However, an upbeat reading may help risk flows return to markets limiting XAU/USD's upside movement. But gold, as long as above $1800, will be considered as an uptrend market. So, any downside correction may be the chance of buying opportunities.
There are not so much market-moving data to be released in the next week. So, investors and traders will care about inflations, 0-year US Treasury bond yield moves, Retail sales reports, and any comments from FOMC policymakers. I think these four factors are enough to understand the gold market from the view of fundamental analysis.
Technical View:
Technically gold is in an uptrend, and there is no doubt. But gold stuck below the resistance level of $1875. So either we should buy gold after breaking above $1875 or after downward correction nearly $1850 price zone.
H4 Chart
From the present rate, immediate support is identified at the $1850 price zone. The next significant support shows the $1835/1830 price zone. I don't think next week's data are enough to break below the $1830 price zone unless any unexpected things happen.
On the other hand, immediate resistance is identified at the %1870/1875 price zone from the present rate. Breaking above the $1875 price zone will open the door for the $1900/1910 price zone.
I expect the market will ring next week between the $1875 to $ 1830 price zone if the retail sales report prints positive or the $1875 to 1900 price zone if the retail sales report comes negative.
Gold Weekly Analysis: As long as above 1760, its uptrend. Gold suffered heavy losses last Friday. In addition, the 10-year US Treasury bond yield rose more than 1% on Friday, indicating that investors are becoming less confident in the economy's stability and strength of their earnings potentials.
However, the latest retail sales report shows positive economic data like better-than-expected retail figures for October 2021. In addition, it is a positive sign that the upcoming asset purchase program may start soon from Federal Reserve Chair Powell next month. These reports and investors' optimism sent XAU/USD crashing down to $1763, and the market closed at 1766.45 price zone on Friday.
The October Manufacturing Survey from the Federal Reserve Bank of Philadelphia and the weekly Initial Jobless Claims data from the United States will directly impact the gold price.
If the report indicates that economic growth is slowing, which could impact investors' confidence in the coming quarter, that may negatively impact the USD.
Bond VS Gol's Move. See the chart. When bond rate drop, gold price rise. When Bond rate rise, Gold price drop.
There has been no significant increase seen after four consecutive quarters of positive figures ahead of current results. The latest available data was released earlier last week due to weak overseas economies such as China's manufacturing sector, which slowed down again last month.
Gold is likely to come under bearish pressure in case the greenback capitalizes on rising yields. The benchmark 10-year US T-bond yield has maintained above the key 1.5% level despite weekly declines, but this could change with more economic instability expected soon.
Technical View
Gold dropped massively last Friday, but it is still in an uptrend. However, it is hard to say that the gold will break below the ascending trend line or continue its uptrend next week.
As long as the gold price is above 1760.00, we must not think about selling gold, though retail sales printed positive last week. From the present rate, an initial resistance is identified at the $1780 price zone. Breaking above 1780 may open the door for the $1805/1807 price zone. To the upside, our final target is a $1730 price zone.
On the other hand, breaking below the uptrend will be invalid. Gold's price breaking below $1760, our downside first target is $1750/1745. after breaking below $1745, our final target is the $1725/1720 price zone.
Gold Price Forecast: FOMC is major market mover for next week.Gold prices continued their downward trend on Friday, with XAU/USD trading down 1.87%. The sell-off takes price into a critical support pivot, and we're looking for possible inflection off this threshold in the days ahead, as there is an update from The Federal Reserve next week about interest rates that you need to know. Look back at my analysis, I had mention gold will drop, and that happened.
Firstly, I collect fundamental data, and then I research the fundamental conditions of USD and Gold. Secondly, I use price action analysis for reading charts. Finally, I combined the fundamental and pure price action analysis.
Fundamentals across different asset classes like precious metals where demand has been growing. Due primarily driven by new investors entering equity markets (which can lead people who want diversification away from risky assets) while also providing additional safety protection given recent political events abroad.
What Happened Last Week?
Last week one of the FED members delivered a hawkish statement. The U.S bonds also rose. If us bonds rise, the standard theory is gold will drop. Even, technically gold sucked below the descending trend line. These are some issues that happened last week. As a result, gold dropped.
But they are not much important from my view that gold dropped last Thursday. The market is expecting a hawkish statement that will help in the next week. As a result, the market was priced in that issue. It is one of the biggest reasons that gold dropped.
Next week's market mover data:
September is a busy time for event risk. Next week will undoubtedly bring its fair share. The data releases are sure to see reduced importance as we wait with bated breath to hear what Fed Chair Jerome Powell has in store at his press conference on Wednesday morning.
On Monday, September 20th, NAHB's House Index comes out. It gives insight into how our housing market is doing overall.
On Tuesday morning brings two reports:
Building permits report, which shows construction activity over time.
Existing home sales report every week so you can see if there was any change when it came down.
On Wednesday has Powell's press conference scheduled alongside more detail about what he plans on staying at
The US Chicago Fed national activity index, weekly jobless claims figures, and the September Markit manufacturing PMI (flash) are all due on Thursday.
On Friday this month, we have new home sales, which will be released by the Census Bureau as well.
Federal Reserve Chair Powell is scheduled to deliver a speech at an event in New York City called "The Future of Work. Suppose the FED delivers a hawkish statement in the next week during FOMC. I think gold will test 1680/1685 very soon. So, during FOMC, there is a good chance to trade gold.
Technical View:
From the present rate, 1745/1750 is a strong support zone. If the market breaks below the 1750 zone, our next downward target is the 1725/1720 price zone. From the 1720/25 price zone, we may see a correction to the upside.
But if FED delivers a powerful hawkish statement. The market may drop below the 1720 price zone. But I think that won't happen. The U.S. economy is not such strong that it will deliver very positive comments. So, don't expect much. Even some significant economic reports also came negative.
However, if FED disappoints investors and delivers a dovish statement market may test the 1780 price zone again. Breaking above 1780 will open the door for the 1800.00 price zone.
From the present condition and chart says, 1800/1810 is an extreme resistance. But in case if the market can break above 1810, there is no doubt that the market will test the 1830/1833 price zone again. At least for the next week. If not, something happens unexpectedly. I don't think the market will be able to break above 1830.
XAUUSD : WEEKLY TRADE PLAN Gold has risen in three weeks due to a weaker dollar.
CPI data for the US was released on September 14th, and the earlier CPI data was 0.5 percent.
We may see a sideways market in gold this week.
I see a pullback around 1808 and 1800 as an opportunity to go long gold before the US CPI data is out.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
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 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.
#TradeLikeMagnatrio
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 has created bull flagHi Traders,
GOLD has created a bull flag on the lower timeframe and it is highly likely that gold will have a breakout to the upside.
it is likely this instrument will touch the monthly fibonacci 38.1% @1815.00 at least.
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.
If you like this analysis please make sure you thumbs up and drop a comment.
GOLD top-down analysisHi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the conditions of the strategies are satisfied. Press like Button to support this video and let me know in the comment section if you have any questions.
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.
Also, there is link below for my free telegram and YouTube.
Thank you for your support.
GOLD top-down analysisHi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
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.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Gold Bearish TargetDear Followers
Gold break trend line at 1699$ and now trading at 1690$ ... Sell Below Trend Line
Seller regain control on market and now we are looking for the Target of given on the Chart...
use stop loss above Trend Line and use smart lot size.
thanks
