GOLDVIEW BULL TARGETS OPENWe have drawn our support and resistance levels using our gold turns. We can see areas of support for retracements, which we will look to add to our longs and close and shorts. We are looking for these levels to be tested with EMA5 for further confirmation. We already have advanced signals confirming these moves from last week. We are now breaking down these levels and identifying areas of retracements for entries and exits. 1868 has been broken with our EMA5 and confirmed with candle body close confirming 1878.
We keep saying this and we stick by it, a simple trading strategy applied consistently with some strong money and risk management is what you need to make consistent wins. DO NOT OVER COMPLICATE IT!
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GOLD retest and bounce to the upside!! (AN UPDATE POST NFP NEWS)1. As expected in my previous analysis,
we were expecting a clean BO to the upside.
because what drives the market like this?
that's right, major news like NFP does.
2. Previous higher time frame candles closed were
very bullish. that gives us conviction to go long
on this pair.
3. NFP news was bad for the USD
4. Price established a good support at 1807 area
in the previous day.
5. I'd also like to point out on the previous day, price wasn't able
to continue the momentum to the upside indicating that
big guys were waiting for the news and it's typical for the
gold to react this way a day before NFP.
6. With this, I'm expecting the price to drive higher past 1830 level.
GOLDAs we can see, price fell this past week because of an order block (which was signaled by the manipulation that occurred at around 1830). Price then brokedown and came back to retest the Order block zone, giving us confirmation and an opportunity to open a position. An order block has been formed again on the M15 and I'll be waiting for price to retest the Order Block zone (at least the 0.5) before going long to give me a RR of 1: 13... Im open to any movement though. I respond to price not predict it.
*Disclaimer*
This is not financial advice. Forex trading is very risky. Trade at your own risk.
#Trade_Like_A_Magnate
XAUUSDAccording to Gold daily chart the bearish trend has been started a few days ago which has retraced about 23.6% of the bearish move.
It is also dealing with its 20 moving average and if Gold could break this MA the Price would move down to 1848.33 which might be the first support .
If Gold would break this support level the bearish trend continues and next Moving Average which is 200 will be another support level for it.
According to the previous bearish trend which happened to Gold another support level for cold would be about 1764.60.
.
Therefore the Stop Loss in this Short position could be somewhere around the previous top which is about 1951.87
.
Please share your ideas in the comments
XAU LONG, TARGETS 1950-2000+, CUP AND HANDLE PATTERNHello,
I wanted to do a technical analysis on gold from my point of view.
After creating a double bottom at previous support and going up, now price sits at downtrend line.
Formed the cup part of the chart pattern, now from here we can see a small pullback to 1850 area (this is where I would buy gold or long it as can seen on my chart) to form handle part, and start a bullish rally upwards, to first strong resistance at 1950 (which is also the handle length target). According to cup and handle pattern, then it should reach to 2000 afterwards.
TA is very bullish, and fundementally gold prices are expected to go up too, in my opinion.
Good luck, follow me for more setups and cheers.
XAUUSD (GOLD) BUY from key level hello friends as u can see our previous entry on gold from 1680 area and we are still holding those entries with revised @SL for long term
Gold has closed on Friday above 1720 levels which had already achieved our TP1 on previous analysis now gold best buying entry levels are near 1700- 1710
this will be a safe buy for those who had missed entry from 1680 Friends we love and appreciate ur support to the channel
Push like and comments Follow us for more updates
XAUUSD (GOLD) SELL FROM KEY ZONEAs i am watching this pair we already achive TP-1 on our previous analysis @1797
as i told u you guys after breaking strong support zone @1850 which was the most important level
for gold now it become a resistence and we are expected a retrace till 1825 -1830 zone and after that gold will start
drop again till new given Tp Friends push like and comments Follow us for more updates
XAUUSD SHORT OPPORTUNITYLeave a like to support the idea and follow us for more free signals analysis
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Is Gold Ready for a retracement to retest the H4 Trendline?It was a long wick H4 pin bar candle when it tests the 1818 zone, a strong indication of rejection. Currently, I believe Gold needs a retracement based on technical analysis.
Catalyst:
This week
- US Jobless claims
- US PPI
Next week
- CPI
- Treasury Currency Report
- Sales data
- G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
Gold NFP forecastIn the previous analysis, It was an excellent trade and reached the target zone (Please click the arrow on the chart to see the analysis).
Yesterday in the US session, we tried to BUY at 1775 but got stopped out at 1774 when US PMI data released. Then the chart showed a nice rejection candle after FOMC at 1759. My clients bought at 1762-65, and it reached some of our targets already.
Currently, it's still in consolidation inside 1765-1775, we all waiting for NFP, earnings, Jobless rate, and Jobless claims data.
Based on the price action, I reckon if it can break out and close above 1775, XAU will keep climbing to 1783, and the final target will be at 1795. But if it breakout 1765 and can breakout and close below the trendline, I reckon XAU will fall to 1740.
I rarely post an analysis that calls both sides of the possibilities, but right now, I'm neutral, it will depend on the US data, and we will react accordingly.
NFP is going to be wild, please trade safely!
Weekly forecast It was an excellent rejection on the H4 time-frame, and last week the market closed above the major resistance at 1765, a good sign of bullish continuation.
Fed Chair Powell is going to Testifies this week, US ADP, NFP, Jobless rate, and Unemployment claims will give a strong catalyst.
PS: This analysis fails if H4 candle can breakout and close below the trendline
Here's our last trade, I sent this analysis to my clients, and posted it o my previous XAU/USD analysis
GOLD - XAUUSD MID WEEK ANALYSIS , MAR 25- 28Right from starting of the week , its been bullish movement for GOLD, I like to remind everyone its starts with Bullish Engulfing candle on Monday,
Engulfing candle set up favours gold with bullish momentum all over the week to reach the 1710 which is going to be the yearly high .... hope tomorrow it stays with sideways before reach the top...
Gold miners - laggards in a rallyGold is rallying very hard, and the GDX Gold miners ETF is lagging behind. It is only a matter of time before it catches up, and is already beginning that catch up journey. This morning, it is up 1.5% and launching off, after a higher low bounce off a support region (grey box). Technicals are supportive, as is correlation to Gold prices. The MACD crossed up after consolidation. By next week, it should be breaking out over the trendline, and upside is >15% to target.
Gold: Bouncing on SupportPotential bullish bounce pattern for Gold.
The buy zone is set where the two resistances cross ($1551).
Target levels are:
$1559
$1562
Stop:
$1548.7
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.