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Goldtradingsetup

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!
FX_IDC:XAUUSD
by GoldCartel
7
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
FX_IDC:XAUUSDLong
by GoldCartel
10
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.
AMEX:GDXLong
by Auguraltrader
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.
OANDA:XAUUSDLong
by Investing_Fellow
GOLD LBLS Combo two Important Down LevelThis analysis is done with the help of LBLS LongBuyLongSellIndicator The script is here that you can refer to know how this simple script works for all market Basically LBLS indicator and two timeframe used for this analysis 1Hour and 4Hour. Look at the inclination ,both time frame started making black candle that is the sign of Bear Trend . What will be the settling level of Gold ,,, As per the 1H 1509 will be the first level and as per the 4H 1500 will be settling level of Gold. this may be coming within this week end. Like ; Share ;Comment and provide your view .
TVC:GOLDShort
by MarxBabu
2
GOLD - THE ONLY WAY IS U... down?Gold looks very bearish along with silver. Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates potential support/resistance . Green line indicates t/p. Arrows indicate the overall trend This is a log chart. This chart is made using fib channels. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
TVC:GOLDShort
by Halams
Gold Trend: Uptrend Or Downtrend ?As Per Pattern Analysis On Daily Charts In TVC:GOLD there is Two Pattern Formed 1st Triangle Pattern Breakout Possible: Which Can Be Up Or Down. As Mentioned In The Chart Breakout Above $1315 Will Lead Gold Towards $1336 . One Can Buy With Stop of $1307 After Breakout Or Breakout Below $1303 Will Lead Further Downfall Towards $1280 One Can Short With Stop of $1314 After Breakout. 2nd Ascending Triangle Pattern Breakout: Which Will Lead To Upside In Gold
TVC:GOLD
by deepanshu422
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.
FX:XAUUSDLong
by kaotic363
7
Gold Alternate Count (Bearish Trade Setup) Elliott Wave AnalysisIn the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has. Alternate count in Green. However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave B of a Flat correction. This is all evident to the fact that the double bracketed Wave 5 looks more like a 3 leg up. Hence short positions can be initiated below 1257 keeping stops above the current swing high of 1264. Expect min, target 1251.82 and 1244.61 or even lower. I will update further as this market progresses.
FX:XAUUSDShort
by NeeravYadav
6