Gold (XAUUSD): Detailed Technical Outlook 🟡
Hey traders,
Here is my multiple time frame technical outlook on Gold.
Analysing a weekly time frame, I spotted a solid horizontal supply area.
1870 - 1920 is the zone from where a bearish wave may initiate.
On a daily time frame, the price is steadily growing within a rising parallel channel.
For now, I would consider trading its boundaries: selling its resistance and buying its support.
Alternatively, a bearish breakout of its support may trigger a massive sell-off.
I will post an update once I see a decent confirmation.
Good luck next week!
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Goldusd
🥇Gold🥇 Analyze (Short term, 01/06/2023)!!!It seems Gold is making the rising wedge.
I published two positions with you (Long&Short).
We must find a trigger to open a short position (carefully).
Gold Analyze ( XAUUSD ), Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🥇Gold🥇 Analyze (Short term, 01/05/2023)!!!Gold reacted well to the heavy resistance zone.
Gold is moving in a descending channel after reacting to a heavy support zone.
From where we can see a regular divergence (RD-) between the MACD indicator and Gold price, and also in the RSI indicator, a head and shoulders pattern was formed, and it is expected that gold will decrease at least after the breaking of the uptrend line to the support zone and support lines.👇
Gold Analyze ( XAUUSD ), Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold (XAUUSD): Time For Correction! 🟡
Gold is trading within a rising intraday parallel channel.
Approaching its resistance, the price formed a double top pattern.
It will most likely initiate a local correctional movement.
Goals: 1832 / 1820
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Gold (XAUUSD): The Structure to Watch 🟡
Hey traders,
Gold keeps growing.
Analyzing the key levels on a weekly time frame, I spotted 1870 - 1920 area.
It is a major supply zone from where we will expect the next pullback.
Patiently wait for the test of that area and then wait for a confirmation to sell.
I will post an update once I spot a confirmation.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 January 2023 Volatility Analysis GOLD January 2023 Volatility Analysis
Currently the volatility for GOLD is at 4.46%, down from 4.48% last month.
From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 4.782%
Bearish : 2.385%
With this in mind we have currently 73.2% that the market is going to stay within the next channel
TOP Limit: 1905
BOT Limit: 1741
If we are going to take a look into the previous monthly high and low points, currently there is a :
71.08% to hit the previous monthly high
26.93% to hit the previous monthly low
Lastly from the technical analysis point of view, currently
Weekly Timeframe : 80% of rating moving averages is indicating BULLISH
Monthly Timeframe : 92.73% of rating moving averages is indicating BULLISH
Gold Ascending ChannelGold, which has been in the ascending channel for weeks, has risen to the upper resistance of the channel again. A voluminous breakdown of this resistance will target the $1868 resistance. With the rejection of the resistance, if the $1820 support is broken, a return to the $1800 levels may come.
GOLD (XAUUSD): 2 Scenarios For Next Week Explained🥇
Hey traders,
Analyzing a price action on a daily time frame, I see 2 potential scenarios for Gold for next week.
Bearish Scenario
From a sellers' perspective, the price formed a rising wedge pattern.
Its support breakout (daily candle close below) will be a strong bearish signal.
I will expect a bearish movement at least to 1788 then.
Bullish Scenarios
From a buyers' perspective, however, I see a classic ascending triangle.
1817 - 1833 is its neckline. If the price breaks and closes above that on a daily,
a bullish continuation will be expected. Next goal will be 1860.
Wait for a breakout, that will clarify the future direction of the market.
What do you expect?
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Please, support my work with like, thank you!❤️
GOLD ANALYSIS GOLD Daily Timeframe, What happening now is the re-accumulation which usually signifies two things, The trend about to continue with a very strong bullish move or a deep retracement about to happen ,so for that scenario price is accumulating toward 1848 point of imbalance, which might try to hold the price and maybe cause a deep a pullback to around 1700 ,Or if that imbalance is taken out then price could rally to 2000
Gold (XAUUSD): Still Bearish Outlook 🟡
Gold has formed 3 doji candles in a row on a key weekly structure resistance.
After a multiple attempts to break the underlined area, the price is still stuck within.
I believe that bears may push the market after holidays.
Be prepared for a bearish wave.
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Gold (XAUUSD): Before The Market Closes 🟡
The last update for Gold before Christmas!
As I told you many times: the price is stuck on a key weekly structure.
The price formed 2 doji candles on that, signifying the weakness of bulls.
Analysing the price action on a daily, we may spot a sharp bullish impulse that initiated in November.
However, closer the market was to the underlined resistance, slower it became.
The price formed a rising wedge pattern, approaching that resistance.
Yesterday, gold has nicely retraced from that, setting an equal high.
While the market remains weak, I believe that the price will keep trading within the boundaries of the wedge.
You can consider scalping its boundaries, or you can wait for a bearish breakout of its support (daily candle close below) to short.
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Please, support my work with like, thank you!❤️