Goldusd
GOLDUSD pair, bullish.First resistance to reach is the 1804.85$ mark, then if it breaks next is up again to 1834.60$.
Gold Trend 17/11Gold was again rejected by 1785 yesterday. The day began at 1778; the price was bounded by the 1770-80 range throughout the Asian & early European sessions; it jumped to the day-high near 1785 before the US session. The price stayed above 1780 for a few hours but pulled back at the US session opening. The day ended at 1773, down by USD 5.
As mentioned yesterday, selling resistance is strong above 1780(2). The trading range of 1770-80 lasted until the price cleared the support(3) early today. As the price escaped the uptrend channel(1), an S-T consolidation period should begin—the downside target set at 1755(4) for now.
An S-T peak has occurred after the price breakout from the 5-day MA support on the daily chart. 1746 is the 23.6& retracement following the 38.2% target at near 1722.
S-T Resistances:
1780
1775
1770
Market price: 1763
S-T Supports:
1760
1755
1750
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Gold Triple Top patternAs you can see in the chart, gold has printed a triple bottom pattern that usually signals the end of a downtrend.
It broke out from the resistance area and closed a few days over it, that means that the pattern is confirmed.
Now I expect a pullback till the previous resistance area(1730$) to be produced, It is a classic retest of the breakout point that could be a great long opportunity.
I will consider to enter a long at 1730$ with an stop loss order at 1683$ and if it goes well I will keep locking profit during the uptrend with main target the previous long term high 2070$.
I would be glad to see what do you think in the comments.
Gold Trend 16/11Gold renewed the 2-month high yesterday, but the selling pressure was intense. The day began at 1771; the price was bounded in a tight range between 1766-74 in early trading. It tried to clear the resistance at 1780, touching the day-high at 1786 at the US session opening. The day ended at 1778, up by USD 7.
After three attempts(2) yesterday, gold failed to clear the selling resistance above 1780. A horizontal range(3) has formed on the 1-hour chart. For the uptrend channel to stay in effect, the price must stay above 1770 in the European session and later jump above 1780 in the US session. If the price fails to do so, it will signal the bullish momentum slowing down, leading an S-T to consolidate toward 1750 in the next 24-48 hours.
It will be the first sign of the trend reversing if the price close below 1771. Also, pay close attention to the 5-day MA; if this support clears, a consolidation toward 1730 may happen.
S-T Resistances:
1785-87
1780
1775
Market price: 1771
S-T Supports:
1765
1760
1755
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Gold: Roaring TwentiesAre we repeating history and reliving the Roaring Twenties or should we call it the Golden Twenties? Gold is currently channeling all its power and following an upwards slope. Pushing up north, we're expecting the trend to stay strong to work its way above the resistance at $1824. Primarily, Gold should continue to move north as long as it remains above the $1739-mark.
Gold next movegold will fake out around the orange box above. after this he will return in the blue box under the small orange one. here he will trigger people stoploss and rise quickly. then we will see the big orange box and finally the pink line.
there is a chance that he will fake out down and go to the blue box above the small orange one. here will form the same situation as above but in reverse.
the situation where we rise is the most obvious
GOLD (XAUUSD): Key Levels to Watch This Week🥇
Here is my latest structure analysis on Gold
Support 1: 1753 - 1765 area
Support 2: 1725 - 1735 area
Support 3: 1664 - 1675 area
Support 4: 1614 - 1622 area
Resistance 1: 1801 - 1808 area
Resistance 2: 1856 - 1879 area
Bulls has recently broken 1753 - 1765 area to the upside.
For that reasons, bullish bias remains.
Watch the underlined structure carefully and look for pullback / breakout trades from there.
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Gold Trend 15/11Gold reached a new 2-months high yesterday. The day began at 1765; the price rallied toward the day-low at 1753 throughout the Asian and European sessions. As the market approached the US session, the buying resumed. Gold reached a new 2-months high at 1775. The day ended near 1771, unchanged from the day before.
The trend remains upward on the 1-hour chart as the price is still running within the uptrend channel(1). The S-T upside target sits at 1780(2), aiming to touch 1800(3) later this week.
The bullish trend started after gold escaped the downward wedge pattern(4) last week. The reversal signal has yet to appear on the daily chart, while the price has been closing near the day-high without any signs of profit-taking and short-selling in the last few trading days. Expected the upwardtrend to remaining, target Aug's peak at 1800-05.
S-T Resistances:
1785-87
1780
1775
Market price: 1771
S-T Supports:
1765
1760
1755
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🥇Gold🥇 Analyze (11/14/2022)!!!Gold was able to make a Head and Shoulders Pattern near the resistance zone.
I expect Gold will go down to the support zone after the previous bullish rally it had.
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.
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GOLD Weekly Forecast 14-18 November 2022 GOLD Weekly Forecast 14-18 November 2022
Currently the implied volatility for this asset is around 2.5%, down from 2.53% of last week.
From volatility percentile, point of view, we are currently on 34th from ATR and 60th from GVZ index.
With this volatility percentile values into account we can expected on average that the weekly candle is going to be:
1.7% for bullish
1.8% for bearish
With the current IV, we can expect with a 77.7% probability that the market is not going to close either above or below the next channel:
TOP: 1816
BOT: 1726
Lastly, based on previous calculations, we have:
70% to hit the previous weekly high of 1773
30% to hit the previous weekly low of 1666
Gold in Trend, but watch outFolks,
Morning. Been a while, since I have been here. I strongly believe GOLD will be the best performer in 2023. But we have to be bearing a little more patience.
We have seen a strong breakout (still going) but with a possible bounce from support in DXY, GOLD could be ready for a pullback. I will not be surprised if we see a little more upside in GOLD.
I have been missing out this breakout, so i personally wait for it's 50% pullback to be ready for a 2nd leg and then holding on for my longs in 2023.
NFA!
Gold (XAUUSD): Bullish Rally Continues 🟡
Hey traders,
Gold is unstoppable.
The market keeps breaking horizontal key levels on a daily.
Confirmed violation of 1758 - 1765 resistance on Friday,
makes me think that the market may go even higher.
Next resistance: 1800 - 1807 area.
The market looks quite overbought to me, I would suggest buying only after a pullback.
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SENARIO 1 GOLD ( XAU USD) 4H LONG ( 11.09.2022)A return to correct and breathe and start the third ascending step
The final goal has been determined, but at first, avoid risk and save profit.
The ultimate loss limit at the beginning of the second step is bullish and after that the sentiment will most likely be bearish.