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.
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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.
Gold - Short paper gold, long physical metalTwo weeks after our last update, we still remain bearish on gold in the short term and expect it to hit 1 600 USD. Our view is based on a combination of fundamental factors like high-interest rates, strong U.S. dollar, and more economic tightening in the foreseeable future. Despite that, we remain bullish on gold in the long term and believe it will provide a great buying opportunity in the coming months. With that being said, we are long physical metal and short paper gold.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish.
Illustration 1.01
Illustration 1.01 shows the daily chart of XAUUSD and the sloping resistance connecting March 2022 high and April 2022 peak. Yellow arrows indicate bullish breakouts above the resistance and subsequent invalidations.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are all bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Gold Daily OutlookGold halted its three days rally ahead of US CPI data. US stock markets lost their shine after Republicans gains modestly in the Midterm election. Any weakness in US inflation will push the yellow metal further higher. The US dollar index pared some of its gains after hitting a high of 110.64.
Gold has an excellent catalyst for upsideW Formation is forming nicely on Gold and we are just waiting for a breakout.
There are MANY elements to include in this analysis.
1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up.
2. The downtrend has broken and the price has entered into a bull market.
3. Investors are most likely going to a safer haven since the Binance VS FTT Soap Opera drama shook the crypto world where the coin dropped 80% sending Bitcoin and Ethereum 15% and 17% down in just 24 hours. This has spooked the market and has most likely scared investors back to gold.
I'm waiting for a breakout $1,740 but have a bullish bias
Target $1,840
Your thoughts?
Trading opportunity for XAUUSD GOLDBased on technical factors there is a Long position in :
📊 XAUUSD - GOLD
🔵 Long Now 1711.660
🧯 Stop loss 1692.498
🏹 Target 1 1729.000
🏹 Target 2 1743.000
🏹 Target 3 1762.000
💸RISK : 1%
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GOLD (XAUUSD): Technical Outlook 🥇
On a today's live stream, we discussed Gold.
Currently, even though the market remains bullish since Friday,
the price is stuck within a wide horizontal trading range.
To me, the recent bullish move looks like just an extended correction.
1726 - 1735 area is the resistance of the range.
1614 - 1623 area is the support of the range.
1664 - 1675 area and a recently broken trend line compose the intermediate support cluster.
For now, it looks like the goal for buyers is the resistance of the range.
I will look for shorting opportunities from there.
Alternatively, its bullish breakout will trigger a bullish wave.
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2X GOLD 1D Tech. Analysis!IF Gold doesn't break through this resistance i think price will range in between 1625 and 1725 area until the market news comes to a solid direction!
XAUUSD Gold Next Possible Move#XAUUSD ( Gold / U.S Dollar )
- DOUBLE BOTTOM Pattern in Long Time Frame #LTF and Rejected from the Daily Support Level
- LEADING DIAGONAL in Short Time Frame #STF Breakout of Upper Trend Line #UTL and Retest
- Break 0f Structure #BOS and Retracement
- Buying Divergence
- If Rejects then Buy if Breaks then Sell
GOLD Short Postion (4H, Daily)Hi every one
gold is in the downtrend channels upper band, if close a 4H candle is below that it can bleed again, stop loss for short positions is above 1690, if downtrend continue will be a huge profit in daily TF,
please share your opinion in the comments
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20 REASON WHY SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: structural Down
Monthly : structure extremely bear but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲
weekly : a big Imbalance after it prices are going down and down 🥺
so the bigger picture is not clear and in bear favor
1 Structure analysis time frame :DAILY bear ABCD
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: HIGHER LOWER
4.2 entry move : IMPULSE
5 Support resistance base :H4 BEAR ORDER BLOCK\
6 FIB: WAIT TILL TRIGGER EVENT
7 candle Pattern: REVERSAL
8 Chart Pattern: TRIPPLE TOP REVERSAL
9 Volume : BIG VOLUME NEAR TO RESISTENCE EXCUTION VOLUME
10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS TO BEAR
11 Volatility measure Bollinger bands: VOLATILITY DIVERGENCE
12 strength ADX: BEARS ARE IN POWER
13 Sentiment ROC: BEARISH
14 final comment : SHORT
15 : decision : SELL
16 Entry: 1675
17 Stop losel: 1685
18 Take profit: 1630
19 Risk to reward Ratio: 1:5🥰
Excepted Duration : 5 DAYS🥰