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Gold Trend 18/10 - 21/10Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all. The downtrend on the 1-hour chart slowed down yesterday after the price jumped above the trendline(1), shifting the S-T downtrend from (1) to (1.1). Before the next break, expect the price to settle in between 1640-65(2) for now. Overall the trend is still bearish, and a new bearish signal(3) has appeared after the pullback from 1668 yesterday. The resistance at 1665(4) & the 20 days MA(5) are blocking all the climb for now. Once the price clears the support at 1640, gold should be able to consolidate further. S-T Resistances: 1670 1665 1660 Market price: 1659 S-T Supports: 1655 1650 1645 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
GOLD/ XAU Weekly Volatility Forecast 17-21 October 2022 GOLD/ XAU Weekly Volatility Forecast 17-21 October 2022 We can see that currently the volatility is around 2.73%, falling from 2.85% of the last week. At the same time, its currently place on the 91th percentile based on the ATR calculations. With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of: In case of a Bullish movement : 1.51% In case of a Bearish movement : 1.89% With the current volatility point, we have a 22.3% probability that the end of the weekly candle is going close either above of below the next channel: TOP : 1690 BOT : 1596 At the same time, there is currently a 29% probability that we can touch the previous high of the weekly candle 1701 And there is a 64% probability that we can touch the previous low of the weekly candle of 1640 Lastly, currently the rating from the moving average is around -78% indicating a very bearish trend
TVC:GOLD
by exlux
XAUUSD New Week Possible MoveTechnical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - H1 Long Time Frame #LTF : BULLISH CHANNEL - Breakout and Retest Done ELLIOT WAVES - " 12345 " Impulsive and " AB " Corrective Wave Completed Short Time Frame #STF : BULLISH CHANNEL - Rejection from Lower Trend Line #LTL , Support Level , Fibonacci Level - 23.60% ELLIOT WAVES - " 12345 " Impulsive wave completed and it will Follow Buy to Complete " ABC " Correction Buying Divergence
FOREXCOM:XAUUSD
by ForexDetective
2
Gold (XAUUSD): What to Look at Next Week 🟡 Hey traders, Gold is trading in a long term bearish trend. After a correctional movement, at the beginning of October, the market initiated a new bearish wave. The market is currently approaching 1635 - 1645 support. To catch a bearish continuation, wait for its bearish breakout (4h candle close below the underlined zone). A bearish continuation will be expected to 1620 support then. Good luck next week, traders. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
10
Gold Price Prediction In this idea I share a couple of concepts with you. The formation know as the scallop comes in 3's. These formations are in every time frame. They just one of the repeating fractals throughout chart movement. For example: 3 ascending scallops on the 30 minute would make up roughly 1 in the 60 minute chart. To keep track of this I borrow scale designations from Elliot Wave. Here in Gold if you look through my chart you will see the largest(Grand Major) set of scallops coming to completion with a double top signaling the reset into a set of 3 descending scallops. I have marked the projections as I see them playing out on a "Major Scale", but have included a possible target for the "Grand Major scale for the bottom as well as a top side for the double bottom that comes from the falling wedge that is forming coming to completion. Every fall in my opinion is a falling wedge in one form or another with slight features warped due to bullish/bearish sentiment that pulls it outside the parameters of what the constricted rules of line drawing would have us adhere to. The next step in the pattern is the double bottom that will start the uptrend. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains-ND Much love to my supporters
TVC:GOLDShort
by The_New_Disciple
2
XAUUSD Gold Next MoveTechnical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - H1 Making its correction " ABC " in Long Time Frame #LTF In Short Time Frame #STF it is making Elliot Waves and completed the " 1234 " Impulsive wave and it will make " 5TH " wave at the Strong Support Level 1615 - 1624 It is also Following Symmetrical Triangle in Short Time Frame #STF and it has Breakout the Lower Trend Line #LTL and Retested it will now Follow Bearish Moves Again Selling Divergence in #RSI
FOREXCOM:XAUUSD
by ForexDetective
2
Gold Trend 11/10 - 14/10Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25. Selling resumed after the US employment figures last Fri. After it cleared the 1700 support, an S-T resistance line(2) formed in the past 24 hours; the downward trend should continue before the price breakout from this trendline(2). The next critical support is near 1650(4) for now. A bottoming signal has yet to appear in the daily chart, where the 20-day MA become the upside resistance again. Gold should touch a new weekly low today. Within the next 24 hours, let's see if the price can resuming its position within its previous 1653-88(5) trading zone. S-T Resistances: 1676 1670 1665 Market price: 1663 S-T Supprots: 1660 1655 1650 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
Gold Trend 12/10Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2. The S-T selling trend originated from 1710 has ended yesterday after the price climbed above the downward trendline(1). Waiting for the US Fed. Minutes later today, the price is settling in a tight range between 1660-80(2). Gold's pull-back from 1684 yesterday has created a selling signal(4) on the daily chart. The trend on the daily chart remains bearish, and the resistance at the 20-day MA(5) remains in effect. S-T Resistances: 1680 1676 1670 Market price: 1667 S-T Supprots: 1665 1660 1655 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
XAUUSD Gold Next MoveTechnical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - H1 According to Elliot Waves in Short Time Frame #STF , it has completed the " 4th " corrective wave at Fibonacci Level - 61.80% It is currently standing at the Demand Zone and Rejecting from the Strong Support Level 1660 - 1665 Buying Divergence in Long Time Frame #LTF It is Following Corrective Rectangular Pattern if it Breaks the Upper Trend Line then Buy Another Reason for Buy is DXY will Fall
PEPPERSTONE:XAUUSD
by ForexDetective