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Gold Trend 11/08Gold was once again rejected by 1800 yesterday. The day began at 1794; the price has consolidation toward the day-low near 1794 before the buying picked up again. The price has reached the day-high near 1807 after the US released its inflation figures, however, buying failed to carry on. The day eventually ended at 1791, down slightly by USD 3. The upward momentum has slowed down in the past 48 hours, and the resistance above 1800 is still relatively strong. Early in the Asian session today, gold left the uptrend channel(1) in the 1-hour chart, officially ending the uptrend that originated on July 21st from 1680. Until the next trend is formed, expect the price to trade in the 1773-1800 range-bound. Meanwhile, gold has escaped the daily chart's downtrend channel(5). Entering a period of range-bound or consolidation, the buying around 1780-87 still supports the market. In the next two trading days, it will be the first sign of the price turning downward if the price close below 1780 on the daily chart. S-T Resistances: 1800 1795 1790 Market price: 1789 S-T Supports: 1780 1770-73 1765 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 09/08 - 12/08Gold rebounded USD 14 yesterday. Back from the weekend, the market opened at 1774, and the price has traded mainly between 1770-80 throughout the Asian & European sessions. As the trading hours approached the US session, the price cleared the resistance at 1780 and jumped to the day-high at 1790. The day ended at 1788. In the 1-hour chart, gold is still maintaining its path within the uptrend channel(1); however, the buying above 1790 has been weak since the US employment figures last Fri. An S-T resistance line(2) has formed in the past 24 hours; if the price clears the selling resistance from the line, the price should be able to reach 1800. On the other hand, if the price fails to stand above 1790 in the next 24 hours, gold may naturally escape the current uptrend channel, triggering a round of consolidation. The rally yesterday has led gold to test the resistance of the downtrend channel(3) again, continued to tangle by the 1780-87 resistance zone. Notice that if the price stays above 1780, it will escape the downtrend channel(3), ending the bearish trend. S-T Resistances: 1800 1795 1790 Market price: 1785 S-T Supports: 1780 1770-73 1765 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
2022/8/10 15:30 XAU/USD analysePivot Point: 1794 Currently: Resisted at 1783 and retraced back to 1775 Reaction: Consolidating at this 1799 level , its next support zone is at 1808 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
TVC:GOLDShort
by idealcase
GOLD is in buy zone!!GOLD ( 4H ) has created strong bullish price action. The price has just broken out of weekly resistance and has formed a Doji ( Middle man ). There is another confluence for GOLD to rise is that the price has made a fake breakdown previously and created a double bottom and started the move in the direction of the trend, which is basically liquidity grabbing. A buying opportunity from the support shown in the image. Thank you for visiting the idea. Press the like button if you find value in it :)
TVC:GOLDLong
by ForexWizard01
GOLD (XAUUSD): How to Catch The Next Bullish Move🥇 Hey traders, Gold nicely reacted to a key weekly structure support in the middle of July and the market was growing for 3 consequent weeks. The market is approaching a key weekly resistance now. To catch the next bullish move, you should wait for a bullish breakout of 1780 - 1805 area. Its bullish violation will trigger a bullish continuation to 1870. I believe that Gold is quite overbought locally and we may see a correctional movement from the underlined resistance first. Be patient traders, if I see a good shorting opportunity I will share that with you! Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
Gold Intraweek Technical AnalysisGold Intraweek Technical Analysis: Gold withnessed a bullish week. The price took rejection from 1795 twice. This may be the start of a downward movement as the US dollar index DXY is on fire after better than expected non farm payrolls. The weekly support lies at 1750. The two main supports for coming week are 1767 and 1750. My idea is that in coming week gold is going to take support from 1770 or 1750. I am still bullish on gold with weekly target of 1785 and 1800 with long term target of 1850. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
OANDA:XAUUSDLong
by JBShark
Gold Trend 04/08 Gold traded in a range-bound yesterday. The price touched the low at 1754 early in the Asian session, and the climb continued until the price reached the day-high at 1772 at the US session opening. The day fluctuated in a USD 18 range, with the price slightly up by USD5. The overall structure in the 1-hour chart hasn't changed much as the uptrend channel is still dominating the S-T trend. The price behaved quite well within the 1750-72 range yesterday. The market is now shifting its focus toward the US employment figures, expecting the price to remain range-bound between 1755-80. The reversal signal mentioned yesterday remains in effect. Unless the price closes above 1773 in the next few trading days, the price should turn south soon. S-T Resistances: 1785-87 1780 1770-73 Market price: 1770 S-T Supports: 1765 1760 1755 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 02/08 - 05/08Gold rallied to a 2-week high yesterday. Back from the weekend, the market opened at 1765; once the price touched the day-low at 1758 during the Asian session, buying began. Gold touched the day-high at 1775 at the opening of the US session, with the day ending at 1771, up by USD 6. Although gold has reached a new 4-week high at 1780(1) early in the Asian session today, buying seems to have slowed down above 1770 on the 1-hour chart. The uptrend channel(2) is still valid. A consolidation may begin after the price got rejected by 1780. A new round of selling toward 1754(3) will start if the price clears the S-T support at 1770-73. 1780-87(4) is a critical resistance zone on the daiy chart. If the buying momentum fails to carry on today, expect the price to consolidate between 1755-80 in the next 1-2 trading days. S-T Resistances: 1785-87 1780 1776 Market price: 1774 S-T Supprots: 1770 1765 1760 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