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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
Gold Trend 03/08Gold eased off from the new high yesterday. Affected by Chins-U.S. tension in the past 24 hours, the price was bounded by the 1770-80 range early in the Asian session yesterday. Gold touched a new high at 1788 at the U.S. session and pulled back before the day's end. The market eventually closed at the day-low 1760, down by USD 11. As mentioned yesterday, the buying above 1780(1) has been weak. Althought the uptrend channel(2) is still dominating the trend on the 1-hour chart, gold is due to an S-T consolidation for the moment. As the price cleared the 1770-73 support, it reached our target of 1755 early in the Asian session today. 1770-73 becomes a critical resistance now; expect the price to trade between 1750-72 in the next 24-48 hours. Gold was rejected by the 1780-87(4) resistance zone; the pullback before the day's end yesterday has created a reversal signal(5) on the daily chart. The previous horizontal range(6) is still valid; the downside support can be set at the 10 days MA. S-T Resistances: 1785-87 1780 1770-73 Market price: 1767 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
2022/8/3 11:40 XAU/USD analysePivot Point: 1766 Currently: Consolidating at this 1773 level , its next support zone is at 1780 Reaction: Resisted at 1762 and retraced back to 1759 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:GOLDLong
by idealcase
Gold is trapped in a bull flag before the FED Interest Rate!Technically, Gold have been trapped in a bull flag since 22 July 2022, a clear violation of this bull flag will send price to 1760. Fundamentally, The Federal Reserve is expected to raise interest rates by three-quarters of a point later today, its second hike in a row of that size. We are keen to learn of how the market will react to this. Definitely, Gold is one of the assets that will be affected in price dramatically. Trading suggestion on Gold. On a technically standpoint, a clear violation of the bull flag traders can take short term buy positions to 1760 making sure that we are not trapped in trades before the big event as the market would be volatile by then. It is also wise to wait for the Fed Rate hike release for the market to digest the information for clarity as to where the market would be headed to. If you like this idea please be kind to leave a like. If you have any question please feel free to ask in the comment section below. Trade smart
TVC:GOLDLong
by Forexintelligence_NA
GOLD (XAUUSD): Important Zone to Watch 🥇 Hey traders, I spotted a peculiar confluence zone on Gold. The price is currently approaching a major falling daily trend line. It matches perfectly with a completion point of a harmonic ABCD pattern on 4H time frame. I will expect a pullback from the underlined yellow zone next week. Target - 1745 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
14
Gold Forecast/Idea XauUsdTwo Scenario The first scenario with a probability of 55%: Breaking the daily resistance in the price range of 1800 and hitting the price range of 2075-2080. The second scenario with a probability of 45%: Hitting the resistance of 1800 and returning to the daily and weekly support in the price range of 1680 and 1600. 80% of the reasons for the upward movement of the price of gold and its fluctuations in the next weeks ( like the last 6 months, of course ) are influenced by the news and in general, fundamentals, which are mainly news like; The war between Russia and Ukraine is the decisions of the central banks for the financial, energy and food crises around this war and the exit from the Covid-19 epidemic recession, of course. Undoubtedly, price changes and fluctuations in energy (oil and gas indexes) have a direct impact on precious metals and gold, So be aware that sudden movements due to news and fundamental analysis have a high impact on your trades in this period of time, and you should pay special attention to the News. Good luck P.S Dear Friends; Write any suggestions for currencies analysis or stocks in the forex and cryptocurrency market in the comments so that we can publish their analysis. sincerely
OANDA:XAUUSD
by Arash-RK
1