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Gold Trend 29/07Carried the buying momentum from the day before, gold continued to climb yesterday. After the market opened at 1733, the price had already jumped beyond 1735 early in the Asian session. It broke out from 1740 in the European session and kept climbing higher in the US session. The day ended near the day-high at 1756. Gold has surged along the uptrend channel(2) on the 1-hour chart. Sign of the current climb slowing down has yet to appear; the next upside target can be set at around 1765. The buying was strong yesterday on the daily chart where the day ended near the day-high. The trend is still bullish, and the upside target remains at 1780. S-T Resistances: 1765 1760 1757 Market price: 1755 S-T Supports: 1750 1740 1735 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 26/07 - 29/07Gold pulled back from 1735 again yesterday. The day began at 1726, and the price was gradually heading higher during the Asian/European sessions. Once the price reached the day-high at 1736, the selling started to come in. The day eventually ended at near 1719, with the day-low touched 1714. Gold should stay below 1735 before the US Fed. Meeting on Wed, as it has once again failed to clear the resistance near 1735 yesterday. An S-T trendline(1) has been formed in the last 12 hours; if the price can breach the support below trendline(2), expect the price to consolidate further into the 1705-35(2) range. Gold was rejected by the 1730 resistance for the second day on the daily chart. For now, expect the price to trade in between 1710-30(3) until the US Fed. Meeting. S-T Resistances: 1740 1735 1728-30 Market Price: 1721 S-T Supports: 1720 1710 1705 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 Analyze (Where is the end of the correction❗❓)(Update)!!!GOLD moved as I expected in my previous post about GOLD 👇 If you want to know about my Gold Road Map🗺️, please look at 👇 GOLD is moving near the Heavy Support Zone, and I expect that around the current price can be the end of microwave 3 of microwave 5 of microwave C of Main wave 4. Where is the end of main wave C ❗️❓ 🎯Target🎯: 1720$ until 1670$ Gold Analyze, Timeframe 8H(Log Scale) 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLDLong
by pejman_zwin
4
Gold Analyze (Where is the end of the correction❗❓)!!!If you want to know about my Gold Road Map 🗺️, please look at 👇 Gold is running in Fibonacci Channel while lines of the Fib Channel are working well, and I tried to use them for finding the end of the microwaves of the main waves . I show you the end of main wave C ( End of the Correction❗ ). Where is the end of main wave C ❗️❓ 🎯 Target 🎯: 1720$ until 1670$ Gold Analyze, Timeframe 8H (Log Scale) 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLDShort
by pejman_zwin
2
Gold Analyze (Where is the end of the correction❗❓)(Update)!!!If you want to know about my Gold Road Map🗺️, please look at 👇 Gold is making zigzag correction for completing the microwave 4 of microwave 5 of microwave C of Main wave 4. I expect that Gold will reverse around PRZ (Price Reversal Zone). Also, the Stochastic RSI Indicator is on the resistance line 👇 🔴PRZ🔴: 1772$ until 1755$ Where is the end of main wave C (End of Main wave 4) ❗️❓ 🎯Target🎯: 1720$ until 1670$ Gold Analyze (XAUUSD) , Timeframe 8H ( Log Scale ) 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLDShort
by pejman_zwin
1
Gold Trend 28/07Gold gained USD 17 yesterday. The day began at 1716, and the price mainly traded between 1715-23 throughout the day. Once the US released its interest decision, the price went up until it reached the day-high at 1740, with the day ending near 1734. The price has failed to stay above 1735 until the Asian session today. An uptrend channel(3) has formed on the 1-hour chart. If the price clears the current resistance at 1740, it will be able to reach 1750 or higher. The reversal signal at 1680 on the daily chart is still valid, while gold is trading under a rebounding trend. The price has cleared the 1-week resistance at 1730; once the price can break out from 1740, the upside target will be at the upper limit of the range(6) around 1770. S-T Resistances: 1755 1750 1740 Market price: 1737 S-T Supports: 1735 1730 1720 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 27/07Gold traded flat yesterday. The day began at 1719; the price first tested the day-high at 1728 in the Asian session, and it began to consolidate. The daily range was tight within USD 15, with the price just traded between 1715-20 before the day's end. As mentioned yesterday, we can continue to take advantage of the 1705-35(2) range before the US Fed. Meeting. As the price went below the support trendline(1) on the 1-hour chart, the S-T trend is now weakening. The downside target will remain near 1705-08 once the price clears the current S-T support at 1715. Gold is sinking lower with the range(4) on the daily chart. The current candle patterns are a bearish sign similar to those(3) before. However, stay tuned for the US Fed. Announcements, a new trend, may start later on today. S-T Resistances: 1735 1728-30 1720 Market price: 1717 S-T Supports: 1710 1705 1700 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 SELL LOW RISK/ HIGH REWARD1st Position GOLD SELL @ 1725 Stop Loss: 1736.500 ( - 110 Pips) Take Profit: 1670.000 (+ 557 Pips) Use Risk To Reward For Risk Free Trade management 2nd Position GOLD SELL @ 1730 Stop Loss: 1736.500 ( - 105 Pips) Take Profit: 1670.000 (+ 607 Pips) Use Risk To Reward For Risk Free Trade management ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters.
OANDA:XAUUSDShort
by Mi3-Legacy-Wealth
GOLD (XAUUSD): Your Trading Plan For Next Week 🥇 Hey traders, Gold finally reached a lower boundary of a major horizontal weekly trading range. As I predicted, the market bounced nicely from that. On focus is a falling parallel channel on a daily time frame now. While the market stays within that gold remains bearish. I would suggest waiting for its bullish breakout as a trigger for buying again. For now, be patient and let the market trade within the channel. 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
XAUUSD FUTURISTIC PRICE ACTIONPossible Gold wyckoff schematics formation to sponsor the price higher using the H4 Timeframe. This is supported by the rejection on the weekly Timeframe and leaving a confirmation as follows on the support zone of 1683-1680 * 3 touch of the support zone * A retest of the demand zone on h4 * And the 200 moving average resting on the zone. And multiple accumulation forming on the h1. Also paying attention to the structure... the weekly Timeframe is still an uptrend just hit it's retracement level. But it's better to wait for the schematics to be fully formed before trying to markup the phases. Patience is key. #Idon'tknowbetter
FXOPEN:XAUUSD
by simonadahjt
The Return of the Golden BullThe Return of the Golden Bull Technical Analysis - Gold has been in a 2 year consolidation, after a 7 year uptrend of over 90% from 2018 to 2020. - Price Action is contracting on a monthly basis, within a bullish pennant. - After an intermediate bear trend of 3 months, Gold is at a massive horizontal support, coming from the 2011 High. - Gold is also right above the rising trendline from the march 2021 low and above the falling trendline from the august 2020 high. - This might be a multi year buying opportunity for Gold, it is hard to put a price target on it, but I would assume around 4000$ could be achieved, if everything goes as expected. Fundamental Analysis - There is also a point to be made for gold, fundamentally. - We are at record inflation, tightening into slowing economic conditions. - Bonds are loosing massively, as are equities and Bitcoin. - Gold has been holding up rather well, despite the US10Y and the DXY rising relentlessly. - In my opinion this is an indicator, that Gold is still the true safe hafen asset to investors, in case of monetary debasement and simultaneously worsening economic conditions. Enter the trade - I am waiting for a short term trend change, as we are currently below the 5, 10, 20, and 50 day moving averages. - I want to see Gold above a rising 5dma, crossing the 10dma. - I am also looking for a weekly close above 1877$. - Gold has been awfully hard to trade in the past months, due to extremely choppy action, often giving daily buy and sell signals on the RSC Trend Trading Indicator, right after each other, so I will be cautious. This is not financial advice, I wish you good luck trading. Cheers Tom
TVC:GOLDLong
by Cyranus
2