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Goldusd

1700 - 1705 Local BottomGold has ben in a continuous downtrend. which consisted of 5 downward impulsive waves. It is yet to be decided rather the impulsive waves are Elliot Impulses or Extending Diagonals. In case it is Elliot impulse waves, 1700 - 1705 is the region from where we should see a bounce which is the range of 100% extension of wave 1. In case we go lower, then it can be assumed that the impulsive waves of Extending Diagonals in which case we can see Gold anywhere below 1667$ which is the level of 100% extension of wave 3.
OANDA:XAUUSDLong
by syedhamza2135
Golds Run Is OverThere are a lot of predictions regarding gold and how it's going to start its bullrun and a move to 5000 in the next 1-5 years but I really don't see it that way. In this 6 month candle chart you can see that in the next 7days we will be closing and confirming what seems to be a potential "Gravestone Doji" signalling a trend reversal . Also we are inside a massive ascending wedge which is a bearish pattern and we have been in the monster 22 year run which hit 2.618 . So how far is gold going to realistically run? with the 4.236 extension not that far off. I just don't see it in the charts for gold. My bet is gold breaks down from here and goes back to 1.618 for a couple of years after its mega 22 year run like it did after the blow off top of 1980. It's 2022 not the year 2000, investors in this time period are leaning towards cryptocurrency more than gold , nobody has time for gold , silver on the other hand is looking a lot better.
TVC:GOLDShort
by Sporia
19
GOLD (XAUUSD): Key Levels to Watch This Week 🥇 Hey traders, Here is my latest structure analysis for Gold. Support 1: 1721.0 - 1726.0 area Support 2: 1677.0 - 1683.0 area Resistance 1: 1753.0 - 1768.0 area Resistance 2: 1780.0 - 1808.0 area As you can see, the market is currently trading on Support 1. I am waiting for a confirmation to buy to catch a pullback from that. Alternatively, its bearish breakout will trigger a bearish continuation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
9
Bitcoin support resistance in gold terms.There is confluence with the idea that we could see BTCUSD visit $16K levels (twitter). If that is the case, I would say high 16s would be the target. Possibly with a longer and fast wick mid 16s are plausible. But anything slower would breach the 300gr level ($16.6K at the moment) which would let the next level come into play. That is the 200gr level ($11K at the moment). When looking at this idea, the mentioned USD levels aren't important remember those fluctuate as the price of gold changes. So, we would be looking for the $16k and $11k support levels to shift upwards or downwards.
BITSTAMP:BTCUSD
by givanse
Gold Trend 14/07Gold rallied from a renewed 9-month low yesterday. The day began below 1730 at 1725, and the price stayed between 1720-30 before the US session throughout the day. Once the US released its inflation figures, the price dropped to the day-low at 1706 but buying quickly entered the market. The day ended at 1734, with the day-high reaching 1743. Althought gold touched a new 9-month low, the gradual downward slope on the 1-hour chart that has been trending in the past few trading days came to an end after the rebound yesterday. The buying above 1740 is still relatively weak; we can expect the price to be bounded by 1720-40 until the price can stand above 1740 comfortably to kick start the next uptrend. The first reversal signal finally appeared after the price touched the bottom of the downtrend channel(4) yesterday. The price defended the 1730-1800(3) range yesterday. For gold to start a decent rebound, it must close above 1740 on the daily chart in the next few trading days. S-T Resistances: 1755 1750 1740 Market price: 1731 S-T Supprots: 1730 1720 1712-15 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 12/07 - 15/07Gold bounded in a tight range yesterday. The trading started at 1741. The price has continued to sink toward the day-low at 1731 throughout the day. The day ended at 1733, traded in a USD 13 range. Since the rapid drop slowed down last Thursday, the price has settled between 1730-50(1) in the previous 48 hours. If the price clears the support at 1730, the downside target remains at the 1700-10 support zone. A reversal signal has yet to appear on the daily chart; therefore, the downtrend channel(4) is still dominating the trend. If the price breaches the 1730 support, the daily chart's downside target will be at 1680. S-T Resistances: 1755 1750 1740 Market price: 1731 S-T Supports: 1730 1720 1712-15 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 13/07Gold hit a new 9-month low yesterday. The day began at 1733; the price briefly touched the day-low at 1722 and the day-high at 1744 early in the Asian session. Throughout the trading day, the price has bounded by 1725-35, with the day ending at 1725. The price has tangled around the critical support of 1730 in the past 72; the trading atmosphere is like when the price tested the support at 1820(1) a while back without a clear breakthrough. The price finally passed the 1730 barrier yesterday; technically, we can expect the price to sink further in the next 48 hours. But, one thing bore in mind: the US will release its CPI figures today. Previously on the day(June 10th), as the US released worse than expected CPI figures, gold climbed more than USD 20 with a daily fluctuation of more than USD 50. 1710-00 remains the downside target for now, where prepare for a rapid price change at the time of the release of the figures. The overall pattern hasn't changed much on the daily chart; the downtrend channel(4) is still dominating the structure on the daily chart, be patient for a reversal signal. After the price clears the support at 1730, technically, we can expect a new low in the next two days. S-T Resistances: 1750 1740 1730 Market price: 1726 S-T Supports: 1720 1712-15 1708 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
Trade of The Week | Classic Breakout & Retest Trade 🔥🔥🔥 Hey traders, Gold is trading in a bearish trend since March of this year. Being bearish biased, I was constantly looking for shorting opportunities after pullbacks. This week, the price broke a horizontal key support and then retested that. On a retest, I spotted a double top formation. I opened a short position after a confirmed neckline breakout. Then the market dropped sharply. 360 pips of a pure profit was made. Did you catch this trade? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
Gold Trend 08/07Gold remained in a tight range yesterday. The market opened at 1739, and the price was bouned by 1739-46 throughout the day, The relatively rapid drop the day before has slowed down since the price escaped the S-T downward trendline(1) yesterday. 1730-65(2) can be used as the operating range before the US employment figure. The S-T resistance at 1750 is still valid; if the price breaks the 1730 support, 1710-00 should be the next target to the downside. The downtrend channel(2) is still dominating the daily chart. Althought the price failed to find new low yesterday, the reversal bottom-out sign has yet to appear. Can continue to take advantage of the 1730-1800 range before the price clears the 1730 support. S-T Resistances: 1765 1760 1750 Market price: 1742 S-T Supprots: 1738-40 1730-31 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 05/07 - 08/07The gold market was relatively quiet yesterday due to the US holiday. The market opened at 1810, and a USD 10 range-bound the price throughout the day. Before the US session last Friday, gold tested the support near 1783(1). Notice that day, once the market entered a more active US session, buying has started to pour into the market. Buying support was strong where the day ended almost USD 25 higher at 1810. Support between 1800-05(2) has been strong in the past 24 hours; the price should be able to touch 1820 or the downward resistance line(3) in the next 24-48 hours. The rally last Friday has formed a reversal signal(4) on the daily chart. The support zone between 1800-05(5) is valid, where we can expect the price to move toward the downward trendline(6) within the week. S-T Resistances: 1830 1820 1814 Market price: 1811 S-T Supprots: 1810-08 1805-00 1795 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 Daily TA Cautiously BearishGOLD Daily cautiously bearish. Recommended ratio: 25% Gold, 75% Cash. *The Head and Shoulders formation is currently completing as the 50 MA crosses under the 200 MA (Death Cross). Gold, Oil, USD, Treasuries, Crypto and Equities are all either up or flat; this is indicative of a broader reversal in market sentiment regarding recessionary fears. Both Fed Governor Christopher Waller and St. Louis Fed President James Bullard said they expect a 75bps rate hike in July followed by at least 50bps in September and then potentially 25bps thereafter because financial markets and the economy are both responding to the rates hikes appropriately thus far; they also both suggested that recession fears are overblown, which prompted almost all markets to rally. Considering that the Fed largely operates off of lagging data, it would be prudent to assume that inflation may not have peaked quite yet; that said, it's advised to continue to be vigilant as the bottom continues to be found.* Price is currently completing a H&S breakdown and is testing $1742 minor support after also breaking down out of the uptrend line from April 2020 (~$1800). Volume remains Moderate (high) and is currently on track to favor buyers for a second consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $1800, this margin is mildly bullish. RSI is currently trending up at 28 while testing 27 support; the next resistance is the uptrend line from April 2013 at 36. Stochastic is currently resisting a test of max bottom as it crosses over bullish at 25. MACD broke down below -11 support and is currently trending down at -25 with no signs of trough formation; the next support is at -39. ADX is currently trending up at 21 as Price continues to break down, this is mildly bullish. If Price is able to bounce here at $1742 and continue up, it will likely test $1784 resistance . However, if Price continues to break down here then it will likely retest $1684 major support . Mental Stop Loss: (two consecutive closes above) $1748.
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by dailytaguy