XAUUSD - SHORT (2)BEARISH Structure continuing
LH, LL
Three black crows pattern detected again
Entry: 1760.86
SL: 1773.26
Goldusd
Gold Trend 06/07Gold dropped over 2% yesterday. As the trading began at 1807 to start the day, the price touched the day-high at 1812 early in the Asian session. The momentum began to turn bearish during the European session. Gold cleared the 1800(1) support at the US session opening and then fell further, breaking the previous low of 1784 after the US released better than expected Factory Orders figures. It touched a new 6-months low of 1764, ending the day with a USD 42 drop.
The bullish pattern on the 1-hour chart from last Friday was totally destroyed by the drop yesterday. The S-T trend is weakening while the price trades below its previous low of 1784. Expect the price to stay between 1750-83(2) for today. If the price can carry the selling momentum from yesterday, it should be able to touch 1750 or below.
The daily chart is now dominated by the downtrend channel(4) after gold closed below the critical support of 1800(3). The price has traded in the range of 1800-70(5) for the past month; by measuring the 1:1 ratio, the downside target can be set at 1730 technically.
S-T Resistances:
1785
1780
1770-72
Market price: 1767
S-T Supprots:
1765
1760
1750
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GOLD XAUUSD 4H bearish curved channel idea xauusd goldusdGOLD XAUUSD 4H bearish curved channel idea xauusd goldusd
GOLD XAUUSD - Elliot Wave Monthly Sideways bearish move expectedGOLD XAUUSD - Elliot Wave Monthly Sideways bearish move expected
Gold : Intraday Technical AnalysisGold Intraday Technical Analysis:
Gold found its resistance at 1812 this time. My idea is still accumulate gold below 1800. The entry levels are 1800, 1780 for intraday. My goal for intraday is the resistance of 1800.
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.
Gold is Getting Ready for All Time HighGold is currently trading in a Symmetrical Triangle. And we believe it's consolidating for a strong bullish momentum. According to our analysis Gold will again come to test its All Time High in the next few months. Traders can wait for breakouts. Those, who're already holding positions, can wait for these targets.
Thanks!
Best Regards,
Trade Like Pros.
XAUUSD - SHORTBEARISH Structure
LH, LL
Three black crows pattern detected
Entry: 1808
SL: 1815
Half gains booked at $ 1801
Gold Supply restrictionsWhile the west try to ban transactions on Russian Gold reserves, markets should notice the reduction in gold supply flows and price it at higher levels.
GOLD TO $1775!!! (350 PIPS)After GOLD made a fall to 1786 last week, we saw two pinch bar ( hammer candle) which helped boost GOLD to the 1800's....from that formation and that of last week's mini high at 1824. We can deduce that a double top has been formed, hence looking at a possible setup for sell on GOLD!!!
long goldgold touched strong support 1785 and bounced with a lot of bullish pressure. it made an obvious double bottom but on higher tf you can see a h&s pattern. I believe 1785 was just a demand zone for buyers short and long term. if the h&s pattern is valid we will see a rejection off 1830 to the down side with heavy selling pressure but if not we can see price touch 1850 for completion of double bottom
Gold : Intraweek Technical AnalysisAs mentioned in previous analysis that I am only looking for long positions in gold. My initial selling target will be 1830 this week with second at 1844 and third at 1855. From where I will be looking to go short. My idea for coming week is to wait for profit taking levels.
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.
COMMODITIES SEASONAL | GOLD & USOILHello Readers!
Let's find out the monthly outlook of the two most essential commodities i.e Gold and USOIL
Gold on Monthly charts favors bulls for the month of July.Technically the yellow metal has made double top and for last three months posted negative closing. We are optimistic this month as technically it is trading on the support trendline.
USOIL (Crude Oil) monthly gives no clear indication for bulls or bears. However, if you observe closely the crude oil has hit its resistance and is trading near it. We are expecting a downward movement in black gold and pick entries in a lower timeframe
Let us know what do you think of the idea in the comment section.
GOLD (XAUUSD): 2 Scenarios For Next Week Explained🥇
Hey traders,
Gold reached a strong horizontal demand area on Friday.
The price bounced nicely from that.
Analyzing a current perspective I see 2 potential scenarios for next week:
Remember that technically speaking gold is trading in a bearish trend.
For that reason, be prepared for a breakout attempt of 1780 - 1787 area.
If the price closes below that zone on a daily, I will expect a further decline to 1758 level.
On 4H time frame, lower highs are perfectly respecting a falling trend line.
If the price breaks that trend line to the upside next week, I will expect a bullish move to 1850.
As always, breakout trading is the safest strategy to follow at the moment.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold : Intraday Technical AnalysisGold Intraday Technical Analysis:
The yellow metal is in a downward spree for the past couple of day as per fears of recession in the US markets. I only buy in such market conditions. My idea is to accumulate in small lots on daily supports. Next buying level is 1780. After which I will be looking for 1767. And then 1753 and after that 1726. I am managing my account so that I can take entries on all these levels.
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.
Gold Roadmapping IdeaHave been playing this bearish structure as per my last few ideas. Finally reached the previous 4 hour low and broke below it easily. End of the week and new quarter starting, safer to trade next week as we wait to see how price reacts at these lows. Safe buys above 1820 so other than that super bearish below 1812.5. Trade Safe.
Gold Roadmapping IdeaLast night gold broke above 1820 and flew to 1830's, as I was bearish, I preferred the sells from 1830 back down to the lows. Gold still seems bearish so SAFE buys only above 1828, if we maintain below 1820 and 1828, big chance we reach 4 hour low before any major shift in trend.
Gold Roadmapping IdeaGold has been in a steady downtrend with Bullish moves being corrected fully. You can play these short-lived buy bounces but it's risky. We have just broken below 1820 and melted to 1812.5 a key level, close to the fed rate decision price. Fail to break above 1820 and we could see more downside specifically around 1808-1803 areas. Break above 1820 and we can head towards 1828 which is a make-or-break level as if it doesn't break the trend, more downside to come. Safe buys only above 1828, the 1820 buys are RISKY. Trade safe.
Gold Break Below ChannelGold remains under pressure due to the strong US dollar, and hits a seven-week low.
Technical:
The near–term support is around $1800, a breach below targets $1750.
The yellow metal faces minor resistance around $1821
GOLD weekly chart is showing a monster Bull PennantGold weekly chart. the first thing i see is the chart
is its a huge Bull Pennant and reading Classic bullish diveregence.
thats when
there is a higher low on price and a higher low on
RSI...listed in green are the next resistance/price target
and Red lines show support/price drop.
The weekly chart always shows the overall health
of any asset, and to me, Gold looks slow but healthy
and will just take time, or could explode if they allow
the chains to be broken so it can do its thjng.
Swing Trade Opportunity in GOLD ? Looks interesting!MCX:GOLD1!
TVC:GOLD
Hello Traders,
I see a good swing or small term trading opportunity in Gold at current price.
UPSIDE resistance is around Sell zone between 1879 - 1919 with SL below 1780
This is not a buy/sell recommendation, but my personal views. You're solely responsible of your profits n losses.
Regards,
Anshul.
Gold Analyze (Short term/ Falling Wedge)!!!GOLD was able to break the upper line of the Falling Wedge Pattern and I expect that GOLD will go up to 1834$ .
Gold Analyze, Timeframe 15min .
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.
