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Gold Trend 23/06Gold continued to hover near 1835 yesterday. The price cleared the support of 1830 early in the Asian session and touched the day-low near 1822 during the European session. While the market approached the US session, the market turned active; a new round of buying entered the market once the price cleared the downward resistance line(2). The price touched the day-high near 1848 but retraced toward 1837 for the day's end. Althought gold has broken out from both the S-T downside support at 1830(1) and the resistance trendline(2) with increased daily fluctuation, the market has yet to find a clear direction. After yesterday's movement, +/- 10 of 1835(4) should be the range until the price breaks clear again. The price has failed to pull away from the 250 days MA(5) yesterday. The closing price on the daily chart outside the 1830-40 range should be the key to notice for the next few trading days. It will be the first sign of gold exposing its next movement. S-T Resistances: 1847-50 1840 1833-35 Market price: 1832 S-T Supports: 1830 1820 1810-08 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
1
Gold Trend 21/06 - 24/06Gold was steady yesterday. The market opened at 1839. The price reached the day-high 1846 early in the Asian session, and it was bounded between 1835-40 throughout the rest of the trading day. While the price is now back trading in between the 1830-70(1) range, the price is under selling pressure by the downward trendline(2). Awaiting for the market to turn active again after the US holiday, the price will be able to touch the top of the range near 1860-65 again if the price breaks out from the trendline(2). The double-bottom pattern (4) is still under development on the daily chart. We can continue to take advantage of the horizontal range(3) until the price escape. The 250 days MA is still the critical support for the moment. S-T Resistances: 1865 1860 1850 Market price: 1841 S-T Supprots: 1840 1835-37 1830 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 analysis 22.06.2022Yesterday gold broke out from the descending wedge. Bulls failed to sustain above 1840. Hence Bears took power and broke down below the support at 1835 which is present resistance. All the Daily EMA for 20-50-100 and 200 are higher than present levels. So see for buying oppurtunities at every dip in long term. However go for short trades in scalping since trend is bearish. Today we have Fed chairman testimony in US session. Market will be very volatile in US session. Present momentum is strongly bearish and trend is also bearish. We have monthly and weekly support at 1814-1818. So we can see bulls from here. We will have a sideways movement once price breaks the strong bearish trend line. The important levels for today are 1800-1808-1818-1825-1835-1848 My trading idea for Scalping Sell 1832 SL 1838 TP 1825 Longterm trade idea Buy 1814 SL 1804 TP 1848
OANDA:XAUUSDShort
by boyinjungle
1
Gold Trend 22/06Gold continued to trade in a narrow range yesterday. The market opened at 1836, and a tight 1833-40 range bounded the price throughout the Asian & European sessions. The range widened during the US session, where the price touched a new day-high 1843 and a new day-low at 1828 before the day ended around 1832. Gold is still under pressure from the downward trendline(2) mentioned yesterday. The price is currently trading at below 1830 early in the Asian session. Unless the price can jump back upon 1830 later in the European or US session, the price will have to go toward the downside 1820 or even lower. Althought the US holiday is over now, the range for the gold has maintained relatively tight. Under the current market condition, the trend is turning weak on the daily chart after the price settled below the 250 days MA(5) yesterday. The upcoming downside support is now near 1815-20. S-T Resistances: 1840 1833-35 1830 Market price: 1828 S-T Supports: 1820 1810-08 1805-00 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_ A good place to go up??Hi everyone As traders from crypto market approach the GOLD market ,We may get to see some up trend from here on. From the looks of it , there is a weak bear trend in 4 hours chart on XAUUSD. There might be a bounce from the bottom of the bear channel or before that.This bounce will create a ABC pattern ( whether LL or HL) as LL (the RED arrow) our A current bar's high B and the next move down and rebound as C . For now we have 1825$ and the bottom of the weak bear channel as support and for resistance, there is 1840$ and top of the bear channel. Hope this analysis helps you in a way. I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
OANDA:XAUUSD
by HubAlgo
1
Gold risky entry longsI previously called a long trade on gold but the pair has been really slow and has not even triggered our position yet. This might be as a result of the bank holiday, but I propose an earlier entry.... At the simultaneous break of the LTF inverse head & shoulders neckline and the counter trend lines a strong momentum bullish rally is highly probable. Drop a LIKE if this idea was remotely helpful to you, a quick SUB to get timely signals like this in future and please drop your views and educative criticisms and thanks in the COMMENTS.
OANDA:XAUUSDLong
by LexyenHille
1
GOLD (XAUUSD): Technical Outlook & Forecast For Next Week 🥇 Hey traders, I remain very bearish biased on Gold. The market trend remains bearish from the beginning of the year and I am patiently waiting for the next bearish move. Next week, watch 1856 - 1879 supply area. I will expect a bearish move from that, at least to 1808 level. Good luck and have a great weekend. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
23
XAUUSD 1DGold study on the daily timeframe If gold broke 1883.00 it have a potentiel buy and it have three confirmation 1- breaking the strong resistance and support at the same time it hit multiple times on it and retraced 2- breaking the neckline of the double bottom 3- breaking the channel (or the trendline) We need to have confirmation for the break and if it broke the resistance we need to wait for a retest first and then we can take the buy and secure profits and leave runners .
OANDA:XAUUSD
by migsta9
1