Goldvsusd
Gold Thoughts 02-Sept-2024Good morning, traders! I'm excited to share my Gold trading zones with you today, packed with potential trading opportunities. Dive in to uncover valuable insights for opening positions, but remember, these are merely guidance - not signals. Use them at your own discretion and risk. Happy trading!
XAUUSD EVEN LOWER ! WHY I THINK ITS BEARISH !
✅ BROKE BULLISH TREND-LINE $1770
*AFTER BREAKING TREND LINE WE HAVE CONFIRMED ✅3 lower lows and lower highs which indicates a strong bearish sign.***
1ST - $1760 *- 2ND. - $1755* - 3RD. - $1748 -*
✅ Head and shoulders pattern has been formed which indicate a strong bearish movement.
I STRONGLY BELIEVE THAT PRICE COULD JUMP A BIT UP FROM 1749.67$ SLIGHT JUMP TO 1755$ AND THEN DRASTICALLY SHOOT DOWN TOWARDS OUR
1720-1700$ RANGE !THATS WHERE MY TP IS SET.
Gold Facing Stiff Resistance Near 1879As Predicted in earlier posts about Gold. It is facing a stiff resistance near USD 1879. March towards USD 1900+ will be / is on halt temporarily due to easing of war clouds between Russia and Ukraine. Solid support for Gold on the down side is at USD 1853 and USD 1834. Below USD 1834 Gold can roll down to USD 1816 and USD 1803 levels which are 50 and 200 days EMA respectively. On the upper side if we get a closing above the levels of USD 1880 Gold can travel quickly to USD 1907.87 levels
Gold will retest 50 EMA BOOnce Gold has retested the 50 EMA Break Out which it might be doing since last sessions. Once the resistance zone of 1829 to 1833 is crossed Gold will march towards 1849 and 1868.96. Long term target for Gold is USD 1907.87. Supports on the lower side are 1814, 1777, 1753 and finally USD 1679.98
XAUUSD PRE-MARKET ANALYSIS: MARCH 20, 2021Overall trend: 4H, 1H both are in an uptrend, and price has just shown strong buying pressure before its close on the 15m.
Looking for long set-ups throughout this bull run overall and out of the zones 1743.565 and 1745.054 depending on where the price decides to move.
Likely possibilities include further upside move retest of zone 2, and move up to zone 3 which is a strong resistance zone and look for quick short setups from there, although a higher probability of breaking that zone as we're at a bull run on higher timeframes.
What do you think? Would love to know your thoughts.