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Golld

Trading in the directionI just a just a beginner but would like feed back on ideas. I see an uptrend on the hourly from 2009 and on the daily up to 2070. I believe that gold will keep going up until 2050 and then struggle to break resistance. If it breaks above 2050 - 2060 then it will try to head around the 2070 mark. This is base on if trade respecting the 200 EMA. I am using Delorean method with the 200 ema filter. I see hitting around 2025 - 2028 and going up. Market is always uncertain so trade with caution.
OANDA:XAUUSDLong
by cchris2784
1
GOLD/XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Fundamental Point of View 📉 Gold price experienced a strong rebound after the US NFP report fell short of expectations last Friday. In July, fresh payrolls were 187K lower than the consensus of 200K, although they were marginally higher than June's print of 185K. The market sentiment turned positive despite Fitch's downgrade of the US government long-term debt rating. 📊 Technical Point of View 📉 From a technical standpoint, Gold showed a significant bounce and closed the daily candle above the key daily support level at $1932 last Friday, driven by the unexpected and shocking low NFP data release. The price has also touched the Fibonacci retracement level of 38.2%, which indicates a potential bullish momentum. We anticipate the gold price to make a solid cross above this level on the 1-hour candle chart and then retest the 23.6% Fibonacci level before aiming for the next resistance at the Fib level of 50% at a price of $1951.88 at the beginning of this week. 🚀📈 🔍 Disclaimer: Trading involves risk. This analysis is for informational purposes only and should not be considered as financial advice. Always do your research and consult a professional before making trading decisions. 🔍
TVC:GOLDLong
by Moon_SmartMoney
20 Reason for buy Gold right now 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Super bullish 2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now 3 📅Weekly: formed an inducement right now market in their sideways phase 4 🕛Daily: A clean bull trend with the proper formation and previous supports 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: elite correction wave 7: 3 Volume: bullish control 8: 4 Momentum UNCONVENTIONAL Rsi: sideways, yet we just need close above 60; then next move will confirm 9: 5 Volatility measure Bollinger bands: middle band support on the bullish side 10: 6 Strength ADX: bull are in strength 11: 7 Sentiment ROC: gold is stronger then USD ✔️ Entry Time Frame: h4 12: Entry TF Structure: bullish 13: entry move: impulse 14: Support resistance base: 2 times supported at daily OB 15: FIB: trigger event occurred ☑️ final comments: FVG filled out so we can buy now 16: 💡decision: buy 17: 🚀Entry:1801 18: ✋Stop losel: 1783 19: 🎯Take profit:1900 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration : 3 months there are many other reason also
OANDA:XAUUSDLong
by Optimum369