GOLD Long breakout expected next?...The Dollar continues to retreat on a mixture of broad risk factors and US specifics following confirmation that Treasury Secretary-in-wating Yellen favours bold fiscal stimulus and market forces when it comes to the Greenback’s value, while she also intimated that increased spending should not necessarily raise the tax burden for businesses extortionately (or proportionately). The index is trying to keep tabs on the 90.500 level having declined to 90.272 and hold above support ahead of 90.000 via the 21 DMA that comes in at 90.141 today. Conversely, Sterling is back in the ascendency, and across the board as Cable sets sights on 1.3700+ again and Eur/Gbp tests bids into 0.8850 amidst reports of heavy selling interest after the cross breached 0.8900. Firmer than forecast UK inflation metrics may have prompted some upside, but the Pound’s revival appears more corrective and positional in advance of another speech from BoE Governor Bailey. In terms of the gold sentiment, we could see a rally over the rest of the week taking gold back above the $1,900 handle...
Metal
XAUUSDAs the rise of DXY follows my plan as shown in previous ideas.
it has made 91.0 target 1 and could continue to possible key FIB values at 92.0 which would result in gold double bottoming at 1764.
Small market balance required I should see filled.
targets valid and on correct path as things stand.
GOLD Buy Setup - Will You Wait For It?Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is approaching a strong round number 1800.0 in green so we will be looking for buy setups on lower timeframes.
on M30: GOLD is forming a channel in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish and can still break the 1800 downward.
and if GOLD breaks the gray trendline upward now (before forming two more swings for it to be valid) then we will not buy.
As price approaches our upper resistance, we will be looking for sell setups.
Good luck!
Metal Inverse Head & Shoulders Pattern (Easy 70% Move)Metal (MTLBTC) is now active in what people called the iH&S pattern.
The inverse head & shoulders do not need to be exact for me to be used as a signal.
As soon as you see the dips where the second one is the lowest point of the three, you have a reversal signal. I've seen this pattern many times before.
This is normally a bullish pattern.
Looking at other chart signals, we can also see a volume breakout and MTLBTC price moving above EMA10.
The green arrows show the potential bullish scenario.
The red dashed line at the bottom is the support/stop-loss.
Namaste.
Possible buy opportunity hereLooking for it to bounce off S1 mark. PT after that would be $9.8- $10.
*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
Platinum towards the topLet me present my idea, it looks like Platinum has touched the 61.8% Fibonacci retracement level at the price 953.066, and we hope to go to the first price direction in the 982.739 range at the 161.8% level, and the second price at the 999.925 range at the 261.8% level, but I personally prefer to set the profit point at the first price range. If the movement breaks below the price 953.066, it is likely to go short.
XAUUSD, GOLD 'CLEAN BREAKOUT BUY POSITION!'THIS ANALYSIS FOR "XAUUSD , GOLD" ON TIME FRAME 4 HOUR.
HELLO EVERYONE. ..
WELCOME BACK FOR A NEW WEEK!
GOLD ALREADY MAKE CLEAN BREAKOUT FOR BUYING, MY PREDICT PRICE WILL BE RISING BETWEEN 1923.00 - 1933.00 AT RBS ZONE AND CONTINUE FALLING AGAIN.
YOU CAN CHECK MY PREVIOUS ANALYSIS ABOUT THIS PAIR, I TAG AS RELATED IDEAS BELOW THIS MAPPING.
I HAVE 2 OPTION FOR BUY AND SELL
1. YOU ENTRY BUY WHEN THE MARKET OPEN OR SET PENDING ORDER BUY LIMIT AT YELLOW LINE 1882.80 SET YOUR SL 15 - 30 PIPS WITH YOUR OWN RISK.
2 . YOU CAN ENTRY SELL AT RBS & REISTENCE ZONE. SET YOUR SL 15 - 30 PIPS WITH YOUR OWN RISK.
GOODLUCK !!!
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GOLD ⏬ SWING TRADE 💡 20-10-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
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GOLD is about to make a inverted cup and handle formation and the price cannot push above the 1935.00 level and still trading within a narrow range. Break below the 1900.00 will pave the way towards 1850.00
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Its a forecast of the upcoming expected market move-Its not a financial advice