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Gold - Should we take profits now?OANDA:XAUUSD has been heading higher and creating a strong rally; time to take profits. Gold is still clearly bullish, creating higher highs and higher lows on the higher timeframes. But we also always have to keep in mind, that metals and commodities in general are always following anticipated economic cycles. It is actually quite likely, that after the recent rally of +30% we will now see a retracement on Gold, maybe even back to the previous breakout level. Levels to watch: $2.400, $2.000 Keep your long term vision, Philip - BasicTrading
OANDA:XAUUSDShort
by basictradingtv
2
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by basictradingtv
3
Gold -> Wait For This Daily Setup!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simply monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside. With the recent break and retest of a major previous weekly structure zone, in confluence with bullish moving averages, I simply do expect more growth on Gold over the next couple of weeks. My last analysis on Gold - linked below - perfectly played out once again and I am now just waiting for a clear breakout of the bullflag and a break above resistance and then also the path on the daily timeframe is clear fore more upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
50
Gold -> Clear Path Ahead!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 Gold retested the monthly 0.382 fibonacci retracement level of the last major monthly impulse and is now in confluence with bullish moving averages heading for new all time highs. The parallel channel on the weekly timeframe is still quite nicely pushing the price of Gold higher so I am waiting for any pullback to enter more buys on Gold. With Gold retesting previous daily structure and rejecting towards the downside my last analysis perfeclty played out - I am now just waiting for a retest of the $1935 structure and then I do expect a bullish trend resumption from there. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
49
Gold -> New Highs In 2023?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 The monthly timeframe on Gold is still looking quite bullish considering that Gold is currently retesting the 0.382 fibonacci retracement level in confluence with support at the $1930 level. On the weekly timeframe you can see that Gold is already starting to reject previous weekly resistance which - after the break above - was of course turned clear support. And with Gold being up almost 1.5% today we are now creating bullish market structure again; therefore I am simply waiting for any kind of retracement to enter a long on Gold and to capialize on the next major bullish impulse. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
27
Gold -> Higher Timeframe Still BullishHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 The monthly timeframe on Gold is still looking quite bullish considering that Gold is currently retesting the 0.382 fibonacci retracement level in confluence with support at the $1930 level. The weekly timeframe is showing some indecision at the current weekly support area which means that sellers are currently not able to push price lower, so we might see a reversal here. The daily timeframe on Gold however is not looking bullish at all, Gold is still creating lower lows and lower highs which is a very weak sign so I am now waiting for Gold to shift back to a bullish market before I then do expect a next bullish wave on the daily timeframe. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:XAUUSDLong
by basictradingtv
55
Gold -> Maybe Still A New All-Time-HighHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Gold is currently perfectly retesting and already starting to reject a quite nice previous weekly resistance area which is now turned support at the $1940 level. You can also see that overall weekly market structure is still bullish, we also have bullish moving averages on gold at the moment, so there could still be the possibility that Gold will once again retest the previous all-time-high at the $2050 area. On the daily timeframe you can see that over the past couple of days, Gold has been trading in a quite obvious range so I am now just waiting for a breakout above the resistance at the $1989 level which is then turned support and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
48
Gold -> New All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently broke above a major previous weekly resistance area exactly at the $1990 level. You can also see that with last week's candle Gold then closed inside of this previous resistance zone which is now turned support, moving averages and market structure are bullish so I simply do expect more continuation towards the upside from here. On the daily timeframe you can also see that Xauusd is currently retesting previous daily support/resistance so also from a daily perspective everything seems quite bullish so in my opinion it is just a matter of time until Gold will actually create new all-time-highs. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
50
Gold -> Time For New All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is about to retest its previous all-time-highs exactly at the TADAWUL:2080 from which we already had two previous bearish rejections away towards the downside. You can also see that weekly market structure is still massively bullish, so I am now just waiting for another weekly retest of the previous all-time-high before I then do expect another short term rejection away towards the downside. On the daily timeframe you can see that Gold just retested the previous daily resistance area, now turned support so I just do expect more continuation towards the upside to retest the TADAWUL:2080 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
51