Xau-usd
XAUUSD H1: Bullish outlook seen, further upside above 1639.00On the H1 time frame, prices are approaching the support zone at 1639.00 which coincides with the 78.6% Fibonacci retracement level. A throwback to this 1639.00 support zone presents an opportunity to play the bounce to the next resistance zone at 1666.80. A break above this level would provide the bullish acceleration to the next resistance zone at 1694.80. Stochastic is approaching support at 5.28 as well supporting the bullish bias.
Trading opportunity for XAUUSD GOLDBased on technical factors there is a Long position in :
📊 XAUUSD GOLD
🔵 Long Now 1648.00
🧯 Stop loss 1638.60
🏹 Target 1 1659.25
🏹 Target 2 1668.50
🏹 Target 3 1681.90
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
XAUUSD 4hour Analysis October 16th, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish on GOLD and it looks like it will continue with this trend into the week ahead.
Ideally, price action forms a lower high near 1660.00 followed by strong bearish variations. If this happens look to target lower toward 1630.00.
Trade scenario 2: For us to see GOLD as more bullish we would need to see a break above key resistance around 1675.00 with a higher low above.
Gold Daily Analysis 11.10.2022Gold tested the levels of 1730 and failed to sustain above 1700. At 1730 gold formed double top in daily timeframe. This shows the present uncertainity and because of this gold is going back to test the support near 1618. Thus we will have a sideways movement for some time. Gold already made a double bottom near 1618. If gold is able to rebound again then this support will be valid for the coming days.
I suggest to see for short term trades only
Here are my ideas for week
SELL 1664 SL 1678 TP 1618
BUY 1618 SL 1608 TP 1718
XAUUSD H1: Bullish outlook seen, further upside above 1654.80On the H1 time frame, prices are approaching the support zone at 1654.80 which coincides with the Fibonacci confluence levels. A throwback to this 1654.80 support zone presents an opportunity to play the bounce to the next resistance zone at 1675.20. This resistance zone lines up with the 23.6% Fibonacci retracement and 100% Fibonacci extension. Stochastic is testing support at 3.79 as well, supporting the bullish bias.
XAUUSD 4hour Analysis October 9th, 2022Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are finally looking more bullish here on GOLD. This week we’re looking for our new bullish trend to continue.
Ideally, price action forms a significant higher low near our 1675.000 support zone. Look for strong reversals and target higher toward 1735.00.
Trade scenario 2: For us to consider Gold bearish again we would first need to see price action break below 1675.00 and form a lower high below.
💡 GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1615.11, beginning of uptrend is expected.
We make sure when the resistance at 1807.13 breaks.
If the support at 1615.11 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1680.82 on 2022-07-21 and the trough at 1614.79 on 2022-09-28, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 1730.00 on 10/04/2022, so more losses to support(s) 1681.71, 1653.53, 1637.49 and minimum to Major Support (1615.11) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 50.
Take Profits:
1681.71
1707.88
1727.70
1765.00
1807.13
1832.23
1878.75
1926.82
1959.30
2000.00
2074.89
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1615.11, beginning of uptrend is expected.
We make sure when the resistance at 1807.13 breaks.
If the support at 1615.11 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1680.82 on 2022-07-21 and the trough at 1614.79 on 2022-09-28, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 1730.00 on 10/04/2022, so more losses to support(s) 1681.71, 1653.53, 1637.49 and minimum to Major Support (1615.11) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 50.
Take Profits:
1681.71
1707.88
1727.70
1765.00
1807.13
1832.23
1878.75
1926.82
1959.30
2000.00
2074.89
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
1550$ Coming for XAU/USD (Short idea)Hello Traders
Last week, USD got gains with NFP and unemployment results.
Also, sentiment around the USD is still bullish so we believe USD is shining even more in the next weeks.
So here is why we are bearish on XAU/USD:
1- RSI and Stochastic are declining (4hr TF).
2- Price made a lower high in lower TFs.
3- Also a small triangle has been broken on top of the channel.
4- Still the price is moving inside of a big downward channel.
5- No local higher high indicates that bearish momentum will continue.
if bearish momentum continues, the price may reach 1550$ or even lower.
Targets have been shown in the chart.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your own research.)
Gold Juggles “both sides” Ahead US NFP.Short Trade Setup – A break below the lower trendline and possible retest could initiate a fresh selloff back to 1660 or further down to retest 2022 low at 1610.
Long Trade Setup – A break above the higher trendline crossing above the 1725-28 resistance zone with a possible retest could initiate a fresh pull-up for buyers to run all the way to 1800-10 or further up to 1880.