Despite dollar weakness, XAU/USD lacks bullish conviction on the prospect of aggressive monetary policy tightening by global central banks, including the Federal Reserve. Indeed, the US central bank will say last week that it will raise interest rates at a faster pace at its upcoming meetings to rein in rising inflation. This could continue to act as a tailwind...
Gold bounce from demand level at AVWAP 1700. Next target 1800.
The price is currently in a descending channel, it has broken the channel once with an unsuccessful break from the bottom and returned to the channel again. It is currently on an important support level and it can be expected to rise and hit the ceiling of the descending channel. If this level is broken, the movement continues with the descending...
Maybe that could happen with the same pattern.. but my TP is always to 2070 before Wednesday, 16 March ( Fed Interest Rate Decision ).. then we sell from top till TP1: 2000 TP2: 1961. see you soon folks
Touch the .618 aka golden ratio. :D weekly monthly daily bullish, Entry in the intraday time frame. COT data shows still big banks adding more longs and closing shorts. Due to the geopolitical events, it can hit the target. :D Enjoy the ride :D
In the daily time frame of gold, what can be seen is that the price has moved away from the Ichi cloud. And the point is that the price trend is always drawn to it (the Ichi cloud) after avoiding it. So we expect the price of gold to fall for a short time.... This is the simplest analysis I can give you...
HY TRADERS USD/JPY has reached the period of maturity and will now follow the path of bearish from the point of 114.04 till 113.60 so it will be like 52 pips from this point so traders who are into USD/JPY hopefully you will profit from this particular trade THANKYOU YEARNCO
Gold looks as if its going to 1700, as it fails to break above the B-zone on the A,B,C correction. Also it continues to be rejected at the 50 day EMA. We see it going to 1700 within the next 2 weeks.
I expect Gold to continue its consolidation between 1750 and 1760. An upward breakout should take it into the 1780 zones where it is likely to face resistance at 1785. My view is to buy Gold up to 1800 for this week. Best of luck guys. Note, I use only price actions and no indicators in my analysis.
As you can see gold still moving in a negative trend, and today we have to watch closely I am still holding sell positions of yesterday Targets: 1727 1721 As of now, and who knows maybe more.
According to my personal analysis Gold reaches the specified limits and I expect to climb to the specified targets Male write to me about this analysis?
As we can see on the chart GOLD is in a symmetric triangle and we are above a very goog demand zone , with this patterns and zones we can expect market to breake the resisirance and move up to the next supply zone, i am expecting the market goe down till 1777.00 or 1775.00 and start going up again if we breake below 1770.00 we are going for 1760.00 FOREXCOM:XAUUSD...
It will continue to move in an upward direction until it reaches the resistance area Then the downward trend continues first target 1703.68 second target 1685.67
GOLD Going bullish after reached confluence levels.
I am using RSI and Stoch Oscillator with combination few moving average lines 20, 50 and 100 and also 1 trend line
Hi all.it seems price will be range among 1760 till 1804 area so i think for while, it is best strategy buy near 1760 area and sell 1804 area .... Please share your idea about it.Thanks.
As it was anticipated before, the yellow metal has reached its resistance level and could not break this level out so in my opinion, it is the best opportunity to sell till 1740. good luck!