Get started

GOLD/AUD

GOLD NEXT WEEK #15Forecast: Price action is a bit stuck and out of favor. Downside target's @ ~1725, ~1716 or ~1707. Upside target's - retest of last weeks high @ ~1757. If bull's get the upper hand and momentum pick's up, look for target @ ~1785ish. As always, keep eye on Bond selling. Trade safe, be well... I'll keep you posted. About Gold Next Week # A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points. Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals. Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade. Best Regards OmarDjurhuus
OANDA:XAUUSDLong
by UnknownUnicorn212178
is GOLD coming ??As can be seen in the graph, Gold seems to form an upside-down Shoulder-Head-Shoulders formation over a very wide time interval. In such a case, if the $ 1670 levels, which it has been recently supported, will form the Right Shoulder, we can see the first target of $ 2180 and then the target will be $ 3000 because of the formation target. However, as a counter to the above scenario, prices must first break the downward trend, if not, we can see a retracement to one of the strongest horizontal resistances of $ 1400 . It contains only personal views and opinions. Does not contain legal investment advice ...
GLong
by EmoteK
Fibonacci channel analysis-Downtrend in gold was expectedGOLD Since start of this year the shining metal has loses its shine as its started to fell off from the 1960.00 which is 400 pips below the Major key psychological level acting as strong resistance for the bear. We can see the longer term downtrend channel formation since January And Gold is unable to break this downtrend channel formation. The fundamental factors such as The vaccine roll out around the globe and the declining phase of the covid-19 and the economic optimism around the globe is also a key factor which causing the investors were fled to the stock market and equity markets. Because the risk sentiment was shifted from negative to positive in recent months. The industrial and service sector was slowly gaining momentum. Another one factor here to consider is the galloping in the prices of Bitcoin and other stable coins. Nowadays the investors are more interested to invest in cryptocurrencies.Though the global gold consumption was slowly regaining the price patterns were still pointing downwards Gold has broken three major key psychological levels such as 1900.00 1800.00 1700.00 Currently 17000.00 was acting as dynamic support and resistance for the both bull and bear. The price was well below the Point of control and The price was trading below the 200,100 Exponential moving average. only 50 EMA was acting as last resort of hope for the bull. In Fibonacci channel the price has tend to bounce from .50 and 0.618 retracement level and the price cannot fall below this levels. Ahead of the today FOMC meeting the direction was unknown if the price broke the downtrend channel the price might reach around 1800.00 If the price is still within the downtrend channel it will reach around 1650.00 as the next downside target. We can see a triangle formation and it was expected to break to the south
OANDA:XAUUSDShort
by forexorbit