With this analysis, I would like to bring you closer to several formations that could drive the gold price up in the long term, at the end I also go into the current happening in the hourly chart. 1. Superior Cup and Handle Formation in the Monthly Chart As you can clearly see in the monthly as well as in the weekly or also in the daily chart, the price...
Hey guys, Based on the chart there is a good buy opportunity for XAUUSD. So lets check the chart with us and see what is happening: ------------------------------------------------------------------ 1. Breaking the bearish trend line ( Bullish ) 2. Bullish Engulfing candlestick ( Bullish ) 3. Breaking a resistance area strongly and a pullback is happening (...
Gold XAUUSD technical analysis update D1 If you liked our ideas, please support us with your likes 👍 and comments .
Take buy. take your own risk.
Dear Traders, Gold has been in a strong daily up trend since the double bottom at 1680, however its worth mentioning that Gold is still bearish on the daily timeframe until a new high is created above 1960 price. It is approaching an area with multiple strong resistances, hence the slow down in price growth. And with the US dollar starting to gain strength,...
This is an idea not a guide Retracement begins Broke out of its confluence zone in 1H Aggressive downward start to the day before the European session begins Auto Support has formed for the day
OANDA:XAUUSD After divergence in Macd 4H and breaking ascending trend line, it looks like the price will reach the level of 1751-1755, it is much better and safer to wait for the price to break the level1769 and enter in correction wave, but personally in this case looking for a correction to about level1779,(in that point we have to go to the lower time frame to...
im starting fo feel two scenarios for gold in the future, first is Cypher pattern, upward to 1780-1788-1802 and then down to retest 1670 and then 1606-1600 second is Head and shoulder same upward to 1780-1788-1802 and then down to retest 1670 and again up 1760 and again down to the neckline... whats your opinion?
GOLD is in downtrend channel and just testing HL trend line but not break; it is a clear short signal for open position to test next lower 1708.
reason: 1. trend decline 2. price will increase to fibonaci 0.5 or 0.618 and if have signal rejection continue for decline/ downtrend 3. rasio 1:3 4. wait news for confirmation
$GOLD #GOLD $XAU 1963 Tonight or tomorrow? Reverse vaccine trade?
*TRADE AT YOUR OWN RISK. VERY VOLATILE TIMES ANYTHING CAN HAPPEN. CATCHING THE REBOUND ON GOLD GOOD LUCK!
In the 240-minute chart, the first bearish wave (W wave) has finished around $ 1848.20 and the correction is around $ 1965. We are currently in the Y wave, of which the first wave has completed around $ 1850 and the price is in the corrective movement of this trend. It is possible that the corrective wave forming in the format of Flat Pattern, as a result of which...
XAUUSD Bearish scenario The gold is now in a key zone between two strong levels – $1880 resistance and $1850 support. The asset is consolidating here for almost three days now. It is also yet too far from the 9 EMA which for some market participants could be take as a short play in regard of returning to the mean strategy. The key trigger point for short sellers...
I do not think that the 29.55 level is strong enough a resistance. Chances of price breaking above this level are high. Price respected the 26.21 level and closed above it yesterday, this is my go signal. I would be careful thou just in case price fail to break above the immediate resistance.
Everything Explained Through The Chart. I will provide further updates Make sure to follow me & stay updated. Cheers!