This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of...
Heres a detailed technical analysis on my view for XAUUSD (Gold) for Sunday/Monday October 5th/6th onwards. I am very technically oriented in my trading and trust my own analysis. This coming week will either be extremely volatile or slow as we come towards the year end. I am excited to see how covid will play on Gold and the USD Index and will keep in mind its...
GOLD reached towards daily, weekly demand zone, with positive COT report with net longs depicts the accumulation zone ready to blow up. Viewing technically on LTF(4 hr) a bullish MACD & RSI divergence supports the view with a falling wedge formation. Key levels mentioned on chart. Trade with caution and trailing stop loss.
After identifying strong structure on the 1 hour & 4 hour charts and seeing rejections in those timeframes I decided that a possible scalp for longs would suffice as todays news was also quite neutral and did not have a large impact on gold. With the green line representing 1-4 hour support levels, I identified key rejections on the 15 & 30 minute charts and...
Today gold broke above important resistance level at 1835 USD and reached temporary high at 1868.626 USD per ounce. Breakout above 1835 USD resistance is particularly bullish development for gold as we noted in our previous ideas. We anticipated this move for a while now; and we stated that once this resistance level was taken out, then resumption of an uptrend in...
XAUUSD continues to climb higher. At the same time, the odds for validation of inverted head and shoulders pattern increasingly grow. Pattern will get validated once neckline (around 1835 USD) is penetrated to upside. This neckline currently acts as important resistance level. We expect occurence of breakout above this resistance to be accompanied by resumption...
XAUUSD trades just 10 USD below its short-term resistance. We will observe gold in the following days and we will look for potential strength that could elevate price above short-term resistance. In our opinion such occurence would be very bullish development for gold. Indeed, we expect it to cause resumption of uptrend in gold. Because of that we continue to be...
Gold is at the resistance line of the descending channel in black on the daily chart. I expect it to breakout and go up to the daily resistance line in red and then come retest the the level where it's at right now the shoot back up. My reason is that DXY recently hit the resistance line in red and is on it's way back down already let's just hope it tears through...
Price has broken outside the trendline which opens 1806, 1818, 1830 but resisting on a EMA5 strong turn resistance. If we do not get confirmations via our Goldview setups then it is likely to break back into the channel and target 1787, 1777, 1767 and then 1748, as these setups have already had some activation. We will keep you posted on how we manage this...
Hello Traders, if we'll measure 1676-1916 ample as 1st Ample after (C) correction, then what could we expect for optimal (1,*3*,5) third wave. Here I've tried to illustrate it.
Gold is playing a big cup & handle pattern in weekly time frame. According to my view it will be reach $ 2,800 before 2025. Thank you ! #DoYourOwnResearch# #IamNotaFinancialAdvisor#
In recent days XAUUSD dropped below 1800 USD towards it short term support around 1785 USD. Since then it rebounded little bit and it currently trades around 1795 USD. In the big picture we are still very bullish on gold. Especially in medium-term and long-term. Although, XAUUSD failed to break above its short-term resistance and travel through its confirmation...
Since our last update on 27th August 2021 gold has traveled towards resistance around 1834 USD. It currently trades around 1830 USD. In the following days we will observe gold for strength. We will watch out for breakout above 1834 USD as we remain bullish on gold. Our short term price target remains 1850 USD and our medium term price target remains 1875 USD. We...
Gold has rebounded from its recent low at 1677.686 USD. Currently it trades around 1750 USD. RSI reversed to the upside and crossed above 30 points on its way, showing bullish signs at the moment. MACD is flattening out. Stochastic oscillates in its lower area, although, it starts to show first signs of reversing to the upside similarly like RSI. First resistance...
We are currently bullish on gold, we shall wait for confirmation from the shown areas. Although we could possibly see some more downside pressure, we have bullish bias.
The above chart shows the daily timeframe for XAUUSD. We note that price has moved into a bullish area (zone 1). The Bollinger’s have also narrowed which may suggest that volatility is due to increase (blue rectangle). Moreover, the RSI has moved above 50 (red rectangle), which is the bullish area of the oscillator and the stochastic has tuned positive (green...