Gold Cup & Handle?Is gold drawing a Cup and Handle on the daily? With UJ seasonality in agreement the likelihood increases...
Xaulong
XAUUSD Bullish Cycle at Market Maker Method!Look for tomorrow's GDP entry opportunity!
Bearish MMM cycle done, let's rise with the WVV bullish cycle in FX_IDC:XAUUSD FX_IDC:XAUUSD
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Regards!
Bruno
GOLD - Buy TimeWe need to hold 1236$ support trend line else gold will most likely go --> 1180 which would be crazy crazy oversold
High risk reward that 1236 holds
Gold (XAUUSD) - Long Term Bullish TrendThe Simple Moving Average 200W "BreakUp" and the triangle pattern promote a long term bullish perspective. Fibonacci golden ratio of 61,8% (@1285) becomes as an important support.
Gold I'm neutral on.Highest point buyers moved was 1321.87 which is the white line.
THEN SECOND lowest point 1319.60 which is the the yellow line
Then price moved down to 1318.25 to the purple line.
price moved lower each time so buyers are dying out.
However the new candle stick opened closer to the high then it did to the low of the candle. so thats why I'm going to wait to 1306 to sell.
because to much spikes happen near that zone looks like a trap zone. everytime near that support level it kept spiking up.
See the green candle look how it wicked up 50 pips and closed higher mad fake outs at that zone
and the daily candle that happen after the green one look how it closed higher! from that last wick it was at the pervious day
why didn't it close lower I'll be patient. If I’m going to sell at 1307.30 I’ll take profit like 1298.64
Risk reward
you wanna settle for 45 pips ?or 100 pips
Gold - We're in for a Gold "crypto rush" - Goldrush 2.0Log view, we're sitting nicely on 0.236
Gold won't break down below this triangle if not oil breaks down... Currently there is no way to change the vehicle fuel to electric, it will take 5-10ys of development. Trucks haven't even made that shift yet. (Tesla/Volvo not there yet)
Gold currently costs more and more to mine with a absolute breakeven at 1100, a more just estimate would be 1150 and growing with rising oil prices + physical demand + scarcity.
Conclusion --> this could lead to gold rush 2.0
(if u think prices can't move much above mining cost for 1 oz... then think about Bitcoin trading at 16k costing 1.5k usd to mine with the best equipment... This would put gold at 13k so don't bring up that crap)
TRUMP will be able to secure the US future by driving up the Gold prices to pay of national debt and regain control with Dollar as the world currency. This is not a farfetched theory. We can either have a new world currency --> crash horrible situation on earth, wars before that happens... or Anarchy cryptos --> blood war and suffering before their utopia will be achieved by the banks capitalisation... or pragmatic deflationary cryptos like Ripple --> slow increase of the populations power compared to the banking cartell .... or higher gold prices --> a fair spread out of power of the world regions USA,Europe,Asia
deflationary non anarchy crypto + gold backing or just as a reserve investing option could once again slowly assure the power given back to the people in regaining control from the evil satanic twats in control of wealth and everything that happens pretty much the way it does and has been on earth.
It's your choice which future you choose to invest in. I would recommend one that causes as little people killed or harmed as possible
XAU/USD STRUCTURE RETEST As you see on the Chart, Gold is pulling back to our Daily Support zone and FIB region at 1242.60. Could we see a rejection of it ?
XAUUSD Long setupClose above falling trend line, retest of trendline which also happens to be a fibonacci level.
Long up to 1250
GOLD LONG: Trendline, previous resistance zoneAs in chart.
Supported by fundamental bearish outlook on USDJPY.
XAUUSD Hourly, break it or make itIn our case we have trend line being hit and respected, historical support and resistance area respected thus far, 0.618 fib retracement on higher timeframe, and a 0.382 fib of recent bullish leg being our first entry.
You can see the breakout from the consolidation channel within orange.
Buying zones in strong light green.
If we close below 1260 we will most likely see at least 1250 within a near future.
Gold: Possible scenario for continuing the uptrend.With the approach to the upward support level, long positions can be opened with a target in the area of 1300. I do not like the price dynamics at the moment of breaking up the resistance level. A short stop can make a profit in case the upward movement does not develop in the area of 1300. But for such a scenario it will be necessary to track the situation inside the day.
Long gold to 1250So at the moment I'm long gold it broke the orange channel, to the upside. The purple channel was broken to the downside now to retest that purple channel. 1250-1260 I'm happy with 1250 personally.
I will look to short around 125x
XAUUSD (4h) Long setup, simple structure trend cont.Simple structure and trend continuation setup.
We have previously strong resistance to, hopefully, act as our support in this trend continuation trade.
Together with the support, we also have a trendline which should add to the case.
..and we also see the double bottom at the previous resistance level.
This pair has been respecting structure and trend thus far, the only signal I needed to enter was the bullish engulfing which is seen on hourly.
We're in, target previous highest close.
Stop loss below trendline.
(Break and close under trendline will invalidate this setup for me.)
XAUUSD - A bat shows his face. Time to get longA bat-pattern together with heavily oversold conditions signals me to go long on this pair, with target just below 38.2% fib of C-D leg
Lets see if we fly
XAUUSD (1h) Break of wedge to the upside, long opportunityPrice action is heading towards previous (historical) support level.
Break of wedge to the upside gives me a signal to go long at retest.
Targeting the historical support level.
XAUUSD Bullish Gartley within pennant 4H/1DBullish gartley completed at D leg, buy order pending for a retest of bullish trendline (bottom of the bullish pennant)
With the gartley completion we have;
Oversold condition
Structure(support)
Bullish trendline (support)
Marked my stop loss and target levels.
Happy gold digging
SHORT-TERM BULLISH GOLD AFTER HAMER CANDLEWith lousy and direction-less equity markets today - Europe rollercoaster, US hibernating - let's take a look at Gold. The precious metal yielded a near-perfect bullish hammer candle today. I usually like to see those at the end of a longer downtrend, but would never want to ignore a hammer, when I see one.
My longer-term technical work suggests a fresh bull cycle for commodities and Gold, and with that in mind, today's hammer becomes more interesting.
Fundamentally, is this is a hint at dovish Yellen in Jackson Hole? Let's see...
Targets: 1374
Stop level: 1332/31
Gold XAUUSD 30min bullish divergence Gold XAUUSD 30min bullish divergence
looks like a good chance for gold xauusd to bounce back to 1230, then 1250 levels
Cheers,
SinatraFX
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