Get started

Xausdlong

XAUUSD Long Gold retracement occurred after tapping 2074 level ( weekly high of 2 year ago ) Due to fundamental favoring Gold and demand of XAUUSD rising we may see the break above of price 2074 from this retracement of a exhaustion. We have POI level being respected above FIB 0.6 level and respecting the 2 year support area I have listed in the chart Price action has been turning back into bull favor after 880 Points. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Trade safe this for educational purposes
OANDA:XAUUSDLong
by SilverisFX
GOLD is ready for a rallyGreetings Traders, Gold has been in a continuous downtrend since June, 2021 followed by a major crash on 9th August, 2021 which pushed the gold prices to as low as ~1,680 $ to the support level of April - June, 2020 and March, 2021. But the crash was soon followed by strong buying of Gold which resulted in daily candle closure above upper demand zone, but that upward momentum was unable to break the supply zone range of 1,830$ - 1,835$ which pushed the prices downward to 1,725$ - 1,720$ Demand zone once again while forming double Bottom at Daily chart along with Bullish RSI divergence as shown above. It was also forming Expanding Falling wedge Pattern as shown below in 4hr chart: The Wave E was completed at the Demand zone, the bounce from strong Demand zone area showing Bullish RSI divergence in 4hr and 1d charts pushed the prices to upper trendline resistance of wedge at current level. Currently it is also making inverse Cup & Handle pattern on 1hr chart which is about to break upward soon as shown in the 1hr chart below: The current upward momentum and the Bullish chart patterns forming on different timeframes are indicating a strong upward movement. This momentum will act as the push needed for Gold to break its Supply Zone and Resistances allowing it to make a good upward rally in upcoming days. There is a good possibility of a new All-Time-High in upcoming Weeks / Months as well. ~Regards ~Syed Hamza
FOREXCOM:XAUUSDLong
by syedhamza2135
1
H1 LEVELS AND UPDATE ON GOLD TARGETSPrice has crossed below 1845 and EMA5 confirmation with candle close. We have a clean run to 1825 benchmark which is now open for the short term. Long term we are targeting buys therefore will not be adding to any positions until the 1825 mark is cleared. This is the time where we sit patiently and wait. We will look for the 1846 level to be retested and broken with a Goldturn to resume the Bull targets above and our overall direction. We will of-course update any changes, as we continue to analyze and update our moves. Please do like, comment and follow to support us, we really appreciate it. GoldView
OANDA:XAUUSD
by Goldviewfx
15