GOLD ANALYSISGold has been recovered past few days quite well. From the monthly chart, We can see Bullis Head and Shoulders pattern forming. The weekly Chart also has the same pattern. On the daily chart, we have seen a nice move to the upside.
After this impulse to the upside, we want to see a correction to at least the 1785-1790 region before continuing the upside.
So, we will be looking for the price to give us a correction and we will look to go long if all the rules of the strategy satisfy.
Feel free to ask me anything :)
Xauusd4h
XAUUSD AnalysisOkay so, past 2 weeks gold gave a big drop of 100 USD which was expected as it is completing its bullish heads and shoulders in one month's chart which means a big bullish move is loading. Markets have been trading in a range for some time now. So, how can we approach entries???
We still have a bullish bias on gold as it's retesting a strong 61.8 Fibonacci level and we expect that gold might move up from this region.
If you want to take a long position then take it do not wait because it will give you a +300usd move to the upside if head and shoulders pan out and caution do not short it's all just manipulations wicked market is doing to us. They just want to shrug off some positions by taking out their stop losses.
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Gold will continue its downtrend shortDue to recent Federal Bank decision, I believe that this downtrend will continue in following days however we can expect several pullbacks to support and resistance. At the moment all fluctuations are fundamentally rather than technical or price action moment.
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Gold might drop again if the bulls fail at 1895Hello traders! My previous idea to sell Gold@1900-1910 was a huge winning
trade as Gold dropped to 1854. I hope you made money from that idea.
(Previous idea attached below for your reference)
Currently, Gold is near the 100 period moving average in the hourly chart.
Price seems to have found some resistance near the 1895 level. So, if this level is intact,
another fall is likely.
So, I recommend selling the rallies @1895 with SL above 1910 and TP at 1850 for another
huge sell trade.
A pullback is possible in GoldGold appears to have hit a hurdle in the 1910 level.
The bulls are unable to take out the 1910 level and we have some
consolidation in this area.
At the same time, US Dollar seems to have found some bids.
This can lead to a pullback in the price of Gold.
If gold continues to struggle in this area then selling Gold@1900-1910
with SL above 1920 and TP at 1845 would be a possible pullback trade.
BUY XAU/USDAfter looking into OANDA:XAUUSD On the 1D timeframe, there was a support area it failed to break, it then had a reversal from the downtrend movement, and now I think it's possible for OANDA:XAUUSD to be uptrending, here's a take on what I looked at :
The trend(UPTREND)
1H and 4H Channel
Support Levels in 4H and 1H
RSI oversold
Support and Resistance
XAUUSD target 1850-1900 than 1500Hi there,
Still think we visit above 1800 to 1900, this last drops was mainly bear trap now to get liquidity from sellers and catch holding sells at wave number 4
DXY chart also very over extended in need of a retracement which will make gold fly.
I only will look for sells above 1800
Good luck.
XAUUSD: $1,680 Gold Is One to WatchXAUUSD (gold) is approaching a must-hold area for bulls.
I mentioned it in yesterday’s video, but $1,680 is a confluence of support.
It’s the intersection of a key horizontal level, descending channel support, and the 61.8% Fibonacci of the 2020 to 2021 range.
Here’s how all of that looks on the chart:
If XAUUSD has any chance of turning this multi-month pullback into a bullish continuation, it will happen at $1,680.
I wouldn’t want to see a daily close below this area.
If that were to occur, we could see gold trend even lower, perhaps toward the $1,600 area.
But as of now, I like the idea of a bounce from the $1,680 region.
As I wrote yesterday, the next key resistance for XAUUSD is $1,760.
You can see how this area supported gold in December and again in February.
A close above that would open the door to the channel top near $1,850.
That said, XAUUSD buyers have to defend $1,680 first.
XAU/USD - WHERE IS BLOOD IN THE OCEAN? (SHARKS LOVE IT!)Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
^ Check out our last week's posted analysis ^
Last week our GOLD analysis was updated twice on this website, usually we only post 1 weekly analysis and update on our platforms.
In our mentioned analysis last week, first one we mentioned that we would be looking for buy potential after taking out lows created tapping into our zone.
We had mentioned this very zone many weeks ago in our previously posted analysis but as we get closer it gets more refined.
It is not a surprise that we see this very zone react with this bullishness considering the fact the selling that had been taking place making this pair undeniably oversold.
We also mentioned a very key selling zone that we saw play out later in the week, seeing this sell coming we were prepared to fire off any bull-shots and we did on Friday from a smaller time frame perspective as intraday
🎆HIGH TIME FRAME
While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better.
✨SMALLER TIME FRAME
Currently bullish, we may see price take out the "FUEL" marked before seeing any sells or.. we just fall right down to our discount zones
we don't make price, we react to it.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
🛒 WHY IS PRICE THIS LOW?
Price was too high back in 2020 at the peak of $2000
This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price)
This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID)
Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation
XAUUSD Growth from the level of XAUUSD Growth from the level of
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