XAUUSD Chop zoneAtm im waiting for the daily close either below or above 1803 above under is sells over is calls if this next 4 hour comes down to 1800 i will go in with small buy and wait to see if the daily closes above but at the moment we have a daily consolidation candle
If it does decide to rip up the 1814 will be another buy zone for me but I want 1803
Xauusdlongterm
XAUUSD - 1D - LONGTREND ANALYSIS - 1D
A cross trend is retested!
After this retesting, a double bottom pattern is quite clear:
- Entry: 1717
- TP: 1867 (or 186x)
- SL: 1685 (or 168x)
TREND ANALYSIS - 1W
EMA 200 is a big support! Downing price came to 1689 then be stopped. As I talked above, double bottom is visible now. This is more evidence for above position.
BASIC ANALYSIS
Wars: Russia and Ukraina, China and Taiwan (potential risk in the future).
Europe: they are stucked in oil/gas.
Economic depression is coming.
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This is long trading, so you guys need to consider your position/budget.
XAUUSD 1W big picture view3 horizontal levels marked on chart
- 1555 weekly support/resistance relevant for the last 10 years as seen on chart
- 1790-1800 weekly support/resistance relevant for the last 10 years as seen on chart
- 1920 highest level of all time, target price for now if we close a weekly candle above 1790-1800 resistance.
Also, triangle pattern between June 13-June 19 - breakout UP June 19.
The breakout above the triangle is what started the huge $500 rally so far.
At the moment we are very close to testing the 1790-1800 support/resistance - weekly close above 1790-1800 will target a swift movement towards 1920.
A drop below 1790-1800 will target 1680 support in the short-mid term and may even test as low as 1555 weekly support/resistance. Would be an identical move to what we've seen 2011.
On the fundamental point of view, Gold is a safe haven.
Right now there is a lot of uncertainty - which will push Gold.
There is also the option of Gold price dropping together with the equity markets (stocks) - as there will be a ton of margin calls and therefor people will be selling Gold to cover for margin calls. But it's a very temporary situation where Gold will for sure recover back up following (as seen march 2020).
Long story short,
Gold is very close to a critical level, meaning - big movement up coming or big movement down, depending on behavior around 1800.
NFP on Thursday will likely be the necessary trigger for the movement.
On a personal note - good chance for breaking 1800.
XAUUSD [GOLD] POTENTIAL FALL As you can see in the chart there is a TRIANGLE FORMATION on gold at the 1D timeframe. It suggests that its VALUE COULD DROP in the coming days. So keep an eye out
Bear in mind that this IS NOT a financial advice, rather an expert analysis. If you find it helpful, please give a review and comment. Happy trading guys !!
WILL GOLD HIT 3000 ?As we can see on weekly timeframe xauusd making Cup&Handle Pattern
an also if we breakdown to lower timeframe especially on Daily timeframe he just making descending channel
which mean he would continuation bullish as soon as possible
We just waiting for clear flag on timeframe 1H-4H to execute long
However this plan can be false if xauusd making new pattern
share your idea below
thankyou friends
Long term technical outlook for GOLD $$As the year end draws close, we thought we would post an overall long term outlook for gold and some long term levels on the monthly chart.
1777 has held well as support on the monthly chart with two Goldturns created on this level. We are expecting gold to move towards 1868 Goldturn and then towards 1976. Once this level or range is tested we are expecting some correction to low 1600s before resuming back into the trend to go and create a new all time high at 2200 projected axis level. Remember we called it!!!
Once again thank you all for your support and please don't forget tp hit like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD SWING 2000+ pips?Looking to swing gold to create new ATHs early next year.
Potential take profit areas are highlighted in green, these are also areas where price could struggle breaking or even reverse so bare that in mind when taking this trade
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
XAUUSD powerful sell signal view....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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