AndeWave

AndeWave

Gold is in the 1860-1810 range. The price is locked in a consolidation, but before Friday's news release, the market maker can build enough traps. 1) Price recovers to the zone of interest, resistance 1860 2) Since price is inside the range, it's worth focusing solely on support and resistance. There are three actual trading strategies: breakout, rebound and...

AndeWave Updated 

The XAU forms a retest of the area of interest from the 1819 resistance. I assume that the previous false-break did not reach the necessary liquidity and thus the price can go up to 1825 or 1828 (0.382 Fibo) 1) Local rise, no update of the local lows 2) Fast retest of resistance - a signal to a possible breakout and price growth 3) There is a probability of a...

AndeWave

Gold refuses to test the strong support at 1802 and is now headed for the retest of the 100 SMA. 1) The price movement is fading and some sort of sideways range of 1857-1809 is starting to form 2) The level of 1821 might carry the key stage in the near future. Breakdown of this zone can send the price to 1850 3) The trend is bearish, and the bearish candlestick,...

AndeWave Updated 

Gold. Recovery attempt. From 1809 after the panic, the price strengthens to the mark of 2015, apparently, the MM has a priority before a further fall - a retest of the 1820 area, the zone of interest. 1) The trend is bearish 2) No strong reaction to the support area 3) The nearest area of interest for the sellers is the 1820 area. 4) Local reversal pattern may...

AndeWave

The news background regarding inflation and the rate provoked a strong drop in the gold market and thereby tore it up. The fall resumes. 1) Regarding the zone 1842-1845 there was a deceptive maneuver: on March 3 it closes above the previous technical pullback, triggering a buying pool, on March 6 the candle is completely above the zone 1842-1845 so it increases...

AndeWave

Gold in the technical pullback phase returns to the retest of the 1842 level. The price is between the key Fibonacci zones 1) Liquidity is falling ahead of the Fed press release 2) Price is testing the 1842 level, if a false breakout occurs, there is a chance for growth to the 1850 area 3) The local trend coincides with the global trend. Both of them are bullish...

AndeWave

Gold tested the 1858 resistance area, which hints at a correction or a lull in the 1840-1850 area before the Fed news 1) The 1858 area is not broken through. The resistance is stronger. 2) Correction after a false-break of the 50-MA is forming. 3) The nearest target for a correction is the rising support or the level of 1821 4) The trend is still bullish 5) At...

AndeWave

Gold starts with a new bullish potential after it breaks through the resistance area at 1840-1845. But, a false-break-down of the high at 1856 will take the price down to the area of interest 1) The price goes below the 0.236 Fibo, most likely the asset corrects to the 0.5 area, below which there is a liquidity zone 2) It is possible to open a low-risk sell from...

AndeWave

Gold opens without a gap, but close to a strong resistance level. Friday's closing candle in its highs keeps the potential for the price to continue its upward move. 1) The trend movement continues as part of last week's rally. 2) BUT, price is in the 1858 - 1821 range, hence, there is a possibility of a pullback from 1858 resistance. 3) The local and global...

AndeWave

The price finishes the corrective movement in the 1800 area. Gold reverses and breaks the base of the reversal pattern. Positive fundamentals are bullish on the futures price. What to expect from XAUUSD in the coming week? 1) U.S. sector news on Friday shook the market a bit and after a two-way maneuver, the price is headed up and renews its two-week high 2)...

AndeWave

Gold breaks through again and once again indicates that it is going to get stronger 1) Breakout of the level of 1845. If the price forms a consolidation between 1845-1847, we might look for an entry point to buy. 2) The local and global trends coincide, they are bullish. 3) The potential for price growth to the liquidity zone 1860 is open. 4) But! strong...

AndeWave

Gold makes a false break and forms a fairly predictable reaction. The price strengthens to 1845. 1) Since the opening the price is seeking upwards and is testing the local resistance of 1844. 2) In the near future the price may test the 1858 area. 3) There is a chance that the bearish correction is over and the price will continue its growth. 4) Overcoming the...

AndeWave Updated 

Gold is testing the important 1830 zone, which will determine the further direction of the price. We wait for a confirmation. 1) The correction may end at 1830 2) The price has entered below the liquidity zone and is essentially forming a consolidation. 3) The previous resistance breakout may indicate the future direction At the moment the local uptrend has...

AndeWave

Gold consolidates in the upper plane of relatively strong support. 1) False break of support 1821 sends the price into the long zone 2) Touching the MA-200 (the bulls are still in control of the trend). 3) The price latching above the uptrend line can complete the correction, and amid the positive news release, the price may fly to 1900 rather quickly 4) The...

AndeWave

Gold is moving up in steps. Clearly, potential key support zones are forming on the background of a local resistance breakout. 1) We see an interest in buying gold in the market. Somebody bought it cheap, and now they need to move the price up. 2) A consolidation above the support of 1820 sends the price to 1830. The price breaks through the zone and tries to...

AndeWave

Gold, under the pressure of the fundamental reports and weakening dollar, makes a jump up by making a false-break of the 1824 zone and the rising support line 1) An interesting maneuver makes people panic, which creates quite big spikes in volumes. The price is in the green zone again. 2) The flat above support is under bullish control. The potential for growth...

AndeWave

Gold continues to fall, now the price is trying to hold on to the support zone, but in the near term this level could be broken 1) A strong and dense fall. 2) The nearest retest of the 1805 area. 3) The potential in the market is bearish and the local chart does not show the strength of the buyers 4) Breakout of the 1805 area will clear the way for a decline 5)...

AndeWave

Gold is sticking to the development of the situation to achieve short targets. There are no set-ups on the chart for the expected counter-trend pullbacks. 1) A consolidation is forming near the support level of 1809 2) The trend is bearish 3) The price failed to test resistance 1821, there is strong bearish leverage 4) Fundamental factors influence the futures...