Gold prices are showing signs of a potential bullish continuation. The price has retraced to the 0.5 Fibonacci level at 2,677.26 USD after a strong upward move and appears to be stabilizing around this support. The current consolidation above 2,677.26 USD suggests the possibility of another upward push toward the 1.0 Fibonacci level at 2,697.98 USD, with further...
The gold market has been exhibiting bullish momentum, supported by an upward trendline. After reaching a recent low at approximately 2,611.93 USD, the price has shown signs of a rebound near key Fibonacci levels. The key support area around 2,610.00 USD (0.786 retracement level) is holding strong, and gold is now approaching the 0.50 Fibonacci retracement level at...
The 1-hour XAU/USD chart reveals a potential corrective Elliott Wave (A-B-C) pattern following a completed (W-X-Y) structure. Expected Corrective ABC Pattern: Wave (A): The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave (B): A minor retracement is expected to occur, likely staying below the $2,662 resistance level. Wave (C):...
The daily XAU/USD chart reveals a completed Elliott Wave (1-5) structure, with wave (5) peaking near the $2,720 resistance level. This marks a potential reversal zone for gold prices. Expected Corrective ABC Pattern: Wave A: The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave B: A minor retracement is expected to occur, likely...
The 4-hour XAU/USD chart shows a completed Elliott Wave (1-5) structure, with wave (5) reaching the $2,655-$2,660 resistance zone, indicating a potential reversal. A corrective ABC pattern is expected: Wave A: Targeting $2,620-$2,630 (middle support zone). Wave B: Minor retracement below $2,655. Wave C: Extending to $2,600-$2,610 (lower support). As gold...
rice consolidation around the 0.5 Fibonacci retracement level at 2,632.796 signals a potential continuation of the bullish trend. A breakout above this zone confirms strong buyer momentum, providing an opportunity to capitalize on the uptrend. Trade Setup: Entry: 2,632.796 Stop Loss: 2,620.949 (below Fib 0.0 level for protection) Take Profit: Target 1:...
On the 30-minute XAU/USD (Gold) chart, I’ve identified a potential long setup based on Fibonacci levels and recent price action. 🔹 Entry: Enter around the current level at $2,556, where we’re seeing signs of support. 🔹 Stop Loss: Place below the recent low near the 1.0 Fibonacci extension level at $2,536. This area has previously acted as support, and a break...
In this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones. Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance. Take-Profit Target: The first...
Gold's bullish run from 2654 to 2740 has shifted to a sideways phase. To profit in this range-bound market, sell at resistance and buy at support levels on your chart. If a breakout occurs, follow the new trend. Happy trading!
Recently, gold experienced a false breakout and re-tested support at 2622. This re-test has led the market back into a sideways movement, but with a strong bullish momentum building up along the trendline. Resistance at 2655: If gold can reach and sustain its price at 2655, this will serve as the first confirmation of a bullish trend continuation. Second...
A bullish pin bar has formed on the gold chart, suggesting a potential rise in gold prices. If the price breaks above the 2325 resistance level, this would confirm the bullish trend. It is advisable to set a stop-loss in the 2310-2305 range to manage risk in case of a breakout.
Gold's current Falling Wedge Reversal pattern presents an excellent opportunity for traders to capitalize on a potential upward movement. By waiting for a confirmed breakout above 2334 , or alternatively entering at the support level of 2320 , traders can strategically position themselves for potential gains. Ensuring a stop loss at 2316 will help manage risk...
Gold is now rising, indicating a short-term slowdown. The downtrend continues in the long term. If can't rise-up above 1693 that would mean a reversal signal would occur. If gold breaks through the 1614 support, the downtrend will continue. and I looking for Cypher pattern. Good LUCK!!
Gold will pullback to test 1727-1728 and then short again. if break 1728 next resistance is 1733 and 1741. Beware DXY continues to weaken. Goodluck
Possible gold will reversal at 1725 to make 3rd wave. be careful for DXY continue stronger now.
Now gold can't break 1680(Strong Support). gold close green candle and this signal for bullish. first resistance 1730 if can't close above will pullback to 1712. Probability Stronger of EUR to force USD and then gold will changer for long. Good Luck.
careful big TF is position for long collected. Gold will will have some short to 1805 and locking for entry postions to long, have a good day everyone ^^ all of this from my opinion only