Get started

Auxusd

Gold, Channel-Terminations, Decisive Factors In Upcoming Times!Hi, Welcome to this analysis about Gold, we are looking at the daily timeframe perspectives. Since asset-price-inflation moved established in the stock market and pushed prices into an upthrust Gold as a factual anticyclical asset moved into a more or less downward movement with several attempts to reverse and form stabilizations-attempts however did not yet show up with the proper final validations, therefore it is highly necessary that Gold moves on with the right price-actions. Now as I discovered it has formed this major descending-channel-formation with the coherent wave-count and the waves A to C already completed. In this wave-count Gold is testing the upper boundary of the channel where still strong resistance is lying and therefore likely to be the origin of the wave D to the downside that will test the lower zones of support which are highly important to hold and bounce for gold showing a potential back-up and channel-breakout upcoming which has a considerable potential to emerge sooner or later. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the market.
TVC:GOLD
by VincePrince
9
Will The Surprised NFP Job Reports Drag Gold's Price Down?Positive data came from NFP for the month of March. While Economists forecast a rise by 647,000, instead it jumped 916,000. Not only that, the unemployment rate also dropped to 6%. These report alone should drag gold down while the dollar index suppose to rally up. However, gold ended bullish. Looking ahead, gold temporally has bottom-out at 1675 and likely to make short rally up towards 1800. Gold still have a long way to go above 1800 as price most likely will re-test the low 1700 (or below) N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
OANDA:XAUUSDLong
by BullBearMkt
4
GOLD\XAUUSD (Y21.P2.E1).Macro structure.Correction Over?Hi Traders, GOLD hit its target based on what I saw in Dec 2019 and hence the macro correction, ABC wave. Who says TA doesn't work. Here is the proof. The question now is, or was, is it going to be a medium to deep pullback. If one looks at the chart, you can also argue that we are doing the handle component to the macro formation. Moving foreword, I'm expecting something like a double bounce "W" or sideways ranging price action to give a macro reversal. This purely based on fib level and structure. Looking at the weekly indicators, the majority have their signals crossed over, indicating some upward pressure. However not significant. I have the KDJ where I noted if the 1st orange signal needs to approach 50% to give it chance to change price trend direction. We so for have only the intension to change, where this signals cross over. Similarly with the Phoeix and WT\MACD. Based on these, Fib level, indicators and price structure, I think we are going to see a turn around in the coming weeks\months. all the best, S.SAri
OANDA:XAUUSDLong
by ssari
1
Buy gold bull flag daily charts and buy silverHopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time. We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855. Further we had a nice inverse head and shoulders break today on gold on the hourly charts to further hammer in the bottom of this pattern. A great time to buy Pattern has also been replicated on silver hourly chart so it looks as though metals are very much in favour again Buy and hold both
TVC:GOLDLong
by breakoutfakeout