gold longgold has broken a daily level to the upside, if we can get a pull back and show this holds as support with a candle rejection on the 1hr - I will look to enter for the long.
Buygold
GOLD - Big correction ended ?Last week GOLD has drop heavily almost 800pip !
This movement suggest big correction has took place.
Our trade plan :
1) As critical level still intact - We will buy until Key Level only : and IF price stays above the Key Level , we suggesting more strong upward movement will continue to complete third wave impulsive.
GOLD projection until 2023This is rough assumption for GOLD to go more higher near / more than 1900+- as average all time high on 2011.
2011 high is expected as the BIG wave 3. On weekly perspective, we are in the middle of BIG wave 5.
**This count may changed as lower time frame would lead, before the major wave unfolded.
BUY GOLD AT 1611 !!!!Traders, you are getting another opportunity to ride GOLD LONG at a great RRR !!
wait until it reaches 1611, buy and 1st target 1689 then 2nd target 1720.
wish you the best of luck
The rise in gold continueWe have new higher levels this morning, which is not reached since 2013.
So far, the movement is definitely up,
the next resistance levels are:
$ 1681
$ 1688
$ 1690
Keep an eye on GOLDGold's chart shows an interesting formation today.
This chart pattern has two options henceforward.
At both of them, more likely we gonna see drop around $ 1560 level first.
Once the price drops, it will be important whether it will find support around these levels and continue moving up to $ 1600 or if a breakthrough occurs we'll see deeper drop to $ 1540 - $ 1520 levels.
Gold trade idea(1hr)Congrats on previous sell .. Still Gold continue following the bullish trendline religiously as we await a break soon.. So we see a buy short to resistance/top trendline then following a long sell long back to supports/bottom trendline..Make use of your sell limits with due respect to chart idea NB; As long as neither trendlines broken follow analyses. Please comment, like and share your ideas on this particular pair too. thanks!
GOLD : Bulls in controlBullish remains as further resistance was broken. Our views remain bullish.
Critical level : 1582.919
Key level : 1586.078
Last fifth wave structure : Long GOLDCritical level : 1599.994
Buy gold after market breaks buy confirmation level.
The fifth wave is assume in the making as long as critical level is intact.
Good luck !
BUY GOLD 2:1 RATIO hammer on 1h, testing support at the moment, if holds above. enter at 1521 and aim for 1534 with a stop loss of 1517.
goodluck
BUY LIKE THERE IS NO TOMORROWGOLD
Setup: Bullish Structure
Confluence:
Structure Breakout & Retest
Market Trap
Entry:
Buy @ 1460; SL @ 1455; TP @ 1600
1 TO 10 RRR ON GOLD? XAUUSD
Overall trend still up trend, price is doing correction for quite sometime,
assuming this is the end of the correction, price is going to fly to complete the move.
Buy @ 1485
SL @ 1474
TP @ 1600
Let's see how it goes
LongYesterday we broke triangle/wedge now the price is testing it on 1h and 4h. Pluss tested support 1500 level. So I'm going long with TP with 1560.
Gold on top.Gold has reached top finally, now will see if it gets broken or tested and back down, if broken then expect retest and up to the yellow line
$GOLD #GOLD will it behave or be irrational? #XAUUSD$GOLD #GOLD will it behave or be irrational? #XAUUSD
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Prologue
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Gold has been on a makro view in a uptrend but painting now lower highs and lower lows on smaller timeframes it is maybe coming into exhaustion. Given past market condition of retracing Index & Stock market prices it gained because in general Gold is viewed as a safe haven asset. This state of uncertainty makes a little bit harder to apply technical analysis because at any point an irrational move can happen.
So we need to take this irrationality in our risk Management calculation and be prepared.
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Macro View - Neutral to Bullish
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just to sum it up on a Makro View (Weekly, 3Day, 2Day and Daily) nothing has changed.
Gold has not broke the 0.236 Fib Retracement to the downside and is still in a Macro Uptrend.
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Mikro View - Bearish
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Looking at the H4 Chart the Stochastic oscillator is leaving the bullish control zone crossed and pointing down.
Also we because we are painting lower lows and lower highs on the price chart and RSI we are in a downwards channel
The RSI is trending upwards, regained the EMA and ist still above it but is confluent with price still in a downward channel.
The upper descending Trendline of the downwards channel is creating resistance around the 1520 price.
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Key Levels to Watch
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1.) Resistance 1520 (Downwards Channel and Start of Resistance Zone)
2.) Resistance 1550 and 1st Target of a upside move
3.) a Break of the Downwards Channel to the Upside is pointing to 1580 (measured move)
1.) Support 1485
2.) Support 1460 - 1440 (Support Area and lower trendline of downward channel)
3.) Support 1420 (Measured move from break of 1485)
4.) Support 1375 (Major Support and measured move from downwards channel breakthrough)
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Have your stops in place and trade Safe!
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$GLD $GDX $GDXJ #GLD #GDX #GDXJ $NEM $GOLD. $HOC.L $2899.KH $BOL.ST $XAUUSD #XAUUSD #XAU #TRADINGGOLD #GOLDPRICE #TECHNICALANALYSIS
Gold (XAUUSD) Rally Soon. Stock up on Gold In the times of crisis, it has been recorded in history that people stock up on Gold in fear that their economies are crashing or some global event is taking place. Gold has been rallying for over a year now and I do not see momentum slowing anytime soon. I will enter long shortly, but waiting for a solid break above 1550.00 before entering. If price falls below 1300.00, then I will go short for 200 pips and track the downtrend, protecting my shorts from any rally along the decline.
XAUUSD / GOLD - Bullish Gold is bullish... Buy now and hold till you can.... you will never disappoint and i repeat.
price was reversed from the 0.382 fibo level to upwards and bottom line of bollinger band is providing strong support to push gold much as high. RSI history data shown us that if price was reversed from 40.16 level price gone up.
you can see the round circle of in 0.382 fibo level how is the price movement. From all of these confirmations, what i can tell is GOLD is back to his bullish momentum till 1600 or more for long term.
Note: Trade at your own risk and fundamental can affect to the analysis but no so much :)
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