Buygold
Expect Gold Up to 1850Gold selling is overdone on a reaction to feds meeting last week.
Bond yields have already dipped back to a new low.
Gold hasnt quite reacted yet.
Im going to ignore teh small fluctionation on teh way... and LONG GOLD to 1850.
1850 is a very crtical level technically, i will reassess there to understand when to do the BIG SHORT.
Buy Gold to 1850 for now.
gold road to 2k?price now breaking resistance at 1910 based on h4 timeframe.
looking forward for price to retest at zone prices 1900-1902 / 1908-1910 for buy order
risk when price close below 1900 best stop loss at 1890 lowest.
first target 1950
second target 1980
third target 2020
good luck and trade at your own risk :D
Long XAU/USDYesterday I posted a short idea for XAU/USD, however because its been in a ranging environment last week, its difficult to really determine what the price will do next. So I thought I'd share an alternative bullish scenario. From a price action point of view, break of the recent high, double bottom and break through structure point to a bullish momentum as indicated in the chart. However, because of huge unexpected downward push on EUR/USD yesterday (30/04) and the fact that bulls are currently playing a tug of war on xau/usd, it makes me question if we're not about to be faked out before further collapse -> refer to the previous chart. Break from the ranging environment will provide an indication of what to do next. Which side are you guys on?
Gold analysisYesterday we saw a downtrend breakout on the H1 chart.
At the same time price closed above previous high.
We are expecting another upside move that will end current price hold around market open.
It should take market up at 1755-60!
This zone appears to be exceptionally strong and important.
We will watch closely how price will react, and if we see a break above 1760, then we would have valid trade entries.
Potential scalp for XAU/USD retracement?Once again, glad to say the previous analysis played out according to expectations! XAU/USD is still very much in a bearish market structure, with next major stop at 1570 for swing traders. For intraday/scalp traders there is a potential for an upward movement with take profit at 1740. However, it may be a good idea to keep an eye out on the 1723 level. What are everyone's thoughts?
$2,300 Gold?Here's what I know:
- Gold is in an uptrend
- It put in a nearly perfect 50% retracement
- Good support at ~$1,760
What to look for:
- break of the trend line...ideally two bars closing above with a touchback.
- further weakening of the USD
What to do?
- Start adding long positions now with stop loss around $1,750.
- Add to long position with break of trend line.
- Once the trend line is broken as per above, move stop loss to just below low of touchback level.
- Target $2,300...continue moving stop loss higher along the way.
Easy peasy.
My prediction came true! let´s continue with the goal: BUY!My prediction has come true again! all that remains is for the price to go up to the marked point. It may make a small correction and it can be a good opportunity for purchases. We're starting to see that it can happen as in August, and reach a resistance of 1940.58, but that's already looking at a longer term, now let's focus on this.
Good Luck!