Gold Buy Idea After Bullish Trend PatternH4 - Price has broken above a strong resistance zone and is holding above it.
No signs of trend change.
Expecting the price to continue higher further.
H1 - Bullish trend pattern.
Currently it looks like a correction is happening.
Until the strong support zone holds my view remains bullish here.
GOLD-BUY
Gold Buy Idea At The Bottom Of The Daily ChannelD1 - Price is bouncing higher from a key support zone formed by the bottom of the daily channel and the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Multiple false breaks and bullish divergences.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to continue higher further after pullbacks.
XAUUSD TO 1777 CONFLUENCE COUNT
1. THREE WEEKLY CANDLE REJECTION AT PREVIOUS MONTHLY SUPPORT @1686
2. MARCH 15 WEEKLY CANDLE CLOSE ABOVE PREVIOUS MONTHLY RES @1733
3. MARCH 22 WEEKLY CANDLE FINDS NEW SUPPORT AT PREVIOUS MONTHLY RES OF @1733 NOW TURNED SUPPORT.
4. MARCH 29 CANDLE RETEST PREVIOUS MONTHLY SUPPORT OF @1686 ( MAJOR REJECTION )
5. APRIL 5 CANDLE OPENS BULLISH LOOKING FOR CONTINUATION AND FURTHER BREAKING PREVIOUS RES OF @1733
ALSO BULLISH PENANT FORMATION ON 1H TIMEFRAME
6. POTENTIAL RETEST OF MONTHLY RES @1777 WHICH IS ALSO A 50% FIB RETRACE ON OUR MONTHLY TIMEFRAME
7. BUY ENTRY POSITION @1733 .
TAKEPROFIT @1777
8. STOP LOSS SET @1725 DEPENDING ON RISK MANAGEMENT.
Buy NOW!📈 / XAUUSD💰Boom! This morning (Spanish time) I uploaded a chart indicating a buy point at 1707.00 marking a position closing point at 1772.00, and since then it has not stopped rising! US bond yields rise due to optimistic economic outlook and more supply, but let's not panic.
We will continue with open positions until 1772.00. which is where the MA marks.
Good luck investors!
GOLD BUY | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GOLD BUY | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
Support the idea with like and follow my profile TO SEE MORE
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GOLD - A long waited bottomWe have approached the point where Gold has entered a key demand area. This is likely to be the beginning of a next bull run towards the new all-time high. Tomorrow is NFP and it seems it will be much worse than expected. USD is struggling and it might be positive for the price of gold. Enjoy the rally!!!
Potential Gold Buys -Weekly and Daily Timeframes are still bearish
-4H timeframe recently flipped bullish
-Price came down and retested the previous resistance area creating a new higher low
-Retest at confluence zone at Fib 50-61.80%
-Potential buys on gold after we break the previous high (Above 1816.500)
-Best entry would be after breakout and retest at 1814-1816 area
-Possible TP would be 1840 (green line) which is also a monthly trend line
GOLD buy! Good Luck traders,catch the pipsHello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY GOOD LUCK! Great BUY opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
Support the idea with like and follow my profile TO SEE MORE
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GOLD ::: BULLISH22 FEB 2021
Gold CMP: 46550.
Buy for target 47771
with a stop loss of 46250
RISK DISCLOSURE
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XAUUSD ready for next impulseHi guys,
Here we have Gold finishing a falling wedge after trying to break the formation twice, one time to the down-side and another to the up-side. On both situations it ended up falling back inside the pattern. At the time of writing price is at 1855, level that served as support for price several times before. Now testing it as resistance. Now, if buyers doesn't show up i believe we could see another drop to the latest lower point, around 1775 and it would be probably a great place to buy since my overall opinion about gold is that its going up. If buyers do show up and we end up seeing a nice break and re-test we could enter a position aiming 1960 as first target and the last higher high of 2060.
What do you think? Leave a comment!
Hope you had a great start of the week and thanks for reading this far! Please, dont forget to like as sign of support for my work!
Time to Buy GOLD?Although most currency analysts expect a broad dollar decline during 2021, the short-term outlook for the greenback appears to be leaning to the upside, with recent price action suggesting a support base could be forming.
Further supporting the idea of an oversold U.S. Dollar is government trading data. According to data released on Friday by the Commodity Futures Trading Commission (CFTC) for the week to January 19, the next speculative short position on the dollar grew to its largest in ten years.
This opens the door to a potentially bullish short-covering rally up to the trend line.