i do believe xauusd will close above the weekly trendline this week. We have seen today that the usd pairs have weakened and i see gold playing catch up at some point either later today or tomorrow, seeing as it has lagged behind in the last few hours.
Weekly trend line testing , let see if it supoprts. Target is 1275
I just found this oportunit. As we can se price couldn't break support between 1248 - 1242 Last candle have long tail which is good signal for me. In my opinion gold will be going up in next few month, because of economic situation around the world. I decide to put 2 Tp, if TP1 will be reach then our SL should be moved on breakeven. TP1 R/r = 1:1.93 TP2 R/r =...
Gold formed a bullish flag pattern after Friday’s big rally, set for a continuation this week. On a weekly chart the week ended in a spinning top candle. A break above 1260/1262 area will confirm the break, also a 50% retracement level. With RSI also getting wedged in at level 50, we are set for a break. Price also in a tight range between 50 and 200 SMA. Entry on...
From the Elliott wave analysis point of view, on the hourly chart of XAUUSD, the price is starting the 3rd Elliott wave of a bullish cycle. Thus, I would recommend buying the instrument after the price correction to the latest fractal level.
Analysis is on the chart. I'm legit waiting for the dollar to die, and Gold will go up long term.
Possible Gold Long based on Fib , S&R Careful as we have a "Death Cross" on the daily chart.
Gold, like silver and all commodities in general, are in a secular bull market. They will remain so until there is enough action from the Federal Reserve central bank to arrest money creation and thus cause debt deflation. Since this has only happened twice in the Fed's history (early 1930's and 1980's) and with tremendous economic pain, it is extremely doubtful...
XAUUSD is hitting the lower limit of a strong Parallel Channel. I believe price could bounce. See targets in blue.
Still sideway on gold. Just took a buy on the middle BB H4. First target = 1302.54 Second target = 1308.10 Third Target = 1318.85
long can still be placed as there are still a big space to next big resistance, 3 rising valleys looks to be working well
Take a Sell Short to 1237.29
Pros Lateral on daily timeframe. Bullish on longterm. Cons Countrend on hourly timeframe. The strength of the dollar is bad for the commodities. Strategy The gold is on a lateral channel. Long at the bottom and short at the top. RSI divergences on hourly timeframe. The candle could be a hammer on the support zone. Close a half at the middle of...
Gold has finally broken up and out of the cloud, but I am looking for a drop to support to act a spring board to push further up. If we drop to support that is where I'll look to get long, targeting a major area of previous resistance. If support fails to hold or our bullish confirmations change to bearish, then this setup may become invalidated.
XAUUSD long. The exchange rate can start from a collection area with a dual ascending waveform. The first wave structure 0A target price is 1332 usd. Then I wait for correction to level 1324. Then, from this level, the BC wave, whose target price is 1357 usd.
Buy in: 1750 - 1900 satoshis Stop loss: 1300 satoshis Targets: (1) 2100 (2) 2800 (3) 3400 (4) 5000+
It appears that gold is near the end of a simple looking ABC correction, which is likely to end at around $1313. Or could extend to the previous low near $1300 and begin the rally from there. My long term target for gold is much higher, due to both technical and fundamental reasons, than the target for this particular trade. (So I may have a bullish bias) Buy:...