Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1944.192. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1980.049 level. P.S The term oversold refers...
SAXO:XAUUSD Hello traders, Today, I'm actively pursuing a long position with the intention of riding the market up to the 1930 level. This trade aligns well with moving from one key zone to another. Specifically, I've identified a substantial support/resistance area at 1922/1923, making this a critical reference point for my strategy. My stop loss will be...
Gold has reversed and is current in a bullish trend, however we are reaching areas where we have seen strong areas of rejection AKA ranges where gold tends to get stuck within Due to this I'd be cautious with swing trades, but I am very much so looking for trades on the lower timeframs
Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1914.21. Considering the today's price action, probabilities will be high to see a movement to 1944.98. P.S We determine oversold/overbought condition with RSI...
SAXO:XAUUSD Hello traders, I am currently focused on actively seeking buy positions for XAU/USD (gold) during the New York session. I have placed a Buy limit order at 1912 as an entry point. My trading plan involves aiming for a potential move from the 1912 area up to around 1923. Remember that trading involves risks, and it's essential to keep a close watch...
SAXO:XAUUSD Hello traders, Currently, I am actively seeking buy positions on XAU/USD (gold) for the New York session. The market is currently displaying strong bullish momentum, possibly influenced by a weak dollar. However, it's important to be cautious and mindful of news events that might occur during the New York session, as these events can lead to...
Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1889.57. Considering the today's price action, probabilities will be high to see a movement to 1920.02. P.S We determine oversold/overbought condition with RSI...
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1931.281 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1893.75. Taking into consideration the structure & trend analysis, I believe that the market will reach 1920.72 level soon. P.S Please, note that an...
XAU/USD has been falling in a downtrend in a falling wedge pattern just as I predicted in my pervious analysis but will soon reach a horizontal key level of 1896 so we will be expecting a bullish rebound and a further move up.
Hello,Friends! GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1938.411...
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1914.50. Taking into consideration the structure & trend analysis, I believe that the market will reach 1960.53 level soon. P.S Please, note that an...
Hello,Friends! The BB lower band is nearby so GOLD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1942.134. ✅LIKE AND COMMENT MY IDEAS✅
My dear friends , My technical analysis for GOLD is below: The market is trading on 1915.11 pivot level. Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1930.98 Safe Stop Loss - 1906.85 About Used Indicators: Super-trend indicator is...
Here is our detailed technical review for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1925.98. Considering the today's price action, probabilities will be high to see a movement to 1941.33. P.S The term oversold refers to a condition where an asset...
Hello,Friends! GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1969.436...
Looking at the 1 hour time frame, we are right at a support level. Sells were taken all day today, 3 in total, 2 being in profit with 1 in breakeven. Bias remains somewhat bearish however we must pay attention to what price can do at these levels of interest where price in the past has been finding it challenging to get through. short term bias is bullish, long...
Here is our detailed technical review for GOLD. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1935.00. Considering the today's price action, probabilities will be high to see a movement to 1962.09. P.S The term oversold refers to a condition where an asset...