XAUUSD GOLD Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
BEARISH CHANNEL in Long Time Frame #LTF - H4 & Rejecting from the Lower Trend Line #LTL
BREAK OF STRUCTURE " BOS " and Retest at Fibonacci Level - 23.60%
IMPULSE CORRECTION - Making its " C " Corrective after Impulsive waves
Buying Divergence #RSI
Gold-trading
XAUUSD Next Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - Daily
According to the Long Time Frame #LTF we have BEARISH CHANNEL in Pattern
Elliot waves " 12345 " forming up it has completed " 4th " Impulsive wave and Heading Downwards to complete " 5th " wave
1640 is a Strong Level if it reject then it will Follow Buy Trend
XAUUSD GOLD Next Move 31 AugustTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H4
According to Daily Time Frame ( Long Term - #LTF ) we have ELLIOT WAVES
It has completed Impulsive waves and making Corrective wave " B "
It is currently standing at the Fibonacci Level - 23.80% If it breaks this Level then it will Follow Sell Trend
1708 - 13 is a Good Daily Support Level we need to wait until it Breaks or Reject this Level
XAU/USD - GOLD Next Move 30 - AugXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Pattern in Long Time Frame #LTF we have BEARISH CHANNEL
In short time Frame #STF we have Bullish Channel and Rejection from the Lower Trend Line #LTL
It has completed its IMPULSIVE WAVES in #STF and now its making its Corrective Waves
It has also completed the Retest of Break Of Structure #BOS and Started following Bullish Trend with Strong Bullish Price Action
XAU/USD Gold Next MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Long Time Frame #LTL we have Falling Wedge Pattern and it has Rejected the Bearish Trend from the Lower Trend Line #LTL
If we look in Shorter Time Frame #STF we have 2 Strong Levels for Sell ( 1745 - 1753 ) if it rejects from these Levels then we can Enter in Sell
Another Thing we have is Strong Buying Divergence in #RSI
1753 is a good Level according to Daily Time Frame and Fibonacci Level - 78.60 as well
XAU / USD Gold New Week MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H4
According to the Long Time Frame #LTF - Daily it is following the BEARISH CHANNEL Pattern and its about to Reach the Upper Trend Line #UTL
It is also Following ELLIOT WAVES and it has completed its Impulsive wave " 12345 " and now its making its " B " Corrective wave and it can reach 1712 till the Fibonacci Level - 23.60%
In Short Time Frame its Following the IMPULSIVE WAVES now its making Correction " XYZ " then it will again Follow IMPULSIVE WAVES ( Bullish )
Its possible it can reach the Resistance Level ( 1714 - 1723 ) then Reject
Long Term Buy after the Breakout if the Upper Trend Line #UTL and Retest
Gold update, sell limit triggereed, riding pain tradeGold has been triggered. This is part of a running series of short videos from Asia open today that you can go back and track the analysis and motives for the entry...
US dollar is a little sleepy but broadly bid so hence shorting gold on a scalp.
XAUUSD - Gold Next Possible MovementXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H1
Lets First Look at the Pattern in Short Time Frame #STF - H1 we have Bearish Channel and the Gold is Following Strongly the Upper Trend Line #UTL and it has breakout it and making its Retracement
Another Thing we have it was following the Lower Low and Lower High #LL-LH Pattern and it has rejected this Trend with the Strong Bullish Price Action
After Retest it will again Follow #BUY TREND
XAU/USD * Gold Next Possible MovementXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to Pattern in Long Time Frame #LTF it is Following Falling Wedge and Completed its Retest
In Short Time Frame #STF it is Following Bearish Trend Line very Strongly so its possible that it can Go till Upper Trend Line #UTL and if it breaks abd retest then its Again buy
It is Currently at Demand Zone and Rejecting from Fibonacci Level - 38.20%
It has Completed its Impulsion and it making its " C " corrective way in Long Time Frame #LTF - Daily
In Long Time Frame #LTF we have Buying Divergence #RSI as well
XAUUSD - Gold Next Possible MoveXAU/USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - M30
According to Elliot Waves Theory it has completed its " 4th " Impulsive wave and it will complete its "5th" wave at the Lower Trend Line #LTL and #Support Level - 1839 if it breaks this level then from 1822
According to Pattern it is Following #Falling_Wedge we need strong Rejection from Lower Trend Line #LTL to enter in #Buy
XAUUSD - Gold Technical Analysis Chart XAU/USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - M45
According to the Pattern in Short Time Frame #STF ( #Bullish Channel ) it failed to Break the Strong Resistance Level #1798-9
According to Elliot waves it has completed the Impulsive #12345 waves and its now Following Corrective wave #ABCDE it will follow Sell Trend to complete its " E " wave
If it Breaks the Lower Trend Line #LTL and Retest it will follow More Sell
XAUUSD GOLD Next Possible MovementXAU/USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - M30
Market is Currently Following Elliot Waves in Short Time Frame - STF & Long Time Frame LTF as well
In Long Time Frame it has Completed its 5th Wave now it head towards '' A '' corrective wave
In short Time Frame it has completed '' B '' Corrective wave and now it will follow Sell Trend to Complete its '' c '' Wave
According to Pattern it has completed its Retest we need Strong Rejection for Sell
XAUUSD GOLD Next Possible Movement XAU/USD - GOLD/U.S Dollar Technical Analysis Chart Update
Time Frame - M30
According to Pattern - Rising Wedge it is Rejecting from the Upper Trend Line - UTL
According to Pattern - Bullish Channel it has Breakout and Retested the Lower Trend Line
According to Pattern - Falling Wedge if it breaks the Upper Trend Line - UTL and Retest then we can enter in short term buy till Fibonacci Level - 61.80/78.60%
Its possible that it will Fall from the Strong Level 1794-6
We need strong Bearish Rejection
XAUUSD GOLD NEW WEEK FORECAST XAUUSD GOLD TECHNICAL ANALYSIS CHART UPDATE
According to the LTF - Long Time Frame it is Bearish Channel PATTERN and following Bullish Waves after retest
In STF - Short Time Frame it is in Bullish Channel pattern and can follow buy trend till Fibonacci Level 78.60 / 61.80 %
If it breaks the Lower Trend Line then its Sell
Living on the EdgeGold futures are up against significant resistance, which is also in line with the psychologically significant $1800 level. A break and close above this level could help spur another leg hihger, with the next resistance coming in from 1841.40-1852.80. On the flipside, a failure could send prices back near $1750. Keep a close eye on the USD and geopolitical tensions as these could be the catalyst to spur the next technical move.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
📉DXY 07/29/2022: still falling❗️📉 Priority direction: Down .
📝 Description: The dollar index continues to be inside the downtrend channel and is moving towards the support area at 105. The instrument is expected to reach this support in the near future. The most conservative approach would be to consider selling at 106 if the price gets there.
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