Gold has been moving very nicely this year. First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements. Then it shot up, formed a W Formation and then just rallied up with a high inclination. I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236....
Harmony is one of the laggards with Gold. While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout. Once it breaks above, we will definitely get long and hold with a strong Risk to Reward. But right now patience is important, cause it could also fall South quickly. In fact, if you draw a Rectangle formation instead of...
Gold is bullish, from mostly the FED’s dovish stance and inflation reports from the week before last. We opened up this week around 2001 and had some large volume for Asian sessions pushing the price to 2018 before buyers took some profit. When writing this, the price is challenging the 2010 key level. We have a lot of news this week, and keep in mind we are...
Falling Wedge has formed on Gold since April 2023. This has been a turn for the good. We've seen the price breakout and now we can expect the demand to continue. 7=21>200 - Bullish RSI >50 (Buy divergence with the level breaking the downtrend. Target $2,081 This will reflect on gold companies too which we can be bullish on. Happy to go long here.
In our last monthly chart update (linked below) we showed you the larger structure and the levels to look for. We mentioned that breaking above the 1835 will result in the price going to test the higher resistance levels and potentially the top of the trend. This level here is the last resistance level for bears to defend if this is to go anywhere below the 1835...
Gold setting up a beautiful Bull Pennant on the week chart. With Volatility increasing thanks to the tapering of QE, a flight to gold is a natural reaction. A break and hold above $1 860 could result in a first price target back to local highs of $2 000. I am bullish on Gold for the medium term. Boom, TheRaggy
After FOMC decision and subsequent fall of gold XAUUSD has been in neutral trend for more than a week now. This is well visible on 1-hour time frame and simultaneously reflected in low ADX value. On 1-day time frame RSI reversed from oversold area and gained bullish direction. MACD slowly loses momentum but Stochastics remains bearish. ADX value remains high and...
GOLD Buy 1873 SL 1865 TP1 1881.62 TP2 1889.74 TP3 1898 TP4 1907.85
Golds strong run doesn't look like ending anytime soon. Expecting for XAUUSD's next leg up to play out shortly. Once the resistance between $1,965 and $1,973 has passed a push is likely to test the $2,000 zone. Go long.
Gold made all time high in 2011 after 2007 financial crisis. How just one trend line predicted current bull mark with two buying opportunities. Trend lines are the most popular technical analysis strategy among trader and investor. Since investor invest for long term, weekly chart is their favorite where all investor's consensus see clear about price
This is still a good buying opportunity for gold. We’re in the beginning stages of the bull market soon to make new all time highs before years end. Healthy consolidation happening around 786 fib level, once through Gold will hit $2-2.5k easily by the end of year. Gold bull market just beginning with unlimited fed liquidity injections. Physical gold is the best to...
Hello friends, To begin with, Gold is clearly in the uptrend on monthly, weekly and daily timeframes. Therefore shorts work with smaller probability. Just keep that in mind. The asset is near a very important level of 1800 and the area around it, so some accumulation before a breakout attempt is expected. We are currently trading in a range , which is crossed...
1-Hour: Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up. 1-Day: This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a...
Buy at the low end of the range and take some profits at the top end of the range. The gold bull should be a core position and if you want you can trade around that core position like me.
1-Day: The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji. 1-Hour: Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next...