XAUUSD have chance to long term BULLISH# Disclaimer on, just sharing not advise to buy or sell
I open the chart in very high timeframe which is you can see above in 3 Month. So as you can see long term investment in Gold actually in Bullish Trend although a few times before actually GOLD move in ranging price between 1650 until 2000. But, in the ranging market I believe that the continuation of the market it can be either bullish or bearish after that. Then I have to looking for higher timeframe to see the helicopter view of the market. As you see above the price make a cup handle patterm which is the continuation to become Bull market. Target price of GOLD that I believed is around 3400 $/oz.
Goldbuy
AW Gold Analysis - Potentially Huge Rally Chart...Gold is due for its next move higher according to the waves.
This is purely my opinion, take it with a grain of salt.
When Wave 1 is the shortest the Wave 3 and 5 tend to be similar in length which gives us an 8K target.
If you want proof of that then just look at the Wave 3 sub-divisions.
You can see an example of this quite clearly.
This is part of a larger expanding Wave B that is only just in Wave (A) which is the first move in a zig-zag pattern.
These patterns occur in bullish and bearish markets, its all about identifying that for future trading purposes.
If you don't know when to get out then you probably shouldn't get in.
That saying may not be as true for gold seeing as though it's real money and isn't part of the ponza debt system.
However, this may be a good tip of you are trading on margin or simply want to cash out for profit taking purposes.
See the related video idea for this chart linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
GOLD is about to breakout!Currency Pair : GOLD
Possible direction : Bullish
Technical Analysis : GOLD bulls has primarily first has broken resistance and then again has broken the support to grab strong liquidity grab. Finally price again created strong uptrend with multiple liquidity grab. As the price has strong momentum, it is highly likely price will continue to rise to at least psychological level @Adrien1899
Fundamental : CPI release is fueling the price the bulls!
Possible trade recommendation : Bullish
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Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Gold Top down analysis, what can we expect? Hey guys, im loving this video recording feature on Tradingview so far, much easier to explain ideas!
So i've done a top down analysis here, from the weekly down to trades im potentially looking to trade tomorrow and what we can potentially expect with CPI tomorrow!
Let me know your thoughts in the comments, thanks guys!
Gold - First Video... Waiting....Gold - PA a little choppy, still looking for buys overall, there was a nice entry there from the demand mitigation a few hours ago on the engulfing. (I was sleeping though) but marked it for reference, Im waiting to see what price does at the HOD, if we make structure above 1875.300 i'll look to buy towards the weekly S/R, I wont be looking for any longer term sells until we break back below 1865.000, lets see what London open brings!
Let me know your thoughts!
GOLD short term buy opportunity!!Currency Pair : GOLD
Possible direction : Bullish
Technical Analysis : Price has broken out of daily resistance and showing strong bullish momentum after opening with a gap up on daily and 4h. In 15 minutes timeframe we can price has broken out of consolidation and started up trend. On the retest of previous resistance turn support, a buy trade is high probable.
Fundamental : Weaker NON farm employment data weaken USD
Possible trade recommendation : short term bullish as per sketch
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Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Gold Short-Term BuyExpecting Gold to go into a buy on the hourly chart if price 1870.00 is broken. The price has acted as a strong resistance point after Friday's rise due to USD employment rate data release. If the pairing does go into a buy I am expecting retracement at price 1878.00 , then to continue onward to resistance. I have based my analysis on the last time Gold saw current price points in May 2022.
Buy Entry: 1870.00
Targets: 1872.50 | 1874.50 | 1877.00 | 1881.00 | 1883.00 | 1885.50
Resistance: 1888.50
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20 Reason for buy GOLD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super bullish
2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now
3 📅Weekly: formed an inducement right now market in their sideways phase
4 🕛Daily: A clean bull trend with the proper formation and previous supports
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: elite correction wave
7: 3 Volume: bullish control
8: 4 Momentum UNCONVENTIONAL Rsi: sideways, yet we just need close above 60; then next move will confirm
9: 5 Volatility measure Bollinger bands: middle band support on the bullish side
10: 6 Strength ADX: bull are in strength
11: 7 Sentiment ROC: gold is stronger then USD
✔️ Entry Time Frame: h4
12: Entry TF Structure: bullish
13: entry move: impulse
14: Support resistance base: 2 times supported at daily OB
15: FIB: trigger event occurred
☑️ final comments: FVG filled out so we can buy now
16: 💡decision: buy
17: 🚀Entry:1852/1838
18: ✋Stop losel: 1732
19: 🎯Take profit:1900
20: 😊Risk to reward Ratio: 1:7
🕛 Excepted Duration : 2 week months
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD is set for another rise!GOLD has formed very strong bullish price action on the lower time as well as on the higher timeframe. After back to daily bullish engulfer, price has broken out of the local channel with a gap opening on the 4h timeframe. As long term trend is bullish, highly likely GOLD will continue to rise to complete 61.8% fib level at 1893.00, Upon closing of this current candle as bullish engulfer, we may open a buy position to take this move to the upside.
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XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Waiting...Gold - ideally want to see a retest of the 1835.000 zone before looking-for continuations, if price keeps pushing with confirmation from current level i may take straight buys (If that happens i'll use lower risk, will update accordingly)
Could be sell opportunities if the highs fail here but im not really interested in sells while bulls looking this good! Lets see what happens, either way get your 1835.000 zone alarm on and wait for the reaction!
Let me know your thoughts!
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Waiting...Gold - Pretty simple stuff today, trading with order flow, Daily down, 1H down, 4H down, 15m down.. Waiting for a pullback into current supply, the 15M H&S to complete and ill be pulling the trigger!
If current supply fails i'll be looking for short term buys up to to 1805.740 zone.
Let me know your thoughts!