GOLD is in buy zone!!GOLD ( 4H ) has created strong bullish price action. The price has just broken out of weekly resistance and has formed a Doji ( Middle man ). There is another confluence for GOLD to rise is that the price has made a fake breakdown previously and created a double bottom and started the move in the direction of the trend, which is basically liquidity grabbing. A buying opportunity from the support shown in the image.
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Goldbuy
XAUUSD H1: Bullish outlook seen, further upside above 1766.80On the H1 time frame, a pullback to the support zone at 1766.80, in line with the Fibonacci confluence levels presents an opportunity to play the bounce to the resistance target at 1793.00. This resistance target coincides with the daily resistance level. Prices are also holding above the Ichimoku cloud indicator, supporting the bullish bias.
GOLD is preparing for another rise?GOLD ( 4H ), has formed possible bullish price action. On the monthly and weekly close, we could see a test of previous support as resistance as the dollar gets weaker, GOLD may strengthen for the short term. Based on opening price action, there could be a bullish opportunity on gold!
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Gold Potential Buy Multiple failed lows from resistance on the 1H with a break in momentum, I do have a bullish intraday Bias on Gold, I want to see another rejection from demand (The buy zone) that broke momentum then i'll look to take this long back up-to previous hourly highs/supply
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Retracement From SupplyGold - I want to see a push into previous supply mitigating the imbalance before a retracing down towards the buy zone/weekly low
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
GOLD Scalp buy!Hi Team
This is a quick one - don't miss out!
Within a corrective ABC channel, we have good confirming rejection. With FED coming up, I expect this to be a retracement before a significant drop following the expected USD rate hike.
I am going to take this buy with SL below the structure, looking for closure in the sell region marked in red.
I will post a short closer to that time.
Like what I do? Like, comment, share - I appreciate you!
Good luck, trade safe.
DrBear
Fri 22nd Jul 2022 XAU/USD (Gold) Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAUD/USD (Gold) Buy. Enjoy the day all. Cheers. Jim
GOLD-BUY++We are in a DARK MOON phase, plus low stochastic which is positive, and a oversold market.
Further, we are near GANN support of the 1/1 line, and this suggest pull-back. Running a quick scan on potential turn date, it comes out to be Monday, and it feels we may test $ 1,760 by then en route 1,825. I suggest profit taking 1,790 for now.
GOLD-BUY strategyNo change in view.
We held the 1,704 very well, and now the current support is 1,695 GANN.
We are positive stochastic and RSI still oversold. We will be having a DAR moon phase starting today, and this also supports the view for recovery back to 1,785 at a minimum and likely 1,825.
Strategy BUY weakness 1,710-1,730 and take profit 1,790 for now.
GOLD-BUY++We are in buying mode for Gold.
The current oversold state and the fact we are near a GANN support, suggests we should see recovery towards 1,802 short-term.
Strategy BUY @ 1,720-1,730 and take profit near 1,778 first objective > 1,802 second.
Today's inflation report may help us decide, but the overall trend change date is 17-18 July and during that recovery time we should see even higher beyond 1,825
GOLD-BUY strategyGold is starting to be oversold.
The CCI is positive daily chart whilst 4-hourly still has some pressures to show downward, but not much. The RSI is quite oversold status, and we are near GANN support $ 1,704. Judging the pattern and also the state of the market, and in fact an inverse believe that Gold is an inflation hedge, we are completely on the wrong track here.
Strategy is therefore, BUY current $ 1,720-1,7445 range and take profit around $ 1,785-1,800. Our cloud resistance is $ 1,835.
The estimated change of trend date is 18th July 2022.
XAUUSD - GOLD BUY/ LONGGOLD #XAUUSD, was following a downward trend. However, it seems to have changing its trend now, but anyhow, gold will move downwards for retracement to its lows. but for now we just have to catch the small move (as shown) to secure some pips and wait for the price to either break upwards or downwards. Higher chances are that #gold will continue its down trend which will be the retracement to test its lows. Best of luck to you guys