Goldbuy
GOLD BULLISH BIASIn the previous week, gold attempted to drop towards the support but could not close below it and ended up forming a reversal pattern.
The reversal is not only confirmed by the double bottom, but also the bullish divergence on indicators.
Look for buys at the current level (1830) with targets at 1868,1890 and 1920.
GOLD (XAUUSD) BUY TRADE - UPDATEHi Traders,
This setup got triggered yesterday and went straight into profits.
Keep monitoring as we have NFP today and will come with a lot of volatility.
If it does show signs of going down, then protect your profits or at least make sure you place Stop Loss at breakeven to protect your equity.
Trade smart & Good Luck!
8th June 2022: XAUUSD Prediction to $19007th June 2022, Kuala Lumpur - From the table of the analysis and database of Kayateruk Group, we are seeing a projection that coming and detecting some of the new trend to accumulate gold position.
In the rebound and rising gold today due to weakening in dollar and yield for the overbought territory, we confirmed that the next target for gold is to landed into its 'sweet spot' trajectory which is $1,9000.
When the gold has established some of their move towards its position and conquered the base, the gold is set to checkmate the floor of $1,900 and will lead to new territory home of $2,000.
The pattern of cup pattern will be established but be careful for the broadening wedges pattern that developed around the corned.
After the gold has touched the $1,900, we predicted the gold will drop down for its retracement on 1,870 and 1,880 before waiting for the next wave to be established at those moment.
We are bullish on gold more than ever by buying more gold whiles its cheap under $2,000 price.
The next new era will begun on $2,000 price and now bull are buying more gold while in its intrinsic cheap value.
Lots of gold in the shop at Malaysia finished much more faster than before.
The demand will keep on rising with gold on this inflation running high.
KAYATERUK GROUP INTERNATIONAL
XAUUSD, with the Gramaphone pattern on NFP dayIt has got a strong support zone on 1866 , it may spend some time before going up wildly as price action suggest, else if it goes down on before US session, price will go down till 1856 max,
and after news release in the US session price expected to go up atleast 1904,
all the above analysis by technical analysis , if the price broken at 1853 , it will shows bearish strength till 1790 , how the price reacts before US session also taken into consideration
Analysis only for education purpose
Bullish outlook on XAUUSD: 24 May 2022Prices are holding above a key support level on the monthly time frame, and we are seeing bullish order flow on the H2 time frame with prices forming higher highs. A throwback to the support area at 1830.80, in line with the 50% Fibonacci retracement and 1.272% fibonacci extension could provide an opportunity to play the bounce with 1917.80 as the resistance target. Prices are holding above the Ichimoku cloud and its 50 MA as well, supporting the bullish bias.
GOLD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Outlook on XAUUSD: Bullish play seen On the weekly time frame, prices are testing a key support level at 1842, where we could see further upside. On the H2 time frame, prices broke above the descending trend line, suggesting a shift from a bearish to bullish order flow. A throwback to its support area at 1824.80, in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci retracement presents an opportunity to play the bounce, with 1888.80 as the resistance target. Prices are holding above the 20 EMA as well, in line with our bullish bias.