Goldbuy
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.
GOLD to the MOON --- WHY 30.000 $ / Oz- Why is Bitcoin the only one being talked about?
- Why is Bitcoin only analyzed in a Logarithmic Chart?
- Hasn't GOLD demonstrated for years its GREAT power?
Here we will review the strength and importance that Gold will have for the next 10 years at least.
Welcome to the Logarithmic Gold Chart
Good Luck. !
Not all scenario is bearish on GoldHi, Gold also has bullish scenario in play, i will watch this pullback closely to see which scenario plays out or if we have another lower low (which is my primary after pullback), then this bullish scenario could be invalidated.
Am not gonna force my analysis but gonna adapt based on what market gives me.
trade well,
Alex
XAUUSD 1H View Hello
Hope you had a blue day as we did with our analysis and signals,
Nothing much to say today we keep our view as the same as yesterday with the 4H chart , Gold has swung with the highlighted areas and done them perfectly. and it's on his way to test the Daily trend line .
OANDA:XAUUSD
Buy Targets 1836 / 1846
Sell Targets 1822 / 1815 / 1811 / 1806
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Forexens
Potential Cup & Handle In DemandGold - Potential Cup and Handle Forming in HTF Demand, momentum has broken but still no real BOS/confirmation for reversals, if current supply holds ill be looking for sells if demand holds i'll be looking for buys, waiting for confirmations.
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.
XAU - 1H - BUYGolden Delta Fibonacci and AB = CD and two heads and shoulders on the Support. And that the price has created a great balance by returning itself from the 1850 range, which should also be taken into account.
Considering the news of World War and US interest rates, it can have a good trading position for us.
However, the Golden Delta itself is a great trading position and we can see a lot of reactions to the 618 so far. I hope you are always profitable.
Golden Dragon