Outlook for Gold: Pullback presents an opportunity to buyHi everyone! Our call on gold last week is playing out nicely. For this week, we maintain a bullish bias on Gold, with prices holding above a key weekly and daily support area at 1763.14 - 1768.80, which lines up with the 78.6% and -27.2% retracement. A pullback to test this support zone presents an opportunity to play the bounce. Keeping in mind the views on the weekly time frame echo a bullish bias, a break above our H1 resistance could at 1794.50 could see more upside in gold prices, with 1820.20 as our next resistance target.
Goldbuy
Gold long in progress 🤘Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
18 June: Gold bounce is comingHi everyone, gold prices could see a pullback to test our entry in line with the 61.8% retracement before a bounce. Our stop loss is placed slightly below the previous spike with partial take profits along the way. The final take profit is at the 61.8% retracement from the daily time frame.
XAUUSD dump coming to an end??Analysis done on the weekly timeframe and is therefore a longer-term analysis. I may post a short-term analysis later so follow me to make sure you see that.
FOMC impacted lots of pairs last week, making gold drop around 1000 pips which is mental. A lot of my setups were invalidated due to fundamentals so i'll be posting new and updated setups this week.
As for gold, this is what i see. There are 2 trendlines forming a wedge pattern, which suggests a breakthrough soon. I also have 3 S&D zones marked out, ideally price will bounce up from the top zone, but there's a chance for price to spike down to the trendline. If price comes down to the bottom 2 zones then the bottom trendline will be invalidated, but not my long-term bullish bias.
Since price dropped due to fundamentals, it may have a correction.
I'll be looking for confirmation to enter some longs on low lotsizes.
Remember to follow to see the short-term analysis and any updates.
GOLD : BULLISH FORMGreeting from IRAN to whole trading community 💙
Straight to the point 🔥
GOLD was moving through a descending channel since AUG 2020 when it could reach higher than 2000$
After that rising in price , gold continuously was making lower highs and lower lows until price has reached the bottom of the channel and by making a double bottom pattern price has started an uprising
GOLD has achieved to breakout its descending channel and made a smooth pullback to broken level
If price could maintain higher than 1900$ (Major lvl) higher targets would be available
KEEP IT SIMPLE :)
[GOLD_3 W3 JUNE 2021]GOLD
Long Setup
👉🏻 My personal level to go long was indeed on 1760-1780 level, after witnessing yesterday's FOMC statement. What wasn't expected was for it to happen so quickly. I do not see the dollar has long term gains over the period.
💎 Dollar Cost Average will be done over levels 1780 and 1760. Anything below 1750 will be analysed further in the future. I think 1760-1780 level is a very favourable are to go long from.
❗️Not signal/financial advice. This is just my personal trade ideas. Members will be provided with specific signals in the near future.
Gold Set To Resume Higher in Wave (v)Gold rose higher sharply during the last NFP and the advance can be seen as an impulse in wave i of (v).
Price has been correcting the advance and the correction has retraced about 61.8% and is taking the shape of the zigzag pattern in wave ii.
I'm looking for the breakout of the corrective channel to position in a buy trade in Gold.
What's your view on Gold?
Who else is in gold longs? 📈🙌We all love a gold trade.
Our script working on a 30M strategy says it's time for a long.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
Gold Getttng Stronger
You cannot eat Gold, you cannot drink Gold, but you can buy Gold, you can wear gold, you can show off gold, and give to your kids when u die, that's why Gold is here...
i just like to post about Gold Market sometimes because it's slow and boring, normaly when economy goes down, Gold goes up. We are in that perfect case of "Safe Heaven".
Trading parts is interesting :
- So as you can see Gold Reached 2100ish got rejected and pushed back down around 1700ish
- Gold TA is different than cryptos cuz of old market and some Pro Traders instutionals playing with big money, the pull back was exactly 38.2 Fibo Retracement ( or 61.8 it's same ).
- Gold is cloturing May with a strong green candle.
- Next Month Candle will be very interesting to look at, if we get one more month of Green it could confirm a strong bullish market and eventually a break down in Economy.
- if the timeline is respected we could see Gold Reach 2300-2500$ before the end of 2022.
i will post some older Gold Analyses following this chart. Feel free to comment!
Happy Tr4Ding !
GOLD to 1960 soon ????Gold is still holding a very strong bullish structure . creating higher highs lower lows.
A break and retest of the last resistance would be good to buy with larget 1960.
First week of june can be a retracement to grab liquidity and after to form another monthly bullish candel with wick in downside.
If trend is bullish i will look only for buy opportunities , trend is your friend
[GLD W1 Jun 2021]GOLD
Long Setup
Continuation trade:
👉🏻 As mentioned in my very first post here on this very bull run, price is just making series of HH and HL. We are in the middle of a Wave-3 here, which is endlessly impulsive. 2.618% level has been broken, next target is of course 3.618% with a resistance in play also at the very same level of $1965.
🤤 Members have entered last week with a very good entry, running around 0.5R now. Entry was well below 1900 ;)
Trendline was broken-Bullish scenario GOLD
The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull
.50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side
trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the bull. The upper side target
would be 1960.00 and the extended target was 2074.00 which is ATH. 1960.00 was this year high.
GOLD FUTURES (MCX) :: BULLISHDATE: 23/5/2021
INSTRUMENT: GOLD MCX
TREND: BUY
TIME FRAME: DAY
CMP: 48404
BUY ABOVE: 48875
STOP LOSS: 48117
TGT 01: 49699
TGT 02: 49973
TGT 03: 50319
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.