Goldbuy
💡 GOLD💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
GOLD - bottom of support.The gold is already at the very bottom of support. Stop loss is better to keep $5-6 under the zone and do not expand. If it breaks $1705, we are likely to test $1643.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Gold- Xauusd Setup still bearish Gold is playing games and no possible directions so what i am expecting is that go long above 1864 because price always supported that area and look for targets as 1889 or higher . also in bearish case look for shorts below 1862 which acted as resistance for target 1850 or lower also look for shorts below 1889 for target 1872 and longs above 1892 for target 1902
My view on GoldNice clean channel, if it follows it we can see a nice swing setup in the coming weeks.
My Gold-Xauusd Setup IVWe are in red zone which is bullish zone target of given zone is 1768 but it has strong potential to hit 1772 again if that breaks we can see gold heading towards 1855 very easily . if we manage to reject and goes back to yellow zone target for that case would be 1733 if breaks next is 1717 and last 1682. just my intrday setup good luck.
GOLD To The Moon! Will the Prices of Gold Rise to $2500/ounce?Throughout history, gold has been seen as a special and valuable commodity. There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Gold cannot be manufactured like a company issues new shares or a federal bank prints money. It must be dug up from the ground and processed.
Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty.
However, before you decide that you need to buy gold immediately, it’s a good idea to take a step back. Gold is an asset like any other - it can rise or fall due to sentiment.
Should You Buy Gold Now? In order to answer this question, let's take a look at the Gold chart using technical analysis.
Elliott Wave Analysis + Supply & Demand
The XAUUSD "Gold" monthly chart above shows that the rally from the 2015 low of $1049/oz has been unfolding as a five-wave impulse pattern. This pattern is labeled 1-2-3-4-5 and the sub-waves of wave 3 are visible from the weekly chart below.
The market is currently trading in wave 4 correction which is about to complete, the price is expected to resumes higher in wave 5 to complete the impulse sequence once wave 4 bottom.
As you can see from the previous fourth waves correction in black and pink, the market resumed higher rapidly in the fifth waves when they completed. This is the kind of scenario that's expected to happen once wave 4 in blue is complete.
Confluence
Confluence occurs when several technical analysis methods give the same trade signal. An area in the market where two or more structures come together to form a high-probability buy/sell zone.
In the Gold charts above, we have a confluence of indicators creating a strong demand area consisting of:
An Ascending Trendline
Supply & Demand Imbalance Zone
20 Months Moving Average as dynamic support
Correction Parallel Channel Support
38.2% Fibonacci retracement of wave 3 advance.
The confluence of technical indicators suggests that Gold will most likely bottom within the confluence zone indicated on the chart and start the anticipated advance soon.
Breaking Down Correction On The Daily Time
The daily chart above shows that Gold decline from its August 2020 high has been unfolding as a double zigzag pattern, labeled (w)-(x)-(y). Correction is usually enclosed within a parallel channel and when it completes the market will resume in the direction of the impulse.
Gold Wave 4 correction will most likely reverse within the blue zone, most especially within 61.8% - 78.6% area.
Entry Confirmation & Targets Zone:
The breach of the $1814.78/oz key level will confirm that XAUUSD has bottomed and the price is now heading higher in wave 5. If this count is correct targets within $2300 and $2500 per ounce are plausible in the months ahead.
Check out my Gold 2019 Elliott Wave Analysis that send its price 30% higher.
What's your thought on Gold? Can the price rise to $2500/oz? Let me know in the comment.
Thanks for reading!
Veejahbee.
Gold New Long Entry To Catch More Than 600 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
My Gold-Xauusd Setupi will go short either at 1812 or 1818 but it has potential to hit 1822-1838 extension 1840 before dropping to my main target 1690
GOLD AT A MAJOR DISCOUNTToo much attention into BITCOIN causing GOLD to sell off imo. GOLD will head much higher soon. I would buy again if it does dip, but 1769 was probably the bottom. The dollar will be at sub 89 soon enough, and it has not been around that level in 3 years. I predict bonds will fall as well. Everyone will be chasing gold sometime this year. GL all.
My Gold-Xauusd Setup IIIwe might see bull before massive drop i am expecting price to touch 50% Level which is at 1840-1853 if we go below the trendline 1762 support next target is 1740-1732 if we break 1690 is open. in bull case i will look for long above 1817 for target 1836 and above if weekly candle close above 1716
GOLD buy! Good Luck traders,catch the pipsHello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY GOOD LUCK! Great BUY opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
gold buy (short)i hope my analysis and forecast of the gold price trend next week is correct.after the price reaches the goal .i subsequently draw the next goals.
XAU/USD 4H Buy ideaXAU/USD has been rejected from the support line twice on the 4H chart. My target will be 1875, in the consolidation zone, and i will be looking on from there. Good luck with your trades!
