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Goldbuy

Gold getting ready for the next rally#XAUUSD: (1D): We still have a strong bullish trend in place. Recently we saw the break and retest of the continuation pattern here above. Given these technicals and the overall fundamental uncertainty across the globe, my bullish bias remains unchanged. (4H): A better view of bulls gaining strenght is given by the ascending channel formed on the 4H, with price currently at the lower border, preparing the next rally. (1H): This is confirmed on the lower timeframe, as we can notice that buyers are making higher highs but sellers are not able to push the price, making equal highs. What we want to see, is a break and retest of the ascending channel. This would give us a nice buy signal
OANDA:XAUUSDLong
by Wikiwicks
GOLD - DAY TRADE VIEWGOLD - As per the price action, trend lines , & technical indicators gold is expected to go up from the current price. My approach will be a buy here at current price 1896 Maintain stop loss around 1882 Potential downside target 1906 - 1911 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
OANDA:XAUUSDLong
by Professor_GS
2
Gold 100 pips Buy Breakdown 1890-1900Gold had formed a clear support during London Session on the 30m and 1h timeframes. We had strong bullish momentum so my bias was bullish in the short term. I then switched down to the 15m timeframe to look for a good entry to minimise drawdown. When a bullish 15m candle closed starting from support, I waited for the next candle to form bullish and my final confirmation was that it broke the high of the previous bullish 15m candle. Then I entered the trade. My stops were below the 15m wick rejections and my two targets were 1897 and 1900. Both targets were smashed within a few hours with very minimal drawdown. If any candle from 15m upwards closed below support, I would have closed my positions as it was invalidate the setup.
FX:XAUUSDEducation
by rhf_fx
8
Gold Analysis 04/10/2020 -- Update 2After taking sells where we banked 90 pips, price broke above the range highlighted on the analysis last night. Instead of waiting for support to form, I waited for a retest and entered on the retest, so this was effectively a break and retest entry. As price reached the first target, I secured my entry and moved stops to BE. Price then reached my next target where I closed more partials leaving a 10% runner and I closed my final positions as we wicked off the resistance zone at 1918.50 securing 140 pips.
FX:XAUUSDLong
by rhf_fx
GOLD - Potential Next MoveGOLD - It's reversing back from a major support zone, Gaining buyers strength also in 4HR time frames. My approach is a buy here at current price 1887 Potential Upside target 1899 - 1912 Maintain Stop loss around 1873, As stop loss is little big comparatively my usual trades, I would suggest you to take small lots only. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSDLong
by Professor_GS
GOLD - DAY TRADE VIEW.GOLD - It's struggling in this price range and as per the technical chart it's now under over sold zone. I am expecting a small bounce back in Gold, but my approach is cautious I am going to enter BUY only above 1906 Potential upside 1922 , Maintain Stop loss around 1899 Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSDLong
by Professor_GS
Gold / Long SetupThe price action suggests that gold traders are a little more locked on the U.S. Dollar this week. After a promising start, the greenback has drifted mostly sideways to lower, and is in a position to post a slightly lower close for the day . Meanwhile, gold has mirrored the move in the dollar. With the dollar’s early spike to the upside, gold plunged, but when the greenback started to flatten out, gold traded higher to flat. The price action also suggests that short-term gold traders may be a little confused about how to play the stalemate in Washington. Many were betting on another round of fiscal stimulus by now from Washington, but with Congress taking a break until the U.S. Labor Day holiday, it looks as if there may not be a federal government aid package until at least the first week in September. Meanwhile, the longer-term bullish outlook remains intact. Massive money-printing by central banks, an ultra-low interest rate environment and worries over the economic fallout from mounting coronavirus cases, this all is in Favor of Gold. Additionally, the Fed’s recent gloomy assessment for the economy is very supportive for gold. Recently, policymakers warned U.S. growth would be muted until the coronavirus was contained. Anyway i got 2 zones were i am willing to Buy . Good Luck .
FX_IDC:XAUUSDLong
by MassineFariss