Goldbuy
Two key levels to watch on Aug Gold Futures - 1,775 and 1,765
1,775 is a near term level that formed over on the 1-hour time frame. Price tested this level on June 30th (yesterday) and held above. If we see a break lower, then this is an indication that buyers remain weak.
A more critical level to watch is the 1,765 as this formation originated back in April and has been holding up since. You can see take a look at the 4-hour chart below showing the formation of this level. Every time price has broken above, it quickly trended back below. If this level continues to hold up, we can remain bullish on gold.
The uptrend continues! | GOLDWe are in an uptrend of all periods, and on Friday the price forms a very clear bottom.
It confirms the situation and allows for purchases.
Resistance levels:
1784
1793
1805
Gold is at its highest levels since 2012 and is close to the historic peak of 2011!
Do you expect it to reach the historic peak?
I'm Going Bear. (GOLD)I am shorting gold with roughly 2.5% Stop of 1750.
Weekly starting to whip around and we keep hitting off of upward resistance.
Would be nice to get a drop off to the bottom green line of upward support.
If I do get stopped out it's not a big deal. We always play 1-3% stop.
3day is firing red with a Crossover and ema dots are firing red.
Want to see some sell off pressure to get that weekly to trigger for a nice bearish close.
Best of luck,
🥇MLT | MAJOR LEAGUE TRADER
GOLD BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Gold (XAU/USD): Daytrade-Execution
Market-Buy-Order: 1700,30
Stop-Loss: 1688,20
Target 1: 1710,70
Target 2: 1721,10
Target 3: 1730,00
Stop-Loss: 118 (1180) pips
Risk: 1%
RIsk-Reward: 2,52
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Gold Fake Out Play at 1,700 Level1-Hour:
Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up.
1-Day:
This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a result, as I set a modest first target of 1,722 and will wait to see how momentum plays out closer to that level.