Goldbuy
Gold bullish structure formation1-Day:
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
1-Hour:
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.
Gold (XAUUSD) to reach 1750 again? Possible 1800?Because price is in a overall uptrend, we might see Gold still push higher as on the Daily timeframe, we have a potential breakout and retest of that breakout level. On the smaller timeframe as shown above, we have a breakout and retest of the broken trendline and previous support level to lock in sellers. We might see selers getting trapped and price push higher.
XAUUSD Long!As the dollar continues to devalue against gold, it will become more significant as conditions ease globally in the coming weeks. Of course gold is an inflation hedge and we're kind of in a deflationary environment for the moment, so it may take some time for us to get to the 1780-1800 mark!
Gold Future trade setupGold is trying to fly higher on last friday on nfp there usd was weak due to increase in unemployment rate but the market manuplaters manuplate the gold and thats why it went sell but according to technical anlysis gold is not going down to 1662 you can enter gold buy on 1694 with very small lots and keep your sl to 1655 and in case if gold breaks down to 1694 you can have a double entry on gold from 1670 with same sl and guys if you need any help ask me