looking for sells below the previous low of 1718.98 in hopes of price retesting 1712.58 & looking for buys if price breaks out of 1732.80 with further bullish move. but careful with the fakeouts.
Gold seems to be moving in respect to a downtrendline & gold might continue to move down to retest 1680 key zone if it makes a breakout of 1711.34 or create new lower low if even closes below 1681.50. However if it breaks out of 1808.34 with further bullish momentum then it would be making a breakout of the downtrendline & could shift to an uptrend from the downtrend.
The gold price gained more than $15 after the US ISM manufacturing PMI report. Technical: The near–term support is around $1760 next level of $1790
looking for a breakout of 1803.11 to look for short entries & for long entries, we are waiting for a break & close above 1871.63
Hi guys! 👋🏻 🔔 Gold has retested the dynamic support of August 21 (dashed line) and is now forming a wedge pattern. 🔔 There are multiple strong resistances which obstacle XAUUSD from going higher, such are 1942 and 1960. 🔔 But as it seem from the current setup, if #Gold remains above this support, it will most likely break those resistances and climb back to...
Hey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1970 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hello everyone! Gold has formed a Cup and Handle pattern on a Monthly chart, if once again breaks above 1985, and closes above 2000, then $2500 will be the next target.
Its standard theory is that the gold price will rise as a safe-haven asset in any geopolitical crisis. But yesterday, the world witnessed a different picture I mentioned in my last article, and gold may drop because of Russian reserves and profit-taking zone. And my prediction became true. After rising 630 pips, gold dropped more than 900 pips. There may have...
The big picture for gold is mixed as the bullish trend appears to remain on hold. However, a descending triangle formation shows that some bearish potential may be brewing with Gold markets, and US rates continue climbing at a higher rate than treasuries. The Fed's next meeting will decide whether or not they're hawkish enough to elicit more significant...
Gold is giving continuously candles green fine; But resistances at 1833, 1849 and 1869 reduce its shine. If the Resistances are crossed along with rich levels of 1900+ and 1967 Gold can dine. A great investment of all time, after breaking squeezing triangle will make the bears fall in line. And I will say. Mine oh Mine!!!
Hi guys! 👋🏻 🔔 Daily XAUUSD chart projects a triangle pattern, and signals the retest of the lower edge of the triangle, based on the pattern’s rule. 🔔 Moving averages on a daily XAUUSD chart also do not favor the Gold bulls. MA200 and MA50 both are above the closing price of XAUUSD. Remarkably, the 200-day moving average is above the 50-day MA. This formation in...
👉🏻 Swing trade. With the FED hiking interest rates, we could possibly see some money flow from risky assets into gold.
The price of gold is about to enter a much deeper consolidation, where gold prices may continue lower until they reach support from previous levels of the $1830/$1800 price zone. The market behavior comes when bulls cannot go any higher due to lack of demand. Selling pressure also comes into play that makes them pause before re-engaging with buyers again. The...
hello as you know today is NFP news, lots of opportunities so i expect buying rather than selling all entry and stopsare mentionned on my chart good luck
In the H4 chart, gold is still in an uptrend. Next Thursday, the USA will publish its quarterly advanced GDP report. Unfortunately, the report forecasted slower than the last report. Usually, October was not a good month for gold for many years, and we have been watching it. But this year, it didn't happen. So, if this and next month gold's price doesn't drop,...
Hi guys! 👋🏻 🔔 There is a breakout confirmation from the falling wedge on a 4 hour Gold chart. The price broke the resistance and retested it as a support. 🔔 The situation around Evergrande and negative NFP and employment data in the US will increase the uncertainty in the markets. Several Central Banks, including the Bank of Japan increased their Gold purchases...
GOLD Long Setup Continuation trade: 👉🏻 Following last week's setup, price did plunge to the 50.0%-61.8% region, still on a bull bias. $1760 remains as the critical zone.
GOLD Short Setup Continuation trade: 👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level. 1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.