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Golddollar

Gold Clearly brokeout of a bull flag.After Gold broke out of a Bullish Flag there was a back test of the downward sloping trendline that acted as resistance until now turned into support resulting in another bullish flag breaking out on a smaller time frame. I'll link a chart on a smaller time frame displaying another bull flag. Keep in mind everyone, anything under approximately 1800 USD is fair game for massive rejection & continuing a lower high trajectory on a Macro scale. I'm not sure if people understand this, some say Gold is a store of value & I agree, kinda.... It depends on what you consider a "store of value." Because technically, since Aug 2011 Gold has been in a bear trend, and it appears as though it could very easily make a double top, unless Gold creates a new all time high with the more recent bullish activity. Gold went as high as $2,172.26 USD in January of 1980, and dropped nearly 75% afterwards & went into a 21 YEAR BEAR MARKET. Nice STORE OF VALUE! Bitcoin on the other hand has much faster boom & bust cycles. Gold went from $678 USD in Feb 1934 to $236 by Dec 1970, over a 50% decline & a 36 year bear market until the price recovered increasing 10x in 10 years from 1970 to 1980's. I wouldn't be surprised if Bitcoin retested it's 2017 ATH before Gold retests its January 1980 ATH! Bitcoin has provided greater returns since 2015 than owning an ounce of Gold at spot price since 1975, even after Bitcoin has fallen from recent All Time Highs. This trend will continue, Bitcoin & crypto related assets can be part of your portfolio, even if its only 5%
TVC:GOLDLong
by ScotianBot
9
XAOUSD | Falling Wedge + Bullish Flag PatternPlease support this idea with LIKE if you find it useful. Initiate Long. Entry - 1568.68 TP1 - 1637.70 TP2 - 1665.01 SL - 1545.95 (Consider your stop loss lower if it fits your R/R ratio) Reason: We have a similar combination of Falling Wedge and Bullish Pennant (which might reform in Bullish Flag), this pattern lead us to aggresive growth. Also RSI was overbought and currently we see the Same. One more - we have a Bullish Flag-Pennant forms near 0.75 extention line (green line.) Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
FX:XAUUSDLong
by Anpu
21
XAUUSD | Trade That Takes You Months or YearsPlease support this idea with LIKE if you find it useful. Initiate Long. Entry - 1567.00 TP1 - 1723.87 TP2 - 1848.94 TP3 - 1917.61 SL - 1520.32 Reason: Years of Ranging (accumulation) and then breakout with a bullish flag formed now can lead us to test All Time High. Warning: Do not open this trade if you are inexpereinced trader, because it requeres a lot of patience. Also this trade can be a dangerous, because of possible deflation and regression if we talks about months and years of waiting. You might not manage in this situation Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
FX:XAUUSDLong
by Anpu
9
Don't miss the great buy opportunity in XAUUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1494.30). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 1516.75 TP2= @ 1535.95 TP3= @ 1556.00 SL= Break below S2
FX:XAUUSDLong
by ForecastCity
2
Potential buy zone at Gold @ 1493Last Friday I told you guys that you should sell gold when it retraces again at 1500, and see how it goes down by 70 pips now. What you can do right now is to put a small lot on Gold cause I see that something that move fast, reverse fast as well. It is still depends on your trading strategy When the price goes down buy again around 50 - 80 pips. I believe that the fundamentals are still pointing the increase of Value of Gold as Trade War still ongoing. Get our free signals here: t.me Like us on Facebook: www.facebook.com
FOREXCOM:XAUUSDLong
by NathanielRondon
XAUUSD - "Are We On The Last Lap Of This Bull Run?"Chart explanation: This run has to end some time right? From a technical stand point we've seen such a long run from gold because it really had no resistance to fight against. This is really the first time since the spring that it will be battling some sort of weekly or monthly structure from the past. I used the bigger time frames for this analysis but it would look to cluttered if I left them on the screen. Instead I labeled all the things I found on them. The "Selling zone" is a combination of institutional sellers from the past who moved the market down at that exact price + a bearish 61.8 Fib + two bearish crab patterns forming on the daily + one bearish butterfly + a bearish abcd (orange) + $1600 which is a round number. We may see price shoot right through this red zone, if it does $1700 looks promising, however I do think we should get SOME sort of reaction around that 61.8 Fib. (Purple) I have labeled a tendency that gold has when it gets tired or needs a breather, it's pretty self explanatory that we might be entering that phase if you look at everything in purple. If we do get a sell signal in that sell region, it may be a tricky play because price may go sideways for a bit before a 38.2 retrace happens (past tendency in purple as well) Another requirement i'd like to see is a drop in volume + a new high, this will show that price is climbing but no one really wants to play the game, which means market makers should push price back down again to attract players (which gets them commissions) Keep in mind NFP is this friday. Which could give us this final move up.
FX:XAUUSDShort
by elevatedinvestor
GOLD Important Major Trend Line (Weekly)Hi Buddies As you can see in the chart all historical major trend lines were shown. Price just has two choices and it's going to select the following direction. if it crosses the red line successfully it will break out the head & shoulders neckline and go to the 1470-1500$ price area. the next target for this situation is the 1600-1650$ price area as the head & shoulders target. on the other hand, if it breaks the blue historical major trend line it will reach 1050$ but personally, I think the first choice is more plausible. Good Luck...
FX:XAUUSDLong
by AmirFard
Is Gold Ready to test $1405 Region?Most of my analysis is on the chart. Gold cleared previous resistance around 1395 with a strong and clear move to the upside. I like to trade ABCD Patterns, my favorite thing to do is buy and sell the C legs. The first step for me is to have B make a new low or high, which in this case it has made a new high, showing bullish strength. the next thing is I look for where I can enter on a pull back, In this case we have a nice point of control (red line) where price has been reacting in a bullish manner, I believe there is a lot money sitting there that can give us some sort of move up when/if we come back to this level. I will be looking for a bullish harmonic patter to complete inside the bullish trendline, and right near that point of control 1392.82. Depending on the pattern I get, I'm going to be using a 15 pip stop give or take, Take Profit will be for a measured move of the AB Leg, But I'll be watching to see how price reacts just before the D completion because if this plays out for us, We will then have a completed bearish Gartley Pattern. The .786 Retracement of the XA Leg is a spot to watch. 30 pip stop 4:1 Return 15 Pip stop 8:1 Return -Enjoy
FOREXCOM:XAUUSDLong
by elevatedinvestor
A trading opportunity to buy in GOLDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Gold is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1433.50 TP2= @ 1526.88 TP3= @ 1625.63 SL = @ 1333.00
FX:XAUUSDLong
by ForecastCity
5
A trading opportunity to buy in GOLDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Gold is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1433.50 TP2= @ 1526.88 TP3= @ 1625.63 SL = @ 1333.00
FX:XAUUSDLong
by ForecastCity
3
Hold on, is this a descending triangle, or a Bull Flag??In my previous post i talked about Gold breaking flush through a Descending Triangle, i misspelt it for a Ascending Triangle. After looking again it appears as though this may be a fake out.. Time will tell per usual. If you look at Gold on a macro 100 year chart including the wicks, Gold peaked in early 1980 2,200ish USD. After that ATH, gold sold off for 20 YEARS before finally bottoming in April 2001. Aug 2011 was a double top, and now Gold is still "technically in a bear market until this Descending Triangle is broken!
TVC:GOLD
by ScotianBot
Don't miss the great buy opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1279.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1288.15 TP2= @ 1292.95 TP3= @ 1303.25 SL= @ 1275.80
FX:XAUUSDLong
by ForecastCity
2
Don't miss the great buy opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1292.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Take Profits: TP1= @ 1303.25 TP2= @ 1310.50 TP3= @ 1324.45 SL= @ 1281.00
FX:XAUUSDLong
by ForecastCity
4
Don't miss the great buy opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1292.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Take Profits: TP1= @ 1303.25 TP2= @ 1310.50 TP3= @ 1324.45 SL= @ 1281.00
FX:XAUUSDLong
by ForecastCity
6