GOLD FORMING HEAD AND SHOULDERS?Could XAUUSD be forming head and shoulders pattern on the Daily time frame?
If so, are we likely to witness it happen before the close of Q4?
Are the major investors looking to sell their positions on gold in favour of DXY?
Will XAUUSD price revisit the neighbourhood of 9th August lows (1663.27) ?
Market does what the market wants. So I'll take my bias as things pan out.
What are your thoughts? 💭
🤔
Regards
Golddollar
GOLD May See a Significant RiseXAUUSD Pair may see a significant rise following the recent price fall that drove price to a dynamic resistance (1778.971) from 1876.984 resistant area.
Strategy : Breakout and Retest
I want to see price break out of the current structure ans retest at least 70% fibo level of the pump that triggered the break out before i buy in. This acts a a save zone for my capital.
I will update here is anything changes.
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XAU/USDi think the gold will keep going up till the next resistance zone TARGET ( 1830 ), and if he break this zone, then the next target will be Target HIGH ( 1870 ) .
GOLD XAUUSD $$$Heavy melt down when the 4hour , 8 hour Order block is respected .
Otherwise respect the levels.
- Sell levels 1784,76
NB : Non Farm Payroll will heavily affect
Gold Trend 02/11Gold rebounded from last Fri. low yesterday. The market opened near 1783 early in the Asian session. The price had been bounded by the 1780-88 range throughout the Asian and European sessions. It broke out from 1788(1) at the US session opening. Day-high reached 1795, with the day ended 1793 up by USD 9.
The technical pull-back from escaping channel(2) has been completed after the price touched once again trendline(2). The price is still trading within the downtrend channel(3) in the 1-hour chart. An S-T trend line(4) has been formed in the last 24 hours. Selling will resume if the price breakout from trendline(4) and the 1788 support line.
As mentioned yesterday, the horizontal range 1780-1810(6) is still dominating on the daily chart after the price break out from the uptrend channel. The 20 days MA(5) will provide support within today and 1796-1800 will be the resistance on the upside.
S-T Resistances:
1805
1800
1795-96
Market price: 1791
S-T Supports:
1788
1780
1775
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XAU/USD CAHRTThis is my chart analysis for XAU/USD and i have entered this trade and waiting for good result.
please let me know if you see anything on my analysis so that i can improve my skills.
thank you
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
| GOLD | formed Triple Top PatternHello Guys,
I have identified the Triple Top pattern in Gold , if we see structure break the Swing Low there will be a good opportunity to Enter trade.
FOR YOU INFORMATION ::
Technically, a triple top pattern shows us that the price is unable to penetrate the area of the peaks. Translated into real-life events, it means that, after multiple attempts, the asset is unable to find many buyers in that price range.
Gold - Xauusd 4H AnalysisPlease Check Related Ideas
This is my simple idea for Gold ( XAUUSD ) 4H time frame
I hope it is useful :)
Note 1 : It may take one or 2 weeks
Note 2 : DON'T FORGOT, STOPLOSS IS YOUR FRIEND :)
Best regards :)
More weakness to come for XAUExpect more downside for Gold. Should find support at $1600-20. For trend reversal it has to make new high above June peak.
Is Gold going to repeat the past formation? 😱A potential trade is on the way, will gold repeat the past formation?
As you can see last time, the gold traded along the trend line, then it found some resistance at 1900, traded it but it did not have enough strength to close higher and it broke the trend line and went down.
Now we are moving along the trend line, the gold has found resistance at 1825 and it is about to break the trend line.
What do you think about gold?
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Gold reversal patternXauUsd inverse head and shoulders pattern. If pattern is right, $2200 should be next target for gold.
Gold Could Fall Here... But How Low?Gold isn't quite as bullish as anticipated in terms of momentum, now it's turning bearish. The question is how low will it fall if it breaks below our medium-term trendline, only time will tell.
Happy Trading folks!
Cheers.
XAUUSD Long towards 1849/1898 levels.4hr - Bullish Hammer Candlestick indicating next candle to be bullish.
1hr - Bullish Hammer Candlestick is also seen, Also, Ascending Triangle also seen.
Price heading towards support/resistance 1849 - 1898
Buy Stop placed at 1838.
Stop Loss at 1825
Take Profit 1 at 1849 and Take Profit 2 at 1898.
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Gold: In a ChannelGold has been respecting the downward channel since it's all time high... for a short term trade or to scale into Gold. With that said, I believe people will be buying more Bitcoin than Gold. Not Financial Advice... CHEERS!
Price Action On Gold/USDToday we had a bullish close on Gold, however,... based on the weekly chart momentum is slightly bearish. We're anticipating a strong move in either direction. So here's how we anticipate whether to go long or short.
📈Long: Price moves down to 1776.xx (marked on the chart) in the first few hours of the trading session. (setting a low of the day)
📉Short: Price moves up to our entry in the first few hours of the trading session. (setting a high of the day)
...and that's it!
Happy Trading folks!
Cheers!
GOLD - A Bearish Channel! 👀Resistance @ 1805 level held pretty nicely, no candle close above it on the daily, even on the 4hr chart. This means if we don't see a retest of that resistance level, then this move lower would be an impulse move for a new low. However, if we get a move back up to 1805, then more than likely we would see Gold heading to the top of the bearish channel. 😎
Happy Trading folks!
Cheers!
Shorting Gold!It's a short trade on Gold once it breaks below our trendline. Although the weekly and daily chart is still bullish, a big move is bound to happen - either up or down! But I like it when it falls.
Happy Trading folks!
Cheers.
Gold Price per Ounce: 1,777.29Cup and Handle pattern...
Gold will be PT 9,963 about 10 years later while Dogecoin will be 1k-10k
Bitcoin 2.0
