Goldforecast
Gold: Rearing up 🐎Gold has been rearing up once more but should soon return below the support at $1936 to continue the overarching downwards movement until the low of wave (4) in yellow is found, which we expect to happen below the turquoise zone between $1840 and $1713. However, there is a 30% chance that the precious metal could use the turquoise zone to finish wave alt.2 in turquoise instead. In that case, gold would turn upwards from there, rising back above $1936 and further northwards.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 (XAUUSD): Detailed Structure Analysis 🥇
Here is my latest structure analysis and key levels to watch on Gold.
Resistance 1: 1965 - 1973 area
Resistance 2: 1977 - 1985 area
Support 1: 1925 - 1937 area
Support 2: 1892 - 1907 area
Consider these structures for pullback/breakout trading.
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XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Analysis 7July2023looking at this analysis with the D1 time frame, the price is right at the strong resistance and the resistance is in direct contact with the trendline.
This trendline forms a downtrend channel.
I also see a hammer candle which we can interpret as one of the indicators of a rejection and the beginning of a possible reversal/correction.
looking at the last 5 candles (last 5 days) that tried to break the resistance and failed, there is a possibility that the price will go down first.
GOLD (XAUUSD): Technical Outlook & Things to Watch Next Week 🥇
After the test of a major horizontal daily demand cluster, sellers look weak on Gold.
Analyzing the price action for the last 3 weeks, I spotted a completed inverted head & shoulders pattern.
1925 - 1941 is the neckline of the pattern.
Bullish reversal will be confirmed once a daily candle closes above that.
A bullish continuation will be expected then to 1957.
Remember, that at the moment the neckline constitutes a solid resistance,
so I strictly do not recommend buying now.
❤️Please, support my work with like, thank you!❤️
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Rejecting from the Upper Trend Line
Impulse Correction
Break of Structure
Bullish Channel in STF with the Breakout of LTL
Completed " 12345 " Impulsive or " ABC " Corrective Wave
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.