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Goldforecast

Gold Next Target is 1830 ? Gold Analysis Thursday 1st December Wednesday performance: Gold opened at $1748, made low at $1745 and high at $1770. Gold closed at $1769, $21 higher than Tuesday's closing. Today gold opened at $1769. Support is at $1760 and Resistance is at $1790. Trend is positive and volatile. Fundamental events according to Pakistan Time. 01:55PM-02:45PM, German and Britain Final manufacturing PMI 06:30 PM, US CORE PCE Price index, Unemployment claims, Personal Income, and Personal spending. 07:30 PM, US Fomc member speech 07:45 PM, US Final manufacturing PMI 08:00 PM, US ISM manufacturing PMI
TVC:GOLDLong
by Waqar212
XAUUSD possible next move!!! 30/11/2022I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I will open my short positions again around 1760-1763 which is the previous high. My target is still the same which is 1722. Therefore, we will have higher RR with this strategy. *Don't forget to do RR and adjust your stop loss **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE
XAUUSD next possible move!!! 29/11/2022The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately 6 RR. *Don't forget to do MM and also adjust your stop loss **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE
XAUUSD next possible move!!! 28/11/2022According to my previous analysis, the graph significantly shows that it is zigzag correction as expected due to the fact that wave "blue B" retraced only 0.618 of wave "blue A". Therefore, the next possible move of the gold price is the movement from wave "blue B" to wave "blue C". In my opinion, wave 1 in blue B --> blue C has already ended, so now we are waiting for wave 2 in blue B --> blue C. Personally, my target price to start opening my short positions is around the grey box area which is from 0.382 to 0.618 fibonacci level of wave 1 in blue B --> blue C. My target price is still the same as my previous analysis which is around 1722. *Don't forget to do MM and also adjust your stop loss!! **Not a financial advice Best wishes, sillyFACE
FX:XAUUSDShort
by sillyFACEEE
Trading Reason: of Buy Gold by Strategy & Stats AnalysisTrading Reason: of Buy Gold by Strategy & Stats Analysis Base on Fundamental: to Theme Investing change. TVC:GOLD - *Big Bank of worldwide: Net Buying gold at $1650 price support. Long Term => Positive of Gold - *FED Meeting by J. Bullard : Dovish step Interest 0.50% to hit to 5.0%. Short Term => Positive of Gold - *Regression Economic because high Interest rate: 5.0 % make to high cost push of market. Long Term => Positive of Gold - China lockdown etc. Short Term => Positive of Gold
OANDA:XAUUSDLong
by ProAekTrader
1
20 REASON FOR SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑 biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase 🧐Eagle eye: bull Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart 1 Structure analysis time frame: h4 2 target time frame: h4 3 Current Move: impulse for h1 4 Entry Time Frame: h1 4.1 Entry TF Structure: bear 4.2 entry move: wait until 1752 and wait for some bearish signals 5 Support resistance base: weekly order block resistance and FVG resistance 6 FIB: trigger event Ok 7 candle Pattern: momentum Engulfing bull 8 Chart Pattern: higher low 1752, reversal start 9 Volume: no volume Compare to the whole move 10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways 11 Volatility measure Bollinger bands: Squeez break out /head-fake/walking band 3 signals 13 Sentiment ROC: weaker than USD 14 final comment: sell right now 15 : decision: sell 16 Entry: 1752 17 Stop losel: 1758 18 Take profit: 1730 19 Risk to reward Ratio:1:6 Excepted Duration: 2 days
OANDA:XAUUSDShort
by Optimum369
1
Gold technical analysis: Bull flag pattern pointing to 1,880? The release of the November FOMC minutes, which were more dovish than anticipated since a large majority of Fed officials judged that a decrease in the pace of the fed funds rate increase would likely be appropriate soon, sent gold prices surging beyond $1,750/oz once again. The early stages of the formation of a bull flag pattern can be seen on the gold 4-hour chart. This pattern may be read as the continuation of the November price action and may provide an entry point for a near-term rally extension. A bull flag pattern is defined by a pole where prices surge first, followed by a horizontal or downward-sloping flag of consolidation, and then a large increase in the upward direction equivalent to the size of the initial pole. In the case of gold, the first pole begun with the triple bottom that occurred in early November at $1,616/oz, followed by a two-week rebound to the $1,788/oz resistance, where sellers reemerged as prices hit the 38.2% Fibonacci level of the 2022 high-low range. Gold prices then formed a downward-sloping flag and consolidated in a descending channel until November 23, when the flag channel was breached. With the second pole already starting to take shape, the technical picture may portray a rise to $1,880/oz if the second pole matches the scale of the first pole. The relative strength index (RSI) rebounded from very oversold levels, while the moving average convergence/divergence (MACD) indicator completed a bullish crossover below the zero line. These were also positive development. If this price extension to $1,880/oz materialises, it will signal a significant development for the gold uptrend since the 50% Fibonacci level will be surpassed.
CAPITALCOM:GOLD
by Capitalcom
Gold Analysis Gold Analysis Thursday 24 November Today gold opened at $1754. Support is at $1740 and Resistance is at $1770. Gold prediction yesterday was perfect. As we told you gold can go up we didn't say gold up or down ... We clearly mentioned gold can go bullish according to my analysis. And you see we gain 200 pips after this prediction. Gold volume is low because US holiday & open interest is increased so again we can see bullish move because open interest is increasing in rising market. Fundamental events according to Pakistan time. 05:30 PM, Europe Monetary Policy In US there is a bank holiday therefore volume will be low.
TVC:GOLDLong
by Waqar212
20 REASON FOR SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑 biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase 🧐Eagle eye: bull Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart 1 Structure analysis time frame: Day 1 bullish 2 target time frame: Weekly 3 Current Move: impulse for day 1 4 Entry Time Frame: daily 4.1 Entry TF Structure: bullish 4.2 entry move: wait until 1765 and wait for some bearish signals 5 Support resistance base: weekly order block resistance and FVG resistance 6 FIB: 7 candle Pattern: momentum Engulfing bull 8 Chart Pattern: Pole and flag till 1765, then reversal move can start 9 Volume: no volume Compare to the whole move 10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways to bull but only till 1765 extreme target 11 Volatility measure Bollinger bands: possible m pattern or volatility divergence at 1765, and we know well about it its also a reversal sign 13 Sentiment ROC: weaker than USD 14 final comment: wait till 1765, then sell for positional entry 15 : decision: wait 16 Entry: 1765 17 Stop losel: 1785 18 Take profit: 1580 19 Risk to reward Ratio:1:8 Excepted Duration: 2 months
OANDA:XAUUSDShort
by Optimum369
Gold 1700 & 1680 or 1800 ? Gold market update (give me 100 likes & tell me whare are you from? Gold make head & shoulder pattern. Gold break the nickline of this pattern. Gold is now trading in Channel pattern. If gold break the resistance line of channel pattern with high volume then gold can go up & will hit 1800$. Gold open interest & volume is less then yesterday data. Mean gold in down trend and this sign is bullish for gold. Fundamental analysis: US unemployment claim is released which is bad for USD & better for gold. So we can say gold can go up. So this is the technical & fundamental analysis of gold. Now trade with risk management. Follow me for more updates. Thank you
TVC:GOLDLong
by Waqar212
4
Gold (XAUUSD): Is That a Bearish Reversal?! 🟡 Hey traders, I spotted a peculiar head and shoulders pattern on gold on 4H time frame. The price broke and closed below its neckline on Friday. It looks like the market may drop lower next week. The next support that I spotted is a horizontal daily demand zone. 1735 will be the next goal for sellers. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
11