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Goldfutures

XAUUSD: The 1H MA50 is the catalyst.Gold is trading within a Channel Up on the 1H chart (RSI = 48.066, MACD = 1.570, ADX = 17.753) supported on the 1H MA50 since the past 24 candles. This is after the very sharp decline we predicted on the chart below: At the moment the 1H MA50 is tha catalyst, because as long as it trades above it, the bullish bias are more towards 1,985. If the 1H MA50 breaks, the short-term trend shifts back to bearish towards the 1,880 - 1,860 Support Zone. Notice how the price action of the past 24 hours is similar with the top formation of August 6th/7th both on candle action as well as MACD and RSI. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated. ** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **
FX_IDC:XAUUSD
by InvestingScope
Barrick Gold longHere is an easy ta for GOLD long: Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance. On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume. Both compared could be play on Gold long.: S3 is showing bullish rally, S2 and S1 are forming trendlines for secondary up-trend. Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend. Indicators: BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought) 50 SMA: Trend is moving abvoe, bullish signal 20 SMA: Trend is moving above, bullish signal 200 SMA: Trend is wide moving above, bullish signal RSI: Crossing under 80, bullish signal MACD: Crossing, tendency up, bullish signal 1. Wait for breaking resistance and buy in around 29 $, SL set on support zones 2.Option play: Bull put, Strikes around support zones. short time Good luck for your trading :)
NYSE:GOLDLong
by Hornetcharts
GOLD's NEXT POSSIBLE MOVESGold jumps $15 to renew 9 years high above $1865. As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are low chances of rebound towards sell area below 1840. Gold is expected to breach the zone between 1840-1865. $1920 is not far. It will remain in consolidation this week probably in the current zone of 1840-1865. 1865 is a strong resistance now followed by 2011 moves. In case if its break the support level of 1840 than there will be more chances that gold will touch the support level of 1820 and adopt the zone between 1820-1795. If Gold leaves this zone of 1795-1820 towards downside, its next target will be 1785-1765 but there is nothing that can stop GOLD's bullish momentum so far. The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold .As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and trading should be avoided here. Comment below if you need any Help.
TVC:GOLDLong
by TradingSwirls
GOLD's NEXT POSSIBLE MOVEAs we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch the support level of 1770 and adopt the zone between 1745-1780. If Gold leaves this zone of 1795-1815 towards upside, its next target will be 1820-1840. The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold.As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and trading should be avoided here. Comment below if you need any Help.
TVC:GOLDLong
by TradingSwirls
Gold Future in a stable pathHello traders, Let’s have a look at Gold Future for 15min. It seems that after the recorded price GC has achieved, now he is evolving inside a trading range. So as usual, we wait that huge volume and that break of the trading range to predict the new trend. If the break is above that trading range, we can expect an increasing trend. Otherwise, if it’s below the trading range, we expect a decreasing trend. For intraday trading, we have that special candle with a high volume that assures an increasing path of GC, especially with that rebound on the trading range’s support, so we can buy right now. Thank you for reading this analysis. Hoping it helps you in your Gold Future trading.
COMEX:GC1!Short
by oualidskh
2
XAUUSD: Weekly shows top pattern soon.Gold is very bullish on all long-term charts with 1W in particular (RSI = 67.652, MACD = 57.930, ADX = 50.157) being on a very healthy and balanced uptrend since the June 2019 bullish break-out from the 6 year consolidation phase. The RSI however is on a bearish divergence and the MACD flat-lined, indicating that soon the trend may lose strength (not change but slow down). The RSI in particular is on a Channel Down with its Lower Highs being Gold's Higher Highs and top formations where strategic pull-backs take place. The 1st High (August 2019) pulled back to the 0.236 Fibonacci retracement level, the 2nd High (February 2020) pulled back to the 0.382 Fibonacci. We are close to the 3rd one, which (depending on the High) can also pull back either at 0.236 of the 0.382 Fib. Our advice to Gold traders on the medium-term is to take profits and once this RSI top is formed, wait for the pull-back to back on a bargain price again. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDShort
by InvestingScope
1