Goldsignal
GOLD → if the neckline breakshello guys.
Inverse Head and Shoulders Pattern:
The price action is forming an "Inverse Head and Shoulders" pattern, with the left shoulder, head, and right shoulder clearly marked. This pattern typically indicates a reversal from a downtrend to an uptrend.
The neckline of the pattern is located around the resistance zone at approximately $2,534.
Breakout Potential:
The price is currently trading near the resistance zone (neckline). A breakout above this level would confirm the pattern and could lead to a strong bullish move.
If the breakout occurs, the target of the pattern is set around the $2,555 level, representing a substantial upside potential.
Support Levels:
The key support level is near $2,495, which aligns with the head of the pattern. A break below this level would invalidate the pattern and may lead to further downside.
Key Levels to Watch:
Neckline Resistance: Around $2,534.
Target of Pattern: Around $2,555 if the breakout is confirmed.
Potential Trading Strategy:
Consider entering a long position upon a confirmed breakout above the neckline ($2,534), with a target around $2,555.
Place a stop-loss below the right shoulder or the head of the pattern to manage risk effectively.
Overall, the chart suggests a bullish setup with a potential breakout above the neckline that could lead to a significant upward move. The Inverse Head and Shoulders pattern supports a bullish outlook as long as the price remains above key support levels.
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DeGRAM | GOLD pullback from dynamic resistanceGOLD is moving in an ascending channel near the upper trend line.
The price has not yet consolidated above the dynamic resistance and resistance level.
The upper trend line was already becoming a pullback point.
We expect a pullback after a retest of the dynamic resistance.
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Gold confirm chart Gold needs acceptance above $2,530 for a fresh uptrend
Gold price has entered a phase of upside consolidation above $2,500, as buyers await fresh catalysts for a fresh leg higher. The focus now shifts to the mid-tier US housing and sentiment data, as the Middle East tensions seem to ease.
Gold now buy 2508
Support 2520
Support 2530
Resistance 2500
Resistance 2490
DeGRAM | GOLD rebound from the retracement levelGOLD is moving in an ascending channel between the trend lines.
The price has reached the lower boundary of the channel and the support level coinciding with the 50% retracement level.
We expect the growth to continue after the breakout of the dynamic resistance.
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GOLD (XAUUSD): Bullish Movement to All Time High
Gold closed in a very strong bullish mood this week.
The price retested a recently broken horizontal resistance,
bounced and violated a resistance line of a bullish flag pattern on a 4H time frame.
Probabilities are high that the market will continue growing next week.
Next goal for buyers will be the resistance based on a current All Time High.
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Gold Analysis==>> More DumpsAs I expected in the previous post , Gold started its correction from the Potential Reversal Zone(PRZ) .
Gold has already managed to break the lower line of the ascending channel .
Also, Sell Signal is created by EMA(100) and SMA(100) .
I expect Gold to continue to correct and, at least, fall to the Targets I have outlined on the chart.
Note: We should wait for the Gold pump if Gold can break the Resistance zone($2,501-$2,493) and Downtrend line.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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DeGRAM | GOLD correction in the channelGOLD is moving in an ascending channel between the trend lines.
The price reached the expansion level after an attempt to break the channel and then returned to the channel, under the trend line, under the resistance level.
The chart has already reached the dynamic resistance, which has already become a pullback point once.
We expect the correction to continue after the resistance retest.
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Xauusd chart Gold stays under modest bearish pressure and trades near $2,500 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day ahead of US PMI data, making it hard for XAU/USD to hold its ground.
Conversely, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at the $2,550 level.
Gold now buy 2501
Support 2520
Target 2530
Resistance 2490
Stop loss 2480
Gold Analysis==>>CorrectionGold has managed to break the Heavy Resistance zone($2,484-$2,431) and the Resistance line and is currently moving in an Ascending channel .
According to Elliott's wave theory , Gold seems to be completing the main wave 5 .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop from the Potential Reversal Zone(PRZ) to at least the lower line of the Ascending channel.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD growth from supportGOLD is moving in an ascending channel between the trend lines.
The price has tested the dynamic support, the lower channel boundary and the 50% retracement level and is now moving above the support level.
We expect a rise after the end of the support test.
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DeGRAM | GOLD pullback from resistanceGOLD is moving above the ascending channel and trend lines.
The price is under an important psychological resistance level.
The chart has formed a reversal pattern AB=CD.
We expect a pullback to the 50% retracement level after retesting the resistance level.
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DeGRAM | GOLD continued growthGOLD is moving in an ascending channel between the trend lines.
The price has reached the lower boundary of the channel and is trading above the support level again.
We expect the price to rise after consolidation above the dynamic resistance.
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GOLD is Bullish.....Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime.
Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right?
Have a good weekend guys, see you on monday
+718.00 USD Profit | Gold Creates New ATH (2500)I don't know anyone who would complain about making 700 usd in one day and I am not about to either, I'm quite happy with that as It is more than I asked for so I will be stopping here.
That being said, Gold continues to create new higher highs and break new boundaries.
I also would not be surprised if gold attempted to breach 2500 either
I did cover all of this live as well in my group BEFORE the fact and on the record so feel free to join that. Other than that, have a good one today guys
DeGRAM | GOLD sideways movementGOLD is in an ascending channel between the trend lines.
The trend lines indicate a decrease in volatility and sideways movement.
The price has not reached the upper boundary of the channel.
We expect a continuation of the pullback after a retest of the dynamic resistance.
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DeGRAM | GOLD correction from the trend lineGOLD is moving between trend lines.
The chart has reached the dynamic resistance.
The price is under the resistance, which has already acted as a pullback point.
We expect a correction after the resistance retest.
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Technical analysis of goldIn the monthly time frame, the price has multiplied to the ceiling of the channel for the second time. In the same price range, Fibonacci 1.1618 of the previous wave has also been hit. You can show a 5 wave formation and we are a divergence between wave 3 and 5.
It is expected that the price will experience a correction.
DeGRAM | GOLD movement in a narrow rangeGOLD is rising between trend lines.
The price has overcome the resistance, which now acts as support.
The chart is moving above the 38.2% retracement level.
XAUUSD will continue to grow.
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Momentum, Timing and Probability - How to WinWinning Trades can be made easier when you learn to look at the market from a completely different perspective. We have to understand at some point that random strategies found on youtube and instagram aren't enough, there must be something else that we are missing.
Well this is it. I think most traders don't take in consideration.
Have a good rest of your day.