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Goldsignal

Will Gold drop to my 1720 target this week?I was bearish Gold all of last week and, indeed, after breaking under the rising trend line started at the 1616 low on Wednesday, the yellow metal has started to roll back down and on Friday also dropped under the neckline's support of a small H&S confirming that 1785 is top. Now the price is 1746 and, in my opinion, it will continue to the downside. Sell rallies is my preferred strategy and I expect 1720 to be reached this week.
OANDA:XAUUSDShort
by Mihai_Iacob
16
Gold- Price could test 1800In my yesterday's commentary I said that Gold could correct its strong bullish move and, indeed, the price fell in the first part of the day. However, after touching the 1755 zone, bulls took control and the day closed to the upper boundary of the daily range. Gold remains very bullish both in short term and medium term and a test of the 1800 zone is not out of the question. As long as the price is above yesterday's low I favor long trades.
OANDA:XAUUSDLong
by Mihai_Iacob
24
Gold- Bulls should be careful, correction could be nextGold had a fabulous price evolution since the 1616 low, gaining 1500+ pips in only 6 trading days, but more importantly, as I've written in my Friday's analysis, has broken above 3 significant points and most probably resuming its long-term bull trend. However, at this moment bulls seem tired and a correction could follow and a drop to the support zone is not out of the question. Aggressive traders can try to catch this correction by selling rallies against 1800 important figure with 2 points of interest as their target: 1625 and 1645. On the other hand, more conservative traders can wait for this correction to be over and look to buy dips in the up-mentioned zones. My previous Gold analysis:
OANDA:XAUUSDShort
by Mihai_Iacob
12
GOLD Weekly forecastGold now in observable motion for upward rally in cope with EUR pairs. After presidential remarks In Europe has Inverted many pairs for a good cause especially EURO pairs.This week mostly Stocks went into a rally shortly after CPI news hit following the rapid move for EURO pairs, GOLD and vice versa as dollar falls in a strong dive as planned by the feds. Technically, Gold has found strong support around 1620-1630. however, there are many barrels on the way up as it approaches major supply levels. Now we wait and see if major news and economic news could be benefitting in coping the price movements in further months or not. That includes Decisions by the new government in UK and Chaos close chats of Ukraine and Russia Conflict and as well as Economic reports of the Feds-Including NFPs, CPIs, and Inflation data.
CAPITALCOM:GOLDLong
by Lavimystic
TRADE OF THE WEEK | Great Gold Trade💰 Hey traders, Gold dropped to a year's low last week. Monitoring the reaction of the price to that, we spotted a confirmed breakout of a falling wedge pattern on 4h. Buying the retest of the underlined demand zone, a great winner was caught. This trade is a perfect example of pattern & structure trading. Did you catch this move? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4