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Goldsignal

Chance to buy GoldLooking through the price action, Gold is clearly in an uptrend and is at the 0.236 Fib level, Which can prove to be a very good entry point for the long run. If Gold has to continue the upside rally , 2040 does not seem unachievable, an entry ar the current price between 1940 and 1920 will be a good price to buy Gold for Short and Long term . Stop loss can be at the 1910 price level , also 1900 and 1880 for risk takers.Looking at the chart in 4 hour timeframe, the correction might end soon and gold could continue on the rally upside.
OANDA:XAUUSDLong
by shyApricot2597
2
Gold Weekly Analysis: Breaks Above TLR April (11 - 15), 2022Technically, gold has again gone into bullish mode. However, there was no solid fundamental issue like going into gold bullish mode last week. But somehow, the gold breaks above the Near-Term Trendline Resistance level. Although gold has broken above the trendline resistance, it will not be in long-term buy mode until gold stabilizes above $1951 ( Immediate Resistance Level). As the market closed below the resistance level, there is a chance that gold may go into a downside correction if gold is unable to break above the strong resistance zone of the $1951 price zone. But if somehow, gold manages to stabilize above the $1951, we must go long, and our first target will be $1975 (Immediate Resistance and Swing High). 2nd Target $1975 and Final Target $2000. On the other hand, if gold goes into a downside correction in the next week, as I am expecting, It may drop to the $1935/1937 price zone. I think gold will bounce one more time from that level. But as long as gold is above the $1915/1910 price zone, gold will still be considered an uptrend. An uptrend will be invalid if the gold price breaks below its strong support level of the $1915 price zone. If gold breaks below the $1915/1910 price zone, we may see a big drop to the $1830 price zone. However, I am not expecting this to happen very soon, as long as Russia-Ukraine issues exist. Instead, if the European Union added Ukraine to the Eurozone, it may be more problematic, and gold may test the $2000 price zone again. And most probably this is going to happen end of the month.
FX:XAUUSD
by Gold_Trading_Expert
9
DAILY GOLD ANALYSISAccording to Wall Street traders, they have reached their profit ******** And the Asian news that came out and the increase in interest rates could be the end of the gold climb ******** We are now in area 50 of Fibonacci who can approve the correction ********* And according to Elliott waves, we have entered phase 8 of the wave ******* My views are technical, if the United States wants to change the trend, it means there will be price manipulation. ******* Every market needs supply and demand. Now we have witnessed recklessness in gold trading. ******** Thank you for being with me so far
OANDA:XAUUSDShort
by ALIREZATR60
2
As long as gold is above 1950, it still has a chance for $2000For various reasons, gold still has the opportunity to test $2,000. If you notice the movement of gold, you will see that the tendency to rise is higher than dropping the gold price. There are many reasons behind the gold's upside bias. 1. Inflation has risen worldwide 2. Economic growth is declining 3. Russia-Ukraine war 4. Demand for Gold as a Safe Haven 5. New variations of Corona Apart from these, there are many other reasons behind the rise in gold prices. But there is a thing called prize action. Nothing in the world can be more expensive than oxygen. So the price action thing works for all assets. And because of price action, profit-taking is done at different rates, the uptrend market corrects down the side, and then the downtrend market corrects the upside as well. Since gold has been overpriced based on the RSI, the correction is slightly expected to the downside. But as long as the gold price is above $1950, it is more likely to be in long-term buy mode. There is a minor resistance from the current rate at $1982. If the gold price can break above $1982, gold will probably go straight to $2000. Since the Fed will raise the bank rate next month, FED's higher bank rate is a big obstacle for the higher gold prices, and gold may drop a bit as an advance price-in. But ultimately, gold is in an uptrend and has the most possibility to test $2000 However, unless most of the issues mentioned above are resolved, gold may not wear out very much. So as long as the gold price is above $1950, the chances are high that it could test $2,000. Gold, however, could drop if the situation improves. If the gold is stabilized below $1940, it can test the 1920/1918 price. And down to the latest target of $1890/180. If you like my analysis, please like, comment and share please...
OANDA:XAUUSDLong
by Gold_Trading_Expert