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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Goldsignal
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.
DeGRAM | GOLD continued reboundGOLD bounced off the demand zone, forming a green wide-range candlestick that confirmed the zone's boundaries.
The price reached the 50% retracement level, but has already overcome the 62% level.
We expect the rebound to continue after retesting the upper boundary of the demand zone.
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XAUUSD is in buy zone!XAUUSD Considering 4h timeframe, we can spot 2 significant liquidity candle formation with multiple liquidity grab with series of higher low. As with the previous session, we see 4h candle close with another liquidity grab signaling potential bounce to 2050 level which is another liquidity zone. As monthly price action is bullish, we may see even further trend continuation to the resistance level of 2474.18 level and beyond.
We are on a bullish trade with the possibility to long term trend continuation!!
Gold Needs Correction==>>Short-termGold is moving near the Heavy Resistance zone($2,484-$2,431) , Resistance line , and Potential Reversal Zone(PRZ) .
I expect Gold to go down to at least Monthly Pivot Point .
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.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
What a day on the markets!
Yesterday we said we would want to see price push up into the higher resistance levels for the long trades and if we got a RIP there an opportunity to short would be available to traders. What an opportunity that was! We update trades during the London sessions stating that there was no clear sign of the move stopping or a reversal in play, and for that reason to hold runners until we find support to long. We had the 2360 level in mind, and once attacked said if it didn't break the bounce should take us back up into the 2390-95 region initially.
Now we have that flip again making the 2420 price point the resistance to be attempted and broken in order to complete and correct the move back upside to create a new ATH. Our issue here as mentioned earlier is that price is looking like it will want to retest that low, so if you're in long it might be an idea to protect and take partials. Levels are to be tested with a risk model in place, if you're uncomfortable and less experienced, let the chop end before entering these markets.
If we do struggle above, they will want to clear the BE traders before then attempting to move it again, which will now likely be tomorrow. So, resistance 2320 key level, needs to hold to then retest. If we can break above, bar the extreme stretch, we should get the move we wanted.
As always, trade safe.
KOG
DeGRAM | GOLD collapsed to the demand zoneGOLD has exited the ascending channel.
The price dropped to the demand zone between 62% and 78.6% retracement levels.
The chart is forming a pattern AB=CD, it is necessary to watch for the end of the pattern formation at the lower boundary of the current zone.
We expect a rebound after retesting the support level.
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DeGRAM | GOLD growth to a new peakGOLD continues to move in the uptrend channel.
The chart is moving from the lower boundary of the channel and has already overcome another resistance level.
We expect the price growth to continue.
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GOLD (XAU)Gold broke its down trend at 1680 and It was a great opportunity for longing and now we heading to 1815
XAU continues to push higher and trades above $1,770 for the first time in nearly three months on Friday. The US Dollar stays under heavy bearish pressure as investors cheer the soft US inflation report and heightened optimism about Chine easing coronavirus restrictions. The Consumer Price Index in the United States rose 7.7% YoY, down from 8.2% in September and clearly below the 8.0% consensus forecast. The CPI accelerated by only 0.4% on the month, down from 0.6% in September and core figures rose 0.3%, rather than the 0.5% expected. The highly anticipated economic release from the United States triggered a massive risk rally on increased expectations of a smaller rate hike by the US Federal Reserve in December. Markets now price roughly an 81% probability of a 50 bps December Fed rate hike vs. odds of about 55% at the start of the week.The US Dollar was heavily sold off into the softer US Consumer Price Index release, propping up Gold price to the best levels unseen since August 26. At the time of writing, the American Dollar is reeling from Thursday’s massive blow, allowing Gold bulls to take a breather