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XAUUSD (Gold) I Weekly outlook and technical analysisWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSD
by BKTradingAcademy
17
Gold -> Higher Timeframe Still BullishHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 The monthly timeframe on Gold is still looking quite bullish considering that Gold is currently retesting the 0.382 fibonacci retracement level in confluence with support at the $1930 level. The weekly timeframe is showing some indecision at the current weekly support area which means that sellers are currently not able to push price lower, so we might see a reversal here. The daily timeframe on Gold however is not looking bullish at all, Gold is still creating lower lows and lower highs which is a very weak sign so I am now waiting for Gold to shift back to a bullish market before I then do expect a next bullish wave on the daily timeframe. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:XAUUSDLong
by basictradingtv
55
Gold -> Testing PatienceHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Gold is still retesting a major previous weekly structure area which is now still turned support at the $1920 level. You can also see that Gold is retesting the 61.8% fibonacci retracement level and we are also having bullish weekly moving averages so there is still a decent chance that we will see another rejection towards the upside on Gold. On the daily timeframe however Gold just broke out of a bearish descending triangle which is always a continuation pattern so market structure is clearly bearish - therefore I am waiting for a break back above the $1940 structure zone and then I do expect another push higher from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
45
Gold -> Almost Breakout OutHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Gold is still overall in a quite bullish market despite the recent retracement since it is retesting support at the $1950 level. Gold also just retested the 50% fibonacci retracement level of the previous impulse and is now starting to consolidate at the current support zone so I am now just waiting for a bullish rejection and confirmation and then I do expect a rejection towards the upside. On the daily timeframe you can see that Gold is still trading in a quite nice triangle formation with the support level at the $1940 area, I am also on the daily timeframe waiting for a bullish breakout, then we will also have bullish moving averages and then it is very likely that we will see more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
57
Gold -> Forming The Bottom For The RallyHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Gold is still sitting at the previous resistance area which Gold recently broke towards the upside and is now turned support at the $1940 area. You can also see that overall market structure is still bullish, Gold also perfectly retested the 50% retracement level of the fibonacci taken on the last impulse, so from a weekly perspective I still do expect another rally towards the upside from here. On the daily timeframe you can see that Gold is still trading in the range with resistance at the $1980 level and support at the $1949 level so I am now just waiting for a break above the resistance and a retest and then I do expect the bullish continuation from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
43