GoldViewFX updated LEVELS and TARGETS$$We had a great start to the week and our analysis played out perfectly!!
Price supported well at the bottom of this Goldturn channel and now heading towards the top end of the channel 1826 and above. There are some strong Goldturn resistance levels on the way up, however we will be observing how EMA5 crosses these levels to secure the next level.
GOLDTURN RESISTANCE
1826
1833
1846
GOLDTURN SUPPORT
1820
1814
1805
1800
1795
1788
We are looking for some retracement down to 1805 and need this area to be supported, as the support levels are rising and helping price find support earlier, each time we climb up this Goldturn channel. Our followers will notice we draw our channels using Goldturns and not many do this. Its been very unique to us and the results speak for themselves.
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GoldViewFX
XAUUSD TOP AUTHOR
Goldtradingsetup
Simple analysis - Potential BIG tradeSometimes we need to make the chart as simple as possible to understand the market direction. I only use one minor trendline and one support line in this analysis.
So far, the price has already breakout and closed below the "red" line, a pretty strong indication that the market potential will be falling deeper to retest the 1760s neckline.
Tomorrow Fed Chair Powell will testify, and also we all waiting for the high-impact US data to give us more clues about the next direction of the gold price.
Catalyst:
- Fed Chair Powell Testifies
- CPI
- PPI
- Sales data
- Unemployment
- Bonds auction
Invalidation:
- This analysis fails if the price breakout and close above the "red" line
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold is still in an uptrend as long as above the $1760Gold's bullish mode is still in control as long as gold price holds above $1760, from the present rate near $1,793/1795, a vital resistance zone.
The risk-off mood driven by the U.S.U.S. dollar retreat is aiding their bounce for gold prices. However, it would seem unlikely that we can expect further upside amid recent strength seen with Treasury yields and indices across Europe, but it needs to break above $1793/1795 first.
In addition, optimism surrounding the new Omicron covid variant combined with China's latest support measures bode well financially and economically. Because it should spark growth even more so, which will lead us towards stability sooner rather than later.
The latest U.S. Unit Labor Cost data will be a crucial indicator for gold this month. Of course, the covid updates and yield price action have been influencing its value recently, but now it's time to see what impact these events can make regarding labor costs as well.
Technically still in uptrend though gold price broke below the long-term channel support last week, the U.S. negative labor market report helped gold bounce back above the trendline support.
From the present rate, strong support identifies at the $1760 zone. Breaking below $1760, we may see another gold rally to the downside. Therefore, our 1st target to the downside is the $1725/1720 price zone, and the final target is the $1680/1685 price zone.
On the other hand, breaking above $1793/1795 will open the door for the more strong uptrend. Usually, after mid of December, gold often rises till March.
If gold price breaks above $1795, our 1st target to the upside is $1810/1815 price zone, next target $1830/1835 price zone, and final target $1870/1875 price zone.
If you think this analysis will help you, let's like, comment and share.
GOLD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLDVIEW BULL TARGETS OPENWe have drawn our support and resistance levels using our gold turns. We can see areas of support for retracements, which we will look to add to our longs and close and shorts. We are looking for these levels to be tested with EMA5 for further confirmation. We already have advanced signals confirming these moves from last week. We are now breaking down these levels and identifying areas of retracements for entries and exits. 1868 has been broken with our EMA5 and confirmed with candle body close confirming 1878.
We keep saying this and we stick by it, a simple trading strategy applied consistently with some strong money and risk management is what you need to make consistent wins. DO NOT OVER COMPLICATE IT!
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GoldView
GOLD retest and bounce to the upside!! (AN UPDATE POST NFP NEWS)1. As expected in my previous analysis,
we were expecting a clean BO to the upside.
because what drives the market like this?
that's right, major news like NFP does.
2. Previous higher time frame candles closed were
very bullish. that gives us conviction to go long
on this pair.
3. NFP news was bad for the USD
4. Price established a good support at 1807 area
in the previous day.
5. I'd also like to point out on the previous day, price wasn't able
to continue the momentum to the upside indicating that
big guys were waiting for the news and it's typical for the
gold to react this way a day before NFP.
6. With this, I'm expecting the price to drive higher past 1830 level.
GOLDAs we can see, price fell this past week because of an order block (which was signaled by the manipulation that occurred at around 1830). Price then brokedown and came back to retest the Order block zone, giving us confirmation and an opportunity to open a position. An order block has been formed again on the M15 and I'll be waiting for price to retest the Order Block zone (at least the 0.5) before going long to give me a RR of 1: 13... Im open to any movement though. I respond to price not predict it.
*Disclaimer*
This is not financial advice. Forex trading is very risky. Trade at your own risk.
#Trade_Like_A_Magnate
XAUUSDAccording to Gold daily chart the bearish trend has been started a few days ago which has retraced about 23.6% of the bearish move.
It is also dealing with its 20 moving average and if Gold could break this MA the Price would move down to 1848.33 which might be the first support .
If Gold would break this support level the bearish trend continues and next Moving Average which is 200 will be another support level for it.
According to the previous bearish trend which happened to Gold another support level for cold would be about 1764.60.
.
Therefore the Stop Loss in this Short position could be somewhere around the previous top which is about 1951.87
.
Please share your ideas in the comments
XAU LONG, TARGETS 1950-2000+, CUP AND HANDLE PATTERNHello,
I wanted to do a technical analysis on gold from my point of view.
After creating a double bottom at previous support and going up, now price sits at downtrend line.
Formed the cup part of the chart pattern, now from here we can see a small pullback to 1850 area (this is where I would buy gold or long it as can seen on my chart) to form handle part, and start a bullish rally upwards, to first strong resistance at 1950 (which is also the handle length target). According to cup and handle pattern, then it should reach to 2000 afterwards.
TA is very bullish, and fundementally gold prices are expected to go up too, in my opinion.
Good luck, follow me for more setups and cheers.
XAUUSD (GOLD) BUY from key level hello friends as u can see our previous entry on gold from 1680 area and we are still holding those entries with revised @SL for long term
Gold has closed on Friday above 1720 levels which had already achieved our TP1 on previous analysis now gold best buying entry levels are near 1700- 1710
this will be a safe buy for those who had missed entry from 1680 Friends we love and appreciate ur support to the channel
Push like and comments Follow us for more updates
XAUUSD (GOLD) SELL FROM KEY ZONEAs i am watching this pair we already achive TP-1 on our previous analysis @1797
as i told u you guys after breaking strong support zone @1850 which was the most important level
for gold now it become a resistence and we are expected a retrace till 1825 -1830 zone and after that gold will start
drop again till new given Tp Friends push like and comments Follow us for more updates
XAUUSD SHORT OPPORTUNITYLeave a like to support the idea and follow us for more free signals analysis
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Is Gold Ready for a retracement to retest the H4 Trendline?It was a long wick H4 pin bar candle when it tests the 1818 zone, a strong indication of rejection. Currently, I believe Gold needs a retracement based on technical analysis.
Catalyst:
This week
- US Jobless claims
- US PPI
Next week
- CPI
- Treasury Currency Report
- Sales data
- G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.