XAU/USD Potential Forecast|HTF Analysis| Wednesday 26 April 2023Hi everyone!
-Update on Gold from the last time.
-Gold make some huge moves and make another demand zone below that can potentially hold.
-But it have a bigger DEMAND below him and a lot of liquidity that is resting.
-Follow what will happen on the market and don't depend just on demand use confirmations.
I wish you a good weekend
Goldusd
GOLD Dump SoonIn my previous Gold Analysis a couple months ago, I talked about the market structure of Gold which is indicating a big downward move soon.
So far, the market structure has failed to give any bullish signs while the bearish probability has been increasing in the meantime.
The wave count shown in the chart is my primary count for Gold. Bulls are almost exhausted and in the upcoming couple weeks, I would not be surprised if gold crashes.
Gold to find buyers at market?Gold - 24h expiry -
We have posted an inside Harami candle on the daily chart.
A clear sign of investor indecision.
A bullish reverse Head and Shoulders is forming.
Bespoke support is located at 1995.
The formation has a measured move target of 2041.
Dip buying offers good risk/reward.
We look to Buy at 1991 (stop at 1976)
Our profit targets will be 2028 and 2035
Resistance: 2010 / 2022 / 2041
Support: 1995 / 1980 / 1924
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GOLD AnalysisBased on the higher timeframes, GOLD can continue going short. Levels are marked. What do you think?
4/12 Gold will usher in a major opportunity today
Today is a very important day for gold. The result of the interest rate discussion will determine whether gold returns to 1935 or runs to 2050 or even a new high.Before the results come out, technical analysis is relatively easy to use. At present, 2008 has broken through and completed the conversion from resistance to support. The support for 2015 is still in the testing stage, and Asian and European trading is mainly long at low levels.
GOLD RALLY CONTINUESGOLD remains stable over 2000 USD mark, after reports that central banks are accumulating at fast pace from the precious metal. The biggest buyers of gold are the countries from BRICS, who are trying to go further away from US Dollar being their reserve currency.
Both MACD and RSI indicators are currently confirming the trend, with MACD histogram being above 0 line and RSI way above the 50 neutral line.
If the current trend continues, targets of 2120 USD can be expected.
As pivot point might be considered 1935 USD, and if the price goes below it, it is possible further down movement to 1885 USD.
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Gold is preparing for a nice move UP.Hello friends, I want to share with you my idea, how I see the movement up in the short term. It's a monthly chart. we are currently in the blue rectangle, as in the previous cycle.
Check out my other charts like silver. Silver will be a very interesting investment for me. I expect much more appreciation than gold.
Gold set to break resistance; $4878 possible this year? Gold is currently approaching its next Fibonacci resistance level of $2096. Once this level is convincingly broken, the next resistance levels will be $2272 and $2463. According to my Elliott wave analysis, gold has started its third impulsive wave, which is part of a higher degree third impulsive wave. These impulsive waves are typically the most explosive and long-lasting. Therefore, we can expect an exciting spectacle in the coming months. I do not rule out a short-term price target of $4878 within a year, as this price target is based on the 1.618 Fibonacci extension of the impulse wave 1 (Dec '15 - Aug '20). Lastly, the monthly chart shows a MACD crossover, which supports my bullish expectations. This typically indicates that the price of gold is expected to continue its upward trend.
GOLD BUYWelcome . According to my analysis of the gold market. There is a high potential for an upside. With a bullish flag break. It also broke a very strong resistance at the 2000 level, with a very positive green candle. Humiliation of the amount of buyers. We are waiting to see the level of 2080 in the coming days .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GOLD/USD: Upthrusting into the PCZ of a Bearish ButterflyGold is showing some MACD Bearish Divergence at the PCZ of a Bearish Butterfly while at the same time the RSI seems to be thrusting it's way upwards, but the thrusts we get up in price are shortening as we trade into the Pattern Completion Zone of this Bearish Butterfly. If things go as expected, we will see Gold reverse big from here and likely undo the entire uptrend.
XAUUSD (GOLD) Daily: 27/03/2023: Short opportunity!
Well, you can see the important supply and demand zones on the gold chart.
Also, we define two zones as an optimal sell zone:
1- 1964.61- 1970.1
2- 1985.53- 2003.1
In that case, we can define targets as follows:
1945
1934
1914
1907
1902
💥Important note: it's not investment advice, so do your own research.💥
💡Wait for the update!
🗓️27/03/2023
🔎 DYOR
💌It is my honor to share your comments with me💌