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Goldusd

Gold wave structure breakdownSince Nov,22 GOLD has been running upward like rabbit getting everyone's attention. But these big hops are not going to last much longer, and eventually the rabbit is going to go down to its black hole in ground. The market always completes its cycle, and let me break the bad news, the cycle is not over yet. The chart shows my main wave structure on Gold. The most recent downward wave A consisted of 5 wave structure indicating the correction is most likely gonna be a zig-zag. The breaking of this fractal of wave 4 ending point shown in the chart below was the confirm that no matter how high we go afterwards, the damage has been done and correction has started. The swift selling at the end of last week can be an indication that wave B has ended, but it cannot be said with certainty for now since there is always room for opposite move even when you are certain there is none. 0.5 fib level seems like a good zone for the price to rebound by the end of year, otherwise 0.618 fib level also has good structure support to push the rabbit out of its hole towards the sky.
OANDA:XAUUSDShort
by syedhamza2135
Gold has broken resistance line and can continue to move upHello traders, I want share with you my opinion about Gold . Watching the graph, we can see how the Gold has tested the resistance area 1855-1860, from which it bounced and fall to the buyer zone. After the buyer zone retest, the price begin to move up and broke through the resistance level 1820. Currently, the price has broken through the resistance line and is trading above. Gold can continue to rise and break through the next resistance level . I think the price after a possible breakdown of the resistance at level 1845 can continue to move up and reach the resistance area . Based on the above data, targets for Gold , I see at level 1845 and inside area 1856-1860. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
12
Gold break support area of wedge and can contonue to fallHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price of Gold has been declining for a long time in the downward trend. Reaching the level of 1805 price bounced back and begin to rise. After breaking through the resistance level 1830, Gold continue to rise and thus formed an upward wedge. The price tested the seller zone, from which it begin to decline and broke through the support area of wedge. We can see the Gold leaving the wedge and I think the price may continue to fall so, I set 2 goals at the level 1840 and support level 1830. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
14
GOLD - Good Opportunity Hi, this is my new update for GOLD. In the month of February gold lost 8% of its value, but I think that was a healthy correction to get a bullish momentum in March. We tested big support level around 1800 - 1820$ and the same time we also tested 50 and 100 weeks moving averages and those levels helped us to get big bounce and break the down trendline channel. Right now we are going to test both the resistance 1858 - 1864$ and the 50 days moving average. I expect we are going to get a temporary pullback from the resistance and perhaps it is going to be the last accumulation for the traders and after that we are going to break those levels. It has higher probability that we are going up, since we have two beautiful gaps that we have to fill.
TVC:GOLDLong
by GOAT1375
Gold after retest support level can start to growHello traders, I want share with you my opinion about Gold. When observing the graph, you can see how the price fall for a long time and as a result formed a downward wedge. The price of Gold subsequently broke through the resistance line of wedge and begin to move uphill. Currently, the price is above the support level 1820, but can go lower and test it. After a possible retest of the support level, the price can continue to move uphill. I think Gold can break through the resistance area and continue to grow. So, I see targets for Gold in the resistance area 1845-1855 and in the seller zone of 1875-1890. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
14
🥇Gold🥇 Analyze [Road map!!!🗺️(02/17/2023)]To analyze the chart of gold, it is better to start from the weekly time frame so that you can have a better view of the 🗺️Gold road map🗺️, so I suggest you pay attention to the chart below for a few seconds.👇 Now let's go to the Gold 8-hour time frame that I shared with you a few days ago; Gold ran through the zigzag(ABC) corrective structure as I expected.👇 Now, to make sure that the zigzag correction is complete, we go to the 1-hour time frame; as you can see in the chart of this post, microwave 5 of microwave C of the main wave 4 in PRZ seems to have been completed. To ensure the end of the main wave 4, it is better to wait for the downtrend line to be broken in a valid way. 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
j.Hejazi | Gold Channel: Targets AheadAfter reaching the support level of 1830 and being rejected, GOLD formed a price channel. It appears that gold is poised to climb up and retest the resistance level of 1861.10, which happens to be the top line of the channel, a supply zone, and the location of the 50 4-hour moving average. Based on this, I anticipate that gold could move towards the targets of 1820.250 and 1790. --------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:XAUUSDShort
by Candlestick_OB
Gold bias remains negative.Gold - Intraday - We look to Sell at 1881 (stop at 1896) Posted Mixed Daily results for the last 6 days. Intraday, and we are between bespoke support and resistance 1843-1882. A sequence of intraday lower lows and highs has been posted. We have a 78.6% Fibonacci pullback level of 1881 from 1890 to 1850. Preferred trade is to sell into rallies. Our profit targets will be 1843 and 1835 Resistance: 1881 / 1882 / 1890 Support: 1850 / 1843 / 1835 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA