Goldusd
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD have chance to long term BULLISH# Disclaimer on, just sharing not advise to buy or sell
I open the chart in very high timeframe which is you can see above in 3 Month. So as you can see long term investment in Gold actually in Bullish Trend although a few times before actually GOLD move in ranging price between 1650 until 2000. But, in the ranging market I believe that the continuation of the market it can be either bullish or bearish after that. Then I have to looking for higher timeframe to see the helicopter view of the market. As you see above the price make a cup handle patterm which is the continuation to become Bull market. Target price of GOLD that I believed is around 3400 $/oz.
GOLD DUMP TO 1780 ? Gold has been going up non-stop after breaking a 250-day downtrend. If we look at the global situation, the people will be given relief due to inflation, which will also affect the price of gold. Kenya has claimed that our country has twice as much gold reserves as there is gold in the market, and if that happens, gold will crash.
GOLD Weekly Volatility Analysis 9-13 Jan 2023 GOLD Weekly Volatility Analysis 9-13 Jan 2023
We can see that currently the implied volatility for this week is 2.25%
With this in mind, currently from ATR point of view we are located in the 0th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
*For calculations, I am using the data since 2022*
Bullish: 1.6% movement
Bearish: 1.8% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 22.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1910
BOT: 1821
Taking into consideration the previous weekly high/low, currently for this candle there is :
79% probability we are going to touch previous weekly high(already done)
29.27% probability we are going to touch previous weekly low
Lastly, from the technical analysis point of view, currently from
Daily timeframe indicates 92.86% BULLISH trend from the moving averages index
Weekly timeframe indicates 92.86% BULLISH trend from the moving averages index
Monthly timeframe indicates 92.86% BULLISH trend from the moving averages index
XAUUSD (GOLD) TF W: 14/12/2022
It's weekly chart, so it's for long-term view.
As you can see, chart is potentially bullish.
If price can stay above 1808, we can expect price rise to 1851 and then even go above 1879 to collect liquidity.
💡Wait for update!
🗓️14/12/2022
🔎 DYOR
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GOLD (XAUUSD): Time to Sell!🥇
Gold reached a key weekly structure resistance.
The price formed a double top formation on that on 1H time frame and closed below its neckline then.
I expect a bearish movement to 1866 / 1861
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Gold (XAUUSD): Detailed Technical Outlook 🟡
Hey traders,
Here is my multiple time frame technical outlook on Gold.
Analysing a weekly time frame, I spotted a solid horizontal supply area.
1870 - 1920 is the zone from where a bearish wave may initiate.
On a daily time frame, the price is steadily growing within a rising parallel channel.
For now, I would consider trading its boundaries: selling its resistance and buying its support.
Alternatively, a bearish breakout of its support may trigger a massive sell-off.
I will post an update once I see a decent confirmation.
Good luck next week!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
🥇Gold🥇 Analyze (Short term, 01/06/2023)!!!It seems Gold is making the rising wedge.
I published two positions with you (Long&Short).
We must find a trigger to open a short position (carefully).
Gold Analyze ( XAUUSD ), Timeframe 15min⏰.
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.
🥇Gold🥇 Analyze (Short term, 01/05/2023)!!!Gold reacted well to the heavy resistance zone.
Gold is moving in a descending channel after reacting to a heavy support zone.
From where we can see a regular divergence (RD-) between the MACD indicator and Gold price, and also in the RSI indicator, a head and shoulders pattern was formed, and it is expected that gold will decrease at least after the breaking of the uptrend line to the support zone and support lines.👇
Gold Analyze ( XAUUSD ), Timeframe 1H⏰.
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.
Gold (XAUUSD): Time For Correction! 🟡
Gold is trading within a rising intraday parallel channel.
Approaching its resistance, the price formed a double top pattern.
It will most likely initiate a local correctional movement.
Goals: 1832 / 1820
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold (XAUUSD): The Structure to Watch 🟡
Hey traders,
Gold keeps growing.
Analyzing the key levels on a weekly time frame, I spotted 1870 - 1920 area.
It is a major supply zone from where we will expect the next pullback.
Patiently wait for the test of that area and then wait for a confirmation to sell.
I will post an update once I spot a confirmation.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.