XAUUSDHi traders, GOLD watch price to go around our mentioned area and look price action with your according strategy on the top for a short position opportunity GOOD LUCK.
Goldusd
Gold Trend 17/11Gold was again rejected by 1785 yesterday. The day began at 1778; the price was bounded by the 1770-80 range throughout the Asian & early European sessions; it jumped to the day-high near 1785 before the US session. The price stayed above 1780 for a few hours but pulled back at the US session opening. The day ended at 1773, down by USD 5.
As mentioned yesterday, selling resistance is strong above 1780(2). The trading range of 1770-80 lasted until the price cleared the support(3) early today. As the price escaped the uptrend channel(1), an S-T consolidation period should begin—the downside target set at 1755(4) for now.
An S-T peak has occurred after the price breakout from the 5-day MA support on the daily chart. 1746 is the 23.6& retracement following the 38.2% target at near 1722.
S-T Resistances:
1780
1775
1770
Market price: 1763
S-T Supports:
1760
1755
1750
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long goldtrend is bulish And this risk is low for this orderblock
we have liquidity and sell stop and we enter after hunt liquidity and long in 15 min ob+
Gold Triple Top patternAs you can see in the chart, gold has printed a triple bottom pattern that usually signals the end of a downtrend.
It broke out from the resistance area and closed a few days over it, that means that the pattern is confirmed.
Now I expect a pullback till the previous resistance area(1730$) to be produced, It is a classic retest of the breakout point that could be a great long opportunity.
I will consider to enter a long at 1730$ with an stop loss order at 1683$ and if it goes well I will keep locking profit during the uptrend with main target the previous long term high 2070$.
I would be glad to see what do you think in the comments.
GOLD (XAUUSD): Detailed Technical Outlook🥇
Daily / 4h time frame analysis on Gold.
Price action, key levels.
Potential scenarios.
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Gold Trade into range zoneI expect Buying accumulation until the late Hours of the U.S. session (probably around #1,780’s followed by a sharp Bullish upswing towards #1,800.80 benchmark).
XAUUSD is going to break down the channel XAUUSD is goin to break down the channel
price was in a channel so now .. it ll break down the channel
like follow for my support
Gold Trend 16/11Gold renewed the 2-month high yesterday, but the selling pressure was intense. The day began at 1771; the price was bounded in a tight range between 1766-74 in early trading. It tried to clear the resistance at 1780, touching the day-high at 1786 at the US session opening. The day ended at 1778, up by USD 7.
After three attempts(2) yesterday, gold failed to clear the selling resistance above 1780. A horizontal range(3) has formed on the 1-hour chart. For the uptrend channel to stay in effect, the price must stay above 1770 in the European session and later jump above 1780 in the US session. If the price fails to do so, it will signal the bullish momentum slowing down, leading an S-T to consolidate toward 1750 in the next 24-48 hours.
It will be the first sign of the trend reversing if the price close below 1771. Also, pay close attention to the 5-day MA; if this support clears, a consolidation toward 1730 may happen.
S-T Resistances:
1785-87
1780
1775
Market price: 1771
S-T Supports:
1765
1760
1755
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Gold: Roaring TwentiesAre we repeating history and reliving the Roaring Twenties or should we call it the Golden Twenties? Gold is currently channeling all its power and following an upwards slope. Pushing up north, we're expecting the trend to stay strong to work its way above the resistance at $1824. Primarily, Gold should continue to move north as long as it remains above the $1739-mark.
Gold next movegold will fake out around the orange box above. after this he will return in the blue box under the small orange one. here he will trigger people stoploss and rise quickly. then we will see the big orange box and finally the pink line.
there is a chance that he will fake out down and go to the blue box above the small orange one. here will form the same situation as above but in reverse.
the situation where we rise is the most obvious
GOLD (XAUUSD): Key Levels to Watch This Week🥇
Here is my latest structure analysis on Gold
Support 1: 1753 - 1765 area
Support 2: 1725 - 1735 area
Support 3: 1664 - 1675 area
Support 4: 1614 - 1622 area
Resistance 1: 1801 - 1808 area
Resistance 2: 1856 - 1879 area
Bulls has recently broken 1753 - 1765 area to the upside.
For that reasons, bullish bias remains.
Watch the underlined structure carefully and look for pullback / breakout trades from there.
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Gold Trend 15/11Gold reached a new 2-months high yesterday. The day began at 1765; the price rallied toward the day-low at 1753 throughout the Asian and European sessions. As the market approached the US session, the buying resumed. Gold reached a new 2-months high at 1775. The day ended near 1771, unchanged from the day before.
The trend remains upward on the 1-hour chart as the price is still running within the uptrend channel(1). The S-T upside target sits at 1780(2), aiming to touch 1800(3) later this week.
The bullish trend started after gold escaped the downward wedge pattern(4) last week. The reversal signal has yet to appear on the daily chart, while the price has been closing near the day-high without any signs of profit-taking and short-selling in the last few trading days. Expected the upwardtrend to remaining, target Aug's peak at 1800-05.
S-T Resistances:
1785-87
1780
1775
Market price: 1771
S-T Supports:
1765
1760
1755
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🥇Gold🥇 Analyze (11/14/2022)!!!Gold was able to make a Head and Shoulders Pattern near the resistance zone.
I expect Gold will go down to the support zone after the previous bullish rally it had.
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.
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GOLD Weekly Forecast 14-18 November 2022 GOLD Weekly Forecast 14-18 November 2022
Currently the implied volatility for this asset is around 2.5%, down from 2.53% of last week.
From volatility percentile, point of view, we are currently on 34th from ATR and 60th from GVZ index.
With this volatility percentile values into account we can expected on average that the weekly candle is going to be:
1.7% for bullish
1.8% for bearish
With the current IV, we can expect with a 77.7% probability that the market is not going to close either above or below the next channel:
TOP: 1816
BOT: 1726
Lastly, based on previous calculations, we have:
70% to hit the previous weekly high of 1773
30% to hit the previous weekly low of 1666
Gold in Trend, but watch outFolks,
Morning. Been a while, since I have been here. I strongly believe GOLD will be the best performer in 2023. But we have to be bearing a little more patience.
We have seen a strong breakout (still going) but with a possible bounce from support in DXY, GOLD could be ready for a pullback. I will not be surprised if we see a little more upside in GOLD.
I have been missing out this breakout, so i personally wait for it's 50% pullback to be ready for a 2nd leg and then holding on for my longs in 2023.
NFA!
GOLD AnalysisGold is looking bullish this week, standing at the strong daily support area with a bullish divergence at 5min TF.
Bullish Signals:
1. HHs & HLs
2. Strong Support area at 1760
3. 0.5 & 0.618 Fib Support
4. Divergence at 5min TF
5. DXY Bearish Divergence 5min TF
Gold (XAUUSD): Bullish Rally Continues 🟡
Hey traders,
Gold is unstoppable.
The market keeps breaking horizontal key levels on a daily.
Confirmed violation of 1758 - 1765 resistance on Friday,
makes me think that the market may go even higher.
Next resistance: 1800 - 1807 area.
The market looks quite overbought to me, I would suggest buying only after a pullback.
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SENARIO 1 GOLD ( XAU USD) 4H LONG ( 11.09.2022)A return to correct and breathe and start the third ascending step
The final goal has been determined, but at first, avoid risk and save profit.
The ultimate loss limit at the beginning of the second step is bullish and after that the sentiment will most likely be bearish.
GOLD XAU STAGE IS SET FOR GOLD Hi,
I'm taking a long here. Gold is set and ready for a rally.
Lets take gold back to $1700
and price is ready and price action screaming buy.
But, I'm expecting gold to strike $1900 in coming months.
Let nail it together.
Gold - Short paper gold, long physical metalTwo weeks after our last update, we still remain bearish on gold in the short term and expect it to hit 1 600 USD. Our view is based on a combination of fundamental factors like high-interest rates, strong U.S. dollar, and more economic tightening in the foreseeable future. Despite that, we remain bullish on gold in the long term and believe it will provide a great buying opportunity in the coming months. With that being said, we are long physical metal and short paper gold.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish.
Illustration 1.01
Illustration 1.01 shows the daily chart of XAUUSD and the sloping resistance connecting March 2022 high and April 2022 peak. Yellow arrows indicate bullish breakouts above the resistance and subsequent invalidations.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are all bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
GOLD (XAUUSD): Important Update & Things to Watch 🥇
Multiple time frame analysis on Gold.
Price action, key levels.
Potential scenarios.
Trading recommendations.
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Gold Daily OutlookGold halted its three days rally ahead of US CPI data. US stock markets lost their shine after Republicans gains modestly in the Midterm election. Any weakness in US inflation will push the yellow metal further higher. The US dollar index pared some of its gains after hitting a high of 110.64.
Gold has an excellent catalyst for upsideW Formation is forming nicely on Gold and we are just waiting for a breakout.
There are MANY elements to include in this analysis.
1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up.
2. The downtrend has broken and the price has entered into a bull market.
3. Investors are most likely going to a safer haven since the Binance VS FTT Soap Opera drama shook the crypto world where the coin dropped 80% sending Bitcoin and Ethereum 15% and 17% down in just 24 hours. This has spooked the market and has most likely scared investors back to gold.
I'm waiting for a breakout $1,740 but have a bullish bias
Target $1,840
Your thoughts?
