Gold could possibly continue with it's bullish pressure all weekGold seems to be verify bullish this session, looking for a pullback to my 15M Gap for a possible entry.
Need to see some type of bullish rejection pattern such as a hammer.
Note: Gold could possibly continue with it's bullish pressure all week, it's the first bullish monthly candle in over 5-6 months.
Goldusd
Gold Road Mapping IdeaGold has been in a pullback ever since it hit new low at 1615, still very bearish in higher time frame.
Fundamentally central banks are going to continue to rate hikes and decrease the economic activity.
Sells at 1680 or breaks and retest below 1657.
Would only buy if we broke and close above 1680 and head to better SELL PRICE POINTS.
Trade safe.
LOOKING TO BUY GOLD ON PULLBACKThe market opened pretty bullish today and broke minor structure on the H1 to the upside, A slight gap was created in the market and I'm looking for a pullback to the area before entering long, Looking to see a hammer pattern or similar bullish candle stick pattern such as a tweezer bottom, morning star or bullish engulfing.
let's see what happens.
GOLD | OCTOBER FORECASTThe precious metal has a bad history of performing in Oct. For the last ten years; (2012 - 2021)
Bulls came out as the winner: 04
Bears came out as the winner: 06
This Oct'22 will remain bearish so sell on strength should be adopted.
As far as chart patterns are concerned, Gold has formed a double top near 2070 and just recently broke the all-important neckline support of 1680. The long-term target will come out to be 1300.
Trade your levels accordingly.
Gold : Intraweek Technical AnalysisIn previous week we were at the same point in gold where we are in SP500 now, there was not any support below 1660 and we were looking for a strong support below 1660. Now we are looking at a clear morning star formation on gold in weekly time frame. Which indicates an upside move towards 1700 which is the first resistance ahead.On daily time frame we are looking at three consecutive bullish candles with a morning star formation at the bottom. Which indicate the momentum can continue in coming week. In coming week we are looking at resistance found at 1675 with support at 1616. As the overall trend is reversing on higher time frames so we will be looking for long positions only . the adjacent support is at 1660 and 1645 from where we can expect long positions with intraweek target of 1675 and 1700 if the 1675 level is broken.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
GOLD BEARISH OCTOBER (YES/NO) $$$I think gold is at a turning point right now where it's either a make or break. If gold closes below the neckline on the monthly chart, expect a very bearish price action in October; however, if it closes above the neckline, we might consolidate and stay afloat for some time but it sounds inevitable with the rising interest rates and the hawkish stance of the fed.
Gold Analysis and Trade Idea for 30-09-2022Plan A
Sell stop: 1658.00
SL: 1670
TP1: 1652
TP2: 1646
TP3: 1640
Plan B
Wait for candle chart to give indication of going up over 1660.
1660 is a defining point.
Long Gold: Wait for next call
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00
Bearish
- Current price is 1660, weekly high pressure
- Mostly news are coming bad for gold
- Gold is bearish, according to the daily chart.
- Monthly candle is overall bearish and can slip further down.
Bullish
- As Per 4H chart Gold can move further up
- Gold is above 200 SMA
- 1670 Strong resistance level
Gold short trade updateIn this video, I'll go over just a quick recap of a trade I took earlier, you can find it in my trade ideas, I do go over my reason for taking the trade.
DISCL⚠️IMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Gold Trend 29/09Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with the day ending at 1659, up by USD 31.
The S-T bearish trend has ended as the price trades again above the critical 1650 support. Before it clears the current resistnace at 1660, the price is now trapped in the tight range of 1650-60(1). If the market picks up the bullish momentum later in the European and US sessions, the upside target can again be set at the upper limit of the 1660-90 range.
The gain yesterday formed a clear reversal signal. The following key resistance is now sitting at 1665(4); once it's clear, the upside target can be set at the upper limit of the downtrend channel(5) or the 20-day MA (6).
S-T Resistances:
1676
1665
1660
Market price: 1653
S-T Supports:
1650
1640
1630-28
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think!
P. To
Gold Trend 27/09 - 30/09Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622.
The overall trend in the 1-hour chart is now bearish after the price cleared the 1650(1) support last Friday. Selling momentum so far isn't too strong; an S-T downtrend channel(2) has been formed. Before the price consolidates further, clearing the support at 1620, the downtrend channel(2) can be used as a reference while trading with the 1620-50(3) range.
While the downtrend channel(5) still affects gold's movement, the price has been moving lower tier by tier(4) on the daily chart. The range for each tier is approximately USD40 in the past 4 weeks. Expect the price to be bounded between 1610-50(4.1) temporary before the next move for now.
S-T Resistance:
1650
1645-46
1638-40
Market price: 1633
S-T Supports:
1630
1624
1620
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think!
P. To
a re-visit on gold gold is holding very strongly with a massive healthy wedge forming possibly on top of a multi-year cup and handle - if my autism is calibrated correctly, we are looking at a minimum of $2700/oz for our favorite shiny boomer rock
inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and save the economy in nominal terms? gold under 2k in today's economic climate seems silly cheap in any case.
GOLD (XAUUSD): Key Levels to Watch This Week 🟡
On a today's live stream, we discussed Gold.
Here is my fresh technical outlook on that:
The price is currently stuck on a broken falling trend line.
It is a minor support from where the market may slightly recover.
The closest resistance that I see is 1680 - 1697 horizontal supply area.
A bit higher, we have an upper boundary of a falling parallel channel.
These 2 structure compose a contracting sell zone from where I will expect the next trend-following move.
The closest minor support is a lower boundary of a channel.
Being reached, I will expect a pullback from that.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GOLD SHORTd; bearish got rejected from the daily s/r zone
4h; bearish and its done retracing
confluences;
break the structure with a heavy momentum
break the support zone
below the emas
trading with the big trend
1h ; below the emas
breaking with an engulfing candle and that would be my entry
SL; above structure
TP; next tp
GOLD another snipper entry opportunity!!GOLD 4h in the first session of the week, has broken down as expected from the previous support after the liquidity grab. In the first session, the price is printing a bearish candle that has a very high probability to continue to drop as the long-term trend is down, such a bearish candle with liquidity grab below the weekly support zone signaling us to take a snipper entry!
GOLD H1 : DOLLAR NEWS ?Hi traders, GOLD is setting up for a downside move it's trying to create a traingle. If traingle get's break for upside then price can drop from the upper mentioned area.
Remember today is a dollar FOMC and others news, so be careful anything can happen my analysis is not combined with fundamental this is just a technical view GOOD LUCK.
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M45
According to the Pattern in Long Time Frame #LTF H2 we have Bullish Channel and its Rejecting from the Lower Trend Line #LTL
It is also following Bullish Channel in Short Time Frame #STF
Buying Divergence in RSI
We need Rejection from 1632 - 1624