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Goldusd

Double top pattern on GoldHello traders, as you can see Gold printed a double top pattern witch is usually a reversal sign , it tells the end of a trend. However it is not good to make conclusions too quickly. The pattern is not confirmed until we see a truthfully breakout of the actual support. The most likely thing to happen it is to hold it and bounce back again. In conclusion: If the price holds the support i will open a long position with target 2000$ If the price breaks down the pattern will be confirmed and i will open a short in the retest of the broken support (1700$-1680$) with target 1470$ I will be glad to see what do you think in the comments and if you agree with me push the like button.
TVC:GOLD
by piccard54
9
1700 - 1705 Local BottomGold has ben in a continuous downtrend. which consisted of 5 downward impulsive waves. It is yet to be decided rather the impulsive waves are Elliot Impulses or Extending Diagonals. In case it is Elliot impulse waves, 1700 - 1705 is the region from where we should see a bounce which is the range of 100% extension of wave 1. In case we go lower, then it can be assumed that the impulsive waves of Extending Diagonals in which case we can see Gold anywhere below 1667$ which is the level of 100% extension of wave 3.
OANDA:XAUUSDLong
by syedhamza2135
Golds Run Is OverThere are a lot of predictions regarding gold and how it's going to start its bullrun and a move to 5000 in the next 1-5 years but I really don't see it that way. In this 6 month candle chart you can see that in the next 7days we will be closing and confirming what seems to be a potential "Gravestone Doji" signalling a trend reversal . Also we are inside a massive ascending wedge which is a bearish pattern and we have been in the monster 22 year run which hit 2.618 . So how far is gold going to realistically run? with the 4.236 extension not that far off. I just don't see it in the charts for gold. My bet is gold breaks down from here and goes back to 1.618 for a couple of years after its mega 22 year run like it did after the blow off top of 1980. It's 2022 not the year 2000, investors in this time period are leaning towards cryptocurrency more than gold , nobody has time for gold , silver on the other hand is looking a lot better.
TVC:GOLDShort
by Sporia
19
GOLD (XAUUSD): Key Levels to Watch This Week 🥇 Hey traders, Here is my latest structure analysis for Gold. Support 1: 1721.0 - 1726.0 area Support 2: 1677.0 - 1683.0 area Resistance 1: 1753.0 - 1768.0 area Resistance 2: 1780.0 - 1808.0 area As you can see, the market is currently trading on Support 1. I am waiting for a confirmation to buy to catch a pullback from that. Alternatively, its bearish breakout will trigger a bearish continuation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
9
Bitcoin support resistance in gold terms.There is confluence with the idea that we could see BTCUSD visit $16K levels (twitter). If that is the case, I would say high 16s would be the target. Possibly with a longer and fast wick mid 16s are plausible. But anything slower would breach the 300gr level ($16.6K at the moment) which would let the next level come into play. That is the 200gr level ($11K at the moment). When looking at this idea, the mentioned USD levels aren't important remember those fluctuate as the price of gold changes. So, we would be looking for the $16k and $11k support levels to shift upwards or downwards.
BITSTAMP:BTCUSD
by yalla-yalla-habibi
Gold Trend 14/07Gold rallied from a renewed 9-month low yesterday. The day began below 1730 at 1725, and the price stayed between 1720-30 before the US session throughout the day. Once the US released its inflation figures, the price dropped to the day-low at 1706 but buying quickly entered the market. The day ended at 1734, with the day-high reaching 1743. Althought gold touched a new 9-month low, the gradual downward slope on the 1-hour chart that has been trending in the past few trading days came to an end after the rebound yesterday. The buying above 1740 is still relatively weak; we can expect the price to be bounded by 1720-40 until the price can stand above 1740 comfortably to kick start the next uptrend. The first reversal signal finally appeared after the price touched the bottom of the downtrend channel(4) yesterday. The price defended the 1730-1800(3) range yesterday. For gold to start a decent rebound, it must close above 1740 on the daily chart in the next few trading days. S-T Resistances: 1755 1750 1740 Market price: 1731 S-T Supprots: 1730 1720 1712-15 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
TVC:GOLD
by 1uptick
Gold Trend 12/07 - 15/07Gold bounded in a tight range yesterday. The trading started at 1741. The price has continued to sink toward the day-low at 1731 throughout the day. The day ended at 1733, traded in a USD 13 range. Since the rapid drop slowed down last Thursday, the price has settled between 1730-50(1) in the previous 48 hours. If the price clears the support at 1730, the downside target remains at the 1700-10 support zone. A reversal signal has yet to appear on the daily chart; therefore, the downtrend channel(4) is still dominating the trend. If the price breaches the 1730 support, the daily chart's downside target will be at 1680. S-T Resistances: 1755 1750 1740 Market price: 1731 S-T Supports: 1730 1720 1712-15 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
TVC:GOLD
by 1uptick
Gold Trend 13/07Gold hit a new 9-month low yesterday. The day began at 1733; the price briefly touched the day-low at 1722 and the day-high at 1744 early in the Asian session. Throughout the trading day, the price has bounded by 1725-35, with the day ending at 1725. The price has tangled around the critical support of 1730 in the past 72; the trading atmosphere is like when the price tested the support at 1820(1) a while back without a clear breakthrough. The price finally passed the 1730 barrier yesterday; technically, we can expect the price to sink further in the next 48 hours. But, one thing bore in mind: the US will release its CPI figures today. Previously on the day(June 10th), as the US released worse than expected CPI figures, gold climbed more than USD 20 with a daily fluctuation of more than USD 50. 1710-00 remains the downside target for now, where prepare for a rapid price change at the time of the release of the figures. The overall pattern hasn't changed much on the daily chart; the downtrend channel(4) is still dominating the structure on the daily chart, be patient for a reversal signal. After the price clears the support at 1730, technically, we can expect a new low in the next two days. S-T Resistances: 1750 1740 1730 Market price: 1726 S-T Supports: 1720 1712-15 1708 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
TVC:GOLD
by 1uptick
Trade of The Week | Classic Breakout & Retest Trade 🔥🔥🔥 Hey traders, Gold is trading in a bearish trend since March of this year. Being bearish biased, I was constantly looking for shorting opportunities after pullbacks. This week, the price broke a horizontal key support and then retested that. On a retest, I spotted a double top formation. I opened a short position after a confirmed neckline breakout. Then the market dropped sharply. 360 pips of a pure profit was made. Did you catch this trade? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5