GOLD (XAUUSD): 2 Scenarios For Next Week Explained🥇
Hey traders,
Gold reached a strong horizontal demand area on Friday.
The price bounced nicely from that.
Analyzing a current perspective I see 2 potential scenarios for next week:
Remember that technically speaking gold is trading in a bearish trend.
For that reason, be prepared for a breakout attempt of 1780 - 1787 area.
If the price closes below that zone on a daily, I will expect a further decline to 1758 level.
On 4H time frame, lower highs are perfectly respecting a falling trend line.
If the price breaks that trend line to the upside next week, I will expect a bullish move to 1850.
As always, breakout trading is the safest strategy to follow at the moment.
What do you expect?
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Goldusd
Gold : Intraday Technical AnalysisGold Intraday Technical Analysis:
The yellow metal is in a downward spree for the past couple of day as per fears of recession in the US markets. I only buy in such market conditions. My idea is to accumulate in small lots on daily supports. Next buying level is 1780. After which I will be looking for 1767. And then 1753 and after that 1726. I am managing my account so that I can take entries on all these levels.
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 Roadmapping IdeaHave been playing this bearish structure as per my last few ideas. Finally reached the previous 4 hour low and broke below it easily. End of the week and new quarter starting, safer to trade next week as we wait to see how price reacts at these lows. Safe buys above 1820 so other than that super bearish below 1812.5. Trade Safe.
Gold Roadmapping IdeaLast night gold broke above 1820 and flew to 1830's, as I was bearish, I preferred the sells from 1830 back down to the lows. Gold still seems bearish so SAFE buys only above 1828, if we maintain below 1820 and 1828, big chance we reach 4 hour low before any major shift in trend.
Gold Roadmapping IdeaGold has been in a steady downtrend with Bullish moves being corrected fully. You can play these short-lived buy bounces but it's risky. We have just broken below 1820 and melted to 1812.5 a key level, close to the fed rate decision price. Fail to break above 1820 and we could see more downside specifically around 1808-1803 areas. Break above 1820 and we can head towards 1828 which is a make-or-break level as if it doesn't break the trend, more downside to come. Safe buys only above 1828, the 1820 buys are RISKY. Trade safe.
GOLD weekly chart is showing a monster Bull PennantGold weekly chart. the first thing i see is the chart
is its a huge Bull Pennant and reading Classic bullish diveregence.
thats when
there is a higher low on price and a higher low on
RSI...listed in green are the next resistance/price target
and Red lines show support/price drop.
The weekly chart always shows the overall health
of any asset, and to me, Gold looks slow but healthy
and will just take time, or could explode if they allow
the chains to be broken so it can do its thjng.
Swing Trade Opportunity in GOLD ? Looks interesting!MCX:GOLD1!
TVC:GOLD
Hello Traders,
I see a good swing or small term trading opportunity in Gold at current price.
UPSIDE resistance is around Sell zone between 1879 - 1919 with SL below 1780
This is not a buy/sell recommendation, but my personal views. You're solely responsible of your profits n losses.
Regards,
Anshul.
Gold Analyze (Short term/ Falling Wedge)!!!GOLD was able to break the upper line of the Falling Wedge Pattern and I expect that GOLD will go up to 1834$ .
Gold Analyze, 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 Trend 30/06Gold was choppy yesterday. The day began near 1819. The price had tested the 1820 support in the Asian session and eventually touched the day-low at 1811 at the European session. The rebound started early before the US session, with the price jumping to a day-high near 1833 about 2 hours into the US session. The day ended at 1817, slightly down by USD 2 with a USD 22 range.
The choppy market was mainly triggered by the comments from the Fed's chairman. Gold has finally escaped the 1820-50(1) range yesterday and is now dominated by the downtrend channel(2)—the S-T resistance currently sitting at 1820. The price should test a new low today, targeting 1810-08(4), unless a new pattern forms.
As mentioned, gold should test a new low within these two days as the price failed to close above 1826 the day before yesterday. Another selling signal(4) occurred on the daily chart yesterday. The target at 1810 or below remains unchanged for now.
S-T Resistances:
1833-35
1830
1820
Market price: 1817
S-T Supports:
1810-08
1805-00
1795
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P. To
Godl Trend 28/06 - 01/07Gold pulled back from the early climb yesterday. The market opened with a gap of USD 10 higher than last Friday's closing. After refilling the gap in the opening hours, the price resumed its path upward until it reached the day-high near 1841. However, the buying momentum failed to sustain; the day ended at 1822, near the day low.
The early surge yesterday was driven by the news from the G7 meeting over the weekend where some of the G7s will sanction Russian gold imports. The spike-up was rather short-lived after all, as the Russian gold holds only a tiny portion of global exports. The overall structure on the daily chart has changed much so far since last week, can continue to take advantage of 1820-50(1) until it escapes the ranges.
A sign of gold turning weak appeared yesterday on the daily chart, where the price touched the 20 days MA(3) and pulled back near the day-low for closing. The long upper wick(4) may lead to a drop below 1820 in the next two trading days. The price must close above 1826 on the daily chart today in order to cancel out the selling signal.
S-T Resistances:
1840
1833-35
1830
Market price: 1824
S-T Supports:
1820
1810-08
1805-00
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P. To
The trend is still moving in a slow downwardHello to all members of TradingView and my followers.
In the four-hour timeframe, the trend is still moving in a slow downward. As the lower ceilings and floors continue, a downward trend is expected.
As long as the price is below $ 1827-1823, a price reduction of up to $ 1810 is expected.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Gold : Intraday Technical AnalysisGold has a support at 1830 and 1815. After testing the support of 1815, gold is on its way to take support of 1830 with aggressive volumes. My idea is still long positions with entry at 1830 and layer at 1815. The goal will be 1840.
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.
XAUUSD Death Cross is SO CLOSE !!!50 MA --> 🟢
200 MA --> 🔴
What is Death Cross ?
The death cross is a chart pattern that signals a growing weakness in an asset's price. It comprises two separate lines called “moving averages.” Each moving average line (MA) is formed by calculating the average price over a certain period of time and using those points to create a smoothed line.
An example of a death cross is circled in gray.
If you want to see indicator signals:
Median : Sell
Parabolic SAR : Sell
SuperTrend : Sell
Awesome Ossillator : Sell
Williams Alligator : Sell
Support Level :
🛑1805-1810
Resistance Level :
🎯1830
🎯1865
Not Financial Advice
Gold : Intraday Technical AnalysisGold is getting consolidated around 1820-1830. The price action of gold got rejection at 1840. Gold is getting consolidated to make a firm base around 1830 before making a move . My idea for gold remains same with entry at 1825-1830 with the target resistance of 1840-1844.
1855 and 1875.
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 daily analysis 28.06.2022Yesterday gold tested its support at 1818 at resistance at 1840 near the downtrend line. Presently gold is in bearish trend forming lower highs and lower low. There is a downtrend channel with support at 1818 level which is test more than once.
Today I see gold will test the upper boundary of value zone at 1835 and start pull back to test the support 1818 and then 1808. Since price is stable near the 1818 level since some days I feel we can see the testing of further lower support at 1808 and 1800 if there is strong momentum and volume in US session.
However keep in mind that the levels at 1800 to 1808 may act as strong trigger levels for bulls and we can see reversal.
So for today we will go scalp sell with small target.
Sell 1836 SL 1844 TP 1822
The 50 Dema and 200 Dema are near. This shows the sideways momentum since month worked well in bringing prices to original levels. Now markets are in sideways. So dont trade against trends and have targets within value zone.
In US session we have important news today. So be careful then.