LONG GOLDLONG XAUUSD @ 1900
TP @ 1974 - 2000
SL @ 1864
We have seen Gold consolidating around the 1890 - 1900 mark. There is significant support at the 1890 lvl, and as long as we trade above that, I remain bullish on gold. Especially in the current environment, gold has proven its safe haven status. I will load up on another clip at 1890 if we test there. Looking for 1874 (last weeks highs) and possibly even 2000.
So, first clip long at 1900, second long at 1890 (if it drops to that lvl). TP1 at 1874, TP2 at 2000. Stop for all clips at 1860 which is our 50% fibbo support.
This trade offers a 2:1 RR ratio.
Goodluck and feel free to comment below.
Longgold
XAUUSD Ascending tunnel 4h Since 5th of June to today - ascending tunnel formation built out of higher highs and higher lows creating the shape of a tunnel going up.
The range to sustain the pattern is 1789 - 1825.
A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support.
A break above 1825 with a 4h close, will allow for target of 1920 weekly resistance to reach in the short-medium term.
Important levels range at the high 1790's and low 1800's.
Triple top between 2011-2013 on the weekly level show around 1800 - relevance to today is high.
A break above will be significant for the continuation of the uptrend breaking new highs.
On a fundamental level, needless to say, 10 trillion USD printed money together with overall lack of certainty and hysteria continue to push Gold higher.
Printed money dropping the US $ value and lack of real investment in equities don't provide much ground for drop of Gold price below important supports.
+340 Ticks GC 4 hour time frameThe GC 4 hour time frame is in an up channel
The market is near the bottom of the channel
showing signs of pushing towards the top of the
channel.
Entry: Counter trend line break bullish
near the bottom of the channel.
As long as the market stays above the bottom
of the channel it will be a good idea to turn to
the five minute time frame and to look for
tunnel trader long / destination trader long
ideas towards the one hour up Fibonacci: 2002.7
Long XAUUSD (gold)This image show the daily time frame but if you look at the 4hr. you would see that price respected this level of resistance.
-Price also formed a double top, which is a bearish candlestick pattern.
-the two statements of above illustrates 2 confirmations that price is ready to make a bearish move.
-I am expecting price to sell off creating a pullback.
-I think price will pullback between the fib 50.0-61.8 levels and ultimately respect the area of support (the orange line).
-When price reach this area I will look for price to create a bullish candlestick reversal pattern and enter a buy.
-If price pullback to that area, depending on how you view it, you may notice price create an Inverse head and shoulders on a smaller timeframe.
-also keep in mind the DXY is in a downtrend. Gold and the USD move in opposite directions.
-long XAUUSD (gold) and bearish DXY
Like, Follow, Comment! if you see something different feel free to post your analysis below.
buy goldupdate on my previous gold analysis :
for the first analysis , stop loss was 900 pips away from my entry. same setup but this is on a 4hr time frame. stop loss also adjusted to last week's low after falling wedge confirmed wave 5 of C has completed. stop loss now adjusted from 900pips to 200pips. TP is over 6000pips
apply risk management and best of luck
BUY GOLDGold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much of a big difference... risking 90points for 650points
Complicated Gold ScenarioGold might be preparing for a complex corrective wave that means the buying area will be near 1740/1748 levels.
don't get me wrong this scenario might not happen and we might see a surge in gold from current levels but you need to calculate the risks of a possible pullback.
1856 is a medium term target with current uncertainty in the capital markets- inflation- stagflation and earnings season.
The gold is moving towards the ascent, God willingAfter the gold fell for a week and the indicators appeared by 88%, we are looking forward to a rise, God willing.
After the appearance of a Squeeze candle at the beginning of the week and a reversal candle at the end of the week, this indicates a high rate of rise, God willing
Gold is approaching a potential buy zone We can see that Gold has a hard time breaking the resistance line on the Daily .
There isnt enough volume of sellers so there is a very low probability that we will break out of the resistance in a downtrend .
There is a high probability Gold will go into an Uptrend after testing the resistance again .
30/08/2021 - XAUUSD Long AnlaysisSimple price action trading. Noticed last week price created a swing high, and based on previous market structure, and the overall market is bullish. Price as already broken through our mini resistance, 5min entry to determine sniper entry, using 50ma, multiple rejection on the 61.8 fib, for me is a strong buy to the next resistance. Will keep you updated.
XAUUSD LONGGold is looking to continue the uptrend since April base on technical. Last week we had 2 main fundamental news being ADP and Unemployment claim which cause DXY to rise and all pair to drop against the USD. Right now it look like gold is going back up to retest previous high at 1915. Keep calm and follow the trend
Gold gains with low NFP dataHello Traders TGIF,
After having our profits shorting XAUUSD, Today low nonfarm payroll data showed US Economy is not ready to reach expected rebound.
Gold seemed to finish its correction period and ready to gain momentum to reach my long term targets. Price should stay above 4H MA50 priced 1895 right now.
I opened my long position at 1875 and my short term target is 1945. I will follow up the price action until market close.
Trade safe and have fun!
Remember to like and comment what you think.
Have a lovely weekend.