Longgold
Gold Analysis and Trade Idea for 21-Feb-2023 2nd ideaPlan A
Buy 1835.00 (Buy Zone)
SL: 1828.00
TP1: 1842.00
TP2: 1846.00
TP3: 18552.00
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Bullish
- Market is over sold and will make a LH
- Gold showed bearish trend in past two weeks which was HL on daily chart
- Gold will be bulish in upcoming week to test 1873 resistance zone .
-long bullish is only possible if it broke 1873
- Market will perform under 1873 and 1818 level in this week
- Gold will make a HL on 4H around 1870
Gold Analysis and Trade Idea for 21-Feb-2023Plan A
Buy 1839.00 (Buy Zone)
SL: 1832.00
TP1: 1846.00
TP2: 1852.00
TP3: 1858.00
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Bullish
- Market is over sold and will make a LH
- Gold showed bearish trend in past two weeks which was HL on daily chart
- Gold will be bullish in upcoming week to test 1873 resistance zone.
-long bullish is only possible if it broke 1873
- Market will perform under 1873 and 1818 level in this week
- Gold will make a HL on 4H around 1870
BUY GOLD/ 1HDue to the sharp drop in the price last week, the need for correction is seen . Price correction can continue up to the range of 1850 . We are still below the resistance zone
Gold Analysis and Trade Idea for 17-Jan-2023Plan A
Buy 1905.00 (Buy Zone)
SL: 1899.00
TP1: 1912.00
TP2: 1918.00
TP3: 1925.00
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Market is currently low and testing 1901 support zone.
Crossing 1900 will cancel bullish scenario.
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Gold Analysis and Trade Idea for 16-Jan-2023Gold is establishing HL on 1H candle and Dxy ready to make LH. Best possible entry.
Plan A
Buy 19120.00 (Buy Zone)
SL: 1904.00
TP1: 1920.00
TP2: 1930.00
TP3: 1935.00
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XAUUSDOANDA:XAUUSD
I see a buying opportunity. Buy zones have been cancelled since last week.
I am hoping this this BUYERS can rally strong to buy and keep the SELLERS
away from the trend.
Stand by for BUY signal on GoldStand by for BUY signal on Gold
1.790/1800
is an important area of support/resistance.
1) A breach and close above this level,
will resume the trend line and climb to 1830/40.
2) if the price can't break the 1790/1800 barrier
the trend will most likely change and retreat to 1700 levels
3) Right now, price is underpinned
by 1790 support baseline and 50 EMA.
And above the 200 EMA
4) Money flow index is in the green zone supporting Upside continuation
Gold, One More High before pull backhi! I see gold could make OMH (One More High) to 1842 area before major pullback.
this setup provides good R:R too!
trade well,
Alex
GOLD BULL RUN (Ratio with DXY USD)This Weekly Chart shows that the value of gold compared with the $USD is now rising
since July 18th. If over the short term XAUUSD is dropping on a weekly basis it is rising.
This analysis suggests that no matter bearish in the short term, gold is bullish and
potentially a long hard bull run is now underway. See also my idea regarding
a cup and handle pattern for XUAUSD suggesting a price at which spot gold
could break past for the continuation uptrend.
GOLD READY TO BOUNCE UPOANDA:XAUUSD
The 15N chart shows spot gold in a downtrend in the London
market. It will soon hit sell orders accelerating the downtrend
into the buy order zones. I believe that it will reverse
and trend upward to the overhead sell orders which are
at 1798 for one percent of upside.
This is my idea for a day trade of XAUUSD on the forex market
first the UK then NY. It is for information only and not a trade
recommendation.
Long GoldAccording to the trend line of the logarithmic chart
Moving Average 200 weeks
ascending channel
The position is perfect for Long
A long term bullish impulsive wave 3 for #GOLDRelative to our shared long trade idea in an hourly timeframe, a bigger Daily Timeframe Elliot wave Analysis looks like been cooking for its next big move which will be the impulsive wave (iii) and its gonna be a hell of a ride when this analysis will be validated.
Entry recommendation will only executed when the descending channel will be tested and broken to confirm this bullish scenario.
#elliotwaveforecast
@marketpainterPH
What Is Next for GOLD: Could We See It Rallying Again ? 📈1- Market Overview:
As it is clear from the screenshot above the market is moving upward where the price managed to break a series of highs month after month. The rally started in December 2021 and then a huge drop was left on March 22nd to the 1900 USD mark. From this zone, Gold failed to break the previous high around the 2000 USD mark and posted a lower high showing weakness from the buyer’s side.
2- Long Scenario:
The long scenario is our most likely scenario for this analysis since the market is traded to the upside, the odds of a long trading idea is much more likely to occur. The market as we can see is respecting the bullish trendline and it’s held by the buyers around the 1915 USD support zone. So, what most probably will occur is a move to the upside to test the previous high near the 2000 USD mark and then if the buyers are strong enough, we could see GOLD reaching the previous swing high around the 2071 USD level. However, we must highlight that the price posted a lower high after reaching the 2071 USD mark, which is an indication that the sellers might take control of the market in the coming days. Let’s move to discuss the short scenario where the reversal might occur, and we could see a huge drop in price of GOLD.
3- Short Scenario:
The least likely scenario for this analysis is to see the GOLD reversing and move lower. As we mentioned in the previous paragraph, the yellow commodity posted a lower high which is a weak indication for the buyers. But this doesn’t mean that the market will reverse anytime soon before seeing a certain price action that we are going to discuss now. To see this particular reversal and a move to the downside, we should wait until the market breaks the support level around the 1915 USD mark and close below it. As well, another breakout we wanted to see is a breach of the bullish trendline to the downside. If these two movements occur this will lead to a huge move of the GOLD to the downside all the way to the 1800 USD mark.
Financial Disclaimer:
Please do you own research before investing/trading any asset. This article is for educational purpose. It might help you to have a different view of the market and learn from the way an expert see the market. But at the end you should know which trading ideas fit your personal analysis.
Have a happy trading day. 🙂
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.
Gold Longs ActivatedMajor pennant formation on found best on 4H Time frame
Fakeout happened think we will see 1960 Min Shortly.
Also we have had zero retracment since sell off...
As always manage risk
Set stops set takes
Happy Trading
another long?lets see if gold can broke that triangle with some bat pattern, fake brake out or a nice one, we will see if this SH@# do sometrhing good..
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
Gold - Higher low in place (Long) Yesterday we mentioned a high probability for a new leg up for Gold.
In yesterday's session, bulls defended very well the 1920 level and now we can consider a higher low in place.
Our target for this leg up remains the 1960 resistance zone...then to 3,000
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.
GOLD buys from 1790 or possibly break lowerThe title pretty much says it all, I'm looking for further rejection off 1790 for a move back to 1820. If price doesn't support the currently level we will see price most like back down at 1764.
