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SILVER (XAGUSD) 04/02/2024Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... If we call our last push down a retrace, we hit 60-70%(discount?) Bearish Scenario There is a high probability of being bullish, but the markets the market and a fall shouldn't be ruled out... A break below the purple box with resistance then found and a fall to 18p/o is likely... (bias change) We could be forming an ascending triangle... So one more rejection of 25p/o and then a full pullback climb to 28p/o or passed.
OANDA:XAGUSDLong
by DENCHMON
1
Gold - Should we take profits now?OANDA:XAUUSD has been heading higher and creating a strong rally; time to take profits. Gold is still clearly bullish, creating higher highs and higher lows on the higher timeframes. But we also always have to keep in mind, that metals and commodities in general are always following anticipated economic cycles. It is actually quite likely, that after the recent rally of +30% we will now see a retracement on Gold, maybe even back to the previous breakout level. Levels to watch: $2.400, $2.000 Keep your long term vision, Philip - BasicTrading
OANDA:XAUUSDShort
by basictradingtv
2
GOLD XAU/USD Robbery Plan to become a RichMy Dear Robbers / Traders, This is our master plan to Heist Gold Mine based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:GOLD
by Thief_Trader
1
GOLD XAUUSD ROBBERY PLAN TO MAKE MONEYMy Dear Robbers / Traders, This is our master plan to Heist of GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned 2 plans with target in the chart Please look at the chart before entry, Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous area market is overbought / Oversold / Consolidation / Fundamental news occur / Strong Pullback happens at the level. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of Powerful dynamic levels whether Buy or sell, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:GOLD
by Thief_Trader
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by basictradingtv
3
Gold Rush with AI: Analyzing a Bullish TrendIntroduction G old has always been an intriguing asset for investors, often seen as a store of value and a hedge against economic uncertainty. In this analysis, we take a closer look at a chart showing the price of Gold (OZ) on the Gold-USD market compared to USD ($) to identify trends and potential scenarios for gold's future price movement. So, let's dive into the chart and explore the dynamics of the Gold market. Bullish Momentum T he chart reveals a powerful bullish trend in the Gold market, culminating in a local bullish double top pattern on October 27 and October 31, with the price reaching around $2010. This bullish momentum signals a robust demand for gold, driven by various factors like geopolitical tensions and economic uncertainty. A Double Top Formation T he double top formation represents a potential turning point in the market. While there are no immediate signs of a bearish reversal, the double top could trigger a consolidation phase. This consolidation might occur within the price range of $1952 (support line) to $2010, forming a support zone indicated by the blue rectangle on the chart. T he consolidation period is depicted by the white arrow on the chart and could extend until December. This consolidation isn't necessarily a sign of weakness but can be seen as a sign of increasing investor interest and strengthened buying power. Investor Opportunity A prolonged consolidation provides an opportunity for both new and existing investors to consider buying into the market. It allows gold to gather sufficient funding, and as long as the investor sentiment remains positive, there's a chance that the price could break the resistance zone (purple rectangle on the chart) between $2002 and $2010. Further Upside Potential E ven if the price breaks through this resistance zone, it doesn't necessarily mark the end of the bullish trend. It could trigger further consolidation or higher resistance zones as potential targets. The next significant resistance zone to watch out for is between $2055 and $2065. Bearish Concerns H owever, if gold falls from the support zone, it raises doubts about the sustainability of the bullish trend. In such a scenario, the next support zone could be around $1904, where a possible bearish reversal might be considered. Volume and Investor Sentiment A part from price and technical indicators, the chart analysis also considers trading volume. In October and November, the volume has been consistently high, suggesting a global need for diversification with gold in portfolios containing indices and other assets. Investors continue to view gold as a valuable precious metal for diversifying complex portfolios, particularly in uncertain economic times. Key Drivers for Gold Investment S everal factors are driving investor sentiment towards gold. These include concerns about high inflation in national currencies, increasing oil prices, ongoing geopolitical conflicts, and the long-standing belief that gold tends to rise during times of war. Conclusion W hile this analysis provides insights into the current gold market trends, it's essential to remember that investing in gold is a long-term strategy. The precious metal serves as a hedge in complex portfolios and aims for long-term appreciation rather than fast gains. P lease note that this analysis is not investment advice, and historic results do not guarantee future results. Always conduct your research and consider various safety measures when making investment decisions. Kind regards, Ely Disclaimer: This content is for informational purposes only and does not constitute investment advice or an endorsement of any specific investment. Trading involves substantial risk and is not suitable for every investor. You should carefully consider your financial situation and consult with your financial advisor before making investment decisions.
TVC:GOLDLong
by Elysian_Mind
15
Gold (XAUUSD) -> Nobody Is WatchingMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Gold. Looking at the higher timeframe on Gold you can see that last November Gold perfectly retested previous resistance in confluence with the 50% fibonacci retracement level. At the moment Gold is trading in a massive bullish continuation flag and is once again rejecting resistance - however after a short term drop I am looking for an agressive bullish breakout. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
OANDA:XAUUSDLong
by basictradingtv
42
Gold -> Wait For This Daily Setup!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simply monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside. With the recent break and retest of a major previous weekly structure zone, in confluence with bullish moving averages, I simply do expect more growth on Gold over the next couple of weeks. My last analysis on Gold - linked below - perfectly played out once again and I am now just waiting for a clear breakout of the bullflag and a break above resistance and then also the path on the daily timeframe is clear fore more upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
50
Gold -> Clear Path Ahead!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 Gold retested the monthly 0.382 fibonacci retracement level of the last major monthly impulse and is now in confluence with bullish moving averages heading for new all time highs. The parallel channel on the weekly timeframe is still quite nicely pushing the price of Gold higher so I am waiting for any pullback to enter more buys on Gold. With Gold retesting previous daily structure and rejecting towards the downside my last analysis perfeclty played out - I am now just waiting for a retest of the $1935 structure and then I do expect a bullish trend resumption from there. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
49
Gold -> New Highs In 2023?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 The monthly timeframe on Gold is still looking quite bullish considering that Gold is currently retesting the 0.382 fibonacci retracement level in confluence with support at the $1930 level. On the weekly timeframe you can see that Gold is already starting to reject previous weekly resistance which - after the break above - was of course turned clear support. And with Gold being up almost 1.5% today we are now creating bullish market structure again; therefore I am simply waiting for any kind of retracement to enter a long on Gold and to capialize on the next major bullish impulse. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
27
Gold -> Higher Timeframe Still BullishHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 The monthly timeframe on Gold is still looking quite bullish considering that Gold is currently retesting the 0.382 fibonacci retracement level in confluence with support at the $1930 level. The weekly timeframe is showing some indecision at the current weekly support area which means that sellers are currently not able to push price lower, so we might see a reversal here. The daily timeframe on Gold however is not looking bullish at all, Gold is still creating lower lows and lower highs which is a very weak sign so I am now waiting for Gold to shift back to a bullish market before I then do expect a next bullish wave on the daily timeframe. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:XAUUSDLong
by basictradingtv
55
Gold -> Maybe Still A New All-Time-HighHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Gold is currently perfectly retesting and already starting to reject a quite nice previous weekly resistance area which is now turned support at the $1940 level. You can also see that overall weekly market structure is still bullish, we also have bullish moving averages on gold at the moment, so there could still be the possibility that Gold will once again retest the previous all-time-high at the $2050 area. On the daily timeframe you can see that over the past couple of days, Gold has been trading in a quite obvious range so I am now just waiting for a breakout above the resistance at the $1989 level which is then turned support and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
48
Gold -> New All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently broke above a major previous weekly resistance area exactly at the $1990 level. You can also see that with last week's candle Gold then closed inside of this previous resistance zone which is now turned support, moving averages and market structure are bullish so I simply do expect more continuation towards the upside from here. On the daily timeframe you can also see that Xauusd is currently retesting previous daily support/resistance so also from a daily perspective everything seems quite bullish so in my opinion it is just a matter of time until Gold will actually create new all-time-highs. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
50
Gold -> Time For New All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is about to retest its previous all-time-highs exactly at the TADAWUL:2080 from which we already had two previous bearish rejections away towards the downside. You can also see that weekly market structure is still massively bullish, so I am now just waiting for another weekly retest of the previous all-time-high before I then do expect another short term rejection away towards the downside. On the daily timeframe you can see that Gold just retested the previous daily resistance area, now turned support so I just do expect more continuation towards the upside to retest the TADAWUL:2080 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
51
GOLD TECHNICAL OUTLOOK 22/03/2022 Gold has been trading a downtrend which has changed We see gold made gains during the course of the months and is currently at a KEY RESISTANCE LEVEL We confirm Gold is trading within an uptrend But can also confirm we do see SELL positions in the weeks ahead reason being Gold opened the week at a KEY RESITANCE LEVEL which is rejected and we do see a strong bearish opening and closing with current candles We look to SHORT GOLD in the weeks ahead to next SUPPORT level Follow to stay up to date
TVC:GOLDShort
by mffxtrading