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GOLD:BUY From Support Area For a New Pullback LONG Setup GOLD after the solid Drop of Yesterday Today's price may recover value from the resistance area with a new bullish impulse in the direction of the main trend, bullish. Also, the price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM, and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about an increase of the value from the discount price in this area with a recovery of value by the GOLD.
OANDA:XAUUSDLong
by FOREXN1
9
GOLD:BUY From Support Level For A New LONG Setup GOLD as EUR/USD ( Both Strongly correlated ) take advantage after the bad news released yesterday for the USD with a strong bullish impulse as predicted. Today the Market is in pullback waiting for the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bullish impulse for the GOLD and a Bearish momentum for all the USD pairs and correlated. Technically GOLD it's inside a Bullish trend and the price today is retesting the support inside the Fibonacci levels of 38.2% and 50%. Today the GOLD value may take again advantage of today continuing with another Long impulse from the support area.
OANDA:XAUUSDLong
by FOREXN1
15
GOLD: BUY From Retest FIBO+Support Level for a New LONG SetupThe GOLD is growing making Higher-highs and Higher-lows and the last pullback on the support area can help only the value of this metal to grow. From the previous Swing low today the price retested the 50% Fibonacci level and the correlation with the other Forex pairs can only help the value to grow more. The price supported by the dynamic trendline plus the 50 moving average seems ready in this session to have a new impulsive push-up.
OANDA:XAUUSDLong
by FOREXN1
19
GOLD:BUY From Sideway Area Waiting USD News Release LONG !The GOLD that follows positively the correlation with the EUR/USD today, may have a new Bullish impulse if the economic news about the USD will be worst than the forecast. The uncertain US economy today can have a strong impact on all the USD pairs, or a positive or negative for all the pairs correlated. Our Forecast is about a new Bullish impulse also because technically the price is still inside a Bullish rally.
OANDA:XAUUSDLong
by DAY_PROFITS
8
GOLD:BUY From Dynamic Resistance For a New LONG Setup READThe GOLD after completing the AB=CD Pattern recognized in the last ideas, today the price is above the bullish channel where a pullback on the upper line, works as resistance can give a bullish impulse for the price for a new raising of the value. Our target for GOLD it's become 1800.000 and today the possible release of bad economic news for the USD can help the value to reach this value in the next sessions. The Breakout of the resistance at 1785.000 will be a clear sign of the price for imminent growth.
OANDA:XAUUSDLong
by FOREXN1
23
GOLD:BUY From Support Level For A new LONG Setup ! READAs Predicted in yesterday's forecast, the GOLD is in Bullish momentum where the value is increasing value. Today a pullback on the 1758.500 prices can give the right bullish impulse for the value to grow more. The correlation with the EUR pairs is positive, today a possible release of negative news for the USD pair will be used from the price to take this in its favor to grow more. We are Looking for a Bullish continuation.
OANDA:XAUUSDLong
by DAY_PROFITS
5
GOLD:Inside a Bullish Channel Pullback 61.8% FIBO for LONG SetupGOLD Inside a Bullish channel in the last hours the price started to grow fast after the strong reversal of yesterday where the price, find a pullback on the 61.8% Fibonacci area in confluence with the dynamic trendline of the channel. Today the price seems to continue its bullish side using also the POC volume as a dynamic resistance. We are Looking for a LONG setup here. Possible AB=CD Pattern for a long setup.
OANDA:XAUUSDLong
by FOREXN1
17