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XAUUSD Inverse Cup and Handle Bullish for Now LONGXAUUSD = Spot Gold appears to be forming an upside-down cup and handle pattern. At present, the handle is forming in an ascending channel so the pattern is bullish right now. However, the completion of the handle and price dropping to the 1695 range would confirm the bearish continuation where the price could then drop to the 1580 range based on the cup having a bottom-to-top price distance of 110. I believe that this is worth watching for a short entry at the 1695 level. A bearish continuation in September would coincide with September historically being one of the weakest months of the trading year.
FX:XAUUSDShort
by AwesomeAvani
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.
OANDA:XAUUSDLong
by AwesomeAvani
XAUUSD IS it ready for a trend reversal?XAUUSD has been in a downtrend on the daily chart however on the chart I see the basis band of the Bollinger Bands ( SMA20?) on a slow uptrend. Impartantly, the when price is in the area of the basis band, volatility is increased. Price could push threw it or bounce. The K line of the RSI indicator is below the histogram and its slope is decreasing, indicating that a potential reversal is slowly insuing. Price is below the POC of the high volume area within the volume profile. The POC tends to act as a magnet pulling price to itself which would be an uptrend. Fedral calendar events tend to increase volatility. All in all, I see a bullish scenario further supported by the cup and handle disussed in another idea. dropping
OANDA:XAUUSDLong
by AwesomeAvani
2
XAUUSD SPOT GOLD LONG SWING Cup & Handle PatternOANDA:XAUUSD The 4H XAUAUD is set up on the finish of a cup and handle pattern and so bullish continuation is about to ensue. The chart shows the depth /height of the cup. I will enter when the basis of the Bollinger Bands reverses into an uptrend. Stop loss will be outside the LBB at that time or alternatively the recent swing low. Targets, as drawn to the chart, are the POC of the volume profile, the triple top of June and the double top of May as also shown with arrows. I expect this to be a high probability trade for a few months with a high yield compared with the risk. Teh gold bull run will be fueled by continued inflation the erosion of dollar value (DXY) as well as fear and the flight to safety (VIX). What is your opinion ?
FX:XAUUSDLong
by AwesomeAvani
Has Gold a found a stopping point?Welcome to Monday’s market update. The focus of today’s update video is on Gold. We are currently watching the selling that continues to develop today after buyers failed to carry on with Friday’s rally. Buyers made a good attempt at clearing supply on Friday, but today’s has seen a reversal after USD strength and selling pressure came back into the market. In today’s video, we break down levels we are watching at a possible new level of resistance that has started to present. We are asking if buyers are out of juice and if these points could become a new short-term turning point, or could buyers come back into the market and make a new push at breaking supply and the new resistance level? Thanks for stopping by and watching our latest update. We hope you are all enjoying your Monday. Good trading.
EIGHTCAP:XAUUSDShort
by Eightcap
GOLD SPOT / U.S. DOLLAR PRICE IS DOWN TO SUPPORT LEVEL (1874)Hello my friends, today I want to talk with you about GOLD SPOT / U.S. DOLLAR CHART AS U CAN SEE GUYS AFTER A LONG ACCUMULTOIN PRICE START MAKE DOWN TREND BY CREAT HIGHER HIGH AND HIGHER LOWS price retest the sliding parallel and did not break it last time and if price retest the sliding parallel again with good closing I will interested by selling I like how my stop loss Protected from sellers fibonacci 23 for now the bull scenario seems more logical. So be ready for such scenario. lets see Enjoy the market This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you.
FX:XAUUSDShort
by ZAKNOGO
Long on GOLD 12-26-21Gold is currently at a Resistance Zone but showing promise of breaking it. I have placed the following pending order for if price does break above the resistance zone. PAIR = XAU/USD LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1812.00 STOP LOSS = 1798.31 - 1369 TICKS / $13 LOSS TAKE PROFIT = 1870.70 - 5870 TICKS / $58 GAIN If price does not break the zone, I will wait for a break of trendline around $1803 before getting in for a sell to $1786 for a $17 profit. Price has also rejected the 38.2 Fibonacci level and 1hr uptrend line.
FOREXCOM:XAUUSDLong
by TB305
The Winter Short - XAUUSD (GOLD) If history & patterns prevail then we could see gold drop to 1500 by the end of 2021, which would be quite the spectacle considering since early 2018 gold has had year by year growth from the 1300s (2018), 1500s (2019), 2000s (2020) but 2021 seems to be breaking this pattern with an average of 1800 but we are currently sitting on 1760 a long way from creating a new high past 2070 in only 3 months. The same 2011/12 crash from 1900 to 1500 in only 1 year could be in a reenactment with the same double triple tops forming after a crazy bull run showing signs of an overbought market wearing out. However, in 2013, we saw the precious metal drop even further past 1500 on a steady descent for 3 years dropping all the way down to 1050 from 1900 in a together 4-year span before catching a breather in 2016 pumping back up to the 1300s where we consolidated around until 2020
OANDA:XAUUSDShort
by OfficialKieranTrewick