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GOLD - move sideways in price range, waiting for CPIGold sold off on Friday, but the bulls managed to fend off the attack on the psychological $2,000 level, allowing the price to establish a base and recover on Monday, a sign signal that the path of least resistance remains to the upside, with the precious metal benefiting from the uptrend. If XAU/USD remains on its bullish trajectory, and breaks out of the 2034 price zone and closes above it, the first hurdle to watch will appear at $2048 , followed by the 2023 highs shortly. under $2,070 . A successful test of this technical hurdle could consolidate upward momentum, paving the way for a move towards the channel's resistance at $2,100. In the event of a failure, initial support lies at $2,000 , but a breakdown could attract sellers and create suitable conditions for a pullback towards $1,975. On further weakness, the next downside target will move to the 50-day simple moving average hovering around the $1958 level. SELL Scalp GOLD 2032 - 2029 Stoploss: 2035 Take profit 1: 2027 Take profit 2: 2020 Take profit 3: 2010 BUY GOLD 2000 - 2003 Stoploss: 1995 Take profit 1: 2010 Take profit 2: 2020 Take profit 3: 2030
OANDA:XAUUSDLong
by DNA_TradingFX
1
XAUUSD - Short term scalping strategy, Sell goldAt the end of last week's session, gold price dropped sharply to around $2,000/ounce. However, according to analysts, gold is still in an uptrend. Therefore, the price drop after the end of the week is a boon for buying investors. According to the survey, the psychology of gold investors is very familiar with the falling gold price. This partly shows that the uptrend of gold price is still there. The expectation of gold's price increase became stronger when the message of the US Federal Reserve (Fed) on March 5 (US time) showed that the US central bank would start cutting interest rates. next July. Retail investors also expect gold to rebound strongly, with prices expected to end the week around $2,060 an ounce. Friday's sell-off and the possibility of support at $2,000 an ounce could attract investors this week. Note that gold job failure to reach $2,080/ounce could lead to a consolidation in the near term. Resistance zone: 2033 2051 Support zone: 2000 - 1981 - 1972 SELL GOLD 2033 - 2030 Stoploss: 2038 Take profit 1: 2027 Take profit 2: 2020 Take profit 3: 2010 BUY STOP GOLD 2018 - 2020 Stoploss: 2013 Take profit 1: 2025 Take profit 2: 2030
OANDA:XAUUSDShort
by DNA_TradingFX
5
Analysis of my 80 pip Gold Buy!Analysis of my 80 pip Gold Buy! Monday was extremely bullish. Huge gains were made. Very importantly too, gold closed above this massive trend line which started on August 25'th. These two reasons gave me look for more bulls today and buy up. I bought on the candle with the arrow. At first, it looked as if a double top was going to be formed. A push up, consolidation, drop down, Bullish harami, Large bullish candle followed by a doji. The Doji was a bit more confusing, however, I remembered the overall bias for today along with the trend line consolidation, and waited for a good chance to buy. Thankfully, I was able to hold it long. I originally picked an extremely far tp goal. I believed that if I held it long enough, I could make a lot of money. That faith helped me to hold for 80 pips. I've seen other traders trade for 80 pips and I believed that I could too.
OANDA:XAUUSDLong
by Shanktown
XAUUSD - KOG REPORT!KOG Report: In last weeks KOG Report we suggested we wanted to see the price test the lower support region to give us a good entry for the long, which we got. What we didn’t get though was that aggressive push to the upside, instead FOMC moved the price towards the 1950 level giving traders over 300pips on the move. We managed to trade the longs and the shorts in Camelot with a total of 18 targets completed last week, which was a fantastic result for Excalibur. In all we played the defensive on the markets trading this the KOG level to level way making sure we were not over exposing ourselves. So what can we expect in the week ahead? Something is telling us there is a big move on the way and its going to catch a lot of traders out! What we will say is that we will be looking for extreme resistance levels on this to add to the short positions we’re holding from above. That’s not to say we won’t be going long; we will take long trades into immediate resistance levels. We can see am immediate resistance level at the 1930 level and above that around 1945. That 1945 level is important for as long as the price remains below that level its likely we will see some lower targets being achieved in Gold in the coming week. On the downside we have the key level here of 1890-80, that’s where we will be waiting this week to go long on the market. We’re not concerned and don’t want to get involved in the immediate range unless we’re taking quick scalping trades level to level using Excalibur to guide us. So, we will look for the following scenarios on Gold this week: Scenario 1: Price opens, pushes to the upside and finds resistance at the 1930-35 level, we feel this level would represent an opportunity to short the market back down into the immediate support levels of 1910, 1903 and below that 1895-90. We will be waiting just below to take a long position to target the 1930, 1940 and above that 1960 level. IF we reach 1950 we will take a majority of our trade of the table and let the rest run with the stop to entry. This will be a great swing trade if it works out! Scenario 2: Price opens negative, we have an Excalibur target just below around the 1910 level, we would expect a potential test on that wick or just below it. We will wait for our support levels of 1902, 1885-80, this is where we will want to test the long trade into the levels we have mentioned above! Again, around the 1940-50 level we will take a majority of the trade of the table and leave the stop at entry with an open target above. What we will be looking for is resistance above where we will want to short the market again. Its been a difficult month for traders with a lot of news driving the markets, the candles look small but the pip capture is very tempting for traders who are trading large lots. The market knows this and will create the swings and choppy price action to make sure its not as easy as it looks. Try not to be roped into the orchestration. We’re still playing the defensive here, even if that means we continue to do so for another month. We would rather trade a natural market than trade in the volatility being created by the fundamentals and geopolitics. Hope this helps traders, as usual we will be updating the analysis, levels and charts as we progress throughout the week. We’ve been doing these reports and analysis a long time, please do give us a like on our ideas, it does motivate us to keep going. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
Gold Forecast (March 18, 2021): Take Profit - BUY/SELL zoneAt this round, we are right! Simply because: You and I both make money. I focasted to BUY under 1700 (especially at the 1678), Tp1: 171x (done), Tp2: 173x (done) and Tp3: 176x – Wait to TP. If our View is 1000 pips, then win about 600-800 pips is quite enough. Ok! Now we go to work. Next plan: BUY/SELL zone and upcoming predictions .... I watch the picture that I drew a week ago. This is the movement of gold price I expect for over a month. Meaning: the price successfully created a bottom at 1678 and went up (this is the expectation). However, we must see the reaction of the market to make a move. 4h Chart: Short-term prediction The price goes in this way back to the 176x zone and adjusts (Probability: 60%). With the confluence between the bearish Trendline and the previous supply-demand (level), there is a high possibility that Gold will have a bearish reaction. But the problem is: Is it enough to create a 200 - 400 pips fall for us to enter a SELL order? Answer: should SELL. Honestly, in the overall market, Gold is in a downward channel. The SELL orders at the confluence and the trend all give a high win probability. Forecast: SELL at the 176x zone BUY zone: 172x (Probability: 40%) The confluence between the short-term uptrend and the supply-demand zone that the market created in recent days. For me, this BUY is an additional BUY. Let’s wait for Gold to break out of the downtrend. DXY USD - Still old forecast: Back to 91,000 Discussion Nobody knows exactly whether Gold will return to 167x or fly straight back to 1800 or not. But if the price goes into the confluence zone, with a high enough probability of winning, then we can confidently enter the order. Still the same old saying that I repeat many times. Money is earned from the moment we observe, analyze, predict and wait. And the story behind that is decided by the market.
OANDA:XAUUSDLong
by Giavangvietnam
Weekly & Monthly timefame used for GOLD.Hello! Friends, I can with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance. ------------------------------------------------------------------------------------------------------------------ its responsive move after creating an excess Flag patterns. There is only one hope for the downward move which repeats the same as resistance 1700 nearby otherwise, unstoppable target 1726-1744 at value high. ------------------------------------------------------------------------------------------------------------------ "" WEEKLY CHART "" ------------------------------------------------------------------------------------------------------------------ Cup and Handle pattern bullish continuation pattern using moving average favorable found ‘U’ shape Prediction: expected flag or pennant pattern/triangle. This should be downward sloping. Resistances: 1) 1870 2) 1790
TVC:GOLD
by Trade-Technique
52