GOLD Set To Grow! BUY!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 3338.3 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 3350.1
Safe Stop Loss - 3332.2
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Xa
Bearish reversal for the Gold?The price is rising towards the pivot, which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 3,263.27
1st Support: 3,124.31
1st Resistance: 3,346.25
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GOD BUY GREAT TUESDAY
Greetings traders this is my analysis on gold and its a long for buy
Technical analysis of gold
informatoin ; Head and Shoulders
this pattern is now even more clearly presented with.
Head_ a higher peak (higher high)
Left shoulder_a weaker atempt recover , which confirms the loss of bullish strength
Usually, such a pattern is followed by a corrective move downwards (which has already been partially see)
potential trend change zone
Highlighted support in zone
3345_3325 usd _very imortant for confirming the bullish scenario.
the shown ''bounce zone'' suggests a possible purchase if the price bounces from this area
predicted path expected
fall to support (around 3345_3325 USD
Conclusion and strategy
Scenario 1(main) buy zone between 3357 3335 if price action signal is seen (pin bar engulfing
TARGET 3500+
Stoploss: Bellow 3300 support
Scenario2 (riskier) : If price does not bounce from that zone possible further deepening towards 3250 3215
Dear Traders like comment let me know what do you think
GOLD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 3007.7
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2993.1
Recommended Stop Loss - 3015.5
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
GOLD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 3120.98
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 3135.5
Recommended Stop Loss - 3113.1
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
DAILY GOLD REVIEW: DOWN TREND CONTINUES💯GOLD PLAN DAILY 11/13
👉 Last week, world gold prices decreased by 2.8%, marking the strongest weekly decrease in 6 weeks.
Downward pressure on international gold prices increased as US Federal Reserve (Fed) officials maintained a tough stance on monetary policy. The Fed's tightening tendency makes investors hesitant to invest capital in gold at this time
Meanwhile, support for gold prices from the need to hedge risks due to the Israel-Hamas war is almost insignificant at this time, as the war appears to be limited to the Gaza Strip instead of spreading. out to the Middle East.
👉 TECHNICAL COMMENTARY: Priority should be given to Sell orders following the trend
📌Trading plan:
🔽 Selling Gold Entry: 1945 -1947
SL 1950
City 1940 - 1935 -1923
🔼 Buy Gold Entry: 1923- 1921
September 1918
City 1928 - 1934
GBPNZD SHORTWeekly and monthly price action suggsts a possible short term sentiment to the down side, while this is being kept in mind, the 4hr entry above is about as best as a guess as to when this temporary short might occur, other factors strategically factored in as required.
Kindly trade with good risk/reward management. Goodluck guys!!!!!!!!
XAUUSD MID-WEEK 2 ANALYSIS-24/09/2023Market Shift on DXY Sparks Bullish Outlook for Gold
The market has undergone a noticeable shift on the lower timeframes of the US Dollar Index (DXY), which has prompted me to shift my focus towards potential buy opportunities on gold. Join me in exploring this emerging bullish outlook for gold as we navigate the evolving market conditions. Stay tuned for further insights! 📈🪙 #GoldTrading #BullishOutlook #DXYShift
XAUUSD- $2000 IS THE AREA ZONE TO LOOK OUT FOR!-GOLD/XAUUSD, had strong bullish momentum this week due to SVB BANK announced bankruptcy led metals and crypto to the new yearly highs. For us, it will interesting to see how Gold reacts next week forward at current price action we are looking at the possibility of reaching to the $2000 area.
-Market has been really unpredictable as DXY has had mixed news outcome, we are still unsure about the future of DXY.