H4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current...
H4 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 August 2024 -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak...
H4 Analysis: Bias/Analysis remains the same as analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much...
Gold painted a huge cup and handle pattern on the monthly chart which makes it super bullish for the long term with the target of $3,200. But for the short term, I expect a correction to $2,100 before the main rally to make new highs.
XAUUSD HELLO TRADERS in the last chart as mentioned the price is under bullish reach first target , today still continues to reach a resistance level , beware today have a some huge news TURNING LEVEL : around 2,368 $ , the price stabilizing this level indicates active resistance level , if the price breaking this level trying to reach a support level ...
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could...
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
Dear wolfy traders : "Today, it is predicted that the price of gold will rise significantly. Although news related to the US dollar may cause temporary price drops, in the long run, the price of gold is expected to increase. Therefore, it is recommended to use the corrections as an opportunity to engage in long-term or scalp trades. Rest assured, I will provide...
Dear all wolfy friends : What I see is buyers power to reach higher prices for next days but for sure there would be a structure( battle of the sellers and buyers). so on this condition I suggest you to play on buy if you are a trend trader but what if power goes for down trend? if power goes for downtrend im sure we are in correction prices after there be a...
XAU daily view. 1950 key important level. We are out of descending channel, but still new BOS is not formed. Price is still doing LH and LL. If 1950 is broken and price confirms above, we will have new HH. If price cannot brake 1950 - will be looking for shorts. Liquidity was swept and that’s a good sign for shorts. If it brakes and retest 1950 forming resistance...
If you see the movement of gold, there is no sign of bullish, the price increases is still possible because of the correction from the bearish and next week it is still most likely the price will continue the trend bearish. I look for a strong support area and the area is also accompanying with Fibo Retracement at the level of 0.236 Previous analysis I shared on...
This is my final update to the long trade on Gold I have been tracking. We got the bounce exactly from 0.886 as indicated in my previous post and we got an approx. 1.7% move but it failed to go any further. Although the setup is successful as we have already got 2+ % bounce earlier from it and we were expecting the type 2 bounce form the harmonic would give us a...
US DOLLAR IS LOOKING TO INFLATE THE NUMBERS AS WE HEAD FOR SOME FORM OF SWITCHOVER. I have predicted since january we could see an offering by the fed to buyback all fiat currency (USD) in exchange for the new alternative digital standard. Being that more than 90% of circulating currency is digital this would be an easy and palatable transition by most of...
Sell from this zone . Take profit @1977- 1969 Gold Intraday: key resistance at 1991.00. Pivot: 1991.00 Our preference: Short positions below 1991.00 with targets at 1977.00 & 1969.00 in extension. Alternative scenario: Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets. Comment: As long as the resistance at 1991.00 is not surpassed,...
Over the past few days, there has been a bullish trend in the price of gold. Currently, the price is hovering around a crucial level of 1959. If the price breaks and closes above this level, it is expected to continue moving upwards towards the target areas of 2000 and potentially 2066. However, if the price is rejected at the 1959 level and closes below it, then...
Bullish bounce due to bullish divergences and a likely drop of Dollar. On the other hand, I remain bearish over the long term.
After a strong increasing, XAU is pausing and already broke the trendline, we can consider to have a SHORT position: - Stop Loss: nearest peak. - Target Price: around 1825-1822.
Bullish up to $1900 then bearish. Long term analysis: