GOLD ranging...and UP AGAINAs I said last weeks since March 21... GOLD climbed and exceeded 1820 but rejected from the Fibonacci zone 0.382 from where ... even if maybe he will retest the Fibonacci zone 0.5 he will continue his way towards 1880 and even towards 1928
...as I said last week GOLD had a smaller rejection than I expected and continues to climb to my target that I estimated in March ... 1875 and from there even 1920 especially because it closed and over Fibonacci level 0.382
THIS WEEEK...after 4 months in which all my analyzes about GOLD were almost perfect ... this time I will look for my final target ... 1920!
if this target is exceeded even for 1 day ... then I will go further towards 1957!
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*This information is not a Financial Advice.
GOLD/AUD
Gold Trading PlanGold Trading Plan. Here i post my gold trading ideas. I will try to share my idea on daily basis. Gold is our favourite pair for trading. You can visit my profile and get free signals. Gold another sign is XAUUSD. Here you can see gold H4 TRADING PLAN and you can see the best opportunity. If you cannot find than visit my profile and get signal for trading.
GOLD / XAUUSD ⚡Gold looks strong buy today towards strong resistance $1850 , if gold touch this resistance then It will rebound and move down towards $1800 support ,
$1850 is critical resistance
$1800 support is critical support
If gold Firmly cross successfully $1850 resistance then It will fire up on next strong level $1900,
But remember it's seems that their is bearish pressure on Metal, .
GOLD NEXT WEEK #15Forecast:
Price action is a bit stuck and out of favor. Downside target's @ ~1725, ~1716 or ~1707. Upside target's - retest of last weeks high @ ~1757. If bull's get the upper hand and momentum pick's up, look for target @ ~1785ish.
As always, keep eye on Bond selling. Trade safe, be well... I'll keep you posted.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
Gold Trading PlanGold Trading Plan daily forecast of XAUUSD. This is our analysis not a signal. Visit our profile to join us for free gold Signals.
XAUAUD longGood luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
is GOLD coming ??As can be seen in the graph, Gold seems to form an upside-down Shoulder-Head-Shoulders formation over a very wide time interval. In such a case, if the $ 1670 levels, which it has been recently supported, will form the Right Shoulder, we can see the first target of $ 2180 and then the target will be $ 3000 because of the formation target.
However, as a counter to the above scenario, prices must first break the downward trend, if not, we can see a retracement to one of the strongest horizontal resistances of $ 1400 .
It contains only personal views and opinions. Does not contain legal investment advice ...