Gold (XAU) • Break of important levels and strong momentumCurrent global macro apparatus is forcing gold into being more bullish than anticipated.
With US and the world on Russia's FX Gold Reserves we are seeing live the change of the monetary system starting to be repriced in commodies like GOLD, Oil, Gas, etc.
The US Dollar is completely losing credibility as consequences of these monetary sanctions and it will have profound effects everywhere.
On the 3rd of March we effectively saw the end of the guarantees provided by US Dollar system. Everyone is on notice... specially the Chinese.
In the middle of all this I see the re-emergence of GOLD importance in global markets and it's demand for cash settled products instead of paper gold will certainly skyrocket.
It is impossible to be macro bearish on Gold under these circumstance from now on.
Xaudusd
MANA , Bullish in overal !Mana
Mana managed to break its downward trend after a long time and was successfully done by Pullback
The price is expected to continue its upward trend after a short correction
But if there is too much correction, it is possible to return to prices close to 2$
But I think the overall scenario is bullish
📊 #MANAUSDT ( Decentraland )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 02.07.2022
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GOLD, We may @ wave A (Circled) ONLY of exp. flat. 1/Feb/22GOLD, we possible at wave A ( Yellow Circled) ONLY of the expanding flat ABC (Yellow Circled). ..P/S : On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprised of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves
GOLD may down to 1760 as triangle in wave (x)(Red). 10/Nov/21GOLD possible forming a bullish triangle in wave (x)(Red). Price may reached wave d (Cyan/Light Blue) of the triangle @ 1832.56 which is the major resistance zone of the long term down trend line (Red Dotted).....Wave e (Cyan/Light Blue) of the Bullish Triangle could be at around 1760 which is the zone of :- 1) Lower Support Line of the Bullish Triangle ( Cyan Dotted) .. 2) Weekly Up Trend Line Support Zone ( Cyan Dashed ) .. 3) P.O.C ( Point of Control) zone of Volume Profile,,..
Gold long-term bull run? #Gold/USD #XAUUSDWith this analysis, I would like to bring you closer to several formations that could drive the gold price up in the long term, at the end I also go into the current happening in the hourly chart.
1. Superior Cup and Handle Formation in the Monthly Chart
As you can clearly see in the monthly as well as in the weekly or also in the daily chart, the price action in the chart from 17.09.2012 to 16.07.2020 has formed a cup formation and has broken through the former resistance of 1832.0 on 21.07.2020 and has formed a new all-time high at 2077.0 on 07.08.2020.
After reaching the all-time high, the price trend went into Henkel formation.
On the days 08.03.2021, 31.03.2021 and on 09.08.2021, the price touched the 0.382 Fibonacci three times and created a significant support line in this area which I set at 1675.7, and see a good bottom as Henkel formation.
Further support lines for a final handle I have set at 1531.9 and at 1442.5 the latter falling on the 0.618 Fibonacci.
I define the price targets of the cup formation at the following price targets:
Target 1 2081.7
Target 2 2321.6
Target 3 (main target) 2613.4
Target 4 2980.0
Target 5 3346.5
Target 6 ( Nice to have ) 4410.0
Timestemp
2. Reversal Pattern 1 W Formation in Daily Chart
On 08.03.2021 the price formed the Left Low of the W Formation at 1677.1, the Right Low was formed on 31.03.2021 at 1677.6 confirmed the W Formation on 06.05.2021 at 1816.8.
Since the low of the W formation was not broken on 09.08.2021, it remains valid with a price target of 1954.6.
Timestamp
Reversal Pattern 2 Bullish SKS Formation .
On 06/28/2021, a Bullish Shoulder Head formation started to form and formed the Left Shoulder at 1750.8.
The Head was formed on 09.08.2021 at 1679.1.
The Right Shoulder formed on 29.09.2021 at 1721.8.
Currently, the formation is in the confirmation phase which would be completed at 1834.3.
The price targets that I can read from the SKS formation are:
Target 1 1918.3
Target 2 1954.6
Target 3 (main target) 1992.2
Timestemp
Reversal Pattern 3 Projected Superior W Formation
On 08.03.2021 the price formed the Left Low of the Projected W Formation at 1677.1, the Right Low formed on 09.08.2021 at 1679.1
If the price reaches a height in the range of the all-time high at 2077.0, and breaks through this after a so-called retest to the upside, I calculate price targets based on this formation of:
Target 1 2215.2
Target 2 2451.4
Target 3 2455.9
Timestamp
Current Situation
In the Current Situation the course is dominated by an Anti Cypher in combination with an Intra Seapony in a Wolf's Mouth
Conservative rule startup 1 is at 1795.9 and has already been reached.
Conservative Rule Startup 2 is at 1784.9 and has already been achieved.
The Conservative Rebound 127 is at 1754.4.
Aggressive Startup 1 is at 1793.5 and has already been reached.
The aggressive control startup 2 is at 1781.1.
The aggressive rebound 127 is at 1746.1.
The Seapony's target is at 1776.5 and the extension to the Seahorst is at 1739.1
The Wolf's target is located between the Conservative / Agressive Rebound 127 and the Seahorst
Timestamp
Notice. I am not a trained investment advisor and this is not investment advice, the analysis is merely for the exchange of views and for scientific purposes.
Always inform yourself independently and get the advice of an investment advisor before they make decisions.
Consider also that the trade with financial products, with risks are connected.
In none of my contribution it concerns a report-requiring action recommendation gem. §86 Abs. 1 securities trade law (WpHG).
XAUUSD Good buy area!Hey guys,
Based on the chart there is a good buy opportunity for XAUUSD. So lets check the chart with us and see what is happening:
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1. Breaking the bearish trend line ( Bullish )
2. Bullish Engulfing candlestick ( Bullish )
3. Breaking a resistance area strongly and a pullback is happening ( Bullish )
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So these 3 reasons and good risk reward ratio lead me to be buyer at this area. We're trying to consider both bullish or bearish signals in each chart and compare them with each other. But at this chart we don't see bearish signals right now.
** Considering risk management rules is a necessity!
Finally it was our idea about the next movement of XAUUSD. So lets see what do you think? bullish or bearish? Your idea is valuable for us so please bring your reasons in comments.
Thanks for being and supporting us!
GOLD XauUsd Forecast - is Bearish/Sell!Dear Traders,
Gold has been in a strong daily up trend since the double bottom at 1680, however its worth mentioning that Gold is still bearish on the daily timeframe until a new high is created above 1960 price. It is approaching an area with multiple strong resistances, hence the slow down in price growth. And with the US dollar starting to gain strength, chances are low that price is going to shoot through these strong resistances without any sort of rejection.
I have outlined one possible near future outcomes indicted with arrows on the chart.
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Trade Smartly.
Xauusd Short Technical analysisOANDA:XAUUSD
After divergence in Macd 4H and breaking ascending trend line, it looks like the price will reach the level of 1751-1755, it is much better and safer to wait for the price to break the level1769 and enter in correction wave, but personally in this case looking for a correction to about level1779,(in that point we have to go to the lower time frame to find the best entry point)
If you like this idea or have any idea about it, I will be glad to share it with me
im starting to feel two scenarios for XAUUSDim starting fo feel two scenarios for gold in the future,
first is Cypher pattern, upward to 1780-1788-1802 and then down to retest 1670 and then 1606-1600
second is Head and shoulder same upward to 1780-1788-1802 and then down to retest 1670 and again up 1760 and again down to the neckline...
whats your opinion?
Gold - Double Zigzag PatternIn the 240-minute chart, the first bearish wave (W wave) has finished around $ 1848.20 and the correction is around $ 1965.
We are currently in the Y wave, of which the first wave has completed around $ 1850 and the price is in the corrective movement of this trend.
It is possible that the corrective wave forming in the format of Flat Pattern, as a result of which the C wave can ascend in the form of 5 uptrend waves up to the range of 1904 to 1924 dollars.