XAUEUR - H4 AnalysisD1 Trend is Down but now market its changing its trend on H4 and trying to break strong zone.
GOLD/EUR
Technical analysis update: XAUUSD (16th April 2021)Gold has been steadily climbing up since 8th March 2021 when hitting low of 1676.866 USD per ounce. This low was subsequently retested for the second time on 31st March 2021 when price halted its decline at 1677.954 USD per ounce. This is bullish sign for gold, altogether with the fact that gold currently trades around median trendline (white dashed line) of downard moving channel (2 parallel white lines). Technical analysis of MACD and RSI further support bullish case for gold. Our price target for gold is 1900 USD per ounce by year's end.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
GOLD NEXT WEEK #19Forecast:
Addressing market sentiment regarding Gold backed ETF's, COMEX and BONDs etc. Daily chart analysis, looking at the Gold price from a broader perspective. Fib, 0.618 @ ~1848 is a potential target in May before a deeper correction.
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
Technical analysis update: XAUUSD (6th May 2021)As we yesterday correctly predicted breakout above 1800 USD and hitting target of 1805 USD, we would like to update our forecast. RSI and Stochastics remain bullish while MACD is neutral. Previous resistance at 1799.16 USD became new support for gold. We believe that gold has a chance to maintain its momentum and possibly hit our previously mentioned medium term price target of 1825 USD within few days. Thus, our new medium term price target is 1850 USD per ounce.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
GoldEuro UpKeep this chart in mind. Descending trend line has 4 touches. Next time price goes up, it will break the trend line for sure. I’m bullish on this.
GOLD RALLY EXPECTEDBrand new inverse head and shoulders pattern forming. We could see a potential breakout to the upside from here.
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
Wait To Break Double Bottom NecklineHey there GOLD wait to big breakout here ! we see double bottom here, when price break our neckline we just open long position here I expect big movement in the gold. Chart explain everything. I will add target here please follow and like !
GOLD NEXT WEEK #14Forecast:
If price action follows up on the Truncation/Double bottom pattern, then we can expect a countertrend ABC / Zigzag pattern. B-wave, pull back target's between ~1712 or ~1699. Final bullish C-wave, target's @ ~1776 or ~1787.
If price action picks up bearish sentiment and breaks low of ~1678, then target's to look for @ ~1662 or ~1655.
I'll keep you posted... Trade safe, be well
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 - Time to SELL.Helle dear traders,
Everything is marked on chart!
Please like and share.
Thank you.
GOLD NEXT WEEK #13Forecast:
Price action is consolidating. Possible complex ABC pattern in the making. If volume is strong this week, UPSIDE target's @ ~1744,1745,1748. DOWNSIDE Target's @ ~1716, ~1714 or ~1710. I'll keep you posted.
Trade safe, e well.
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 inside a triangle patternHelle dear traders,
only BUY and SELL after break out and break down.
Everything is marked on chart!
Please like and share.
Thank you.
GOLD be ready for BUY GOLDWe anticipate that gold will soon end its medium-term downtrend and enter a price correction. The uptrend can start from 1680. This is a good place to buy gold. The first target is 1766.
This post will be updated.
Gold - next target 1685Price correction has been done to the range of 1657. We predict that the price will fall from this range to 1685.
XAUUSD GOLD Bearish Analysis As per chart and my Target is $1550#XAU/USD TA Update :-
#XAU/USD currently trading at $1771
And According to chart I can expect some more downtrend days for Gold .
Currently support broke down.
So I can expect my targets for #XAU/USD is :-
Support:- $1681/$1545
Resistance:- $1791/$1845
If break $1845 then we can see again New all time high in Gold . But now not possible as per chart.
this is My personal view. not financial Advice. #DYOR
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GOLD - SELL after correction!We expect the price to rise to the 1873 range first and then resume its downward trend. The ultimate long-term goal is 1679.
GOLD will start dropping againThe price chart simultaneously approaches the trend line and the resistance range. We anticipate that the price will start its downward trend with the target of 1778.
Gold's waiting outGold's waiting out ... as always. It will tell you its decision soon enough.
And one thing is for sure: Janet Yellen is not Jerome Powell.
