The Future For Gold (XAUUSD) Here I've provided my prediction for the future of gold. I do believe the DXY will make a final rally to the upside, making contact with the most recent weekly resistance. Based off the fibs I predict price of XAUUSD to move to the upside next week, maybe even the following week. Hopefully giving us that sweet rejection off the 61.8 fib level. Once I get the break of my 50 EMA I will be entering for the sell and holding until the bottom of the channel we are currently in. Feel free to leave your thoughts and opinions in the comments. OANDA:XAUUSD
Xauusd-trend
XAUUSD / GOLD Short: Shooting Star, Fib 0.618 RetracementXAUUSD / GOLD Short biased on the following basis:
1. Downtrend: LH and LL
According to the DOW theory gold is making LL and LH which means the price is continuously moving down.
2. Shooting Star
Candle Stick a shooting star indicates the downfall in price as well.
3. Parallel Channel Resistance
The price is moving in a descending parallel channel and now the candle is formed at the resistance line of the channel.
4. Resistance at 4hr
Along with the parallel channel resistance, there is also a 1hr resistance level near the entry point.
5. Priced has retrace around 0.618 fib levels of the previous rally now it will continue to move downwards
All of the above points are in indicating the price will go further down from here.
Gold Forecast 05/09/2022Bears need to find footing once again below $1,700 to resume the downside momentum. The next cushion is seen at the rising trendline support at $1,690. Should the decline accelerate below the latter, a test of the 2021 low of $1,677 will be on the table, below a break of the yearly lows.”
“The 21-Daily Moving Average (DMA) is set to cut the 50 DMA from above, which if confirmed on a daily closing basis will represent a bear cross. The bearish crossover will add credence to the bearish potential in the metal
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
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~Rich
Xauusd NFP tradeGold is rejected from local resistance and trading in some sell position.
As you can see in my chart gold is trading now in bullish chanel and chanel support is 1775,73 area if market come 1st at support then buy gold for 1810 target.
If market goes upside 1st before reaching support level then bulls have very hurdle path to break 1800 psychological resistance level ,then 1807 D1 T/F horizontal resistance and chanel resistance also there, then 1809,1812 strong supply area, so I think market must reject from there and target is our support level.
XAUUSD The beginnings of an uptrendXAUUSD The beginnings of an uptrend
The price has been in an ascending channel since last week. in the next 2 days there will be a minimal retracement to the support level, followed by continued growth to the level of 1800.
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xauusd analysisHey traders
Gold is now in an important area, the reaction must be monitored to know the price direction in the coming period
If the seller is violently rejected and the price corrects below the support area, the downtrend will continue
If the buyers manage to break the support and correction level and break the correction forcefully, the price will rise to break the top
Gold likely to trend for sometimes no matter FED decisionGold is under heavy selling pressure and any meaningful upswing is set to be be capping at the thick black trendine detailed by the info line 4.4 range which goes from 1943 to 47 any break above likely to pull back in 1 candlestick in higher timeframe till USD dream to 1800-1753 come through a close above the thick black trendine will likely turn the dream to night mare
XAU/USD UNIQUE IDEA ...(BUY)hi to all friends
Hope you all are enjoying me ideas and analysis. Now i am here to discuss about OANDA:XAUUSD
A simple forecast.....80% win....
Note: Dear friends, be sure to confirm in the 1-hour time frame and enter the 15-minute time frame ...
Wait for breaks and confirmation....
Goodluck and as always, trade safe!..........
AUDUSD super refined zones markup!!AUDUSD really loves to trend nicely and we are still seeing bearish signs so im mainly focused on sells but remember buys are still on the table for counter trades.
As you can see i tried my best to explain it with Visualization. Now i will be going true confirmations because we really need that for refined zones like this.
first when we enter we need to see a wick sweep into these zones and after a 1 min choch and then if you have 15/ 5 seconds then look there for more break of structure
if you dont know about smart money concept yet watch videos from Magicfx on YouTube.
this is no financial advice!
GOLD- A weak bear is still a bearHello everyone
The last weekly bar closed with a long shadow at the bottom.This shows less selling pressure and maybe a reversal may occur on XAUUSD ,which will give us two possible outcome;
1 - A bounce from our support level of 1850$ which may turn into a possible bull trend and that may happen in 2-3 days (a simple down trend on lower time frames).
2 - the bear trend continues, maybe due to a bad news , a breakout of our current channel and touching the next support which is 1825$.
For now, I would take sell signals only because of the trend and the 2 last bars on daily.
Gold trend line 1830 to 1920 than 2000 than 🌙gold price made tipple bottom near 1680 since price is making higher high and higher low along a yellow ascending trend line zone near 1835 1825 support zone
price has already made 50% retracement next target will be 1827 (0.618 retracement) near strong support 1835 and yellow trend line
if price makes bottom near 1827 retracement and yellow trend line than buyers target will be $2000 with first confirmation for bullish trend at 1920