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XAUUSD Sell signal inside the Channel DownGold crossed under both the 4hour MA50 and the RSI's MA, which has been a strong signal since the start of June. During that time the price has been trading inside a Channel Down. Sell on this confirmed signal and target 1920 which will make a new Lower Low. This pattern gets invalidated only if the price crosses over Resistance A. In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension. Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDShort
by TheCryptagon
12
XAUUSD: Strong buy signal targeting the 4H MA200Gold hit yesterday the HL trendline, which is the bottom of a Triangle pattern that has the R1 (1,985.50) as the Top, and is rebounding. This rebound was also made on the 1D MA100, the third time this happens in the past 10 days. The rise has already reached the 4H MA50 and turned both the 1D but more importantly the 4H timeframe (RSI = 49.565, MACD = -1.650, ADX = 18.715) neutral. We are already bullish, targeting the 4H MA200 with TP = 1,980. If we close over the R1 on a full 1D candle, we will enter a buy again, targeting towards R1 (TP = 2,020). The 4H RSI is having a clear Buy Zone since May 25th, that might be useful as this rise continues for buying upon pull backs. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
XAUUSD New bullish wave started. Solid long-term buy.Gold tested the MA100 (1d) and Support (1) twice and held, which resulted into the two day rebound we see. This is not just an MA rebound but a direct hit on the long-term Channel Up that started late in 2022. Consequently this is the new bullish leg to a new Higher High. A crossing over the MA50 (1d) validates this. Trading Plan: 1. Buy on the next red candle or upon a break-out above the MA50 (1d). 2. Sell if the price closes under the MA100 (1d) and Support (1). Targets: 1. 2080 (Resistance 4). 2. 1850 (the MA200 1d). Tips: 1. The RSI (1d) crossed above its MA line, same with February 28th. That was a day after the bottom of the Channel Up at the time and the start of the new bullish leg. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
14
XAUUSD: Excellent buy opportunity on the 1D MA100Gold reached today a triple Support Zone, the 1D MA100, the bottom of the Channel Up and S1 (1,935.50). The 1D time frame is technically bearish (RSI = 40.784, MACD = -12.590, ADX = 46.379) but those where the exact same conditions that formed the November 3rd 2022 and February 27th 2023 bottoms. Both bottoms gave way to price rallies that made at least a +10.20% increase. Consequently, we have two targets: short term the R1 (TP1 = 2,083) and long term a +10.20% increase (TP2 = 2,130). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
11
XAUUSD Can dip lower if it closes under the MA50 (1d).Gold hit today the MA50 (1d) for the first time since March 13th. The last time it closed under it (Feb 13th), it declined more as low as the MA100 (1d). If it closes under it, a potential low and rebound level can be within Support (2) and (3): 1935.50 - 1950. Trading Plan: 1. Buy if a 1d candle closes over the MA50 (1d). 2. Sell if it closes under the MA50 (1d). 3. Buy at the bottom of the Channel Up and near the MA100 (1d). 4. Sell if the price closes under the MA100 (1d). Targets: 1. 2080 (Resistance 3). 2. 1950 (Support 2). 3. 2080 (Resistance 3). 4. 1850 (potential contact with the MA200 1d). Tips: 1. An RSI (1d) reading near 30.00 would be a great additional long term buy indicator. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSD
by TradingBrokersView
20
XAUUSD: March repeat sends it to 2,080.Gold is consolidating inside a Triangle pattern, with 4H technicals naturally neutral (RSI = 43.149, MACD = 1.520, ADX = 27.050) always within the larger pattern of the Channel Up. The very same Triangle in March broke upwards aggressively to form the new Higher High of the Channel Up. With the 4H RSI on a similar Double Bottom formation, we are buying again, targeting the R1 (TP = 2,080). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
10
XAUUSD Hit the MA50 (4h). Strong Buy.Gold quickly declined, almost as fast as it rose during the FOMC Meeting on Wednesday and hit the MA50 (4h). In addition, it touched the top of the formed Wedge, on a similar price action as April 10th. Both strong buy signals, considering that the long term pattern is a Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 2070 (top of the Channel Up + under the Rising Resistance). Tips: 1. The RSI (4h) turning bearish, exactly on the same level as April 10th, is an additional buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
3
XAUUSD Overbought after this jump. Wait for pullback.XAUUSD crossed over the Wedge pattern and turned overbought intra day. The RSI (4h) hit the top of its Channel Down, so a short term pull back is in order. Trading Plan: 1. Buy the retest of the Wedge's top. Targets: 1. 2030 (Rising Resistance). Tips: 1. The RSI (4h) has been inside its Channel Down while Gold has been inside its Channel Up since March 20th and is still holding. This suggests that the trend remains bullish. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSD
by TradingBrokersView
1
XAUUSD: Aiming at 2,050 after the CPI.XAUUSD is rising following the lower than expected U.S. CPI report with the 4H technicals largely bullish (RSI = 65.005, MACD = 6.660, ADX = 31.407). The pattern is a Channel Up and the current rebound is being made on the 4H MA50. The 4H RSI is approaching its LH trendline and very time a rise hit it, it completed a rebound in the range of +3.50% to +4.50%. The minimum of +3.50% will make a Higher High on the Channel Up at 2,050. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
4
XAUUSD: Correction is startingGold turned its 4H RSI below 60.000 (RSI = 59.908, MACD = 11.510, ADX = 11.660) approaching the neutral technical zone for the first time since the April 3rd rise. This is in perfect sync with the February 2nd peak and subsequent correction. Tomorrow's Nonfarm Payrolls may be the catalyst. We are aiming at a -5% decline (TP = 1,930). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
4
XAUUSD Sell the top of the Channel UpXAUUSD crossed over the Fibonacci 0.786 level today and is approaching the top of the two week Channel Up. This is a good opportunity to start placing short term sell positions targeting the MA50 (4h). Trading Plan: 1. Sell on the current market price and as long as it stays inside the Channel Up. Targets: 1. 1980 (the MA50 4h). Tips: 1. RSI (4h) hit its Rising Support. This adds more selling bias as last time it did so on the Falling Resistance, it dropeed to the bottom of the Channel Up. Please like, follow and comment!!
FX_IDC:XAUUSDShort
by TradingBrokersView
XAUUSD: Pricing a top same as JanuaryXAUUSD run ranged all of last week and this is reflected on its 1D technicals, more specifically its flat RSI (RSI = 59.840, MACD = 25.590, ADX = 38.241). The Lower Highs since the March 20th peak are a sign of a possible top formation similar to late January. The RSI constructs are almost the same, we see a declining trend, which on January broke down after 14 days from the RSI peak. We are going long only if the 2,010 Resistance breaks (TP = 2,050). Until then we maintain our short position from near the peak and target the 0.5 Fibonacci and 1D MA50 (TP = 1,910). Max technical short extension is the 1D MA100, which provided support in early March. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
XAUUSD Channel Up topped and overbought on 1HXAUUSD is trading on a Channel Up on the 1H timeframe. The price reached its top and the Harmonic Resistance Zone. The 1H RSI broke over the 70.00 overbought region. Trading Plan: 1. Sell on the current market price. Targets: 1. 1965 (Harmonic Support Zone and near the bottom of the Channel Up). Tips: 1. The Channel Up is within a wider Triangle pattern. The more the price approaches the Triangle's top, the stronger the sell sentiment becomes. Please like, follow and comment!!
FX_IDC:XAUUSDShort
by TradingBrokersView
4
XAUUSD: Head and Shoulders pulling the price 1,900.XAUUSD is forming a Head and Shoulders pattern on the 4H time frame with 4H technicals neutral (RSI = 51.658, MACD = 2.180, ADX = 22.110). The 4H MA50 has already broken and negated as Support, the 4h RSI is approaching the top of its Channel Down and the 1D MA50 is about to enter into the S1 Zone (1,890 - 1,900). Being above the 0.618 Fibonacci retracement level of the March rally, the top of the zone is our Target (TP = 1,900). If the price crosses over the 2,010 Resistance we will take the loss and buy aiming at the -0.236 Fibonacci extension (TP = 2,050). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
10
XAUUSD Bearish Divergence like January. Potential for huge sell.XAUUSD has been ranged for the past 7 days within the 2010 Resistance (1) and 1935 Support (1). The RSI (1d) is inside a Channel Down, which is a Bearish Divergence. A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d). Trading Plan: 1. Sell on the current market price or if you want a confirmed signal, after Support (1) breaks. Targets: 1. 1895 (on the MA50 (1d) and above Support 2). Tips: 1. The MA100 (1d) was the trendline that supported Gold on the February 28th Bottom. It is not unlikely to see the market target this level again long term. Please like, follow and comment!!
FX_IDC:XAUUSDShort
by TradingBrokersView
5
XAUUSD New uptrend has startedGold crossed over the MA50 4H and invalidated the Channel Down. This rise is strong as it started on a Double Bottom. The price already filled the 0.382 Fibonacci level. Trading Plan: 1. Every pull-back near the MA50 4H starting from now. Targets: 1. 1870 (which is a little under Fibonacci 0.786 and on a projected course with the MA200 4H). Close the trade earlier though if it hits the MA50 1D earlier. Tips: 1. The RSI 4H is entering a 1 month Resistance. Use this to anticipate when the price might pull back in order to either take short term profits or be ready for buying price pull backs. Please like, follow and comment!!
FX_IDC:XAUUSDLong
by TradingBrokersView
XAUUSD testing a 1week Support. Be prepared for both directions.XAUUSD - GOLD hit 1817.50 today, testing the Support of February 17th. As long as it holds, it is a Double Bottom pattern that aims that the 4hour MA50 (1835). Over 1848.50 well target 1870 under Fibonacci 0.786. This scenario of a bullish breakout isn't unrealistic at all as while Gold has been on a Falling Support, the 4hour RSI still is on a Rising Support (Bullish Divergence). Under the Double Bottom we target 1817.50 and then on the next rebound the target's 1790. Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSD
by TheCryptagon
XAUUSD, Weekly analysis for Feb 6-10Gold against the Dollar pair had a good bullish run in January 2023, price action displayed a majestic bull run all the way from 1800 to the 1950 price mark, but 1950 behaves as a supply zone and it starts to push the price downwards currently price may look to retouch a demand zone waiting down , but last week closing price 1865 behaving as a considerable support area , this week the gold may go high to retouch the last week's break out price zone of 1910 before going further down below 1865 mark
OANDA:XAUUSDShort
by Akfx369
2
XAUUSD Bullish on a consistent Channel UpGold is trading inside a Channel Up for the whole month of January. Every impulse rise has been +/- 2.80%. At the moment we are in the middle of the latest impulsive wave. Trading Plan: 1. Buy on the spot. 2. Sell if the MA50 4H breaks. Targets: 1. 1950 (2.80% rise) 2. 1880 (top of the Demand Zone). Tips: 1. The MA50 4H hasn't been crossed since Dec 29th. This means that Gold is very clear on its current bullish trend but even clearer on what its support is and what will follow when it breaks. 2. The RSI is moving downwards posting Lower Lows. Possible bearish divergence. Please like, follow and comment!!
FX_IDC:XAUUSD
by TradingBrokersView
6