Introduction: Hey there! Have you been keeping an eye on the gold market lately? It's been a rollercoaster ride, and there's a lot to unpack. Whether you're a seasoned gold bug or just dabbling in precious metals, understanding the recent fluctuations in gold prices is crucial. Let's dive into what's been happening with our shiny friend, gold, and explore some...
XAUUSD has formed a falling wedge pattern and is also moving towards its daily instant level which could be a significant support level, its most often that after a falling wedge forms there is a price hike so we will be waiting for price to reach at its level and will wait for a price action a inverted hammer,bullish hammer, bullish engulfing or bullish morbozou...
-Gold breaks a nice upward triangle. -TTGD starts from that level. -Overall the gold is in uptrend and now it is in pullback phase . -For short trade with good R/R ratio after confirmation using smaller time frame.
Formation of clssic head and shoulders pattern arround strong daily resistance level with breaking 4H trend line ...waiting for breaking the neck line and retest of it then short trade will be great with good R/R ration...be safe...
Gold is facing strong 4h resistance level , strong reversal level,which may plays role for pullback and if it will be broken the trend will go up for the next supply zone . the supply zone is perfect level for short trade with good R/R ratio.use smaller time frames for confirmation...be safe...
Gold has 2 levels to go down ...the next 2 supply zones are good levels to go short after the current pullback complete its way. but 1678.421 level is the golden level for huge drop with perfect R/R ratio..using smaller time frames to be in short trade is agood idea ...be safe...
For continuation of the short term downtrend and with failure of the demand zone to push the price up still the trend below MA200 and FIBO level0.23 ...the trend can complete its way up to the next support level 1616.770 after breaking the last support zone at 1661.720 level...be safe...
Expecting For a breakout from the uptrend channel from 1784-1791 zone. Test the 1742-1747 zone And long to 1805-1813 significant resistant.
Wave D & E can take another year, probably. As soon as $2070 barrier is broken we will see gold rocketing to $2700.
Simple chart is easier sometimes! Trend is bearish but for now it must revise little bit before continuation.
Sell trend Already breaked the support of 1752 NFP News pushes th dxy strong agai n and usd stronger Recession fear increased in EU markets
Bouncing off 4H supply zone and expecting short trade after confirmation using smaller time frame .
Hello gold traders, welcome back in new week trading season. Technically gold is still in uptrend and fundamental also supporting that gold may hit nearly $1910 price zone again. Last week the us GDP missed. This week everything is depending on the US labor market report, specially in NFP. Until NFP report release technically gold may test $1900/1910 price zone...
Gold is going down... Wait for rejection. if you have good equity sell and hold TP at $1710 and then put buy limit from $1715.
In my opinion, sellers are strong since formation of this Channale.
Gold is forming inverse H&S on 4H TF. Too soon, The Yellow Metal will be again at 1950 region, possible further upward movement upto 2000. Let's hope for the best and pray that, may news not ruin our setup.
XAUUSD Clearly BULLISH let we see the reasons behind the gold bullish again key factores for bullish call \ 1. the previous day candle indicates the spinning top which indicates the buy call 2. before the nfp news the reversal hammer indicates the trend reversal which tends to bullish 3. dxy still restest the region of 101.00 so gold will be...