GOLD | XAUUSD Weekly Outlook Oct 21st: Keep BUYING!This weekly forecast is for Oct. 21 - 25th.
Gold is still bullish, and BUYS are still the best bet. The formation of a +FVG will support higher prices, and we may get that on Monday's close.
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May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GD1! trade ideas
gold trading secret: long gold on thursday if price below 18 smagold trading secret: long gold on thursday if price is below 18 sma
obviously this works now because we are in an uptrending market, but look at the charts in sidesways and downmoving phases, thurday morning seams to be a pretty good spot to enter long
WEEKLY FOREX FORECAST OCT. 14 - 18th: GOLD | XAUUSD Gold is still bullish, and BUYS are still the best bet. There is the potential for an overdue retracement, but I suspect it will be limited. The formation of a +FVG will support higher prices, and we may get that on Monday's close.
Patience....
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GOLD is Setting Up For LONGS! Prepare to BUY!Price is pulling back to the Daily +FVG, which is nested in the Weekly +FVG, which is intersected by the Swing High. Three strong confluences for a high probability LONG.
Be patient, look for price to contact the POI, and then let your valid buy setup form.
Let the rest unfold.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
2024-10-16 - priceactiontds - daily update - goldGood Evening and I hope you are well.
tl;dr
Gold - Bulls got the breakout above and got rejected at 2700 again. I think we will spend a bit more time at the highs until bulls give up or we find more buyers willing to buy above 2700. Right now I still favor the bulls for continuation but only willing to buy on strong momentum.
comment : Retest 2700 is done, now what? We have a proper channel, so trade it. 2690 right now is not a good spot. Wait for a closer price to the lower trend line or look for shorts near 2700, if bulls show weakness again. New highs inside the channel are getting sold, so you should not buy into strength but rather on pullbacks.
current market cycle: bull trend (also trading range on the daily chart - 2619 - 2710)
key levels: 2670 - 2710
bull case: Bulls will likely retest 2700 tomorrow. Can they get another big breakout above it? I think so but right now it does not look like it. I expect more sideways until the bull trend line on the daily chart is closer. Bulls still in full control and I would not look for shorts on this.
Invalidation is below 2670.
bear case: Bears selling new highs but thats about it. Market is grinding higher again and we are near the ath. Nothing bearish about this. Bears can start a case if they close below 2670 again.
Invalidation is above 2720.
short term: neutral - I would not buy 2700 in hope of 2710 but rather buy decent pullbacks inside the current channel.
medium-long term - Update from 2024-09-22: Very strong breakout above, again. Market currently has no ceiling. Most likely 2700 next and I do think 3000 could be a potential target if we continue. There is certainly an argument for a measured move based on the bull rally from 2018-08 to 2020-08.
current swing trade: None
trade of the day: Selling 2700.
Dxy gold silver Weimar Republic 10 16 24. here the dxy may be coming to sellers and this is where I would expect a reversal. the dxy and the metals have been going higher which is not typical. this is probably a signal that the metals are bullish which means there are buyers. on the other hand if the gold or the silver trade lower.... that would be possibly a good time to buy the metals, and I explain this in the video. this is a very dangerous time and a lot of people feel that the US must change its strategy because the dollar cannot be sustained with The amount of spending that has occurred.
Gold looks to be drawing to the upside... My conviction for gold is that it is drawing towards the upside... I'm noticing daily failure swings that price seems to be very interesting in buy side liquidity. Plus price has reacted nicely off a +IFVG and has formed a daily CISD. I'll be looking for a OLHC daily candle formation for tomorrow trading toward the weekly draws.
The Wyckoff VSA Method Showing Selling and No Demand In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains one of the most important trades to the short side, and ironically it works in any timeframe as shown. This is Gold Futures, but if you look at the NQ today as I filmed this it also set up early to the short side in NVIDIA, ARM and the NQ Futures.