Good evening gold gang!! hope you are well. After another day of smashing the targets .. heres what i can see for the asian session. Price is heavily bearish on all timeframes other than monthly .. so i can say that sells are preferred. This doesnt rule out buys .. we just have to be careful not to take them too close .. we need confirmation of bullish...
Good evening gold gang! Huge drops today on gold! i caught the initial move from london which ran to my target perfectly! (hope you guys got it too) After such a massive move im expecting a pull back. I have my area marked up for the pull back on my chart after a support has formed on the lower time frames. No pull back should see price drop down to the next...
Time an update regarding XAUUSD. My position I had "unfortunately" closed. Profits were realized and that is the most important. New entry opportunities will arise. I still stand by my thesis that we will see in the near future first falling gold prices. Much to learn I have.
Bearish Flag on Gold in Lower Timeframe The bearish flag is a candlestick chart pattern that signals the extension of the downtrend once the temporary pause is finished. As a continuation pattern, the bear flag helps sellers to push the price action further lower.
The current 30 mins candle (UTC 21:30 to 22:00) has a higher probability of being a green candle than a red candle.
#GOLD I BELIEVE THE CHART SAYS EVERYTHING, BUT JUST TO BE MORE CLEAR, GOLD HAS BEEN UP & DOWN BETWEEN 2K * 1.6K FOR A LONG TIME NOW, IT HAS GIVEN SELL DIVERGENCE BASED ON BUNCH OF OSCILLATOR INDICATORS AS WELL AS ITS BEEN ON OVERBOUGHT LEVEL FOR A LONG TIME, BUT I BELIEVE AS YOU CAN SEE ON THE CHART THERE IS MORE TO BULLISH MOVEMENT AS IT MIGHT CREATE TRIPLE TOP...
XAUUSD is touching 4h timeframe support here. However, this support has been tested several times. The vulnerability of this support is quite high.
We recommend you to buy GOLD at this levels as you can see we have a good setup + pullback on 4H timeframe
On the M30 time frame, prices are approaching the support zone at 1909.50, in line with the 61.8% Fibonacci retracement and extension levels, where a throwback to this zone could present an opportunity to play the bounce. Prices are holding above the Ichimoku cloud, supporting the bullish bias.
Gold has been on clear uptrend since double bottom chart formation was formed on 2nd November 2022, The recent price stalling was a brief pull back after the massive impulsive weave which paved way for another impulse wave that might reward traders with over 680 pips bring the price to $1980 per OUNCE according to DANCOLNATION TRADING STRATEGY
FXOPEN:XAUUSD Entry 1845.1 Take profit1839.72 Stop loss 1850.12 RR: 1:1 Correction of the initial impulsive move
Bearish Indications (BIASED SHORT) 1. Rejected or retest from a resistance level 2. Formation of Bearish Diamond Pattern 3. Trend Line Broken 4. Bearish Divergence 5. Entry at Bearish Candle Neutral Indication 1. Price still in the range/consolidation phase Bullish Indications 1. By Breaking the resistance level and making a new HL then the trend will be bullish
The price is moving in the designated channel (red lines). I expect a bounce to the upper limit of the channel. Beware of false breakout. TP around 1810. GG P.S. This is not financial advice of course, just my idea.
xauusd my Analysis xauusd also breakout the parallel channel we next days it retest the trendline ...
This is an accumulated base on the H4 timeframe. The price has finished testing the AR in the Wyckoff scheme and made a bullish CHOCH and the price will retrace to test the validity of the secondary test at the beginning of the base. If the price does not break through the ST, the price will get sufficient liquidity so that an LPS is created which will push the...
After much anticipation, Liz Truss leaves Downing Street after 44 days in the job and the process of finding a new PM kicks in – 100 Tory MP nominations are needed (out of a possible 357) , and that means we should see 2 or 3 candidate in the running early next week – Rishi Sunak is the clear front-runner but Boris Johnson is making a play and the flow of betting...
XAUUSD is expected to make a rise of around 2.25% as we have seen in its previous cyclic behavior. 3 out of 4 times price has retraced from fib 0.5 level which is also expected in the next move
XAUUSD may come for C Leg of Deep Crab on 1 Hour timeframe not a financial advice