💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1872.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1902.9
TP2= @ 1920.0
TP3= @ 1938.7
TP4= @ 1958.5
TP5= @ 1972.5
SL= Break below S2
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D-XAU
💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1891.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1919.3
TP2= @ 1938.0
TP3= @ 1958.3
TP4= @ 1981.2
TP5= @ 1998.2
SL= Break below S2
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Short Gold Based on the current scenario we can clearly identify that Gold is approaching a major breakdown as it has its downtrend resistance at 1950, considering that we can acknowledge 1944 as a reversal point and soon in upcoming time we can expect this bearish trend to test all the levels up to 1890.
The Best thing is to stay bearish with a stop loss 1950, and if it breaks the 1950 level and the next 1 hr candles survive over it we can consider it as a successful breakout and then be bullish again considering this as a minor pullback.
So right now it would be best if we sell gold, trade at your own risk.
GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1874.88 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to resistance(s) 2000.00, 2075. 05 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
Take Profits:
1790.08
1804.23
1814.96
1834.65
1874.88
1959.30
2000.00
2075. 05
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💡Don't miss the great sell opportunity in XAUUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1902.4).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 47.
Take Profits:
TP1= @ 1887.2
TP2= @ 1878.8
TP3= @ 1867.8
TP4= @ 1852.0
TP5= @ 1844.4
TP6= @ 1833.0
SL: Break Above R2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1874.88 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to resistance(s) 1916.16, 1959.30, 2000.00 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 71.
Take Profits:
1790.08
1804.23
1814.96
1834.65
1874.88
1959.30
2000.00
2075. 05
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1762.98, resumption of uptrend is expected.
We make sure when the resistance at 1874.88 breaks.
If the support at 1762.98 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1762.98 is broken.
Technical analysis:
The RSI support #1 at 47 is broken, so the probability of resumption of uptrend is decreased.
A peak is formed in daily chart at 1853.75 on 01 /25/2022, so more losses to support(s) 1804.23, 1790.08 and minimum to Major Support (1762.98) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 48.
Take Profits:
1790.08
1804.23
1814.96
1834.65
1874.88
1959.30
2000.00
2075. 05
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💡GOLD (XAUUSD) - Weekly Technical Analysis Update Midterm forecast:
While the price is above the support 1762.98, resumption of uptrend is expected.
We make sure when the resistance at 1874.88 breaks.
If the support at 1762.98 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1752.85 on 12/15/2021, so more gains to resistance(s) 1804.23, 1814.96, 1834.65 and maximum to Major Resistance (1874.88) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.
Take Profits:
1790.08
1804.23
1814.96
1834.65
1874.88
1959.30
2000.00
2075.05
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
1804.23 is major support; while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI resistance #1 at 62 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, a bullish wave in price would continue.
A peak is formed in the daily chart at 1877.05 on 11/16/2021, so more losses to support(s) 1834.65, 1814.96, and minimum to Major Support (1804.23) is expected.
Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses.
The relative strength index (RSI) is 59.
Take Profits:
1790.08
1804.23
1814.96
1834.65
1874.88
1959.30
2000.00
2075.05
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💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1765.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1777.4
TP2= @ 1788.2
TP3= @ 1805.6
TP4= @ 1815.6
TP5= @ 1831.2
SL= Break below S2
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 1676.70, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1676.70 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in the daily chart at 1779.95 on 08/26/2021, so more gains to resistance(s) 1828.25, 1848.50, 1875.15, and maximum to Major Resistance (1916.50) is expected.
Price is above WEMA21; if the price drops more, this line can act as dynamic support against more losses.
The relative strength index ( RSI ) is 62.
Take Profits:
TP1= @ 1762.55
TP2= @ 1789.55
TP3= @ 1828.25
TP4= @ 1875.15
TP5= @ 1916.50
TP6= @ 2075. 05
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XAU/GOLD intraday analysis and setup⚓ Hello Traders👋
Today i have made a post on XAU/GOLD
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
XAU/GOLD intraday analysis and setup⚓ Hello Traders👋
Today i have made a post on XAU/GOLD 15m timeframe
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
💡Don't miss the great buy opportunity in XAUUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1784).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1800
TP2= @ 1808
TP3= @ 1818
TP4= @ 1831
TP5= @ 1843
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 1676.70, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1676.70 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in the daily chart at 1684.50 on 08/09/2021, so more gains to resistance(s) 1789.55, 1828.25, 1848.50, and maximum to Major Resistance (1916.50) is expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index (RSI) is 47.
Take Profits:
TP1= @ 1762.55
TP2= @ 1789.55
TP3= @ 1828.25
TP4= @ 1875.15
TP5= @ 1916.50
TP6= @ 2075.05
❤️ If you find this helpful and want more FREE forecasts in TradingView
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️