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#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1789 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
GOLD BEARISH FORECASTGOLD SEEMS VULNERABLE TRADING BELLOW NEAREST RESISTANCE Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analysing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
FOREXCOM:XAUUSDShort
by CELGIB_TRADING
USDCAD H1 Bullish ForecastUnited States Dollar vs Canadian Dollar USDCAD BULLISH H1 US Dollar has been down over the past week and it is really amazing to spot an opportunity for the upcoming raise of US Dollar. Technical analysis: We found several reasons for the USDCAD pricing to go high. 1. USDCAD has pumped up from support level around 1.32313, where 8H TM was managed to be kept by bulls. 2. 1H TM raising trendline has been respected in the recent pricing in rows, after the second touch the price has printed a cup where the handle in process of making, from the end of handle we expect third touch of raising trendline where we'll enter our buying positions for our clients. The entry zone may be 1.33586 or 1.33523. Target1 There'll be resistance around 1.34088 this will be first target for short time traders and BreakEven for long time traders. Target 2 The 1.34994 area is next resistance for buyers once the first target is done.
Long
by CELGIB_TRADING
1
#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1789 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
GOLD H1HI GUYS, i hope all of us diong very well gold h1 chart update last few days we are posting chart analysis its hit ratio alomst 99%,we analysis the market move after move very closely every day , we are using pure price action and fundamental ,use this information wisley more accuracy on your trading bullish targets 1757,1753 this zone HOLDING above the price next target open on 1767 1771,1767 this zone HOLDING above the price next targets open on 1780 bearish targets 1757,1753 this zone HOLDING below the price next target open on 1757 1757,1753 this zone HOLDING below the price next target open on 1747 thank you so much... guys use this informtion wisley
OANDA:XAUUSDShort
by Forextamil
Gold could drop to $1,730 but further downside appears doubtfulDespite the latest bounce off the 200-day EMA, a clear break of a fortnight-old ascending trend line and the RSI pullback from overbought territory favor gold bears to snap a two-week uptrend. The metal’s downside, however, appears limited as a three-month-old horizontal support area near $1,730 appears a tough nut to crack for the bears. Also acting as a downside filter is the 100-day EMA surrounding $1,722, a break of which won’t hesitate to direct sellers towards the 23.6% Fibonacci retracement level of June-September south-run, close to $1,675. Meanwhile, recovery remains elusive below the support-turned-resistance line from November 03, around $1,795 at the latest. That said, a five-month-old horizontal area surrounding $1,805 could challenge the gold buyers afterward. In a case where the precious metal stays firmer past $1,805, the 78.6% Fibonacci retracement near $1,822 can act as a buffer during the run-up targeting the mid-2022 peak surrounding $1,875 will be in focus. Overall, gold is likely to decline further but the downside room appears limited.
OANDA:XAUUSD
by MTradingGlobal
Gold: Analysis✔Gold was holding 50200 since mid of May. It held this level at three occasions (see chart) but finally broke it in the mid of September. ✔So, a lot of traders who bought at 50200 support, with stop loss underneath this level, were shaken out in this breakdown. Most would have reversed their positions to short. Gold revisited 50200 in a retest attempt and this normally attracts pullback traders to go short. So many short positions are supposedly added till the end of September, with stop loss just above 50200. ✔But as Gold managed to sustain above 50200 again, most stop loss orders got triggered leading to short covering. Everyone who was shorting below this level, had to buy in order to close their positions. Also fresh buyers would look to catch this opportunity. This huge flux of buy orders lead to a sharp rally. ✔Presently it is near 52000 round number which has acted as an important level in the past too. Also there is trendline resistance, joining April and August highs at around 52100. ✔So two things can happen around above resistance levels. Either buyers would absorb supply at resistance and push Gold to next resistance 52750-52800 in the short term or profit taking/sellers would push it back to 51000 or 50200. Only further price action would throw more light upon this. Thanks for reading. Do not forget to like for more such ideas in future.
MCX:GOLD1!
by Bravetotrade
3
GOLD H1hi guys , i hope all of us diong well now quick update on today market contition down side on swing range 1770,1767 this price fakeout and holding above market will move on next target 1783.1770,1767 price break and holding below this price then open on next target 1756 .up side on swing range 1782 ,1786 break and hold above this price then open next target 1801 ,or 1782,1786 fake out and holding below this price net target 1770 other wise low volallity market moves on choopy side ways .
OANDA:XAUUSDShort
by Forextamil
Gold Trend 16/11Gold renewed the 2-month high yesterday, but the selling pressure was intense. The day began at 1771; the price was bounded in a tight range between 1766-74 in early trading. It tried to clear the resistance at 1780, touching the day-high at 1786 at the US session opening. The day ended at 1778, up by USD 7. After three attempts(2) yesterday, gold failed to clear the selling resistance above 1780. A horizontal range(3) has formed on the 1-hour chart. For the uptrend channel to stay in effect, the price must stay above 1770 in the European session and later jump above 1780 in the US session. If the price fails to do so, it will signal the bullish momentum slowing down, leading an S-T to consolidate toward 1750 in the next 24-48 hours. It will be the first sign of the trend reversing if the price close below 1771. Also, pay close attention to the 5-day MA; if this support clears, a consolidation toward 1730 may happen. S-T Resistances: 1785-87 1780 1775 Market price: 1771 S-T Supports: 1765 1760 1755 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
GOLD IS GETTING READY TO MAKE HISTORICAL MOVEGold is getting ready to make new high. After the price mitigation on supply level , price couldn't break the low. Signifies that heavy buying is happening. Also the Rsi unable to break the 40 level. But opposite, it took support at 40 and getting ready to shoot upside. The Relative strength of Gold with Nifty is increasing. And the Stage analysis says it is just starting the stage 2 breakout (50 ema ). And Finally It is making the CUP with Handle Formation. TRADERS BE READY TO TAKE POSITION WHEN THIS HISTORIC MOVES BEGINS.
MCX:GOLD1!Long
by KunalFx
Gold Trend 15/11Gold reached a new 2-months high yesterday. The day began at 1765; the price rallied toward the day-low at 1753 throughout the Asian and European sessions. As the market approached the US session, the buying resumed. Gold reached a new 2-months high at 1775. The day ended near 1771, unchanged from the day before. The trend remains upward on the 1-hour chart as the price is still running within the uptrend channel(1). The S-T upside target sits at 1780(2), aiming to touch 1800(3) later this week. The bullish trend started after gold escaped the downward wedge pattern(4) last week. The reversal signal has yet to appear on the daily chart, while the price has been closing near the day-high without any signs of profit-taking and short-selling in the last few trading days. Expected the upwardtrend to remaining, target Aug's peak at 1800-05. S-T Resistances: 1785-87 1780 1775 Market price: 1771 S-T Supports: 1765 1760 1755 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick