Goldlong
Gold Bullish Bat PatternBullish Bat Pattern
Closing Price - 48053
SL - 47849
Target - 48215/48283/48365
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Technical analysis:
A trough is formed in the daily chart at 1750.55 on 06/29/2021, 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 a price drops more, this line can act as dynamic support against more losses.
The relative strength index ( RSI ) is 50.
Take Profits:
TP1=1762.55
TP2=1828.25
TP3=1875.15
TP4=1959.30
TP5=2075. 05
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GOLD Inverse Head and Shoulder Pattern - Short Term 2 -3 monthsGold is forming a Inverse Head and Shoulder Pattern. Once the neckline s broken we can see a surge in gold price.
Entry :- 48700 - Buy after neckline breakout ( should happen around 48600-48900 range)
SL :- 47200
Target :- T1- 51500 , T2- 53200
#Gold ( Good time to invest in Gold ) #Gold is showing same pattern as observed in 2005
ready for breakout for the target of $4000-4500-5000 in 4-6Year .
It's a good time to invest in gold .
Gold is expected to form its base above $1730 in july 2021 as its has also formed base in july 2005 so same is expected to happen this time also according to pattern on the chart .
Gold should not give monthly or bi-weekly closing below $1730 because this will violate the pattern running rn on the chart .
I goes below $1730 then gold may be dead heavy bloodbath can be seen tho this is not expected in the gold market till big event .
Keep $1730 as a important level and buy for heavy profits in coming future !
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Technical analysis:
A peak is formed in the daily chart at 1916.50 on 06/ 01 /2021,
so more losses to support(s) 1762.55 and minimum to Major Support (1744.50) are 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 35.
Take Profits:
TP1=1762.55
TP2=1828.25
TP3=1875.15
TP4=1959.30
TP5=2075. 05
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XAUUSD · BULLISH BIAS · JULY 2021 As NFP news early this moth made a rally or impulse to the downside in OANDA:XAUUSD , now we enter in a corrective phase to fill the vast ineficiency created by this news.
As we enter this corrective phase, perfect buy zones are 1760 - 1750, and in particular 1756.5.
I suspect that the corrective phase will last 25 - 35 days.
Is perfect moment to activate EAs in this particular moment, as they perform better in ranges and or in trends.
GOLD BIGGEST ANALYSIS - DON'T MISS ITGOLD FINAL WORD:
Buy Gold - Closing Price - 1877 $
SL - 1670 $ (Monthly Closing Basis)
Target - 2800 $
(Time Frame - 2 Years)
If SL Triggers Next Buying For Gold Will Be
1400-1450 $
SL - 1040 (Monthly Closing Basis)
Target - 2000 $ / 2800 $
GOLD ABOVE THE TREND LINE and ABOVE 70 RSIAS gold above the trend line if continue traded above 1880-1890 level than we expect a move toward 1965
as we see 1878 is the resistance level it test multiple time and came down and now it around that level if traded above we expect good move
RSI ABOVE 70 ALSO GIVE A STRONGE APPROACH TOWARDS MARKET
GOLD has broken downtrend. Ready to rally!GOLD has broken its long sustained downtrend on a daily chart. It has also crosses and sustained a strong support level of 1850. Good upside possible from here.
Gold Long: At a very crucial levelOne can start accumulating Gold here at this level. It has retraced to 38% from the March lows. Also, the area is a support area. The RSI is also forming a falling wedge.
GOLD APRIL DAILY CHARTAlthough there has been a good breakout from 1750 levels still it could face Resistance around 1800-1850 levels. Crossing 1800-1850 it may get into its long term uptrend direction.
XAUUSD - RANGEBOUNDDescription:
The XAUUSD (gold) is moving between the price range of 1676.98 and the 1756.28. Both the flat-top resistance and the support base are seems to be stronger. Therefore the counter is expected to continue in the parallel channel. Trend trading is very difficult for this condition. Breakout of the parallel channel will determine the trend of the counter. Swing trading is more preferable for this condition. The Stop loss is mandatory for performing swing trading. The stochastic indicator levels will be very useful for swing trading.
The major levels for this counter are
R2 –1770.11
R1 –1756.83
PP –1744.03
S1 –1730.75
S2 –1717.95
Gold in a crucial level. Watch out! Gold in make or break level. Enter only after the confirmation candle (Weekly).
RSI is in the overbought zone!
GOLD - LONGDESCRIPTION:
The price of the counter XAUUSD is maintaining above the support baseline at the price 1721.19. The baseline has been tested more than thrice. For the past couple of days the counter's price is moving near support baseline and there is no indication for a breakout. The bullish trend of the counter is expected to continue further. The buying mode of the market and the strong support base may boost the price even more upwards.
Major Levels For The Counter Are:
R2 - 1745.28
R1 - 1738.78
PP - 1730.18
S1 - 1723.68
S2 - 1715.80
GOLD(XAUUSD)-BULLISHDescription:
After a continuous fall for the past 30 days, the counter XAUUSD’s price started moving upwards and form an ascending channel from 12th March. The formation of the ascending channel indicates the counter is in a strong bullish trend. The previous entry of the counter was at the bottom line of the channel at the price of 1698.87. The buying mood of the market may push the price upwards. The current trend of the counter is expected to continue further. The MACD indicator curves give additional support to the description.
The major levels for this counter are
R2 –1747.74
R1 –1739.33
PP –1732.70
S1 –1724.18
S2 –1717.66
GOLD "BOTTOM OUT" ???1. Gold took support from key support level.
2. Formed tweezer bottom.
3. Also taking .382% fibonacci support.
Buy Gold With Strict SL Of 1670$, Closing Price 1726$
Trading Signal For Gold XAUUSDTrading Signal:
A Trading Signal is seen in Gold XAUUSD
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#gold #commodity #mcx # one can long Gold as per their trade setup for swing trade if find reversal from these harmonic patterns PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
1670-1690 is a strong buy zoneWhy am I so confident of 1670-90 zone..,
the same zone gave support 5 times earlier and it is the 6th visit to same zone..,
It is the zone from where 400 dollar or 25 percent upside rally started..,
And it is the zone of inverted head and shoulder breakout,,
Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top)
Buy the dips and keep accumulating..,
Stop on closure below 1670.., Below 1670.., 1530-60 zone possible..,
GOLD : Bullish outlookGOLD: should maintain the level of 1600 & regain the level of 1750 . Losing 1600 will raise concern & the prices may continue falling. However the internal structure suggests that it should give a push on upside. Buy only Above 1750 closing basis with SL of 1600.
