XAU/USD- Heading to 1500 levels zones.📉 Gold - Bearish - We look to Sell at 1638.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Resistance could prove difficult to break down.
▪ We, therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1648.57
🎯 Target 1: 1617.22
🎯 Target 2: 1590
Goldsignals
XAUUSD Heading for 1600 levels at 2 years low
📉 Sell Gold - Bearish - We look to Sell at 1646.51
▪ The medium-term bias remains bearish.
▪ There is scope for mild buying at the open but gains should be limited.
▪ Prices are expected to stall near trend line resistance.
▪ We look to sell rallies.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1655.37
🎯 Target 1: 1627.32
🎯 Target 2: 1610
Happy Trading!
GOLD Buy Trade OpportunityGOLD Buy Trade Opportunity
Gold currently moving downside Here is the Major Support area as we mark on the chart We are accepting that market will be reversed for this point if the market makes a strong Bullish candle so it will be a good point for buying
Always use Stop Loss
Gold's Next Bull Leg In ProgressBull Gateway: 1852
Gold spot has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it's above 200 MA. That's a good sign for buyers! If gold breaks the parallel channel, my upside targets are 1866 - 1882 - 1906 - 1920 .
But, it hasn't broken the parallel channel in the last trading session. It's at the resistance line of it. And XAUUSD is quite far to the bull gateway level. So, wait and watch is an option for bull traders.
Gold's downtrend will start from the 1832 level. If it fails to break the parallel channel, then go for the following levels blindly: 1826 - 1812 - 1800
Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas.
Tuesday, May 24, 2022
04:30 FOMC Member George Speaks - Low Impact
19:30 New Home Sales (Apr) - Medium Impact
Wednesday, May 25, 2022
18:00 Core Durable Goods Orders (MoM) (Apr) - Medium Impact
20:00 Crude Oil Inventories - High Impact
23:30 FOMC Meeting Minutes - Medium Impact
Thursday, May 26, 2022
18:00 GDP (QoQ) (Q1), and Initial Jobless Claims - High Impact
20:00 Natural Gas Storage - Low Impact
Friday, May 27, 2022
17:05 FOMC Member Bullard Speaks - Low Impact
Gold's Golden Rule Of 89% (Pack Your Bags For Big Ride)Gold's Golden Rule Of 89%
Golden history of last 50 years have shown that Gold has give big move whenever there is a minimum 89% move from bottom. Chart is self explanatory. There are three successful incident of min 89% move and two unsuccessful incident of less than 89% move.
Successful Incidents
1. 1970 - 1972
2. 1976 - 1978
3. 1999 - 2005
Unsuccessful Incidents
1. 1982 - 1983
2. 1985 - 1987
Fourth move in the making from 2015 - till date. So Gold is getting ready to fly again.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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 Buy Trade opportunityGOLD Buy Trade opportunity
Gold is currently in a bearish trend expecting to change the trend on major support level on 1870 area if market make a very strong bullish candle on support line so it will be a very nice point to take a buy trade with very good risk rewards
"Always use Stop Loss"
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
...exactly as we expected ... GOLD rejected from the Fibonacci zone o.5 and reached the zone 1794 as I said!
in this area I will wait for an extended range and I will enter the trade only at a close for at least 1 day over 1793 or below 1760
THIS WEEEK...GOLD has been out of range for the past few months and closed below Fibonacci 0.5 again!
for this reason, even if maybe it will go up and reach the 1790 area, I think that in the next period the new range will be between the Fibonacci area 0.5 and 0.618
however ... a closure even for 1 day over the 1790 area will make me reanalyze the entire strategy
GREAT ATTENTION:
*This information is not a Financial Advice.
XAU\USD short so looking at daily timeframe price as bullish but its on resistance as well and previously price has make pull back after a bullish candle so i went on smaller time frame and take short based on technical analysis
confirmation is there in chart. after its make a pull back it can continue going up.
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
...from my last analysis made on May 4 ... GOLD climbed and reached 1836 as I said from where he rejected and returned again in the Fibonacci area 0.5 from where ... UP AGAIN towards 1794 and even 1836!
THIS WEEEK...exactly as we expected ... GOLD rejected from the Fibonacci zone o.5 and reached the zone 1794 as I said!
in this area I will wait for an extended range and I will enter the trade only at a close for at least 1 day over 1793 or below 1760
GREAT ATTENTION:
*This information is not a Financial Advice.
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to level 618!
...as I said .. GOLD rejected again from the Fibonacci 0.5 area and remained in the range specified by me last week!
this week I am preparing for BUY at the first closing even for 1 day over 1795 to 1836
THIS WEEEK...from my last analysis made on May 4 ... GOLD climbed and reached 1836 as I said from where he rejected and returned again in the Fibonacci area 0.5 from where ... UP AGAIN towards 1794 and even 1836!
however ... a closure even for 1 day under 1759 makes me think of SELL up to the Fibonacci 618 area!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to level 618!
however ... a closure even for 1 day below 1754 will make me think of SELL until 1688!
THIS WEEEK...GOLD rejected from the area indicated by me last week and will continue to range between 1762-1795 in the next period!
any closure below or above this area even for 1 day ... give the new GOLD trend for the next period!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
XAUUSD Technical Analysis
Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16
Have a Profitable Day
If you find this helpful and want more FREE forecasts in TradingView
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
❤️ Your Support is really appreciated!❤️
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect, GOLD arrived in the 1920 area as I predicted 4 months ago ... it rejected until the 1970 area as can be seen from my analysis last week and the climb to 1920 started again!
If he rejects again from that area ... I think there will be a massive descent on the GOLD until the area 1830 or even 1774
THIS WEEEK...even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to level 618!
however ... a closure even for 1 day below 1754 will make me think of SELL until 1688!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
XAUUSD (Signal) for June 15, ISTThe Decreasing Momentum and Rising Inflation.
Gold is Expected to be Down Today. (June, 15, 2021)
The Rising Inflation is the killer for Gold Price Action Momentum.
This is the Reason of Depletion of Momentum.
Traders are in Extremely Fear Sentiment.
The Current Momentum is suitable for Scalp Traders.
Currently t the Time of Writing Price Action is lying in the pivot range.
Overall Strength Bearish.
Expected a 1.20 Dollars Up from the opening and 6.00 Dollars Down from the Opening or from the 1.20$ Up to Down 6.00$.
Thanks for using your Valuable time. Leave a like which helps me to do better. Follow me for Daily Signals,
Get updates on, FOREX, Stocks, INDICES, Crypto and CFD's (Share to your Market Friends)