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Goldtoday
Gold ( Complete Neowave Update)Degree full forms-
L1 stand for Long term wave 1 and so on
L1 stand for Medium term wave 1 and so on
s1 stand for short term wave 1 and so on
Hello Everone,
Welcome to Trading Idea, today we are going to talk about gold in details and with this you will also learn how to trade neowave.
First this as you seen the above one is the medium term forecast or you can see them as map. This should be your trading idea for the next week or 2.
Why should we follow this, because long term forecast is suggesting this. As you can see gold price is still showing some space for correction. See Below
Long Term Forecast-
Apart from this you must be wondering is the below down cycle of S3 is started. so the answer is no. See below short term chart which is suggesting that cycles is still up with the key level of 2009.5
Short Term Forecast-
Also see the intraday cycles of gold-
Note- Explaining video will be updated in an hour.
I hope you are enjoying my forecast, if you love content kindly like and share it and also keep following us for more neowave trading ideas.
Thank you
XAUUSD BUY PROJECTION 14.01.23Reason For Bulllish
1. Bullish Spinning Top in Single Candlestick
2. Morning Star Patttern In Three Candlestick Pattern
3. Ascending Triangle Chart Pattern
4. Obey Support & Fibo Retracement @ 2020-30
Overall Possible Outcomes
XAUUSD BUY @ 2035-40
SL 2002
TP 1 2062
TP 2 2089
TP 3 2150
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
Gold broke major support for more sell side direction XAUUSD Technical Overview:
Pivot: 1188.20
Key Resistance: 1184.55 - 1188.20 - 1192.89 - 1196.48
Key Support: 1180.23 - 1176.45 - 1174.88 - 1171.43
Technical Indicator:
RSI: The indicator having bullish divergence but moving under 50 level near to oversold condition.
Moving Average: CMP 1182 Price moving under Simple moving average 100 & 55, sign for more down trend ahead.
Technical Trade Idea:
Most Likely Scenario: short positions below 1188.20 with targets at 1182.55 & 1176.45 in extension.
Alternative scenario: above 1188.20 look for further upside with 1191.89 & 1194.66 as targets.
Overall, Gold markets broke down rather significantly during the day on Thursday, slicing through the $1200 level like it wasn’t even there. Furthermore, we broke below the hammer at the $1195 level, which is a further sign of weakness.
the US economy is running at full steam ahead, it was appropriate that the Fed removed that sentence from the statement - But what markets traded was the forward outlook - As the policy rate moves closer to estimates of neutral, members of the FOMC and observers, market participants, now forecast a modestly restrictive terminal FFTR while other Central Banks embark on their own normalization of policy, thus stripping some of the yield advantages out of the long end of the curve for the dollar.
However, in the near term, the dollar remains on top and following today's set of economic data,"Between Chairman Powell's comment yesterday the that the U.S. economy is in a particularly good spot and today's robust durable good orders and excellent business spending, despite the August pause the six months to July saw the strongest investment spending in five years, the dollar has room to run on the American economy alone."
US economic data
US: Pending home sales decline by 1.8% in August vs 0.4% expected.
US: Durable goods orders increased by 4.5% in August following July's 1.2% contraction.
US: Real GDP expanded at an annual rate of 4.2% in Q2 to match expectations.
FOMC outcome notes
As expected, the FOMC raised the FFTR and the IOER by 25bps at its September meeting.
‘Dot-plot’ distribution around three hikes in 2019 narrowed; FOMC still sees strong growth as cyclical.
2021 projections indicate a ‘soft landing’ through lower real growth and slightly higher unemployment.
The only significant change to the statement was the removal of the description of monetary policy stance as “accommodate”.
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