GOLDJune was a brutal month for Golf bugs. The Inflation news along with political developments stopped the rally of April -May, which resulted in Gold posting again of 14% in 2 months.
Trend is bullish for Gold, however 2-3% slide cannot be ruled out from 1810 levels. 200DMA resistance at 1825, is important to be monitored before any fresh long buying.
Goldtrading
💡Don't miss the great sell opportunity in XAUUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend, 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 64.
Take Profits:
TP1= @ 1829.45
TP2= @ 1813.75
TP3= @ 1791. 05
TP4= @ 1772.60
TP5= @ 1750.65
SL: Break Above R2
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PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is ranging between 1814.693 and 1803.140
There is a buying opportunity above 1815.181
And a selling opportunity below 1802.366
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
MASTER CANDLE SETUP ON GOLD!!!MASTER CANDLE SETUP ON GOLD..BREAKOUT AT EITHER SIDE CAN RESULT IN A GOOD MOVE!!!!
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is ranging between 1806.356 and 1802.596
There is a buying opportunity above 1806.163
And a selling opportunity below 1802.073
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
GOLD ON THE VERGE OF BREAKOUTGOLD testing resistance ...on the verge of breakout...trade only if you see high volume with proper bullish candles...!!!!!
GOLD ranging...and UP AGAIN
As 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!
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!
THIS WEEEK...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
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is ranging between 1779.730 and 1776.253
There is a buying opportunity above 1780.347
And a selling opportunity below 1775.801
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
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.
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is ranging between 1779.028 and 1774.139
There is a buying opportunity above 1780.364
And a selling opportunity below 1772.955
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
Gold is looking long beyond expectation In the monthly time frame, gold gives a clear pattern rounding bottom, which is a big bullish pattern for a far long target. It has given breakout and retested the breakout level. Now it is amazing to see the bullish move from here. We can also see the bullish move from 1800 or some below the level in the weekly time frame. If this happens we can expect the first target at 2440 in the next 1-1.25 year and the next target at 3300 in the next 2-2.5 yr.
This could be a very good long-term investment in gold as we could have some big target of return of money in future
Trade not recommended
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Gold is going to retest 1840 and then 2100-2200Gold is showing some reversal pattern for retesting 1840. As per the chart, we can see that gold was following a perfect uptrend and now its reversal shows that it will retest 1840 and go for the long target (day time frame).
It took reversal by two very powerful chart reversal patterns named shooting star with confirmation & Bearish Engulfing pattern for retesting 1840.
trade is not recommended
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comment your views
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When to increase/decrease allocation to Gold <-> NiftyBased on the idea shared by Mr. Alok Jain of weekendinvesting
Hence, the credit belongs to Mr. Alok entirely. However, I've made minor changes in the ranges.
Please do shout out if you find out any errors in the plot.
P.S. - can't post the youtube video links as per TV house rules.
Gold Resumes it's bullish MoveGold Resumes it's bullish Move and Big Mutual Funds are Backing it.
Gold has recovered from the support level of 44000 and now it has resumed its bullish move Indicators are confirming this trend too.
Add gold to your portfolio now.
Major Multi assets funds are betting on gold more than the top equity market stocks.