Goldtrading
GOLD H1HI GUYS
i hope all of us doing very well , quick update on gold h1 ,t
BULLISH TARGETS
1733,1737 HOLDING above this level next targets open on 1745,1748,1752
1748,1752 HOLDING above this level next targets open on 1756,1759
BEARISH TARGETS
1733,1737 HOLDING below this levels next targets open on 1722
1748,1752 HOLDING below this levels next targets open on 1733,1752
MINOR HOLDING AREAS
1740 minor holding area
1745 minor holding area
thank you so much guys
GOLD H1HI GUYS
i hope all of us doing well quick update on gold H1 CHART movements 1772,1768 price HOLDING below this level next targets open on 1758 OR 1772,1768 price HOLDING above this level next targets open on 1782,this levels playing swing range .1758,1753 price HOLDING above this price next target open on 1768,1772.or 1758,1753 price HOLDING below this price next targets open on 1753,1744 thank you so much
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
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GOLD H1HI GUYS
we are analysis on gold further movements,
current price on 1773 this price breaks to and holding to this price 1766 market moves on next target 1754 ,1747 this zone this zone are game changer once price fackout or holdi above this price {1754,1747} market moves on north side or price break and holding below this price {1747,market moves on next target to 1716 this whole move extract on pure price action
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
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Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of 50 points
Candle close above 17840 will change every thing Until then its a good risk reward.
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
XAUUSD Analysis until NOV 2nd, Interest rate announcement! 📉 Gold - Bearish - We look to Sell at 1615.08
▪ The medium-term bias remains bearish.
▪ Following last week's retracement candle, the overall trend is set to continue downside.
▪ A firmer opening is expected to challenge bearish resolve.
▪ Prices are expected to stall near trend line resistance at 1675-1680.50 levels.
▪ We look to sell rallies in the coming weeks or so.
-Heavy volatility is expected after the Interest rate announcement on the 2nd of Nov.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop 1615.08
🎯 Target 1: 1601.70
🎯 Target 2: 1575.30
Against the TradeIn gold/usd we can go both short for scalping and long for swing trade.
The trade is quite risky as we are going to trade for a reversal. Their is good buying momentum broom bottom so this can be good place to buy on green line (after a retrecement from rejection levels I.e red line ).
swing trade for gold buy opportunityGold just bounce from its crucial support , starts its new leg in process of double bottom and RSI also shows Divergence in it and at support we see a good morning star pattern cmp for gold is 1650 so in upcoming 1 or 2 months we see gold around 1806 and 1874 with having SL of 1620 level
Weekly Outlook : Gold Heading for 1550 levels📉 Gold - Bearish - We look to Sell at 1613.90
▪ 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.
▪ Support at the levels of 1615 weekly low can be broken.
▪ We prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1628.57
🎯 Target 1: 1604.22
🎯 Target 2: 1550
Let me know what you think in the comment section:
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
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 Trend 19/10Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end.
The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned yesterday. Overall, the market is bearish. However, the short-selling before 1650 is still relatively weak. Due to the lack of momentum, expect the price to remain within 1640-65(2) until it escapes.
The pullbacks before the day's end on the second consecutive day have created another bearish signal on the daily chart. Wait for the signal; a new round of selling should only begin if the price close below 1650 on the daily chart; before that, the price should continue to wander around 1650.
S-T Resistances:
1665
1660
1655
Market price: 1651
S-T Supports:
1650
1645
1640
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Gold Trend 18/10 - 21/10Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all.
The downtrend on the 1-hour chart slowed down yesterday after the price jumped above the trendline(1), shifting the S-T downtrend from (1) to (1.1). Before the next break, expect the price to settle in between 1640-65(2) for now.
Overall the trend is still bearish, and a new bearish signal(3) has appeared after the pullback from 1668 yesterday. The resistance at 1665(4) & the 20 days MA(5) are blocking all the climb for now. Once the price clears the support at 1640, gold should be able to consolidate further.
S-T Resistances:
1670
1665
1660
Market price: 1659
S-T Supports:
1655
1650
1645
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XAU/USD- Multiple timeframes Analysis📉 XAUUSD - Bearish - We look to Sell a break of 1645
▪ The primary trend remains bearish.
▪ Sentiment remains negative despite the pull-back higher in prices.
▪ Further downside is expected.
▪ A break of 1645 is needed to confirm follow-through negative momentum.
Confidence: ⭐⭐⭐
⛔ Stop: 1652
🎯 Target 1: 1635
🎯 Target 2: 1615