GOLD PATH AHEADELLIOTT WAVE ALREADY 1,2,3,4 completed In it's 5th wave in progress Plot with fibonacci levels
Goldtradingstrategy
XAU USD next Possible Move in lower TIme FrameXAU USD next Possible Move in lower TIme Frame
XAU USD next Possible Move in lower TIme Frame
XAU USD next Possible Move in lower TIme Frame
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
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 Sell Trade OpportunityGOLD Sell Trade Opportunity
GOLD is currently, a bearish trend last week was good movement this week expecting movement on the range and currently it's trying to retest Resistance Area this is a perfect point for a sell trade.
"Always trade with Stop Loss"
SELL GOLD (XAUUSD)Gold may come down to 1500 near
strong support line can be seen 1800 - and 1680
But chances are pretty high that gold may touch 1500 level
DXY is getting stronger and stronger
BTC is also an option for the big investors
XAUUSD SELL|US-CHINA WAR UPDATEXAUUSD STRONG SELL
Entry Price 1775-1793
Target Price - 1681.00
Stoploss - 1815.00
Reason for XAUUSD SELL in Next Week
1. Obey strong downtrend line of 1790
2.Obey the strong support of 1783 and have not closed above the price of the in day candle and made a rejection
3. Formed a Falling bearish Wedge Pettern
4.Bearish Spinning and bearish harami Indicates teh buyers leave the market and made way for sellers
Alternative Target for Buy
If the US-CHINA war begin we can expext a trend change and expext a strong BulliSH Momentum
What 1 hr chart says ?Fundamental Description: Gold was up on Monday morning in Asia. A weaker dollar gave the yellow metal a boost, but a move towards riskier assets in Asia capped gains. Gold Price ended Friday with mild gains above $1,850 while having booked the second straight weekly gains, as the US dollar correction extended alongside the US Treasury yields’ amid subsiding aggressive Fed tightening expectations.
Technical View: Having found strong buyers once again at the bearish 200-Simple Moving Average, now at $1,849, gold price is looking for a retest of the previous week’s high of $1,870.
Alternate View: Failure to resist the latter will reinforce the selling interest, opening floors for a fresh downswing towards the May 18 low of $1,807.
What 1 hr chart says ?Fundamental Descriptions: Gold was down on Wednesday morning in Asia, with the dollar continuing its retreat from a 20-year high and countering pressure from stronger Treasury yields. Gold drops for the second consecutive day, taking offers around 1808 to refresh the intraday low heading into Wednesday’s European session, as sour sentiment joins the firmer US dollar. The market’s early-week optimism fades as China reports higher covid cases. Having faced rejection at the critical 200-Daily Moving Average (DMA) of 1836, Gold Price changed its course and resumed the ongoing downtrend.
Technical View: Gold drops for the second consecutive day, taking offers around 1808 to refresh the intraday low heading into Wednesday’s European session, as sour sentiment joins the firmer US dollar.
The immediate support is now seen at the 1800 mark, below which the multi-month lows of 1787 can be seen.
Alternate Scenario: Any recovery attempt will eye a retest along the level of 1831.
Gold Analysis !! #GOLDDescription : Chart of Gold is forming a beautiful triangle.
Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$.
Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$
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 : GOLDEN OPPORTRUNITYBullish above 1858 $
TARGET : 1963 $, 2075 $+
SL : 1760
Risk is yours and Reward is too yours totally
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.
Strong support level Gold must take support level from here
Strong weekly support and 200 days moving average support
Target - 1 $1900 and Target-2 $2000
Gold & Gold Guinea Tips & Updates - PROFIT 1,30,100+Gold has started rising from U.S. Presidential Election. I have said in the previous newsletters, bullion sector commodities are strongly bullish. How many of you bought Gold and Gold Guinea?
MCX Gold Measured Moves
I had written for the intraday traders that, " ...the day traders can follow the following targets: 51000 – 51360 – 51860+
And short-term investors can hold for 52000 – 53000 – 53560+ levels".
Intraday Calls Profit: Rs.116100+ /lot
Short-term Calls Profit: Rs.1,30,100+ /lot
Gold Guinea price setting up for a big rally
I had written in bold word, "... intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+".
Profit: 600+ Points /lot
Weekly analysis for XAUUSD, Oct 26-30Gold against Dollar pair , has traded sideways in the month of October , traded between the range between 1874 - 1932, price closes last week at 1902, it looks like the price actions supports the bearish move in the upcoming week, if it breaks the levels of 1880 at the bottom, it might go deep down of 1856 ,
If its not breaks the level of 1880 , then there is fair chance of going upwards and pave its new path for November ,
Note - analysis given for education purpose only.
Gold - US presidential electionAs everyone is expecting gold to break alltime high $2075 before US presidential election, the chart says gold will slide & trade in the range of $1736-1802 (demand zone) before making any further move upside.
Long term demand zone $1560-1682
Fibo extension supply zone @2158-2460-2685
Expecting gold not to break $2075 within 3 months of time frame.
GOLDPETAL LONG - HEAVY ACCUMULATIONAs per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes.
The following idea shows that GOLD has had very strong RSI with above 40 in the last two months.
Price breakout chart in USD can be seen below for XAUUSD.
Gold likley to be in rangeProbably a very range bound movement expected...........
The chart says it all........
XAUUSD GOLD VS USD , PRICE ACTION ANALYSISGold raises gradually from its fall of 1450 and after breaks the price of 1600 , its gains momentum ..
and it gains strength to show its new high.. this week it will try to pierce the level 1660..if it breaks go high else ....
Pockets are Full of $$$$. Will Blood Bath in Gold for Bulls Over
As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing below $1275 for their long position.
Utsav Babbar
