Gold US$ / OZ good conditional long tradeGold US$ spot if manage to close above 1755 go long for 1797-1819-1833
conditional trade to be executed only above 1855 levels,,
spring candle formation on daily time frame,,, symmetrical triangle support above 1755
bullish divergence in RSI and MACD,, good long candidate
Goldusd
Gold bounce back as hammer#Gold that gold last week when dollar kicked it down the support but it smartly climbed back to form a hammer,it may be heading north again
GOLDGold has given a positive breakout with good intensity of volume, all key levels are mentioned on chart,
one can go long at current levels or in dips (if any) with stoploss of 1803.75
key levels are mentioned on chart
intensity of volume is good at breakout candle
macd in daily time frame
macd in hourly
macd in 30 minutes
dmi and adx positive ungali in 30 min
rsi in hourly uptick
rsi in 30 min above 60 and uptick
bollinger band challenged in 30 min time frame
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
💡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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#Gold ( Good time to invest in Gold ) #Gold is showing same pattern as observed in 2005
ready for breakout for the target of $4000-4500-5000 in 4-6Year .
It's a good time to invest in gold .
Gold is expected to form its base above $1730 in july 2021 as its has also formed base in july 2005 so same is expected to happen this time also according to pattern on the chart .
Gold should not give monthly or bi-weekly closing below $1730 because this will violate the pattern running rn on the chart .
I goes below $1730 then gold may be dead heavy bloodbath can be seen tho this is not expected in the gold market till big event .
Keep $1730 as a important level and buy for heavy profits in coming future !
XAUUSD · BULLISH BIAS · JULY 2021 As NFP news early this moth made a rally or impulse to the downside in OANDA:XAUUSD , now we enter in a corrective phase to fill the vast ineficiency created by this news.
As we enter this corrective phase, perfect buy zones are 1760 - 1750, and in particular 1756.5.
I suspect that the corrective phase will last 25 - 35 days.
Is perfect moment to activate EAs in this particular moment, as they perform better in ranges and or in trends.
XAUUSD (Signal) for June 15, ISTThe Decreasing Momentum and Rising Inflation.
Gold is Expected to be Down Today. (June, 15, 2021)
The Rising Inflation is the killer for Gold Price Action Momentum.
This is the Reason of Depletion of Momentum.
Traders are in Extremely Fear Sentiment.
The Current Momentum is suitable for Scalp Traders.
Currently t the Time of Writing Price Action is lying in the pivot range.
Overall Strength Bearish.
Expected a 1.20 Dollars Up from the opening and 6.00 Dollars Down from the Opening or from the 1.20$ Up to Down 6.00$.
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💡GOLD (XAUUSD) - Weekly Technical Analysis Update
Midterm forecast:
1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1762.55 is broken.
Technical analysis:
A peak is formed in daily chart at 1916.50 on 06/ 01 /2021, so more losses to support(s) 1875.15, 1848.50, 1828.25 and minimum to Major Support (1762.55) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 53.
Take Profits:
1762.55
1828.25
1875.15
1959.30
2075. 05
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💡Ne manquez pas la grande opportunité de vente dans XAUUSD
Conseil de trading :
". Il existe toujours une possibilité de retracement temporaire vers la ligne de résistance suggérée (1897).
si tel est le cas, les commerçants peuvent fixer des ordres en fonction de l'action des prix et s'attendre à atteindre des objectifs à court terme."
Analyse technique :
. L'XAUUSD est dans une tendance baissière et la poursuite de la tendance baissière est attendue.
. Le prix est supérieur à la moyenne mobile exponentielle pondérée à 21 jours qui agit comme un support dynamique.
. Le RSI est à 27.
Prise de bénéfices :
TP1= @ 1875
TP2= @ 1848
TP3= @ 1828
TP4= @ 1797
TP5= @ 1762
SL: Break Above R2
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Vendre sur rejet de prix inférieur à 1
SL: Break Above R2
Ceci est un exemple de prévision
Prévisions intrajournalières
💡Don't miss the great sell opportunity in Gold (XAUUSD)
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1897).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 27
Take Profits:
TP1= @ 1875
TP2= @ 1848
TP3= @ 1828
TP4= @ 1797
TP5= @ 1762
SL: Break Above R2
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1762.55 is broken.
Technical analysis:
A trough is formed in daily chart at 1756.05 on 04/29/2021, so more gains to resistance(s) 1959.30, 2000.00, 2075.05 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 76.
Take Profits:
1762.55
1828.25
1875.15
1959.30
2075.05
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XAUUSD - LONGDescription:
The counter XAUUSD’s price started moving upwards in the ascending channel. The formation of the ascending channel indicates the counter is in the bullish trend. The price is still in the channel and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. Already the counter is in the bullish trend and the trend is expected to continue further. The upward movement of the MACD indicator gives additional support to the description.
The major levels for this counter are
R2 – 1908.44
R1 – 1888.98
PP – 1870.58
S1 – 1851.21
S2 – 1832.72
Gold battle between buyers and sellersFor the past two trading weeks gold was trading within confined range and unable to break on either side 1795,1760 was acting as strong barrier.Kindly watch the break out/down for potential buy/sell Upper side target would be 1815 and on downside immediate target would be 1750.