Gold against Dollar have been bullish for last 2 weeks, almost it reached the area of the price where it was in starting of March, So close to enter a new month expecting Gold may go up in coming weeks, this week it could be slightly bullish or in sideways.. Analysis only for education purpose
GOLD has been trending down in the past few months, price still looks weak. It has made a parallel channel on the downtrend. It's forming a reversal at the bottom trendline as of March 2021. We may see some good buying momentum if price takes support in the following area.
Two Possible Supply Zones as Marked. ZONE 1 : Entry : 1751.141 Take Profit : 1742.06 ZONE 2: Entry : 1754.058 Take Profit : 1740.00 Common Stop Loss : at 1756.435
Gold keeps the previous day’s pullback from a multi-day-old resistance line, forming part of the falling wedge bullish chart, while easing to $1,733 during early Friday. However, the metal’s sustained bounce-off 10-day SMA suggests another attempt to confirm the bullish chart formation, by crossing the $1,745 hurdle. Should the bullion remains strong above $1,745,...
Gold is making leading diagonal in wave 1 of reversal and will complete its diagonal structure just above wave 3 high. Watch out for the investment
Trading Signal: There is a Trading Signal to Sell in XAUUSD Gold Traders can open their Sell Trades NOW If you liked our ideas, please support us with your likes 👍 and comments.
Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it,...
A clear H&S pattern on 240 minute chart , We have some strong point like It previously test 9 months low on daily and it maintained descending channel lower support around 1672 level and and it might take some time near 1740 zone to break but if it able to clear above this level once and closed above this 1740 zone it surely go 1770 zone in next 2-3 weeks.
Further fall or Reversal? Let's see. Currently Riding the lower Bollinger Band ...... Might take support at $1560 / Oz.
On 15 Feb 2021, I have written an article on Gold. First, click below & read again: URL: I have written in that article, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46860 – 46600 – 46000 – 45660 – 45200 ". Gold has touched all targets. NEW UPDATE: ============== Keep eyes on the retracement value...
With the US dollar easing ahead of the Fed and bond bears are also catching a breather, gold heads to the key upside hurdle on the four-hour chart. That said, the yellow metal portrays an “inverse head-and-shoulders” bullish chart pattern that seeks confirmation from the neckline breakout, currently around $1,741. While a sustained break of $1,741 theoretically...