Today, I will talking about GOLD which has given us quite interesting price action. I will be expecting a little consolidation which can result into taking highs and lows, but nevertheless, I will be looking for bearish move during London session.
trend changed to downtrend best selling poi zone marked.
Gold price grinds lower between a three-month-old ascending resistance line and an upward-sloping trend line from late March. That said, the quote recently bounced off a convergence of the 21-day EMA and an upward-sloping support line from March 22, close to HKEX:1 ,980, which in turn suggests the commodity’s further recovery towards the HKEX:2 ,020 immediate...
If news also helps this will work 100% in my opinion, anyway bullish for gold lets see...
EURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus Take a long postion with a risk/reward ration of 1:3 . Also COT data is in favor:- EUR - 163,338 Net positions GBP - 2,398 Net positions While many short positions has been closed in GBP , but it still may go long before a reversal
OANDA:XAUUSD As you can see that gold has created channel and if it breaks the drawn level tomorrow (Monday- 17-04-23) and gives pullback then we can take entry at sell side. plan your trade accordingly...
It formed a W on a daily chart , so now we can see the reversal or it may go up again to make ATH near 2100 range before coming down. Let's see what next week holds for us . Happy Trading Good luck
Based on the Retail sales & Core retail sales data favor gold rise. I am on buy.
We can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the HKEX:2000 on the daily bear flag or dropping below that can swing the reversal to supports at TSE:1980 and then $1950. It can form the M here or if it broken can test ath of TSE:2070 which is much less likely as it may go to test ...
xau sniper setup high probalility do your own analysis first
Xauusd market was retesting a triangal Long trad Long Profit...
Gold price seesaws near the highest levels since March 2022 inside a one-month-old bullish channel. The bullion recently makes rounds to the upper line of the stated bullish formation amid overbought RSI (14), which in turn suggests that the buyers are running out of steam and a pullback is in the offing. The same highlights the 61.8% Fibonacci Expansion (FE)...
Today, I want to talk about GOLD. It has given us quite interesting price action. Monthly, Weekly and Daily are BULLISH. we need a little retracement before the BULLISH continuation.
as we can see dollar are week we can expect gold go for long around 2075 or may be more then that
GOLD long from support level for marked price target.
Today, I will like talk about GOLD which has given us quite interesting price action. The overall bias is BULLISH on HTF(MN, W1, D1), but It has given us a quite interesting price action to sell from. so I will be looking for a little BEARISH retracement before the BULLISH continuation.
Today, I will like to talk about GOLD, it has given us quite interesting price action. I will be looking for SHORT today(11 April, 2023) before the overall Monthly bullish bias.
The market looks bullish because it already broke 1 Day timeframe breakdown and till now gold only hitted target 1 and if I’m not wrong it will go up above 2050 to hit Target 2.