Gold left me without giving me swing entry.. on daily time frame i also published that idea earlier and moved as it was expected. Now by looking at the momentum i sense 1690 level coming soon.
Will be waiting for redistribution in LTF at POI as a confirmation for sell, until and unless market doesn't break UTAD, XU gonna drop. Seasonal'S say gold goes up in august, which is strong possibility; but I can’t tell if they're going below may'S low, 1786, then shoot up or just stay sideways then shoot up. Overall it's near to critical zones for decision...
Gold gave almost Flat returns in 10 years whereas Bitcoin gave a whopping return in 10 years. Do you believe if Gold is a good investment ?
Technical outlook From a technical perspective, the recent price action constitutes the formation of a rectangle – a continuation pattern - on hourly charts. Sustained weakness below the trading range support, around the $1,733 region, will reaffirm the near-term bearish outlook and make gold price vulnerable. The downward trajectory could then drag the XAUUSD...
Gold Price is giving back the early recovery gains, as bulls face stiff rejection just below the $1,750 barrier once again. An unexpected negative shift in risk sentiment on news that ex-Japanese Prime Minister Shinzo Abe was shot in the chest at an election campaign speech in Nara. He was immediately taken to hospital but reportedly he was showing no vital...
Gold remains inside a four-month-old descending trend channel despite a recent corrective bounce off the yearly low, mainly due to the oversold RSI. The recovery moves, however, failed to cross the 78.6% Fibonacci retracement of the metal’s upward trajectory from August 2021 to March 2022, near $1,755. In addition to the $1,755 hurdle, a horizontal area comprising...
Gold technical analysis At the lower timeframe, the gold prices are forming an Inverted Flag that signals a continuation of a bearish momentum after a rangebound phase. The downward sloping trendline plotted from $1,812.15 is acting as a barricade for the counter. The declining 200-period Simple Moving Average (SMA) at $1,787.75 adds to the downside filters. It...
After the last fall in gold with strong USD , gold needs correction before the final fall to 1700-1680 level. For the corrective ABC wave we are putting the target of 1774 and a stop loss of 1730 with the entry from 1739. BUY GOLD FROM 1739 TARGET 1774 STOP LOSS 1730
Xauusd looks bearish below 1815 . Sell - 1812 Target - 1800 , 1760 Sl- 1823
Trend is Down . If Price break throw Level 1815 to 1825 it Consider that Up trend is start & we enter with pull back. if Price Is reject on that level & will see BUY pressure with momentum Candle Go for Short. Good Luck For next Week.
Recovery appears limited by $1,821, with death cross in play. - Gold Price attempts minor recovery above $1,800 despite firmer Treasury yields. - US-China optimism lifts the overall market mood, as all eyes turn to the Fed minutes. - XAUUSD sees limited upside, as a death cross remains in play on the daily chart. Looking for Selling Opportunities in it,...
XAUUSD reached an intraday high of $ 1,814.41 and found buyers at $ 1,803.93. From a technical standpoint, the metal is neutral to bearish on the daily chart, trading well below a bearish SMA of 20, which is currently converging with a descending trend line at $ 1,831.70. The Momentum indicator is flat around its midline, while the RSI indicator consolidates...
Gold is currently trading in range , we already seen good bounce from the recent Low/Support 1785, We have to wait how Price Behave if it test the marked Zone (High Volume Zone ) 1805 area .If able to hold on this zone then we can think about the buy otherwise more decline/Re-Test possible. **Previous Idea Comes true***
Hello traders In the weekly time frame, I checked gold based on the Elliott strategy. A strong bearish movement begins... 1.trend line break 2.strong seller candles 3.trend pullbacks to support lines. What do you think, friends?
The decline in gold as of late has brought XAU/USD deeper into the 1787 – 1810 support zone. Clearing this range could be a sign of further pain to come for the yellow metal. Guiding the pair lower has been a falling trendline from March. In the event of a turn higher, this line could reinstate the dominant downside focus. Extending losses would place the focus on...
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As this zone is holding well and Gold Tested this zone many times so we can expect decline after breakdown of this zone .
wait for breakout/breakdoen confirm candlestick pattern and go enter tp is demand and supply zone