BULLISH SIGNAL FOR XAUUSD / GOLD ON CPI With the major data in line that is US - CPI data which is expected to come positive the Gold is set for another bullish run .
With the falling wedge formation the support will be 1718-1720
Target 1 : 1775
Target 2 : 1805
Stop loss : 1710
Xauusdlong
Gold is Currently in Consolidation | Low Volume DayGold 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***
xauusd side waysthis is education purpose and use reference once only !
Fibonacci ratio sequence ratio calculating
fib extention custom 1 to 1:5 ratio, including
focus the range buy and sell .
use for correct entry
fib custom -1.5 , 0, 1.3, 2.6, 3.9, 5.2(contant), 6.5, 10.4
use the accurate entry will work it. 0.2 and 0.3 may difference.
good work and increase your profit ,
GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1850.00, resumption of uptrend is expected.
We make sure when the resistance at 2075.00 breaks.
If the support at 1850.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1850.00 is broken.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
While the RSI resistance #2 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1998.30 on 04/18/2022, so more losses to support(s) 1875.00 and minimum to Major Support (1850.00) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 41.
Take Profits:
1790.08
1804.23
1814.96
1831.00
1875.00
1958.29
2000.00
2075.00
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xauusd short and long for reference(gold) i dont say any thing ;
eat some food;
save increase your energy for brain ;
im expecting gold will fall or up;
fall is still good and up is poor bad ;
there is no target , choose your way ;
there is only chances big bullback 1840 to 1830, save your money
but we are all same thinging sellers!
inflation is too high EXAMPLE: cooking oil, crudeoil , soap, food price and more etc ,.tom high impact
xauusd (gold) parabolic pattern xauusd (gold) parabolic pattern
what is the using of parabolic patttern?
when will trendline breakout fib 60% tracement target,
I saw this pattern recently read in my book ,priceaction oldschool trading like a price action strategy(book);
see will work or not !
above breakout 1924 ; target is 1928 t0 1937
pink trendline breakdown below target is 1890 to 1884
today is month end goodluck
caution: use for reference , just think above or below
good
💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1872.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1902.9
TP2= @ 1920.0
TP3= @ 1938.7
TP4= @ 1958.5
TP5= @ 1972.5
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1891.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1919.3
TP2= @ 1938.0
TP3= @ 1958.3
TP4= @ 1981.2
TP5= @ 1998.2
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️