Long XAUUSDEntry: 1775.888
SL: 1769.312
Target: 1817.683
4H OB and NFP data can give a good push, I'm expecting Gold to cross 1820
Xauusdupdates
XAUUSDXAUUSD 15m Chart, Enter based on break of 15min consolidation area of Pre-NY session. SL below current 15m candle
XAUUSD - RANGE BOUNDDescription:
The counter XAUUSD is moving in the parallel channel. The movement of the price is between the price range of 1769.13 and 1960.41. Specifying a particular trend is very difficult when the counter is in the parallel channel. Today the counter has tested the support baseline of the channel and there is no indication for a breakout. The market’s pressure may push the price even more upwards. The curves of the stochastic indicator are at level 20 which gives additional support to the description.
The major levels for this counter are
R2 –1809.60
R1 –1796.71
PP –1778.65
S1 –1765.76
S2 –1747.70
XAUUSDMarket broked the resistance and retested above it, and again brokke it while price breached the flag pattern too at the same time.
GOLD LONGHello Traders,
OANDA:XAUUSD
Price is moving into Flag Range and as seen in the past whenever price came near the 200MA(1D) the price Jumps. (Similar situation)
Hoping GOLD now Reverse Back and moves UP.
XAUUSD Idea 11-08-2020 Trade carefully at this levelXAUUSD Idea 11-08-2020 Trade carefully at this level
GOLD SETUPS FOR THIS WEEK !!Alright so, what kind of situation we have in gold for the coming week??
If we see Friday's closing it closed pretty high at 1735 level. So, for the coming week 1725-1735 region will serve as a strong buying region and if prices test 1717 levels then it is a must-buy don't miss that great buying opportunity.
While on the other hand 1765-1773 region will serve as take profit region as we have to see the market reaction at that point!!! ***But do not short!!!!
We are seeing no indicators in this analysis and it's completely on price action.
XAUUSD is following the trend channel beautifully giving us a strong buying signal here.
Also, there is going to be a rally to 1800. So, if in this week we get a daily close above 1775 and prices stabilizes there for some time then we might be taking another long there!!! But after confirmation.
FOR FURTHER UPDATES STAY TUNED WITH US AND FOLLOW ME!!
ANOTHER RALLY IS ABOUT TO BEGIN SOON!!!!Yesterday, gold prices retraced back to 1740 region. Now, as we said earlier that anyone who took a short according to previous analysis then it's a good time to take profit here.
As gold is a highly bullish pair for now. We might have to see the market reaction at these two points that if it hovers over this 1730-1740 area for some time and our strategy satisfies, then we can take a long from here. And if prices break from here then we will long again from 1710-1717 region.
IN BOTH TRADES TP WILL BE OF REGION 1760-1780.
Just, wait for an upper breakout either from 1740-1730 region or from 17010-1717 region and we are good to go long.. :)
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STAY TUNED!!!
PULLBACK COMING IN XAUUSD!!!!Okay so, on Friday we have seen day closing at 1741 with 1751 high. We can see that resistance is provided at 1750 level and is expected too as this region holds multiyear resistance.
So, we have taken a short here as we said in our last analysis on gold. But, on the other hand we need to keep in mind that gold is highly bullish and a little overstretched towards upwards. This trend will continue but this pullback will be needed to attract more buyers.
According to me, buyers must enter at 1700-1711 levels as there is the support of the trendline, and if price breaks from here then buyers might look to enter at 1670 levels approx.
But prices are more likely to rebound from 1711.
So, we have to take profit at 1711 range or at least moe stop loss to secure some profit. There are fewer chances that prices go below that level this time.
This may be the situation in gold at this time.
I hope you like this analysis of GOLD!!! :)
XAUUSD - Can we enter in a trade ?Okay, so gold has been confined in the triangle for almost 1 month. It constantly made lower
highs and higher lows!!! And 1670-1685 region holds some strong support as price tested this region so many times but always made recovery from there. Also, 1610-1615 region is tested too many times also.
It is clear that if this triangle breaks above then first resistance will be provided at 1720 and it's also possible that market may remain stable at this point for sometime before breaking above or lower.
Also, we are stuck in the 1740-1670 range too. So, if 1720 breaks and 1740 breaks too then we may see a movement of about 40-50 USD upward and if prices breaches 1670 then we may see 40-50 USD movement downwards.
However, we are still more biased towards upward breakout because GOLD is still in bullish territory a little stretched upward but as I said earlier " GOLD is HIGHLY BULLISH!!!!".
But we will not get into any swing trade till we get a breakout. Also, there may be a breakout upward and prices may hover at 1720 for sometime. If, prices breaks above 1720 and gets stable then only we can go long because 1720 is strong resistance too.
Till, then we will KEEP CALM AND TRADE OTHER CURRENCIES... :)
If you like this analysis then drop a like and comment what do you think about gold?
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XAUUSD IDEAOkay, so, last week we have seen a beautiful rebound from 1671 levels which will be acting as strong support. On the other hand, gains are still capped till 1740 as this level is tested approximately 4 times in the daily chart. So, it is clearly showing strong resistance at 1740. If this level breaks, bulls will face immediate resistance at 1667, but it may get cleared easily if 1740 is broken and 1800 levels may be seen soon.
Still, there is a strong confluence of indicators at 1707. So, if 1707 breaks easily, then it will be a great long opportunity as then 1740 level may test once again. WHICH WILL BE A GREAT OPPORTUNITY FOR US.
WE ARE STILL BULLISH ON GOLD. SO, IF YOU DON'T WANT TO TAKE LONG POSITION THEN MUST NOT TAKE SHORT ALSO, BECAUSE IT'S STILL HIGHLY HIGHLY BULLISH!!!!
EITHER GO LONG OR BE NEUTRAL TILL 1740 BREAKS.
FOR LONGTERM TRADERS, JUST BUY AND TAKE PROFIT AT 1800. THIS MONTH, GOLD MAY REACH THIS TARGET.
BUY XAUUSDAs we can see that at the beginning of this week XAUUSD was going down but it clearly got a strong support at 1700 level and we are getting this short triangle nearly ending and its showing upward potential, and if this happens as we thought then after breaking and stabilizing above 1740 levels will give a bull run towards 1800 levels. So, it's a great buying opportunity for long term traders with almost 100 USD to bag.
It's a great opportunity, so go for it!!!
BUY IT NOW!!!!! FOR GREAT SWING. :)
XAUUSD What's happening?After Friday's doji prices are falling but got a good support at 1705.
Prices may take a downway to 1678 approx. which holds a strong support, if broke this then we may be seeing 1640 levels or may be all the way back to 1600 AGAIN!!!! but this have low chances due to the bullish pattern. So, 1670-1680 will be a good place to buy gold again with a target of 1740.
AND IF WE SEE A BULLISH CANDLE TODAY OR IN THIS WEEK WITH 1706 SUPPORT HOLDING. THEN THERE ARE HIGH CHANCES THAT IT WILL BE THE REVERSAL AND END OF THIS SHORT TERM BEARISH TREND. THEN ALSO 1740 TARGET WILL HOLD AND BREAKING OF 1740 WILL LEAD TO 1760 (THIS WILL HAPPEN SOON OR LATER!).
FInally, stay in buy for gold for now if have any open positions let then running, It will move up definitely within a week or two or maybe this weeks end (most probably from Thursday if today's closing come below 1713).
SO, be neutral in gold now. (DAY PERSPECTIVE)
AND MACD GIVING SELL SIGNAL SO CAN TAKE A SHORT SELL FOR 1670 TARGET
XAUUSD SHORT TERM TRADE SETUPGold is favored to have ended the cycle up from 8/16/2018 lows where the daily right side is up. The 4 hour is turning down against the 2/24/20 highs at 1689. While below there the metal can continue lower to correct the cycle up from the 8/16/18 lows.
XAUUSD TRADE SETUP Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. The 4 hour right side is up against the 1/14/20 lows at 1535. While above 1547 where the hourly right side is up the metal can see strength continue toward the 1670-1700 area before it corrects the cycle from the 1/14/20 lows.
XAUUSD TRADE SETUP Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can continue higher in wave I toward the 1700+ area before it corrects the cycle from the 12/12/17 lows.
GOLD IS SAFE HEAVEN!!!!!!!!!!!Hey, We can see that last week's gold prices were flat, but this week it can go down to 1488-1480 again!!!!! but my suggestion is to strong buy at any price close to 1480 for 3-4 days holding and for intraday 1486-1487 will be considered safe. The market will open for down about 2-3$ but it will rally up, I attached the resistance levels too.
Gold | Descending Triangle - Short below 1400Descending triangle pattern spotted in Gold,suggesting bearish bias. Though the base of the pattern falls on 1403, immediately below is round number 1400. Hence it is advised to initiate short only if price closes below 1400 with stop above the falling trendline and target at 1380. Manage to book some profit at 1388 if price traverse through our predicted levels.
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