Gold buys may be comingWill we see a reversal coming for Gold... If you take a look at the Dollar Index you will also see sells may soon be coming... Let me know what ya think below....
Goldbuy
GOLD Long Gold is coming down to a support zone, I will be looking for buying opportunities when reached, I expect a push up from 1800 to 1845 in the coming week. BUY!!!
When the Dollar fall each time, Gold increases a few foldsMany got distracted when Gold was trading in a range the last few years.
A question for you to ponder over:
Will there be a situation where interest rates continue to rise and yet a lower Dollar? Why?
Let me hear thoughts, I would love to exchange ideas with you.
Included last two videos link below, I explained:
i) Gold is still an inflation hedge
ii) Gold it is also a currency hedge
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 = $1,000
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xauusd long for this weekgold hited a good support zone this week and I hope to see either the fl or end cp fl the two major demand zones, I believe there's a slight chance to have a short from first demand zone to dp (lower support zone) and then a long to next demand zone.
GOLD BULLISH SCENARIOXAU has broken the resistance level of the Falling Wedge pattern, which opens the instrument for a possible bullish movement.
If this scenario fulfills, the price might try to reach levels of around 1885.7, in the opposite scenario, the price might fall to 1825.
MACD indicator is confirming the bullish outlook with the histogram being above 0, while RSI is indecisive and is below the neutral line.
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GOLD BUY IDEAHaving analysed gold using Fib to calculate waves 2 and 4 i noticed wave 2 to never have completed a move to fib 0.5. hence i did expect wave 4 to also fall short of the 0.5 wave. Now Gold seems to have completed Wave 4 correction of wave 3 internal wave , using Elliot wave theory we should be growing from here to 1982 or 2022 to complete wave 5 of 3 internal wave. Wave 4 triangle corresponds with RSI. Comment below
GOLD BUY IDEAHaving analysed gold using Fib to calculate waves 2 and 4 i noticed wave 2 to never have completed a move to fib 0.5. hence i did expect wave 4 to also fall short of the 0.5 wave. Now Gold seems to have completed Wave 4 correction of wave 3 internal wave , using Elliot wave theory we should be growing from here to 1982 or 2022 to complete wave 5 of 3 internal wave. Comment below
XAUUSD LongGold has broke descending triangle, I expect a push up to local highs to retest resistance. BUY!!
GOLD 2HHey traders, in today's trading session i'm are monitoring GOLD for a buying opportunity around 1858.74 zone, once I will receive any bullish confirmation the trade will be executed.
GOLD Potential Long Gold has reached a strong support and rejection off the trend line. I expect a push up to retest break of structure. If support is broken the next bottom is 1825 - 1830
Gold's short-term daily expectationChannel of 1780 to 1840 is very important right now and current trend range.
We already see reversal from channel floor so there's high chance for immediate rise on market open.
A break below 1780 channel floor with daily close may change short-term to down-trend with potential as low as 1708.
This is the less likely scenario.
Crypto market uncertainty may cause rush into Gold and other precious metals.
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Do your own research and practice caution while trading leveraged products or trading in general.
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XAUUSD Potential BuyThere is potential for gold to continue its upward trend and push up 30 more pips from current pricing area before seeing a steep retracement back downwards. A move forward may be triggered by tomorrow's USD GDP announcement as well, which is expected to temporarily weaken the US dollar. Current MA Indicators are still showing strong signs of bullish movement.
I have based my analysis on the last time XAUUSD saw current price points in April 2022.
Buy Entry: 1948.00
Targets: 1951.00 | 1953.00 | 1955.00 | 1957.50 | 1963.50 | 1967.00 | 1970.00 | 1972.50 | 1974.50 | 1977.00
Resistance: 1980.00
Be sure to like this post and let me know what you think in the comments below!
Waiting...Not expecting much on Gold today before FOMC, lets see what happens!
Let me know your thoughts too!
Gold Buy setupHello traders , this is a high probability gold setup
Buy limite order :
Entry : 1823.7
stop loss : 1920.7
take profit : 1838.5
If you like my idea follow me and support me hope you having a good trading
GOLD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Waiting...3 places im looking for buys today (One will be a straight break and retest if we break the highs), or if we fake-out current days high and take out the current days low i'll be looking for reversals for buys around the 1939.000 level, if that breaks i'll be waiting for price to hit the demand near the 1H low (Close to Ydays imbalance fill) and see if we get confirmation there!
Let me know your thoughts!
buy gold1:2 Risk reward gold trade
gold is bullish until 1950 price level
and it will turn bearish there
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Waiting...Gold - waiting to see if price breaks above 1935.890 for a straight daily continuation, if price fakes the HOD it will probably attack the LOD, if so ill be looking for confirmation/buys around 1929.400 and if that breaks i'll be looking for shorts down towards 1916.500!
Let me know your thoughts!
Waiting...Gold: 1921.266 is my zone of interest for London open, I want to see if we bounce or break, if we break with confirmations ill look for short term sells, if we fake-out/close above, ill look to buy back to the top of the range with confirmation!
GOLD possible buy zone!!Currency Pair : GOLD
Possible direction : Bullish
Technical Analysis : On market opening GOLD bulls has grabbed liquidity and prepared for another bullish move. From multiple timeframe perspective all timeframes ( Monthly, Weekly, Daily, 4h and 1H is aligning for bullish setup). As long price action is bullish, and there is no significant resistance for the price to stop, highly likely GOLD will have another take off towards moon!
Possible trade recommendation : Bullish on the retest of the previous resistance turns support
Press like button if you enjoy.
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XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
