Gold Buys Gold anticipated to buy After reaching the support and completing 90% rule of the pattern it has previously broken for the bears. A Buy signal should be seen along with candle stick formation as it takes off to the top. Already at the resistance, a reversal arc is seen with long wick candles showing rejection to the downside and formation of double bottom , increasing probability of upside with third touch in the descending channel.
Goldbuy
TeconLab_S1 XAUUSD BullishDear Traders,
The TeconLab team has developed a new research method using price decomposition analysis to forecast future trends for currency pairs.
Our latest analysis of XAUUSD (Gold) indicates a bullish outlook. Please review the attached chart and set take profit levels accordingly.
If the trendline breaks to the upside, after it retest the trendline we get the second long position and hold it for the second take profit.
Then we wait for the drop near wave 4 and take the third position and wait for the third take profit.
We are optimistic this innovative approach can deliver strong profits with high accuracy.
Your likes and feedback provide valuable motivation as we continue improving our models.
Current pairs under research include:
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDJPY
USDCHF
EURGBP
GBPJPY
XAUUSD (Gold)
Please let me know if you have any other suggested pairs for analysis. We aim to provide actionable insights that can drive improved trading performance. Thank you for your interest and support.
Regards,
The TeconLab Team
XAUUSD Gold 1 hour breakdownWe are back into the range we were stuck in last thursday, based on this I would be cautious on taking any trades untill we get a rejection at the support or a close below the support so that price can continue down.
until we see price make a decisive move, I'd be wary of taking trades in this range as it can get messy.
Gold bugs to reclaim 1950?We suspect gold has printed an important swing low at $1925, and are now seeking a move towards the $1950 - $1953 zone.
The bullish engulfing candle on the 1-hour chart was accompanied with heavy trading volume to show demand around $1930. Yet the prior consolidation area has heavy volume around $1935, which means it is a potential level for support for dip buyers to focus on.
Prices have already retraced overnight, so we're now seeking evidence of a swing low for a potential move to $1950 / $1953.
XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS...
After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.
XAUUSD LONG!! Hey Traders,
Our latest analysis on XAUUSD, so we expect bullish move in lower-time frames,
We have clear POI in 1min, as I am writing we just touched demand area,
We need to see more price in CP, so let'os watch out,
As we can not share 1m analysis so here I share, but check it in 1-minute time-frame
Any question comment me bellow,
Thank you,
@FxShzd team
XAUUSD 4h buy stopGiven the 4h candle has opened and created a very steep bottom wick within the first 10 minutes, I have a high expectation of price moving up and breaking the high, triggering the buy stop we have set and allowing us to scalp 10-20 pips with minimal risk.
The 4 hour candle has closed above a level we have highlighted previously which is very significant as far as Price Action goes, and now that we have created this structure on the 4h time frame which is a strong indication of long term momentum we can anticipate price to continue up.
XAUUSD 1h analysis - potential buy opportunityLooking at Gold on the 1hour halfway through the current 4 hour candle, we can see price is rejecting the range we have highlighted.
Should price close above 1966, if price creates a bottom wick touching the 1963 and below level, before moving back up and breaking it's own highs above 1966 we can take buys immediately based on the fact we have closed above a key level, grabbed liquidity and have the volatility to continue the move up.
Should this play out I will be taking a trade at normal risk of 1-2% with stops below the most logical recent lows.
Gold broken above wedge new target $2,081Falling Wedge has formed on Gold since April 2023.
This has been a turn for the good.
We've seen the price breakout and now we can expect the demand to continue.
7=21>200 - Bullish
RSI >50 (Buy divergence with the level breaking the downtrend.
Target $2,081
This will reflect on gold companies too which we can be bullish on. Happy to go long here.
GOLD 4H (it looks bullish while above 1930)GOLD
technically still has a bullish trend while above 1930 but to conform bullishly should stable 1930 to touch 1953 gradually
so now will try to touch 1930 and then will start a bullish trend
but if breaks above 1930 by closing 4h then will drop to get 1921
pivot price: 1930
Resistance Price: 1942 & 1953 & 1973
Support price: 1921 & 1911 & 1900
The movement range will be between 1930 and 1953
tendency bullish
GOLD Buyas Gold was overall in sell position and has completed a falling wedge pattern on Daily level as it has formed ABCDE and heading upwards it seems like it will retest (because we have a confluence on H1 is 200 EMA is showing a downward move) its 1911-14 level of support level and will rally upward another scenario could be that it looks like rally base rally then it will be a buy setup from here 1918 to 1929 level of Resistance which is also a trend line resistance of Daily level we will be buying this commodity from this level, another confluence is on daily level it has formed a Morning star which is a bullish signal..
GOLD buyas we have seen gold has shown a beautiful short setup previously after a buy signal and we also know gold overall trend is downward trend as always said trend is your friend and we strictly follow this principle and i have drawn a H1 Bearish Trendline and gold had a Resistance on that previously now and today gold is on daily Major Support level and i expect gold to pul back and break this consolidation and go upwards to its H1 trendline also gold has given three bullish candles which carry alot of buying pressure so we will be buying gold from here to our safe zone of 1929 level and then to trendline 1940 level
GOLD (Bad Week With the War Situation )GOLD
the price of the will start at the bullish trend and the main reason will be the based situation in Russia, so that will support the price to push up to reach 1953 and then above it will be 2000
but otherwise if stabilized under 1920 will drop to touch 1875 for the next week
so be careful the direction of GOLD will move depending on the Russia situation and the news in the US for this week
pivot price: 1920
support price: 1905 & 1890 & 1875
resistance prices: 1953 & 1973 & 2012
A tendency for the next week: Bearish with volatility
The expected trading range for this week is between the support 1911 and the resistance 2000
Potential Buy Setup on GOLDThere is currently bullish momentum on gold, the previous 4-hour closed strong and bullish with the overall trend on higher timeframes still being up.
Realised there is HIGH IMPACT NEWS happening soon so looking to monitor and manage risk accordingly.
R:R 1:1
Currently entering Buys on gold at 1957
Stops to entry at 1960
Looking to exit the trade at 1967
Leaving runners to 1977 where there is strong resistance.
Whats are your thoughts and opinions?
:)
XAUUSD BuyExpecting XAUUSD to see some bullish continuation after a drop to price 1932.00 back up to 1960.00 last night. MA indicators and a strong Gold trend vs a weakening DXY also supports this idea. A break below price 1950.00 may indicate bearish movement.
Buy Entry: 1962.00
Targets: 1965.00 | 1969.50 | 1972.50 | 1976.00 | 1979.50 | 1982.00
Resistance: 1985.00
Support/Stop Loss: 1950.00
Be sure to follow, like and let me know what you think in the comments below!
XAUUSD NEXT POSSIBLE MOVE XAUUSD NEXT POSSIBLE MOVE : as gold has successfully smashed our 1:18 tp and mitigated our new demand area and shown us the change of character also therefore i am entering in long (buy) position her my R:R would be 1:& here i will be targeting 2000 here
fell free to ask any question
GOLD short BUY View....
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