XAUUSD Death Cross is SO CLOSE !!!50 MA --> 🟢
200 MA --> 🔴
What is Death Cross ?
The death cross is a chart pattern that signals a growing weakness in an asset's price. It comprises two separate lines called “moving averages.” Each moving average line (MA) is formed by calculating the average price over a certain period of time and using those points to create a smoothed line.
An example of a death cross is circled in gray.
If you want to see indicator signals:
Median : Sell
Parabolic SAR : Sell
SuperTrend : Sell
Awesome Ossillator : Sell
Williams Alligator : Sell
Support Level :
🛑1805-1810
Resistance Level :
🎯1830
🎯1865
Not Financial Advice
Goldusd
Gold : Intraday Technical AnalysisGold is getting consolidated around 1820-1830. The price action of gold got rejection at 1840. Gold is getting consolidated to make a firm base around 1830 before making a move . My idea for gold remains same with entry at 1825-1830 with the target resistance of 1840-1844.
1855 and 1875.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Gold daily analysis 28.06.2022Yesterday gold tested its support at 1818 at resistance at 1840 near the downtrend line. Presently gold is in bearish trend forming lower highs and lower low. There is a downtrend channel with support at 1818 level which is test more than once.
Today I see gold will test the upper boundary of value zone at 1835 and start pull back to test the support 1818 and then 1808. Since price is stable near the 1818 level since some days I feel we can see the testing of further lower support at 1808 and 1800 if there is strong momentum and volume in US session.
However keep in mind that the levels at 1800 to 1808 may act as strong trigger levels for bulls and we can see reversal.
So for today we will go scalp sell with small target.
Sell 1836 SL 1844 TP 1822
The 50 Dema and 200 Dema are near. This shows the sideways momentum since month worked well in bringing prices to original levels. Now markets are in sideways. So dont trade against trends and have targets within value zone.
In US session we have important news today. So be careful then.
GOLD (XAUUSD): Very Bearish Outlook 🥇
Hey traders,
As I predicted, this week was very bearish for Gold.
I believe that the market may keep moving similarly.
I will expect a bearish continuation to 1808.
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Please, support my work with like, thank you!❤️
Gold daily analysis 27.06.2022Gold is at its key price testing for support of bulls. Presently gold is consolidating after testing its support at 1818 which is weekly support. Gold is in bearish trend and the momentum is decreasing for bears. So we need a trigger level for bulls to show up. Until then price will consolidate in sideways.
The resistance levels are at 1845-1856-1864-1874
The support is 1804-1816-1825
Today we can see for small scalp sell when price tests the 1840 level.
Sell 1840 SL 1846 TP 1818
However if we have a strong breakout above 1840 then price will start to rise. So take small SL and sell.
This week there are many important news and month end. Be careful and trade.
I personally feel the levels near 1800 to 1820 are good to buy in intraday
Gold : Intraweek Technical AnalysisThe gold is ripe for an upward move. The price action of gold tested the support of 1815 throughout the week with resistance at 1845 and 1855. My idea is that the fundamentals of gold have gone strong. The supply is getting cut off . the yellow metal will try to break the resistance of 1855 as soon as the market opens. My idea is to take entry below 1830 with a second layer at 1815. My targets for intraweek will be 1855 and 1875.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Gold Drifting down Summary-
The gold markets have pulled back but they have recovered quite nicely. They are closer to support than Bitcoin is so I think it probably continues to outperform. I would anticipate a lot of noise but if we were to break down below 1800, then I would get aggressively short. on the contrary a break above 1880 is an aggressive long. In the meantime, we are going to bang around just like we have over the last couple of days. It looks like we are tilting to the downside but we will have to wait and see how that plays out for clarity.
-Trade safe-
Carpe diem!
GOLD Daily TA Cautiously BearishGOLD Daily cautiously bearish. Recommended ratio: 10% Gold, 90% Cash. **H&S WATCH. DEATH CROSS WATCH.** *USD is down a bit while energy, commodities, equities, cryptos are up and gold is relatively flat. The relief rally is primarily benefiting risk on markets as money begins to enter it from risk off markets (like gold and bonds); this is still just a technical relief rally that was precipitated by very oversold daily and weekly conditions, the Core PCE report due next Thursday (06/30) should give a clearer picture of what the Fed will do on 07/27/22 and therefore guide the markets in the near term.* Price is currently completing a H&S pattern and trending down at $1827 as it prepares to formally retest the uptrend line from April 2020 (~$1815) as support for the second time since 06/15/22. The 50 MA is currently trending down at $1860 as it quickly approaches the 200 MA at $1845 where it would technically form a Death Cross. Volume remains Moderate (high) and fairly balanced between buyers and sellers (which is indicative of consolidation before a next move). Parabolic SAR flips bullish at the 50 MA ($1860), this margin is neutral at the moment. RSI is currently trending up at 45 after bouncing off of 42 support for the third time in a month, the next resistance is at 67.24. Stochastic remains bearish and is currently beginning to form a trough at 43 as it is still technically testing 53.13 support. MACD is currently crossing over bearish at -8 as it hovers above -10.84 support. ADX is currently trending down at 10 (with little sign of trough formation) as Price is trending down as well, this is neutral at the moment; if ADX was to bottom and begin trending up as Price continued down this would be bearish. If Price is able to bounce here and resist a H&S AND Death Cross then it will likely retest the 200 MA at ~$1840 before potentially retesting $1867 minor resistance. However, if Price continues down here, it will likely formally retest the uptrend line from April 2020 at $1815 as support before potentially falling to retest the largest supply/demand zone on the chart at $1783 support. Mental Stop Loss: (two consecutive closes above) $1844.
Gold sets path the up side down.hi, Ive been bearish on gold (check my post) and I still am.
on this level, I see gold is going to end its consolidation which is wave (i) and (ii), and finally sets way south.
i have all my shorts from 1900 and above 1850 protected with trailed SL.
latest short was at 1829 and will be protected at once we reach wave (iii)
trade well,
Alex
GOLD (XAUUSD): Key Levels to Watch This Week 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 1856 - 1878 area.
Resistance 2: 1906 - 1920 area.
Support 1: 1780 - 1787 area.
Support 2: 1752 - 1763 area.
Consider these structure for pullback/breakout trading.
Concerning my forecast,
I still remain bearish biased and expect a bearish continuation at least to 1808.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold Trend 23/06Gold continued to hover near 1835 yesterday. The price cleared the support of 1830 early in the Asian session and touched the day-low near 1822 during the European session. While the market approached the US session, the market turned active; a new round of buying entered the market once the price cleared the downward resistance line(2). The price touched the day-high near 1848 but retraced toward 1837 for the day's end.
Althought gold has broken out from both the S-T downside support at 1830(1) and the resistance trendline(2) with increased daily fluctuation, the market has yet to find a clear direction. After yesterday's movement, +/- 10 of 1835(4) should be the range until the price breaks clear again.
The price has failed to pull away from the 250 days MA(5) yesterday. The closing price on the daily chart outside the 1830-40 range should be the key to notice for the next few trading days. It will be the first sign of gold exposing its next movement.
S-T Resistances:
1847-50
1840
1833-35
Market price: 1832
S-T Supports:
1830
1820
1810-08
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Gold Trend 21/06 - 24/06Gold was steady yesterday. The market opened at 1839. The price reached the day-high 1846 early in the Asian session, and it was bounded between 1835-40 throughout the rest of the trading day.
While the price is now back trading in between the 1830-70(1) range, the price is under selling pressure by the downward trendline(2). Awaiting for the market to turn active again after the US holiday, the price will be able to touch the top of the range near 1860-65 again if the price breaks out from the trendline(2).
The double-bottom pattern (4) is still under development on the daily chart. We can continue to take advantage of the horizontal range(3) until the price escape. The 250 days MA is still the critical support for the moment.
S-T Resistances:
1865
1860
1850
Market price: 1841
S-T Supprots:
1840
1835-37
1830
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XAUUSD-BUY SETUPHello traders,
Hope you are having a profitable week.
My perspective on GOLD for the moment is bullish from 1822-1823 . I will be targeting 1840-1842 area
This should play out by today otherwise it may be invalid.
I will update if my bias changes.
Good luck & God bless !
ETGL Team <3
Gold Daily analysis 22.06.2022Yesterday gold broke out from the descending wedge. Bulls failed to sustain above 1840. Hence Bears took power and broke down below the support at 1835 which is present resistance. All the Daily EMA for 20-50-100 and 200 are higher than present levels. So see for buying oppurtunities at every dip in long term. However go for short trades in scalping since trend is bearish.
Today we have Fed chairman testimony in US session. Market will be very volatile in US session.
Present momentum is strongly bearish and trend is also bearish. We have monthly and weekly support at 1814-1818. So we can see bulls from here. We will have a sideways movement once price breaks the strong bearish trend line.
The important levels for today are 1800-1808-1818-1825-1835-1848
My trading idea for Scalping
Sell 1832 SL 1838 TP 1825
Longterm trade idea
Buy 1814 SL 1804 TP 1848
Gold Trend 22/06Gold continued to trade in a narrow range yesterday. The market opened at 1836, and a tight 1833-40 range bounded the price throughout the Asian & European sessions. The range widened during the US session, where the price touched a new day-high 1843 and a new day-low at 1828 before the day ended around 1832.
Gold is still under pressure from the downward trendline(2) mentioned yesterday. The price is currently trading at below 1830 early in the Asian session. Unless the price can jump back upon 1830 later in the European or US session, the price will have to go toward the downside 1820 or even lower.
Althought the US holiday is over now, the range for the gold has maintained relatively tight. Under the current market condition, the trend is turning weak on the daily chart after the price settled below the 250 days MA(5) yesterday. The upcoming downside support is now near 1815-20.
S-T Resistances:
1840
1833-35
1830
Market price: 1828
S-T Supports:
1820
1810-08
1805-00
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