Xauusd4h
A pullback is possible in GoldGold appears to have hit a hurdle in the 1910 level.
The bulls are unable to take out the 1910 level and we have some
consolidation in this area.
At the same time, US Dollar seems to have found some bids.
This can lead to a pullback in the price of Gold.
If gold continues to struggle in this area then selling Gold@1900-1910
with SL above 1920 and TP at 1845 would be a possible pullback trade.
Gold Extreamly BullishAs gold is extreamly bullish in all bigger time-frames, here is an entry i am willing to take, and i possibly think that might be a success one. Keep an eye on it.
Gold views this weekWe don't have any important zone more than we marked on chart i will wait for break out and retest
BUY XAU/USDAfter looking into OANDA:XAUUSD On the 1D timeframe, there was a support area it failed to break, it then had a reversal from the downtrend movement, and now I think it's possible for OANDA:XAUUSD to be uptrending, here's a take on what I looked at :
The trend(UPTREND)
1H and 4H Channel
Support Levels in 4H and 1H
RSI oversold
Support and Resistance
XAUUSD target 1850-1900 than 1500Hi there,
Still think we visit above 1800 to 1900, this last drops was mainly bear trap now to get liquidity from sellers and catch holding sells at wave number 4
DXY chart also very over extended in need of a retracement which will make gold fly.
I only will look for sells above 1800
Good luck.
XAUUSD: $1,680 Gold Is One to WatchXAUUSD (gold) is approaching a must-hold area for bulls.
I mentioned it in yesterday’s video, but $1,680 is a confluence of support.
It’s the intersection of a key horizontal level, descending channel support, and the 61.8% Fibonacci of the 2020 to 2021 range.
Here’s how all of that looks on the chart:
If XAUUSD has any chance of turning this multi-month pullback into a bullish continuation, it will happen at $1,680.
I wouldn’t want to see a daily close below this area.
If that were to occur, we could see gold trend even lower, perhaps toward the $1,600 area.
But as of now, I like the idea of a bounce from the $1,680 region.
As I wrote yesterday, the next key resistance for XAUUSD is $1,760.
You can see how this area supported gold in December and again in February.
A close above that would open the door to the channel top near $1,850.
That said, XAUUSD buyers have to defend $1,680 first.
XAU/USD - WHERE IS BLOOD IN THE OCEAN? (SHARKS LOVE IT!)Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
^ Check out our last week's posted analysis ^
Last week our GOLD analysis was updated twice on this website, usually we only post 1 weekly analysis and update on our platforms.
In our mentioned analysis last week, first one we mentioned that we would be looking for buy potential after taking out lows created tapping into our zone.
We had mentioned this very zone many weeks ago in our previously posted analysis but as we get closer it gets more refined.
It is not a surprise that we see this very zone react with this bullishness considering the fact the selling that had been taking place making this pair undeniably oversold.
We also mentioned a very key selling zone that we saw play out later in the week, seeing this sell coming we were prepared to fire off any bull-shots and we did on Friday from a smaller time frame perspective as intraday
🎆HIGH TIME FRAME
While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better.
✨SMALLER TIME FRAME
Currently bullish, we may see price take out the "FUEL" marked before seeing any sells or.. we just fall right down to our discount zones
we don't make price, we react to it.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
🛒 WHY IS PRICE THIS LOW?
Price was too high back in 2020 at the peak of $2000
This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price)
This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID)
Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation
Gold is about to fly but trend is downHi there,
Gold is about to rise, wave 3 was completed on monday
Wait for pullback to get in buys,
Targets 1800-1850-1900
Only then we can sell for target 1500
Good luck
XAUUSD Growth from the level of XAUUSD Growth from the level of
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long idea on xauusdhello traders, i post this buy limit idea becouse we have see in the past the gold testing the 1765 area and failing to pass it after that there is folowing an bull run to 1800 area.
Thats what i see share yout thought below.
XAUUSD possible longSo this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold.
We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here.
Therefore this should be a great entry area to go long and make a new high, or at least make a run to the 2000 dollar price area.
Risk:Reward is quite okay, I'll go with a 1 to 3, but with a 1 to 1 has a much higher chance to stay in it for the long run.
Have a great day everyone!
XAU/USD 4H Buy ideaXAU/USD has been rejected from the support line twice on the 4H chart. My target will be 1875, in the consolidation zone, and i will be looking on from there. Good luck with your trades!
My Trade on Gold TodayNo explanations needed, just a trade i did execute earlier this morning, and my strategy works out !
Gold its not in a bullish flag!Gold changed trend since it topped in August, every weekly candle upside we have makes a lower top than previous ones, this is perfect example of change of a trend, meanwhile every upside move is rejected with bigger downside
DXY also still making a lower high since 2018, we will have a last upside move from dxy before it truly dies, target 110-120 , which will make gold fall to 1200 usd lower
Also retail traders keep buying every dip on gold, just a matter of time before a bigger drop now
Sell every spike up with low lots, hold till target 1200, you wont regret :)
