Although Gold has not been going anyway for a long period of time, we can see a pattern emerging which could be an early indication of further strength to come. Price has declined to the weekly 50 simple moving average a number of times now and after hitting this level we usually see strong bullish reversals. Although the current bullish candle is not yet...
In the daily chart, the price moved above SMA200. It is a signal that the market is going to continue the uptrend. A new higher swing low supports this idea. RSI confirmed the price reversal. The same goes for MACD histogram. We have a bullish setup that can be used for buying. You can see an example of a possible long trade. Of course, it will be better to wait...
The chart clearly shows a breakout on the down side. This is follow up to my last post. Here are my 5 reasons 1. Interest rates: Interest rates are historically low and are unlikely to go down any further. Long term yields are itching higher already. Interest rates are not going to help gold anymore. 2. Inflation: Inflation is likely to be itching higher with so...
Daily/1h multi-timeframe analysis. Trading recommendations & directional bias. Please, support this video with like and comment. Thank you!
Since the beginning of 2020, Gold has been favouring the daily 200 simple moving average as a comfortable level of support. The first contact we can see was in March 2020 which was during the peak of the global pandemic last year. Price created a low at $1451 before returning back above the 200sma. Following the bounce off support, we saw price climb 42% over...
Gold is acting as expected following its bounce off the weely 50 simple moving average zonal support area. During that period, price did drop below the daily 200 simple moving average and that move could have influenced traders to panic and exit positions prematurely. Looking at the higher timeframe, which in this case is the weekly chart, allows us to look at...
Price action indicates that GOLD may be at the start of the next bull run. A few more levels of resistance remain with the closest one being around a psychological $1900 level
Gold reversed from its local top at ~$1875 after hitting the multi-week down-trend line from its all-time high After reversing, price has retraced its downside move and reached the fibonacci 61.8% level This fibonacci level coincides with the downtrend line also, which serves as proven resistance Bearish RSI divergence has been printed on the hourly chart and...
I really like the reaction of gold on a major blue resistance cluster based on a horizontal daily structure and a falling trend line. With bearish engulfing candle formation on a daily, chances are high that the price will turn bearish next week. Though, signs of weakness make me reassess the initial goal. 1806 - 1810 is the closest minor support cluster that...
Gold has created a pattern on the weekly timeframe where it has been using the 50 simple moving average as support and appears to have done so again last week. Price did not exactly touch the 50sma but came close and used that zone as a support level. A bounce off this area does not confirm that we will see a continuation to the upside but it prepares us in...
This trading idea is based on a trend reversal signal. In the 1H timeframe, the market gives us a double bullish divergence. It is a solid bullish signal. The price bounced from 1764$ support, and we can expect a further upward movement toward the key resistance levels. RSI confirmed the price reversal. MACD lines and histogram are supporting the upward...
Gold just hit strong resistance. Expecting to continue in a downward trend targeting $1750
Gold went down crazyy, I'm talking about 1800+ PIPS DOWNNN.(in 17+ days) Now why did the Gold go down if the DXY is also going down, is it really about the vaccine, I lost 3 trades thinking that it will go back up but nothing, and DXY was indicating me that is going down, so Gold most have go up. But if you take a good look on the XAUUSD chart you can clearly see...
The price reached 1848$ support. The price action at this zone will be able to give us new trade opportunities. If the price stays above the support, we will be able to use bullish setups for buying. Stop orders for long positions must be placed below 1848$ and the local swing low. Profit targets should be placed at 1900$ and 1965.50$ resistance. If the price...
Levels. Waves. Gumption.
XAUUSD short and Long Follow the arrows and price action at key levels precisely. Good luck
Daily/4H/1H time frame analysis on gold. Price action, patterns, structure discussed. Bearish scenario explained. Please, support this video with like and comment! Thank you!
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Bearish Gold & Silver:...