Goldforecast
GOLD LONGmy confluences;
d; the big trend is bearish
4h; bullish
( for a quick intraday trade imma follow the 4h trend)
broke the range zone
price broke above resistance
broke the previous HH with high momentum
above 50/20emas
1h
long wick rejection .
15m
my entry was on the close of an engulfing candle
sl; previous swing
tp; nearest s/r a quick one price may reverse on me at any moment cus its a counter trend trade
RM;
risk; always 1% or less
rrr; the mini target 3.1
PSY;
protect capital first then make money second
always manage ur risk vs reward
be patient on ur setups
advice; when the position is on profit trailing stops and scaling onto the trade while letting previous once risk free.
XAUUSD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
GOLD possible sell zone!!GOLD(D) has just bounced from the weekly support, tested as resistance, and dropped as a daily pin bar. As the long-term trend is down, there is a probability for gold to drop to the neck line of daily inverted head & shoulder that has formed on the reversal to the upside. A selling opportunity on the restest of the neckline of the daily pin bar!
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DeGRAM | GOLD divergenceGOLD has tested resistance level at 1780.
Price action created a compression channel with divergence.
Notice there are tweezer top candles at the level (bearish reversal pattern), which indicates a rejection .
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GOLD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
GOLD (XAUUSD): Important Zone to Watch 🥇
Hey traders,
I spotted a peculiar confluence zone on Gold.
The price is currently approaching a major falling daily trend line.
It matches perfectly with a completion point of a harmonic ABCD pattern on 4H time frame.
I will expect a pullback from the underlined yellow zone next week.
Target - 1745
❤️If you have any questions, please, ask me in the comment section.
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GOLD is preparing for another rise?GOLD ( 4H ), has formed possible bullish price action. On the monthly and weekly close, we could see a test of previous support as resistance as the dollar gets weaker, GOLD may strengthen for the short term. Based on opening price action, there could be a bullish opportunity on gold!
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Gold Forecast/Idea XauUsdTwo Scenario
The first scenario with a probability of 55%:
Breaking the daily resistance in the price range of 1800 and hitting the price range of 2075-2080.
The second scenario with a probability of 45%:
Hitting the resistance of 1800 and returning to the daily and weekly support in the price range of 1680 and 1600.
80% of the reasons for the upward movement of the price of gold and its fluctuations in the next weeks ( like the last 6 months, of course ) are influenced by the news and in general, fundamentals, which are mainly news like; The war between Russia and Ukraine is the decisions of the central banks for the financial, energy and food crises around this war and the exit from the Covid-19 epidemic recession, of course.
Undoubtedly, price changes and fluctuations in energy (oil and gas indexes) have a direct impact on precious metals and gold,
So be aware that sudden movements due to news and fundamental analysis have a high impact on your trades in this period of time, and you should pay special attention to the News.
Good luck
P.S
Dear Friends; Write any suggestions for currencies analysis or stocks in the forex and cryptocurrency market in the comments so that we can publish their analysis.
sincerely