Does Gold doing wave C?After the gold price doesn't make a new low and does some correction, I think it may be making a FLAT correction and we're at the beginning of wave "C", If the price doesn't go below 1617, or the analysis will be wrong, must be something else. To enter the Long or Buy position, wait for the price breaking 1670, which will be a safety position (Price Action is the most important information)
OANDA:XAUUSD
Goldspot
GOLD - More downside comingGold has broke the key support. There´s no buyers at these levels.
If the weekly candle closes below this key level , we expect the price to retest previous support and get rejected which would be a confirmation that this level is acting now as a strong resistance.
Target: $1500
Enter the trade only if the weekly candle closes below the key support (now resistance)
Good luck
Gold Price Prediction analysis TF WeekGold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside.
Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY breaks the old high (109 as of 14 July), it might rapidly surge to 111.
So, this may cause negative sentiment for gold. Nonetheless, gold can rebound for a short period before going down again. Suggest picking a top to sell.
Sell 1754 - 1766
TP 1758/1754/1747/1735/1728
SL set according to your margin ( above 1772 is a crucial point for gold rally to wave 3 )
Have a good week!!
Medium term bias remains bearish on GoldXAUUSD - Intraday - We look to Sell at 1737.82 (stop at 1750.19)
The medium term bias remains bearish. A higher correction is expected. Resistance is located at 1740.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1710.37 and 1700.00
Resistance: 1740.00 / 1800.00 / 1880.00
Support: 1710.00 / 1600.00 / 1450.00
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Gold approaching resistanceGold - Intraday - We look to Sell at 1764.39 (stop at 1775.06)
The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Horizontal resistance is seen at 1765.00. We look to sell rallies.
Our profit targets will be 1735.55 and 1730.00
Resistance: 1765.00 / 1820.00 / 1980.00
Support: 1735.00 / 1700.00 / 1600.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
GOld Bearish BiasI am selling off gold at the premium area along those dealing range. Noted on yesterday FVG formed within the confinement of a supply zone. Hence increases the odds. Imbalance towards the sell side. Targeting the sell side liquidity at yesterday new low. NOted FOMC later might get it there quicker so need to ensure the price enters into that zone or FVG either during London Session or Prior NY or during NY session.
Happy hunting everyone.
XAUUSD DAILY BIAS : B.U.L.L.I.S.H 🐃🔱 GOLD TRADE IDEA 🔱
BIAS: Bullish
FUNDAMENTAL BIAS: Bullish
The latest inflation rate reaffirms global inflation rate & amid heightened escalations between Russia & the West.
Putin stated that talks with Ukraine are at dead-end following latter deviation from agreements reached in Turkey
TECHNICAL BIAS: Bullish
Bearish Alt Bat Visible On Gold's Monthly ChartThis is an update to the First Post I made on Gold's Bearish Alt-bat last year just to let you know that it is still in play and that it has just come back up to tap the PCZ a Second Time and this time on Greater Volume this looks like it could be the end and where Gold begins a Presumably Years Long retrace back to the zone between $1,129 and $718.80
If you want to see my original posting from last year on this Alt-Bat i have it on the related ideas section below.
Gold Spot to $2600 by 2024Gold ( OANDA:XAUUSD ) is forming an immature cup and handle on the monthly with a price target of $2600. On the weekly, we see it has broken above this triangle as you see in the chart below. That move is not confirmed yet either, but if next week, gold trades above this week's close, then we set a price target of $2060 and set a stop loss below the recent low.
Charting Gold versus M2 Money Supply, we see gold hitting a historical low of 2007 which has supported the price many times between 2007 and today where it remains a strong support.
Let me know what you think. Leave comments and if you like, leave a like. Cheers.
XAUUSD (Gold Spot) - February 4Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(XAUUSD 1W Chart) - Mid-Long-Term Perspective
The Bollinger Bands are converging on the 1781.646-1827.800 section.
Accordingly, if there is movement outside the 1781.646-1827.800 interval, the Bollinger Bands will expand.
In the CCI-RC indicator, the CCI line is falling below the +100 point and below the EMA line, so it is more likely to show a downtrend.
(1D chart)
(Full: )
1743.253-1814.376: An important section to determine the trend
Resistance section: 1814.376-1827.800
First support section: around 1781.646
Second support section: 1743.253-1751.550
The highs are moving downwards, so you should check the resistance zone for movement.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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GOLDSales area and resistance ...
Accompanied by Mr. Powell's speech ...
Although interest rates in Canada and the United States are still stable, I expect the Federal Reserve to raise interest rates in seven stages in March.
And this is not good for risky markets at all ...
I have shown close support so far ... and I will definitely update my analysis if this support is lost.
GOLDAt the moment, I think all the financial markets are skeptical about the issue of US inflation and the issue of tipping ... or various economic policies.
This problem will probably be resolved in the medium term.
You can see the gold analysis in the above timeframe on my page. On November 30th
This is the analysis of gold in the shorter term ...
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
Diamond Setup Forming in XAUUSD Pairs?Diamond formation happens to be one of my favorite patterns just like head and shoulder which finds its way to my target point 90% of the times.
Gold presents another opportunity for us all to earn big this NFP Friday.
Use a good SL and avoid overleveraging your account.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
GOLD SPOT Sell Setup Almost Completed - SHORT XAUUSDFX:XAUUSD
Our price ranging area looks pretty strong. Gold will drop to correct it's previous move as it seems.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Gold Spot Set to take a DIPOANDA:XAUUSD
I think gold will rally to complete the flag formation and quickly drop to the lower bounds of or inner channel.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..