[GOLD W3 Sept 2021]GOLD
Long Setup
Continuation trade:
👉🏻 Following last week's setup, price did plunge to the 50.0%-61.8% region, still on a bull bias. $1760 remains as the critical zone.
Goldchart
[GOLD W3 Sept 2021]GOLD
Short Setup
Continuation trade:
👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level.
1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.
GOLD W2 Sept 2021GOLD
Continuation trade:
👉🏻 Price tagged the major resistance of 1830 again for the 4th time. A possible triangle has formed, and this usually indicates a Wave-4, hence we could see some corrective move to the downside this week. 1793 could be an interesting to go long again from.
[GOLD W1 Sept 2021]GOLD
Long Setup
Continuation trade:
👉🏻 How many traders got trapped last week 😂 Not gonna explain twice, kindly refer to my previous messages
GOLD W4 Aug 2021GOLD
Continuation trade:
👉🏻 Pretty much sideways movement last week, but weekly candle was closed bullish. Lower timeframe is forming a descending flag corrective movement. 1791-1794 still acts as major resistance.
Chart below are fib levels for pullbacks
Wave Count
[GOLD W3 Aug 2021]GOLD
Long Setup
Continuation trade:
👉🏻 Critical candle formed on the weekly chart. Monday's selloff have left price breaking below the weekly trendline and tagged the yearly lows of $1680, but bounced back off the 61.8% again to close the week with a ~1% gain. A long position may be considered IF pullbacks occur to $1760 level.
Potential Elliot Wave Count
GOLD W2 Aug 2021GOLD
Short Setup
Continuation trade:
👉🏻 With the recent dump due to NFP, price could be forming a huge WXY correction, with a 3-5-3 move. An extension of ABC in the Wave-Y is possible.
📰 Investors are also keeping an eye on Wednesday's CPI data.
Zones
[GOLD W1 Aug 2021]GOLD
Continuation trade:
👉🏻 Price found resistance again at 1830 region, hence, safe to say that price is just moving sideways in between 1790 and 1830 now. Waiting for further structures to be broken. The retail shorts sentiment are slightly higher with 51%, and usually it would be more profitable the other way.
GOLD W3 July 2021GOLD
Long Setup
Continuation trade:
👉🏻 Price has successfully broke the H1 and H4 OB as forecasted. We could see some minor pullback at least to the 1792 area which is also the 50.0% retracement level. Price should be entering some sort of minor corrective movement first before seeing some bullishness.
GOLD W1 July 2021GOLD
Long Setup
Continuation trade:
👉🏻 NFP did brought a bullish impulse off 1860 level, but yet to break the previous structure. Price is still within this corrective move/reversal pattern, yet to be confirmed unless broken out of. My confirmation will be some sort of break above 1797 level and a retest, before going long. This will be in my top watchlist which I will enter personally next week.
[GOLD W5 June 2021]GOLD
Continuation trade:
👉🏻 Price is still consolidating at this key levels of 1760 and 1780. Personally holding 2 entries with reasonable stop losses. Traders may enter after price breaks either direction.
[GOLD_3 W3 JUNE 2021]GOLD
Long Setup
👉🏻 My personal level to go long was indeed on 1760-1780 level, after witnessing yesterday's FOMC statement. What wasn't expected was for it to happen so quickly. I do not see the dollar has long term gains over the period.
💎 Dollar Cost Average will be done over levels 1780 and 1760. Anything below 1750 will be analysed further in the future. I think 1760-1780 level is a very favourable are to go long from.
❗️Not signal/financial advice. This is just my personal trade ideas. Members will be provided with specific signals in the near future.
[GOLD W3 June 2021]GOLD
Continuation trade:
👉🏻 1900 remains a huge psychological barrier for the bulls. Pretty much ranging at this previous set target of 2.618% extension. Below shows my EW count on this precious metal
If price holds here, an ABCDE triangle formation will be formed, usually indicates the 4th wave. Entry would be a break above Wave-D.
[GLD W1 Jun 2021]GOLD
Long Setup
Continuation trade:
👉🏻 As mentioned in my very first post here on this very bull run, price is just making series of HH and HL. We are in the middle of a Wave-3 here, which is endlessly impulsive. 2.618% level has been broken, next target is of course 3.618% with a resistance in play also at the very same level of $1965.
🤤 Members have entered last week with a very good entry, running around 0.5R now. Entry was well below 1900 ;)
$XAUUSD - Importance of $1798 Hi guys! 👋🏻
🔔 Some data to consider: Several Central Banks, including CBs of Hungary, Japan, Turkey and India have increased their Gold reserves in March, total purchases of all banks exceeded 172.2 tones. Central Bank of Hungary purchased 63 tones of gold to hedge from the US inflation, while Turkey, India and Japan CB's are most likely to hedge the risk of the devaluation of their local currencies.
🔔 Gold's been bullish since April, after retest of the early March support, forming a double bottom pattern, however the weak impulse didn't let Gold to close above the resistance at $1798.
🔔 Gold will resume the bullish sentiment only if closes above the aforesaid resistance for now. There also is a strong barrier represented by MA100. This Moving average also lays above the $1798 resistance.
🔔 If Gold fails to break above MA100 and $1798, and moreover closes below EMA50, we might witness another heavy drop as we witnessed in late January 2021.
🔔 Bullish continuation of Gold might be backed by the rarpidly growing US economy, which leads to the anxiety of the interest rate hike, geopolitical tensions and the spread of coronavirus.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Gold- Time travel setup with fxsniperhi hope you are all doing good this is update from my previous chart so what i am expecting is consolidation for some time ranging from 1752-1834. every level will play its part so currently i am looking for shorts for target 1777. i will keep updating when its time to go for long . if you like my setups do not forget to give it a thumbs up. Good luck
GOLD W2 May 2021GOLD
Long Setup
Continuation trade:
👉🏻 Price broke the 1.618% Fib extension, next level will be the 2.618, if breaks further, 3.618 is the following target. We are in a bullish impulsive phase, forming HH and HL since the double bottom formed in the month of March'21.
[GOLD W1 May 2021]GOLD
Short Setup
Continuation trade:
Main idea:
With a bullish bias on the dollar, I expect more downward movement in the short term for this corrective movement to play out.
Possible HnS pattern
$1830 Short Term Price Target for GoldThe trend is up for $gold - looking to hit $1830 in the next week.
Gold Sniper setupPosting this after a long break so idea is simple short below 1770 for target 1758 easy money and buy above 1772 for target 1785 easy money i am expecting it to make maximum high 1806 but if it breaks that level next target will be 1827 and 1847 extension upto 1862 i will go hard short at 1862 with giant lots for target 1619 but i do not really think it will break 1880 this year . we can look for buys at 50% fib at 1758 with tight SL but if we goes below 1758 it will surely touch 1739 so watch it and trade carefully for now we have a trend line support 1775 which is acting strong so we be only looking for buying as mentioned above. do not forget to give my idea big thumbs up. lets hit 100 likes
GOLD W4 Apr 2021Gold
Long Setup
Continuation trade:
👉🏻 4th straight bullish weekly candle now, since 30th Nov 2020 (3 bullish weekly candles). Price is also ranging in this channel since early Aug 2020, could possibly test the 1750 support first before heading back to the top of the channel. It is also being held by the 200 daily ema, it would be very interesting if price were to break upwards off this ema.
H4 Possible Elliot Wave Count
