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Goldsignal

Gold- So far, 1880 is in play and remains my targetYesterday was a very interesting trading day for Gold... After the price has broken above the resistance, XauUsd quickly reached 1850. Great volatility followed with a drop of 200 pips and recovery again. However, bulls reacted very well and kept the price above the recently broken resistance, which is now support, and this outcome gives scope for more gains towards the 1880 zone. I will remain bullish Gold as long as 1820 is intact and dips in that zone should be bought.
OANDA:XAUUSDLong
by Mihai_Iacob
20
Gold has broken above triangle's resistance, 1880 next?As I explain in depth in my video analysis from Sunday, I work with 2 scenarios when it comes to Gold. At this moment, it seems that we are in the bullish scenario with XauUsd price above the triangle's resistance that contained it since the mid of December. The target for this pattern is 1880, which is also an old important resistance on the longer term time frames. In conclusion, Gold will remain bullish as long as the price stays above the 1800 zone with close attention needed at 1820 figure which now should act as support.
OANDA:XAUUSDLong
by Mihai_Iacob
9
Gold- Bears need to clear 1780In both my written and video analysis from yesterday, I said that a top could be in place for Gold, and, as long as bulls are unable to close above the 1805-1810 zone the odds are in favor of a drop. Yesterday the market was quiet, with XauUsd trading in a tight range (yes, 150 pips range for Gold is quiet:) ), and, with the trading range tightened at this moment, we have clear levels to watch for future price direction. On one hand, we have a very clear and well-defined level of support around 1780, given by the ascending trend line and the horizontal level. On the other hand, yesterday's high offers now important resistance. My favorite scenario remains bearish and, as I said, a break under support would bring confirmation. Also, in such an instance, considering the distribution and choppy market's price action since the beginning of the month, yellow metal's price could drop hard after, and I don't see real support till the 1720-1725 zone. As always in trading, nothing is sure, so a daily close above 1810 would negate this bearish scenario. Best Regards! Mihai Iacob
OANDA:XAUUSDShort
by Mihai_Iacob
6
XAUUSD delivers, update and further analysis.Aggressive and conservative plan examples in the chart. 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀
OANDA:XAUUSDLong
by Yelli_trades
18
Gold could see a strong pumpSince the break above the very important 1680 horizontal level and the falling trend line dated back in March, Gold has traded upwards with little or no correction. On Friday I said that we can have a correction following NFP and highlighted 1765 as important support with respect to the 1785 zone, Indeed, the price fell in the beginning, but bulls quickly took control, and the weekly close found Gold near the high of the range. This is a confirmation that bulls are in total control and even small dips are bought. Strictly technical 1765 is now very strong support and only a daily close under this level would alter this strongly bullish outlook. Dips around 1800 should be bought and swing traders could set 1880 resistance as their target
OANDA:XAUUSDLong
by Mihai_Iacob
11
🟨GOLD: Aggressive and Conservative plans🟨Everything is in the chart. 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀
OANDA:XAUUSDLong
by Yelli_trades
15
Gold technical analysis: Bull flag pattern pointing to 1,880? The release of the November FOMC minutes, which were more dovish than anticipated since a large majority of Fed officials judged that a decrease in the pace of the fed funds rate increase would likely be appropriate soon, sent gold prices surging beyond $1,750/oz once again. The early stages of the formation of a bull flag pattern can be seen on the gold 4-hour chart. This pattern may be read as the continuation of the November price action and may provide an entry point for a near-term rally extension. A bull flag pattern is defined by a pole where prices surge first, followed by a horizontal or downward-sloping flag of consolidation, and then a large increase in the upward direction equivalent to the size of the initial pole. In the case of gold, the first pole begun with the triple bottom that occurred in early November at $1,616/oz, followed by a two-week rebound to the $1,788/oz resistance, where sellers reemerged as prices hit the 38.2% Fibonacci level of the 2022 high-low range. Gold prices then formed a downward-sloping flag and consolidated in a descending channel until November 23, when the flag channel was breached. With the second pole already starting to take shape, the technical picture may portray a rise to $1,880/oz if the second pole matches the scale of the first pole. The relative strength index (RSI) rebounded from very oversold levels, while the moving average convergence/divergence (MACD) indicator completed a bullish crossover below the zero line. These were also positive development. If this price extension to $1,880/oz materialises, it will signal a significant development for the gold uptrend since the 50% Fibonacci level will be surpassed.
CAPITALCOM:GOLD
by Capitalcom
Will Gold drop to my 1720 target this week?I was bearish Gold all of last week and, indeed, after breaking under the rising trend line started at the 1616 low on Wednesday, the yellow metal has started to roll back down and on Friday also dropped under the neckline's support of a small H&S confirming that 1785 is top. Now the price is 1746 and, in my opinion, it will continue to the downside. Sell rallies is my preferred strategy and I expect 1720 to be reached this week.
OANDA:XAUUSDShort
by Mihai_Iacob
16