Goldsignal
DeGRAM | GOLD reversal after a harmonic patternGOLD is between trend lines under an ascending channel.
On the correction, the chart formed a harmonic pattern after which the direction of movement changed, but the ascending structure was not broken in the end.
The price has returned to the range between the trend lines and is now above the support level, which coincides with the 62% retracement level.
We expect the rebound to continue after consolidation in the channel.
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Gold Analysis==>>Contracting Triangle!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,688-$2,666) .
According to the Elliott wave theory , Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5 .
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ) [$2,679-$2,675 ] and the upper line of Bollinger Band and then correct .
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD trend line breakoutGOLD is in an ascending channel above the trend lines.
The chart broke upward dynamic resistance and is now above the 38.2% retracement level.
We expect growth in the channel.
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Gold Analysis==>>Bearish Bat Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,606-$2,584) and near the Resistance line and the Upper line of the Ascending Channel .
It also seems that Gold can potentially form the 🦇Bearish Bat Harmonic Pattern🦇 .
According to Elliott's wave theory, Gold seems to be completing the main wave 4 . The main wave 4 structure is a Zigzag correction(ABC) .
I expect Gold to continue falling after breaking the Lower line of the Ascending Channel to the lower targets .👇
🎯 Targets of falling Gold :
🎯 First Target : $2,571
🎯 Second Target : $2,560
🎯 Third Target : Around $2,536
⚠️Note: If Gold goes above $2,620, we can expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD reached the retracement levelGOLD is in a descending channel above the trend lines.
The chart maintains the descending structure.
The price growth has slowed down.
XAUUSD has reached the correction level and is now near the upper boundary of the channel.
We expect a pullback after a retest of the channel boundary.
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DeGRAM | GOLD returning to the channelGOLD is in a descending channel between trend lines.
The chart maintains the descending structure.
The price has sharply returned to the descending channel having reached the dynamic support.
We expect a pullback of the downward movement to the nearest correction level.
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Xauusd buy confirm Gold could run into sellers at $2,655 on the road to recovery
The immediate resistance is seen at the $2,630 round number, above which a strong topside barrier aligns at the 50-day Simple Moving Average (SMA) at $2,655.
Gold now buy 2618
Support 2632
Support 2651
Resistance 2602
Resistance 2590
DeGRAM | GOLD went down in the channelGOLD is in a descending channel below the trend lines.
The chart is above the support level.
The price has not yet reached the lower boundary of the channel.
We expect a bounce in the channel.
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Friday Gold Chart Support Resistance Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2563 and 2573. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2560, 2555.
Upside Watch: Look for buying signals if it rises above! Targets: 2570, 2585.
Xauusd weekly chart Gold trades little changed on Friday, holding steady in the $2,560s after making a slight recovery from the two-month lows reached on the previous day. A stronger US Dollar continues to put pressure on Gold since it is mainly priced and traded in the US currency.
Gold sell support 2536
Support 2518
Support 2491
Support 2473
Resistance 2585
Resistance 2601
GOLD SELLING REJECTION ZONE HERE STRONG $ STILL PUMPING TO 107HELLOO FRIENDS
As I can see a natural CPI and hold index is holding support above 106.00 Gold is rejecting from 2610 to 2620 resistance zone so expected a big drop more till design levels in coming days hours or week tray to manage the risk geopolitical issues are still going on but talk continue it will help $ to recover
Gold Roadmap==>>Starting to RisingAs I ✅ expected ✅, Gold ( OANDA:XAUUSD ) started to correct from the Potential Reversal Zone(PRZ) , and after breaking the Ascending Channel , it managed to break the 50_SMA(Daily) as well.
Gold is moving near the Support zone($2,603-$2,584) and Support lines .
According to the Elliott wave theory , the first corrective wave of Gold ( main wave 5 ) can be completed in the Support zone($2,603-$2,584) .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624) .
⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD UPDATE: First Trade Floating +520 Pips. What's Next?Great start for the week! My final target hasn't been hit yet, floating +520 pips in profit. I'm expecting a pull back to retest QP 2650 which has a 38.2 fib confluence. I will be looking for some bearish price action around this level for a possible second entry. My final Target is still major QP 2600.
What are your thoughts on GOLD? Feel free to leave a comment and share your ideas.
DeGRAM | GOLD broke the structureGOLD is under the descending channel between the trend lines.
The price dropped below the mirror support level and now it acts as resistance.
The chart forms a descending structure.
We expect a correction from the channel border.
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Gold Rise to Resistance Zone: Elliott Wave!!!Gold ( OANDA:XAUUSD ) started to correct as I ✅ expected in previous posts ✅. Did you profit from this move!?
Gold started to rise well from the Support zone($2,645-$2,625) and 50_SMA(Daily) .
Gold is moving near the Resistance zone($2,720-$2,700) and the lower line of the ascending channel (broken) .
According to the Elliott wave theory , it seems that Gold has succeeded in completing microwave 3 . We should wait for the completion of microwave 4 , and then probably microwave 5 will end in the Resistance zone($2,720-$2,700) and Monthly Pivot Point .
⚠️Note: We should expect more pumps if Gold goes above the Resistance zone($2,720-$2,700).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD the price has correctedGOLD is between trend lines under an ascending channel.
The price has reached the support and dynamic support.
The chart maintains an ascending structure.
We expect growth.
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DeGRAM | GOLD rebound from the channel boundaryGOLD is in a descending channel below the trend lines.
The price has already reached the lower boundary of the channel and the support level.
The chart continues to hold the important psychological level of 2700.
We expect a bounce in the channel.
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DeGRAM | GOLD correction in the channelGOLD is moving in a descending channel above the trend lines.
The chart has formed a descending structure.
A reversal harmonic pattern has formed.
We expect price correction in the channel.
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Gold Analysis==>>Falling ContinuesGold ( OANDA:XAUUSD ) has already started falling from the Resistance zone($2,751-$2,746) and the Resistance line ( in the 15-minute time frame ).
According to Elliott wave theory , Gold seems to have completed main wave 4 , which has a structure of the Double Three Correction(WXY) .
I expect Gold to fall to at least the Support zone($2,734-$2,731) , and if the Support zone breaks , we can confirm the end of main wave 4 , and most likely, Gold will fall to $2,721 .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Analysis | Upcoming Election...GOLD recently bounced off the key resistance zone whilst creating all time highs for the last 2 weeks before slowing down before the next quarter phase of $2,800 where we saw a pivot correction into what could be a inner descending channel of the overall long term bull trend.
As price approaches a key support level which is met by several confirmations such as the EMA, Dynamic Trend, Lower BB + Latter half of this quarter phase we could see a short term pullback to test that newly created resistance and create a lower high inside the inner channel before descending to fulfil price at these confirmation levels of $2,700 and a suitable long entry point for the long term trend following the correct validations.
In previous times following elections the precious metal has had corrections from its price which would increase the probability of this idea but it is still important to be patient and make sure to wait for suitable confirmations to unfold before looking at entries due to the volatility that will occur primarily watching price action to gain better insight into the market movements.
If you like this analysis feel free to drop a like and comment your ideas about the upcoming direction of gold below :)
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758