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GOLD (XAUUSD): Important Zone to Watch Next Week 🥇 Hey traders, This week was very bearish for Gold. We saw 5 consequent bearish days. The price is trading within a peculiar confluence zone at the moment. It is based on fib.retracement levels and a wide horizontal demand area. I believe that the market is quite oversold now and we may see a pullback. As a confirmation, you can consider buying a bullish breakout of a falling wedge pattern on 4H time frame. I will watch gold carefully next week and will post an update once I spot a confirmation. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
15
GOLD (XAUUSD): Detailed Technical Outlook 🥇 A lot of questions about Gold. At the moment, the price is testing a solid confluence zone based on 382 retracements of the last 2 bearish impulses and a wide horizontal demand cluster. Analyzing intraday time frames, I spotted a falling wedge pattern on 4H time frame. I will be patiently monitoring the reaction of the price to its boundaries. I assume that its bullish breakout may trigger a nice pullback. I will post an update once I see a decent trading opportunity! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
5
Gold Trend 19/08Gold rallied to a new weekly low yesterday. The market opened at 1761 and traded range-bound early in the Asian and European sessions. The price touched the day-high at the US session opening, then the slide began. It touched the day-low at 1755, with the day's ending at 1758. The trend reversal signal has yet to appear, where the downtrend channel(1) is still dominating the S-T movement in the 1-hour chart. 1750(2) is still valid; if the price fails to clear the buying support within today, it should be able to stay within 1750-70(2) in the next 24-48 hours. The breaking of support 1755(4) has not yet been confirmed. If the price breakout from 1755(4), the downside target will be at 1730-40(5). S-T Resistances: 1765 1760 1755 Market price: 1752 S-T Supports: 1750 1740-43 1735 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
Gold Trend 16/08 - 19/08Gold pulled back from 1800 yesterday. The price has kept on moving down since the market opened at 1801 back from the weekend. After almost 12 hours of sliding, it touched the day-low near 1772 at the US session opening. The day ended at 1778, down by USD 23. Gold escaped the uptrend channel on the 1-hour chart last week, and it has finally entered the period of consolidation after it cleared the support at 1785. Expect the price to be bearish, where 1773-1800 remains the trading range in the next few days. 1775 is the S-T resistance for now, and it will move lower toward 1755 if it clears the 1770 support. Gold has been rejected by 1800 in the past few trading days, and the price is now moving downward. Expect the price to consolidate toward 1758(4) or the 20-day MA. The 1680-1800(3) structure can be used as the trading range for M-T. S-T Resistances: 1800 1790-94 1785 Market Price: 1781 S-T Supports: 1780 1775-73 1770 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
Gold near support of 1771Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about XAUUSD Market is moving in a defined range we can expect a breakout to short the market. So we are expecting a strong fall near Support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
OANDA:XAUUSDShort
by Theranasaramd
4
Gold Trend 17/08Gold stayed in a tight range yesterday. The day began at 1778; throughout the trading day, the price traded between 1770-75 after it touched the day-high early in the Asian session. The market was quiet, with the day ending at 1775. The bearish move slowed down yesterday, and the price now supports at 1770-73. Await for the Fed. Minutes, expect the price to remain in the 1770-85 tight range today. Gold is now settling below the 1780-87 resistance zone. The trend stays bearish for now, with the downside target remaining at 1758(4) & the 20-day MA(5). S-T Resistances: 1790-94 1785 1780 Market price: 1775 S-T Supports: 1775-73 1770 1765 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
GOLD (XAUUSD): Detailed Technical Outlook 🥇 Hey traders, Gold closed within a major horizontal weekly structure resistance again. Analyzing an intraday perspective, I spotted a rising wedge on 12H time frame. The price nicely bounced from its support on Friday. To catch a correctional move from the underlined structure, wait for a bearish breakout of a wedge's support. It will trigger a bearish move at least to 1775. Alternatively, weekly candle close above a yellow area will trigger a bullish continuation. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
8
Gold, with some strength!All short trades are closed, with the anticipation that the asset will regain some strength. Although we did make some good returns from our previous pessimistic outlook, current price movement has not played out exactly as we had hoped, necessitating the need to give alternate scenarios greater weight. Locally, an upward movement is the path of least resistance since the price only partially descended within the falling channel as depicted on the chart. Goals: 1794, 1801, and 1810 Entry 1787 and for placing SL, see the chart. Heed your DD! Nothing is set in stone; always, the market rules! Happy trading!
OANDA:XAUUSDLong
by FroggyFX