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Gold Trend 27/07Gold traded flat yesterday. The day began at 1719; the price first tested the day-high at 1728 in the Asian session, and it began to consolidate. The daily range was tight within USD 15, with the price just traded between 1715-20 before the day's end. As mentioned yesterday, we can continue to take advantage of the 1705-35(2) range before the US Fed. Meeting. As the price went below the support trendline(1) on the 1-hour chart, the S-T trend is now weakening. The downside target will remain near 1705-08 once the price clears the current S-T support at 1715. Gold is sinking lower with the range(4) on the daily chart. The current candle patterns are a bearish sign similar to those(3) before. However, stay tuned for the US Fed. Announcements, a new trend, may start later on today. S-T Resistances: 1735 1728-30 1720 Market price: 1717 S-T Supports: 1710 1705 1700 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 SELL LOW RISK/ HIGH REWARD1st Position GOLD SELL @ 1725 Stop Loss: 1736.500 ( - 110 Pips) Take Profit: 1670.000 (+ 557 Pips) Use Risk To Reward For Risk Free Trade management 2nd Position GOLD SELL @ 1730 Stop Loss: 1736.500 ( - 105 Pips) Take Profit: 1670.000 (+ 607 Pips) Use Risk To Reward For Risk Free Trade management ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters.
OANDA:XAUUSDShort
by Mi3-Legacy-Wealth
GOLD (XAUUSD): Your Trading Plan For Next Week 🥇 Hey traders, Gold finally reached a lower boundary of a major horizontal weekly trading range. As I predicted, the market bounced nicely from that. On focus is a falling parallel channel on a daily time frame now. While the market stays within that gold remains bearish. I would suggest waiting for its bullish breakout as a trigger for buying again. For now, be patient and let the market trade within the channel. 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
10
XAUUSD FUTURISTIC PRICE ACTIONPossible Gold wyckoff schematics formation to sponsor the price higher using the H4 Timeframe. This is supported by the rejection on the weekly Timeframe and leaving a confirmation as follows on the support zone of 1683-1680 * 3 touch of the support zone * A retest of the demand zone on h4 * And the 200 moving average resting on the zone. And multiple accumulation forming on the h1. Also paying attention to the structure... the weekly Timeframe is still an uptrend just hit it's retracement level. But it's better to wait for the schematics to be fully formed before trying to markup the phases. Patience is key. #Idon'tknowbetter
FXOPEN:XAUUSD
by simonadahjt
The Return of the Golden BullThe Return of the Golden Bull Technical Analysis - Gold has been in a 2 year consolidation, after a 7 year uptrend of over 90% from 2018 to 2020. - Price Action is contracting on a monthly basis, within a bullish pennant. - After an intermediate bear trend of 3 months, Gold is at a massive horizontal support, coming from the 2011 High. - Gold is also right above the rising trendline from the march 2021 low and above the falling trendline from the august 2020 high. - This might be a multi year buying opportunity for Gold, it is hard to put a price target on it, but I would assume around 4000$ could be achieved, if everything goes as expected. Fundamental Analysis - There is also a point to be made for gold, fundamentally. - We are at record inflation, tightening into slowing economic conditions. - Bonds are loosing massively, as are equities and Bitcoin. - Gold has been holding up rather well, despite the US10Y and the DXY rising relentlessly. - In my opinion this is an indicator, that Gold is still the true safe hafen asset to investors, in case of monetary debasement and simultaneously worsening economic conditions. Enter the trade - I am waiting for a short term trend change, as we are currently below the 5, 10, 20, and 50 day moving averages. - I want to see Gold above a rising 5dma, crossing the 10dma. - I am also looking for a weekly close above 1877$. - Gold has been awfully hard to trade in the past months, due to extremely choppy action, often giving daily buy and sell signals on the RSC Trend Trading Indicator, right after each other, so I will be cautious. This is not financial advice, I wish you good luck trading. Cheers Tom
TVC:GOLDLong
by Cyranus
2
GOLD (XAUUSD): Key Support Ahead 🥇 Analyzing a weekly time frame, we can spot a perfect horizontal trading range on Gold. This year, we saw a perfect bearish reaction from its resistance, the market started to fall sharply, and now it is closer and closer to the lower boundary of the range. On focus is 1610 - 1686 demand zone. From the underlined green area, I will expect a bullish movement. Wait for a confirmation on lower time frames before you buy! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
Gold trend 21/07Gold slipped to a 1-year low yesterday. The day began at 1711; throughout the day, the price was bounded by the 1706-14 range. The price went below 1700(2) before the day's end, touching the day-low near 1692. The day ended at 1696, down by USD 14. A new round of selling started after gold finally left the 1700-20(1) range. Expect the price to trade between 1680-1700 in the next 24-48 hours, where the critical support remains at 1680. As mentioned before, the buying above 1710(4) has been weak, and the downtrend has yet to reverse. The next downside target remains at 1680. S-T Resistances: 1715 1708-10 1700 Market price: 1693 S-T Supports: 1690 1685 1680 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
1
Gold Trend 19/07 - 22/07Gold traded in a tight range yesterday. The market opened at 1706 back from the weekend. The price was gradually moving higher during the Asian session and touched the day-high at 1724. However, gold resumed its position below 1710, closing at 1709, and ended slightly up by USD 3. In the past 48 hours, gold has been trading in a tight range between 1700-20. Can continue to take advantage of this range until it breaks. The buying above 1710(3) is relatively weak so far after the price touched 1700 last Thursday. The buying support at 1700 remains in place; if the price break this support, expect the next downside target can be set at 1680. S-T Resistances: 1728-30 1720 1713-15 Market price: 1710 S-T Supports: 1710 1705 1700 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