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XAUUSD: $1,680 Gold Is One to WatchXAUUSD (gold) is approaching a must-hold area for bulls. I mentioned it in yesterday’s video, but $1,680 is a confluence of support. It’s the intersection of a key horizontal level, descending channel support, and the 61.8% Fibonacci of the 2020 to 2021 range. Here’s how all of that looks on the chart: If XAUUSD has any chance of turning this multi-month pullback into a bullish continuation, it will happen at $1,680. I wouldn’t want to see a daily close below this area. If that were to occur, we could see gold trend even lower, perhaps toward the $1,600 area. But as of now, I like the idea of a bounce from the $1,680 region. As I wrote yesterday, the next key resistance for XAUUSD is $1,760. You can see how this area supported gold in December and again in February. A close above that would open the door to the channel top near $1,850. That said, XAUUSD buyers have to defend $1,680 first.
OANDA:XAUUSDLong
by EagleForexTrade
1
XAU/USD - WHERE IS BLOOD IN THE OCEAN? (SHARKS LOVE IT!)Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆 ^ Check out our last week's posted analysis ^ Last week our GOLD analysis was updated twice on this website, usually we only post 1 weekly analysis and update on our platforms. In our mentioned analysis last week, first one we mentioned that we would be looking for buy potential after taking out lows created tapping into our zone. We had mentioned this very zone many weeks ago in our previously posted analysis but as we get closer it gets more refined. It is not a surprise that we see this very zone react with this bullishness considering the fact the selling that had been taking place making this pair undeniably oversold. We also mentioned a very key selling zone that we saw play out later in the week, seeing this sell coming we were prepared to fire off any bull-shots and we did on Friday from a smaller time frame perspective as intraday 🎆HIGH TIME FRAME While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better. ✨SMALLER TIME FRAME Currently bullish, we may see price take out the "FUEL" marked before seeing any sells or.. we just fall right down to our discount zones we don't make price, we react to it. 🤫What do banks do and why? Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies. Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold . he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely. 🛒 WHY IS PRICE THIS LOW? Price was too high back in 2020 at the peak of $2000 This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price) This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID) Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks. Use our analysis as a sentiment Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation
OANDA:XAUUSDLong
by FlyDownX
7
XAUUSD Growth from the level of XAUUSD Growth from the level of ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
OANDA:XAUUSDLong
by QuantumLabSignals
4
XAUUSD possible longSo this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold. We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here. Therefore this should be a great entry area to go long and make a new high, or at least make a run to the 2000 dollar price area. Risk:Reward is quite okay, I'll go with a 1 to 3, but with a 1 to 1 has a much higher chance to stay in it for the long run. Have a great day everyone!
OANDA:XAUUSDLong
by tomsabobiz
Gold its not in a bullish flag!Gold changed trend since it topped in August, every weekly candle upside we have makes a lower top than previous ones, this is perfect example of change of a trend, meanwhile every upside move is rejected with bigger downside DXY also still making a lower high since 2018, we will have a last upside move from dxy before it truly dies, target 110-120 , which will make gold fall to 1200 usd lower Also retail traders keep buying every dip on gold, just a matter of time before a bigger drop now Sell every spike up with low lots, hold till target 1200, you wont regret :)
FX:XAUUSDShort
by fernandoc17
1