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Xaususd

GOLD, Approaching Main Target Zone, Huge Reversal Incoming!Hello, Traders Investors And Community, welcome to this update-analysis about the current situation facing GOLD, last weeks and months GOLD was trading in a solid uptrend with high volatility within it but it held to the point at which it is trading at the moment. In my observation I discovered important signs which increasing the possibility for a reversal to the downside. As I already mentioned on the shorter 4-hour timeframe we have still some bullish signs which can add to the overall edge we have on the short-time-frame, if you did not already see this analysis I highly recommend that you watch it by going to my account and look at it. This bullishness on the short-time-frame, however, can change dramatically when GOLD will fill the proper scenario therefore we are looking at the weekly timeframe. Confirmed Bull-Flag (4-Hour Timeframe): As you can see in my chart GOLD formed a huge upward rising channel with some good and solid volatility within the channel, the last weeks we saw a breakout of the channel with an immediate pull-back-reaction with high volatility back into the channel, this was the first encounter with the high levels of supply which will increase further in GOLD the next time, also this move was due to the corona-crisis and its main restrictions affecting almost all important global markets. Therefore this move is an overall bull-trap that is currently forming in GOLD outside this huge upward-channel. As the stock-market currently approaching significant levels of a possible reversal that can affect GOLD also, therefore, we should keep the current price-action under monitoring. The next time we can expect GOLD to move some higher approaching the overall resistance-level we have higher up in the structure which you can see marked in my chart with the orange box between the 1780 and 1860 price-levle, this level is extremely important because it is marking the target of the meaningful huge head and shoulder formation which you can see in my chart, normally after these levels where reached supply will enter the market which will cause more bearish pressure when bulls cant advance further in this level due to high amounts of supply entering the market. After we have falling back into the channel the likelihood for more bearish pressure to the downside increases. After these targets where reached and the reversal confirmed it is withing the likelihood spectrum that GOLD visits again the inner world of the upward rising channel. Remember that this scenario has to be confirmed properly otherwise GOLD can still confirm the upper boundary of the channel to set up for some more legs to the upside. There are many people calling for the moon to reach in 2020 for GOLD but that is not likely at the moment and its mere speculation, the bearish reversal scenario is more probable right now and when it confirms it will make 2020 to a more bearish year overall, after this happens we need to see and prepare how GOLD continues further and if we can get a possible stabilization in the former level. In this manner, thanks for watching everybody, support for more market insight and all the best! There are many roads to prosperity in the modern economy, but one must be contemplated. Information provided is only educational and should not be used to take action in the markets.
OANDA:XAUUSD
by VincePrince
14
Possible XAUUSD Move to the UpsideHello Traders, Here we have Gold on the 30 Minute Time frame. I'm currently looking at a falling wedge forming on the charts, Signaling a continuation in the markets to the upside. We're still waiting for the confirmation so Don't do anything just yet. This is just a trade possibility to watch for. Wait for the breakout of the pattern and find your 3 confirmations to enter the trade long. Let's watch this one closely over the next few hours today.
OANDA:XAUUSDLong
by loganMullinix
1
#xauusd #gold - Fighting for another leg up, 3DDue to the high amount of requests for Gold, here are my two cents: The odds Gold can grow up until $1550 strongly depend on the outcome of this 3D, looking at where this is struggling right now to hold up, the SMA50 (needs a good bounce from here, little sideways possible), nagging on the R2-Yearly Pivot and the Quarterly Pivot. A decline would be rather bearish nature and likely press down to as low as $1350 levels if breaking $1450. Even if this is solving bullish now, there is going to be the risk of the double top formation. I have marked the important mid - & long term levels for you to watch closely. At the moment, if someone decides to buy, it would be rather allright to secure, if this is not planned as a long term investment. (Around 3%) Warm regards, Neru
OANDA:XAUUSD
by Gl4diator
11
XAUUSD - Descending Triangle on the 2 hour - PLAYBOOKAfter initially buying at 1448 I took profit 200 pips up now at the 38.2% fib resistance plus our price structure resistance. I now see a Descending Triangle in play - go to babypips.com website to learn about it.... I have a sell order at the previous lows in anticipation for a double bottom ... if i see support again at 1446 i will buy again and await the breakout of the triangle A breakout above would offer 400 pip movement to 1489 as part of the descending triangle playbook. If we can reach 1489 - 1500 may be on the horizon.
FX_IDC:XAUUSDLong
by tyross
Read the Right Side of the Chart : XAUUSD Sept 10thThis pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400 You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me : Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't reach the 20-day average daily range, which I believe it will eventually be "paid" the following days which it did during Sydney session today. Price also trading inside the liquidity pool that I have determined but there is also price zones that I have determined below it and I would love it if price reach in that zone. I would be an interested buyer at those prices, but of course, after there is a bullish trigger. Depending how volatile this pair going to be this week, if this pair goes off to the upside with momentum, price entering the liquidity pool at 1520-1535, I will be looking for a bearish signal and would seriously consider it as a continuation of the bearish wave You can read the linked posts below to understand the context of this post and also to understand my concept in navigating the market
OANDA:XAUUSD
by sufiansaid
GOLD LongBuyLongSellIndicator Analysis -Short is on RowThe Gold analysis is done using the best working " LongBuyLongSellIndicator" script . I am very much convinced that the Gold price touched the peak here 1440 (recent peak) and now trading in the sideways. The price may again go up to 1420 but this wont sustain in the same level. As per the LongBuyLongSellIndicator 6hour time frame the price fall is about to start from here at 1420 level. We can expect the price drop to 1375 in week of time . Do not long ! Do short if you wish to get my ideas and indicator updates regularly ,please like the idea in that way my post will be appear in your notification.This way you do not miss my ideas. Comment and like if you feel this is useful to you. Attaching the LongBuyLongSellIndicator script below for your reference.
FOREXCOM:XAUUSDShort
by MarxBabu
4