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Thread: XAU/USD, GOLD

     
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    2021-12-03   20:16
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    Technical analysis of Gold

    The fall in gold prices in the past 24 hours was mainly driven by the rise in the US dollar and short-term US bond yields. Gold trends are more sensitive to the direction of the US dollar and bond interest rates, especially when these two assets fluctuate in the same direction. The yield on the US 2-year treasury note continued to recover from the market slump triggered by the new variant of the new crown strain Omicron at the end of last month.
    During wall street trading hours on Thursday, several fed officials reiterated that the central bank may be more hawkish. US Atlanta fed president Raphael Bostic said that policy will be guided by data. At the same time, San Francisco fed chairman Mary Daly stated that the fed may need to reduce the pace of asset purchases faster than expected.
    Therefore, the trend of gold turned to this Fridays non-agricultural employment report. The strong employment report, especially if average hourly wages unexpectedly rise, is expected to further boost market expectations for the fed hawkish monetary policy stance. This may push the US dollar and short-term US treasury yields to rise together, which will be negative for gold and increase the risk of market volatility in the next 24 hours.

    • Gold trend technical analysis

    Attachment 437525
    On the 4-hour chart, since the short-term top was built in mid-November, the price of gold is still in a recent downtrend. The 20 and 50 period simple moving average (SMA) has been guiding the decline in the price of gold. If the price of gold reverses and rises, I expect these moving averages may play a certain role in resistance. The bullish divergence of the RSI indicator suggests that the next action is fading, and sometimes this sign indicates the possibility of a reversal upwards. Conversely, if the downward trend recovers, then the bottom will focus on the lows since September.

    The attachment
    2021-12-04   07:57
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    Technical Analysis for XAU/USD based on Daily Timeframe
    https://forum.mt5.com/customavatars/1853215635.png
    Hello everyone, happy weekend! From what we see on the daily chart above, it looks like XAU/USD failed to break below the 1765 area. But considering five periods of a smoothed moving average and the stochastic oscillator are still pointing down, I still believe that XAU/USD will continue the down move next week. And as the first target will be breaking below the 1765 area. If XAU/USD can break that area, I think the next target will be the 1750 area.
    Technical Analysis for XAU/USD based on H4 Timeframe
    https://forum.mt5.com/customavatars/1001138502.png
    From what we see on the H4 chart above, XAU/USD failed to break below the first lower band of 50 periods of a Bollinger band. Currently, XAU/USD is already above five periods of a smoothed moving average, and it is still trying to break above 50 periods of a Bollinger band. Considering five periods of a smoothed moving average and the stochastic oscillator is still pointing up, I think the chance for XAU/USD successfully breaking above 50 periods of a Bollinger band is higher. If XAU/USD can do it, the next target will be the 1800 area or 100 and 200 periods of an exponential moving average.
    Technical Analysis for XAU/USD based on H1 Timeframe
    https://forum.mt5.com/customavatars/269682395.png
    It looks like XAU/USD is already above 100 periods of an exponential moving average. XAU/USD is still trying to break above the first upper band of 50 periods of a Bollinger band. Considering the stochastic oscillator and five periods of a smoothed moving average are still pointing up, the chance for XAU/USD to keep moving up is higher.

    2021-12-03   07:03
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    gold technical analysis
    Today I have chosen gold for technical analysis, and the Gold market is working in a downtrend channel. This channel is helping bring its price down. The price is moving up after touching the support level 1760 and the lower part of the channel. Gold beats the price from going up to its resistance level 1782. If it breaks the resistance level, it can also touch the upper part of the channel.
    H1 time frame
    Attachment 437264
    On the H1 chart, the price is consolidating in a bearish triangle. To break our triangle, we will observe our intermediate resistance at 1782, which coincides with the and retracements. Then the bulls will enter our initial resistance at 1785.29, which is consistent with the Bonacci correction line. Technical indicators are showing bullish momentum. Or, if there is a reversal at our intermediate resistance level, the price will drop towards the graphic low's initial support level of 1760. From a weekly perspective, the price is consolidating in a triangle. A climb from our initial support 1760 to our initial resistance1811 is possible, consistent with the extension and retracement line. Technical indicators are showing bullish momentum. Or the price could drop to our second support level, the Fibonacci Confluence Zone. Every day, the price consolidates in a triangle, and it recently broke our bullish line. We believe the price could rise from 1764, our initial support, to 1750, our initial resistance, which is in line with the retracement level, and the pattern is overlapping. Technical indicators are showing bullish momentum. Suppose you look at the indicator used in the chart. In that case, the CCI indicator is near zero level 50 day simple moving average is near resistance level Indicators are indicating that the price may move towards the resistance level 1782.
    Indicator List :
    CCI Period: 30 value
    50-day: simple moving average. 150-day simple moving average
    points of consideration:
    resistance leval:1782
    sports level: 1760

    The attachment
    2021-12-05   23:45
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    A Forecast of Gold (XAU/USD):
    Hello, everyone!
    Welcome to the "Live Trading Discussion" section of the InvestSocial Forex trading forum, one of the world's best Forex trading forums. However, the "Live Trading Discussion" section is one of the most popular sections of the InvestSocial forum. By the way, if you are searching for "A Forecast of Gold (XAU/USD), then you are in the right place. Earlier, the price of gold recovered some pips during the last US session, and the price of gold was hovering towards the bullish region. At the time of market closing, the price of gold was trading around the $1782 price mark.
    Headline: A downbeat NFP report pulled the price of gold towards the bullish region and reached a multi-day high at the $1785 price mark.

    In the daily picture, the price of gold formed a "bullish engulfing" pattern, and the current pattern indicates a further bullish breakout from the precious metal gold. A further decline in the US Dollar Index, on the other hand, will signal the continuation of the buy-trade opportunity in gold, with a new target price of $1851 or higher.
    • The price of gold climbed to a multi-day high price above the $1785 mark because of the weakening of the US Dollar Index. During the last US session, the market sentiment for gold was not stable. There was an initial resistance line at the $1782 price mark, and the price of gold broke the initial resistance line and reached above the $1785 mark.
      Attachment 438207 Attachment 438208
    • From the technical perspective, the price of gold is fully in the bullish trend in the hourly time frame, and the MACD technical indicator formed some strong bullish divergences in the hourly chart. Currently, the momentum of the price of gold is fully in a bullish trend. On the other hand, if we look at the hourly chart, the 50-Day Simple Moving Average indicates the price of gold below the $1,775 price mark.
    • The price of gold edged towards the higher region at the end of the last US session, and the price of gold formed a strong bullish region in the longer time frame. There is a strong resistance line at the $1792 price mark, and a break of the $1792 mark will create a further bullish breakout above the $1831 price mark.
      Attachment 438209 Attachment 438210
    • On the upside, the price of gold is fully in the bullish trend on the 4-hour chart, and the 100-Day and 50-Day Simple Moving Averages indicate the price of gold above the $1820 price mark. On the other hand, the MACD technical indicator did not form any bullish divergences in the 4-hour chart, but the current momentum of the price of gold indicates a further bullish breakout from the precious metal.
    Currently, the price of gold is fully dependent on the US Dollar Index, and a further weakening of the US Dollar Index will push the price of gold towards the bullish region. And the price of gold will rise above the $1831 price mark if the price of gold can break the psychological mark of $1800. Overall, I am looking forward to a potential buying opportunity in gold, and the price of gold should be trading above the $1850 price mark soon.
    Thanks for staying with me.

    The attachment
    2021-12-05   18:07
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    Gold technical analysis
    Hello everyone, I have chosen the gold technical analysis and used the hourly time chart. The market price is currently trading above its support level of 1780 points, and the momentum is slightly bullish. Currently, the market is trading just above 50 simple movements. We can see an increase in the bullish momentum last week, favorable for new buyers. The market is trading below the trend line and above the support on the hourly chart.
    Hourly time frame

    In the hourly time frame, the market price recently tried to stabilize below the support level of 1780, but it came back. The market has broken through the resistance level of 1780. Above this level will push the market towards the resistance level of 1800. If the market stabilizes above, it will test the next resistance at 1815. Successful testing of this standard will open the resistance station of 1835. In terms of support, a break below 1780 will push the market's next support to 1762. If it closes below this level successfully, it will move to the next support at 1745. We will wait and see whether the market price can remain above the 1800 mark; we can expect new purchases. Due to Friday's data, the US dollar index was under pressure, so gold had to rise. The market price is now better than before, and the market price is increasing rapidly; if the battle continues like this, we will see it surpass 1,900 in the next few days.

    The attachment
    2021-12-03   11:50
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    Gold Analysis
    Greetings and good afternoon, friends and dear readers! My warmest welcome to my latest post analysis in the Gold section. How are you doing, mates? Hopefully, everyone is doing great and making good earnings by trading on the precious yellow metal. May this gold analysis post containing technical and fundamental analysis find you in the best of health. Let us start our trading discussion with the previous day's performance of precious yellow metal in the forex market. Yesterday, the gold market traded lower because of the strengthening dollar index, and the gold market touched the bottom of 1769.
    Attachment 437388
    Today, there are three big news releases: non-farm payroll employment change, ISM PMI services, and an employment rate released in the American trading session. The nature of released data would give a definite direction to the dollar index, pushing the gold market in either direction. If the news data came negative due to COVID-19 fifth wave worries, the gold market would move bullishly above the psychological zone of 1800. On the D-1 chart, the price fluctuates around 1766 and is lying below the 50-period simple moving average. The market made the upper wick, and technically it could move further down towards the support zone of 1744. For bullish momentum, the primary resistance level is at 1800. Trading above the 1800 level would push the market towards the 1815 and 1832 levels.
    Technical Outlook on the H-4 Chart
    On the H-4 chart, the market is trading below 100, and the 50-period simple moving average is at 1766. As the demand for gold is in a downtrend, the value of the relative strength index is lying slightly in the oversold region. The candlestick's primary support zone analysis is 1760 on the H-4 chart, before the second support at 1744. Smashing through the immediate support zone would push the market towards 1744. On the other hand, for bullish momentum, primary resistance is at 1794. If bullish traction does not respect this level, it will find a second barrier at 1815.
    Gold H-4 Chart
    Attachment 437389

    The attachment
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    Hello everybody, hope you all are fine enjoying your weekend with your family members.

    Gold trend analysis H4:
    From the daily chart, the gold price rose first and then fell on Friday.

    The Asian-European board stood above 1790 and then maintained a narrow range. The gold price stretched strongly in the evening, breaking through the 100-day and 200-day moving averages and regaining the 1800 mark, refreshing September 7. The new high since the plunge, the highest hit 1813.82. After being pressured by Powell's hawkish speeches and five consecutive waves of huge selling orders with a total price of more than 2 billion US dollars, it fell sharply. It returned to the 1800 mark and closed at 1792.79. After the daily line closed for three consecutive trading days. The price of gold once stood at the 1810 mark after the US market broke through the 1800 psychological barrier. The impact of the news finally failed to hold the gains. It closed near the 100-day moving average and gave up most of the gains in the day. At the same time, the K line recorded a long upper shadow line, indicating that the upper resistance is strong, and the rise in gold prices is still suppressed to a certain extent. Facing a greater risk of a fall, the bottom continues to focus on the support near the daily low of 1783. If it breaks below, the price of gold will seek support from the 5-day moving average of 1778 and the 10-day moving average of 1776. If it breaks further, the current bullish outlook will be terminated.

    Name: Screenshot_2021-10-24-08-56-30-43_a068875e8d70110f8d1ec48729c67374.jpg Views: 39 Size: 345.5 KB

    On the whole, although gold prices suffered profit-taking on Friday and lost most of their intraday gains, they still closed near the 100-day moving average. The overall bullish pattern has not been completely destroyed, so it is expected that it will continue to fluctuate upward at the beginning of next week. The top continues to pay attention to the breakthrough and stabilization of the 1800 mark. If the gold price returns to this position, there will be a chance to challenge Friday's high of 1813.82 again. If it breaks strongly, the bulls' target will look to the September 7 high of 1827.3.

    To sum up, I expects that the price of gold will continue to fluctuate upwards at the beginning of next week. Therefore, it is recommended to call back low-bulk as the main operating idea, supplemented by short rallies; it is recommended to touch 1783-1781 in batches again. Defensive 1776, the target 1793-1795 breaks to look at the top of 1800; the top touches 1812-1814 for the first time, the defense is 1820, the target is 1800, and the break looks at 1795.


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    Technical analysis of gold:


    Welcome to all members. I hope you all will be fine, so today we are going to share a good analysis about gold due to which you will also benefit from this. So if you are trading in gold in then you should open such a trade in gold, due to which you are also involved it. Because I think gold and as soon as the markets open then I told you earlier also that gold will go up till 1820 and the same target has been done and it has completed its target by breaking the previous candles with the indicator So man, I will also say that as the market will open, tell it, then it will complete again, it will go till 1800 and maybe 1825 picture may go So I say that if it is open in the market, then open you If you trade upwards you will get profit You can see that even in H1 it is going to kill two, so I say that the market will be known and you should also put it on.


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    I will look at the continuation of the northern movement and an attempt to buy again at the support level of the lower border of the ascending channel. Even if you try to take in small outputs, it turns out well. As long as the price is above the horizontal support level of 1800, in any case, there is an option to continue the northern price movement. The yellow metal is gaining demand for the movement within the ascending channel, and nevertheless, the buyer should get an exit to the upper border of the ascending channel, and also try to test the horizontal resistance level of 1832. If something goes wrong, it is clear that the exit from the ascending channel will create new conditions in an attempt to resume the southern movement, but there were already enough false breakouts. Here you need to secure the southern movement.



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    Gold / XAUUSD Technical and Sentimental Outlook:

    Hello everybody, today I will present to you my Gold/ XAUUSD technical and sentimental analysis for this coming week based on my trading knowledge and experience. You can use my technical analysis at your own risk. Dollar-index traded in a tight range of 40 to 60 pips in the last week of trading, but Gold broke above its psychological resistance level 1800 on Friday, but buyers were not able to close above this level.

    Gold / XAUUSD Technical Outlook According to H4 Timeframe:

    This is the most popular and most tradeable metal pair on the forex market, and most traders prefer to trade it. You can see in my chart below that the closing of Gold at 1792 price level is very dangerous, because in H4 time frame a long bearish candle appeared after breaking the resistance above 1800 level. But buying was fake and after USD Fed chair speech Gold hit the next resistance level 1813 and fell sharply and buyers were unable to close above 1800 zone that showed in the US session last hours sellers sustained selling and market closed in a long bearish engulfing candle. On the other hand, the price closed above the 50 Day EMA and the buying trend line also kept the price above 1782. If tomorrow's opening price is normal on that day it was closed, then gold will continue on its upward trend. Gold prices should change trend this week if they open gap down below the price level of 1786.


    Name: gold H4.png Views: 320 Size: 194.9 KB






    Gold / XAUUSD Technical Outlook According to Daily Timeframe:

    A bullish inverted hammer candle closed on the daily time frame chart last day, but some traders tried to sell it, yet in my opinion, its trend will remain bullish and upwards during this week's trading. On the D1 time frame chart market price is taking dynamic support from the 50 day EMA and bullish trend line, and we have a good price action buy setup for tomorrow's opening. It is expected to drop by a little bit of 100 pips for SL hunting of buyers to the level of 1778 zone, before continuing its bull trend.


    Name: gold D1.png Views: 113 Size: 171.8 KB






    Gold / XAUUSD Sentimental Outlook:

    From my sentimental chart perspective, the current long positions in gold are 52 % and short positions are 48 %, which is a good ratio for taking long positions in favor of trend. According to my screenshot below, the volume of long positions is 1768.15 and the volume of short positions is 1606.60.


    Name: GOLD SENTIMENTSS.jpeg Views: 109 Size: 28.0 KB





    Recommendations:

    It is best to open buy positions on every down move with low risk, as that will provide you with a huge reward. It is good to buy gold between 1770-1765 price levels and to place the stop loss at 1752 price level. The take profit will be set at 1810 and 1812 price levels. Best of luck!

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    Analysis for XAU / USD pair:

    First view:
    It is also shown that another resistance level has appeared at the bearishness position, which is located at the price of 1785. Therefore, I have already closed a buy trade from my demo account, since I had a take profit at 1775 and there is a risk that the price may turn around and the XAU / USD pair will go bearish trend. But on time frames H1 and H4, one can see the movement to the bearish. Therefore, there is still a possibility that this resistance level will be broken, in which case the price will move to the level of 1770, at this price there is also a resistance level, from which there will most likely be a rebound and the pair will go bearish trend pattern for the coming sessions movement. I still hope that the bears will be able to develop downward dynamics. theoretically, they can break the resistance level of 1768 and gain a foothold below toward 1750. This would just allow us to continue moving towards the bearish pattern more globally. Its just that if the bulls manage to gain a foothold above the resistance level 1810 and 1780 and they successfully test this level already as a support, then a very smart location for entering a buy will turn out.

    Name: 1.png Views: 99 Size: 47.1 KB

    Second view:
    The price for this market is moving today with the target of decreasing after the test of the support at 1780, and now the falling pattern continues. Immediate resistance R1 1778 can keep the price from falling and turning to the bearish if, of course, the USD currency can creep for the bullish pattern, making the XAU / USD weak for the bearish trend pattern. Thus, by the end of the day, we will continue to rise towards R1, or now we are falling below the support levels of 1775 and 1750 and continue to fall as far as possible towards 1775.
    And if it so happens that we will not be allowed to the lower floors, or we will have to wait for the bears reinforcement to break above 1810, but at 1790 a zone of medium-term resistance begins. And here you just need to break through both 1795 and 1785 and go to 1775 - 1760.

    Name: 2.png Views: 89 Size: 34.4 KB

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    gold technical analysis

    Today I have chosen gold for technical analysis. Gold price is above the support level 1780 and below the resistance level 1808. It is moving in rang. Where is the price of gold at the moment 1800? From here, can the price go up to resistance level 1808.

    H4 time frame

    Name: GOLDH4.png Views: 53 Size: 37.9 KB
    On the H4 chart, the price broke our downtrend line recently. We think it is possible to retest the first support level with the I retracement level and the I extension level And our initial resistance at 1808 is consistent, and a Clibed chart overlaps. Technical indicators are showing bullish momentum. Or, the price of breaking the parallel channel could drop further to 1780, our second support level, which coincides with the retracement level. Since the beginning of September, precious metals have fallen below $1,800. After Fed Chairman Powell announced the time to raise interest rates, he gave up gains on Friday, especially considering the current labor market conditions. US Treasury Secretary Janet Yellen has been paying attention to inflation. She said that the United States has controlled inflation and may return to normal in the second half of next year. Or, if the price falls below the 150-day moving average, it may rebound to the horizontal support level of 1780. In addition, successfully breaking the uptrend may mean that gold will further fall to the lateral support level of 1760. You look at the indicator used in this chart.CCI indicator is above zero level,50 Day Simple Moving Average price is up, And the shape of the moving average and its readings show that the price can go further.

    Indicator List :

    CCI Period: 30 value
    50-day: simple moving average. 150-day simple moving average


    points of consideration:

    resistens leval:1808,1821,1832
    sport leval: 1780,1760,1750

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    HELLO EVERYONE


    GOLD ANALYSIS


    GOLD price movements were still restrained by yields on US government bonds with a tenor of 10 years and optimism for tapering the stimulus in mid-November, which could no longer be postponed. It looks like the price was able to move higher than the previous price but even, so it was pushed back down significantly. The Chairman of The FED, Jerome Powell, stated that the US economy currently needs a reduction in stimulus but does not require increased interest rates. In raising interest rates, it is still necessary to look at future developments in US inflation and require a return to the employment sector before the coronavirus pandemic. The statement by FED chairman J. Powell was seen as implicitly implying that while inflation is unlikely to pick up further in the next year, levels will remain at high levels. It is like a double-edged sword for GOLD.


    D1 TiMEFRAME
    I see from the daily time frame, is still in a fairly strong bullish state. So for this week, I do not rule out the possibility that GOLD will not weaken to a lower price level and the closest target that can not achieve in my opinion. In this daily frame, the price of GOLD is showing an uptrend, and now it's running below 1800 dollars, but the D1 time frame is showing that GOLD will fulfil its upward candle and it will hit 1816 dollars.

    Name: Screenshot_198.png Views: 145 Size: 31.8 KB

    H4 TIMEFRAME
    Likewise, on the H4 time frame, the bullish trend is still quite strong; even from this time frame, we can see more details of the formed swing wave. Indeed, last week there was a significant price strengthening, but in my opinion, the price strengthening was still only a correction, and sure enough, on Friday, the price strengthening finally had to be held at a strong resistance level and not long after that, The condition of price movement that is still uptrend because it is above the 50 EMA which has crossed the 200 SMA provides an opportunity for prices to continue to rise. The price movement up again towards 1816 dollars.

    Name: Screenshot_199.png Views: 42 Size: 33.5 KB

    TRADING IDEA

    After looking at the technical analysis above, in my opinion, the most realistic option is to open a BUY position on the GOLD. BUY position entries remain relevant to be placed as long as the price is above the Moving Average line. You need to be aware that when the rising price cannot break out the 1800 psychological level, it will tend to go down. So 1800 also needs to be considered because it is the key level for GOLD price movements to continue up or down.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    Analysis for GOLD pair:


    Four hourly chart frame analyses:
    The price was moving inside an ascending channel. But on Friday there was a breakdown of the channel upward and the price is trying to continue moving up. Looking at the 4-hour chart, we can assume that the pair is forming a bearish Wulf. On Friday, the pair reached the maximum target of the 4th Wolfe wave. This is the level of 1809, after which the price turned around and went down. But the decline did not work out, and the pair began to move up again. Therefore, I expect that the pair will continue to grow today, and already the growth target will be the maximum target of the 4th Wolfe wave. This is the level of 1823. And after reaching this level, it will be possible to expect that the pair will turn around and start moving down.

    Name: [GOLD,H4].png Views: 42 Size: 50.0 KB

    Daily chart frame analyses:
    It is precisely this that has been observed, moreover, since the end of last week, not even from the end, but from its second half. Now it looks like we are trading in the very middle of this sideways price corridor. Immediately now, an impulse for growth is developing within it, and today the price is still moving bullish within its price corridor from its lower border to the bullish one, but so far-reaching approximately it's middle. Most likely, in the next day, the development of this impulse will continue and will develop until the price reaches the bullish resistance border, where it will be tested accordingly. Trading is now taking place at the value of 1796, while their activity itself is rather average.

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    On the daily time frame chart, there were sales, but so far the price is going up, I myself hoped that short-term sales could work out, but apparently so far the bears are protecting and the bulls are in control of the situation and push the price up. I am not particularly afraid of a candlestick with a tail in the daily time frame; it seems to me that the most interesting level is 1833 and the bears should protect it. Now there is no point in this. The price will probably continue to move north. I count on this and believe that it will be so. So far, the ascending channel is not threatened and with a high probability the price will come to the 1833 level at which it should be interesting, but what is happening in the market now is just noise, just someone decided to fix their purchases on the weekend, speculators.

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    On the hourly time frame chart, the price confirms the broken level from it; it is quite possible to go down to the channel border, after which I expect to resume growth. We also have a rising wedge, the price goes up, I would like to see a breakdown up. On Friday they got confused, but I liked the return immediately upward with an impulse candlestick, there was not enough time to move on, otherwise the price would have won back the fall if it had not been for the close of the week, it may not have happened at all. If we move down now, if the price is again higher than the level, then we can forget about sales.

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    Default GOLD ANALYSIS BASED ON VOX TECHNICAL ANALYSIS SYSTEMS

    OUTLOOK BASED TIMEFRAME H4
    15:00 25/10/2021


    On timeframes H4, by using trendline we can see current price 1796.80 based on charts below, still not any closer to upper or down line which it refer to support and resistance level. The charts still show price still rise in uptrend for now. It quite possible to predict price will hit 2 point which it represent 1811.63 or 1788.55. So, it will quite risky to make any trade to hold in long terms because price still in middle channel. The best ways is wait either at 1811.63 to make sell order or 1788.55 to make ready buy if we got enough confirmation before we enter the trade



    GOLD MOVEMENT FORECAST FOR INTRADAY



    1. TIME FRAME H1 - TRENDLINE & SUPPORT AND RESISTANCE
    Based on current price, price still in middle channel and still have volume to rise to 1811.63, but Gold still can make bearish move because market still have high buyer volume on 1788.55. So, it will the best choice to wait at that 2 point before entry.

    2. TIME FRAME H1 - VOX Systems
    Indicator EIE - Already show a earlier signal for good seller(red line) volume in the market for now. So Gold likely try to make high bearish movement later.
    Indicator Stochastic & Awesome - already show earlier sell signal

    The indicator already show earlier signal to sell for now, but we still need to wait price 1811.63 before we enter sell.That because gold still have momentum to rise for now.

    3.TIME FRAME M30 , M15, M5
    Indicator also show earlier sell signal in small timeframes for now. so it will be quite save move if we can wait at sell point refer on seller volume at 1811.63. If price reach 1788.55 first, we will need to see either price will make breakout or reject at that point before we refresh our analysis to follow the current movement to ensure low risk for our entry.
    Last edited by blackberry10; 25-10-2021 at 09:48 AM. Reason: spelling correction

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  19. #1850 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hello Everyone!

    Well, here the foundation will already be gone, and it will push the metal aside. In fact, we get the fact that the crisis is growing and the problems in America are growing like snowballs. Biden's rating is already practically below the baseboard, and the store's shelves are slowly being emptied (based on videos found on YouTube). So the demand for gold will continue, and I consider strengthening it above 1800 during the week. And today, trade can take place between 1800 and 1794 or 1790. And on my return from 1780 I will definitely try to buy. Junior TF was selling, but so far the price is rising, I myself had hoped that short-term sales would work, but apparently so far the bears are protecting and the bulls are overcoming the situation and the price is moving forward. Is growing Growing Growing I'm not particularly afraid of candlesticks with tails on the daily TF, I think the most interesting level is 1833 and the bears should protect it, no use now, the price is probably in the north I believe it grows, I believe and I believe it will happen. So far, there is no risk to the rising channel and the price is more likely to reach the level of 1833 at which it should be interesting, but now what is happening in the market is just noise, only someone has bought it. Over the weekend, bookmakers.

    Daily Time-frame Chart Analysis:

    Name: 1635148471830.jpg Views: 36 Size: 143.5 KB

    On the hourly TF, the price confirms the breakout level, it is quite possible to go to the channel border, after which I expect growth to resume, we also have a rising pitcher, the price is fine I want to see what went wrong. It was a messy Friday, but I liked the quick return with the continuity candle, not enough time to move on, otherwise in the fall if not the price by the end of the week. So you can't win at all. If we go down now, if the price is above the level again, we may forget about the sale.

    Hourly Time-frame Chart Analysis:

    Name: 1635148471789.jpg Views: 38 Size: 140.0 KB

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