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XAUUSD Technical Analysis

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I think gold has broken through ATH, there is a greater chance of a bullish return to 2000 more.
Gold has repeatedly gone down, but many buyers want GOLD and buy it.
the closing of the market yesterday in 1975 was a signal to continue the bullish trend
#106 - August 02, 2020, 12:30:26 AM

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XAUUSD

gold recent reversal from Monthly, weekly is not closed yet so it's "weak" reversal pattern, sellers pushed from higher volume area from August at 2023 and  price is much lower, potential buyers are sitting between 1918-08 , daily and h4 should give a buying singnal first, but there is an option of breaking lower below 1918-08 then the down trend could accelerate.
#107 - August 11, 2020, 05:46:43 PM
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update about my previous analysis.

so Gold achieved the level mentioned earlier 1918-08 and formed a little reversal from h1, h4 but now the key is that for any upside 1918-08 should hold. Wide stop losses on gold buying are needed now.. Daily still huge down candle but will see how it will develop.
#108 - August 11, 2020, 11:09:50 PM
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« Last Edit: August 11, 2020, 11:11:29 PM by Lolek555 »

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today gold ended day with indecision daily candle. the metal cleared stop losses and price reached 1862 low but now from h1 and h4 perspective still sitting in potential buying zone between 1908-18. another move below this zone could lead gold even lower 1850-1800. 
#109 - August 12, 2020, 09:28:09 PM
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Trading volume on XAU / USD is high, be careful with money management.
My analysis this time is to determine the support area at XAU / USD which is the determinant for trend continuation or trend reversal.
The first support was at 1900-1910 and the second 1840-1850.
Even though it had fallen greatly and broke the first support due to the panic of selling, XAU / USD immediately gained buying support and managed to close at D1 above resistance.
The chance for XAU / USD to continue the trend is bigger but we must be alert to trend reversals, focus on important areas of support and resistance.
#110 - August 13, 2020, 07:35:21 AM
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Xauusd Explanation of the daily timeframe: yesterday's daily candlestick formed a bearish doji, but don't order positions just yet Explanation of the H4 timeframe: ranging from the H4 price candle in the 1956.xx and 1940.xx area, make sure the candle body has broken low first Explanation of the M15 timeframe: for the conditions of the m15 trend we have seen the m15 trendline is still down so just focus on selling
#111 - September 11, 2020, 02:15:30 AM
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Xauusd Explanation of the daily timeframe: for yesterday's daily candlestick, it was seen that the price did form a bearish doji candle but it was correcting up Explanation of H4 timeframes: ranging from the H4 horizontal line is at the prices 1948.xx and 1939.xx must break the candle Explanation of the M15 timeframe: for the chart the price is still focused on going up because the trendline is still strong up
#112 - September 14, 2020, 10:55:56 AM
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XAUUSD has retraced down to a great level.

Entry = 1955 to 1960
TP = 2060
SL = 1945
#113 - May 18, 2023, 09:37:01 PM
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« Last Edit: May 19, 2023, 12:26:57 AM by Admin »

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