Yes No Please fill out this field. Only English comments will be allowed. Gold is moving upwards after touching the hourly support around , current market price is and we are expecting more upward movement for minimum and maximum Please enter valid email. The break of support in previous week days invalidates the mounting structure and confirm the bearish signal for next couple of days. Gold prices broke below the June opening range last week with the decline now eyeing support targets into fresh lows.
Detailed XAU USD forecast as well as a Gold Spot US Dollar technical analysis through moving averages, buy/sell signals, and common chart indicators.
Trading Strategies Headlines
The intraday 4 hour chart also looks bullish. There is a bullish engulfing pattern and I might be looking for a long entry at around , but first I want to see how price will open. If price manages to push past the level, I will be looking for the next major resistance level at and then potentially This material is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever.
Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results. Close alert Thanks for following this author! Close alert You've unfollowed this author.
We will look for the confirmation either price will give more upward movement for or it may give reversal. We will look for the reversal from 2 major areas and We will not enter in bearish position unless we get any proper reversal signal.
This week closing may clear the picture for next movement diagram. I am sharing update daily chart below. Please have a look. Gold is moving upwards after touching the hourly support around , current market price is and we are expecting more upward movement for minimum and maximum Price is moving in a rising channel direction in 4 hour chart.
It is also possible price may touch support and then bounce back again. I am sharing 4 hour and hourly chart below with two different expected movement diagram. Both charts are indicating upward movement, but patterns are different. Please have a look in 4 hour and hourly chart below. Gold is trying to break the barreir resistance around Once this level is break, you will see very good bullish move towards our targets.
US election may give volatile during and after the results…But we will focus only technical set up. Our invalidation point is weekly low. If gold close below in weekly time frame , it will give us thoughts to forget the correction and jump for bearish move towards and Right now it is most likely, gold will touch new high before making any majore bearish move.
Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Is it a good idea to incorporate a small business? Started Forex trading in He is well known in Gold Analyst and having the proof track record. There are many followers of his analysis around the globe. Gold Technical Forecast 7th January January 6, dgacom 0. Gold Forecast Technical Analysis December 27, dgacom 1.
XAU/USD forecast & technical analysis July 3, 2018
Forex Analysis by Mike Wolf covering: XAU/USD, US Dollar Index Futures, Gold Futures. Read Mike Wolf's latest article on gestomedula.tk XAU/USD Gold Forecast And Technical Analysis July 30th. XAU/USD - Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to. XAU/USD forecast & technical analysis July 3, suggests an attempt to test the resistance area near the level of and the continuation of the fall in quotations below the level of , the cancellation of the drop in GOLD prices will trigger a breakdown at level , in which case it is expected to continue growing in the area above.