Gold

Hello again,
I am back with a new chart analysis practice.
After an exciting day yesterday, I am still bullish aligned since the 4H and 1D are still in an up trend on my chart.
Here is an image of how I think the price might go based on Fibs, EMAs and OBs AND pivot (apologies for possibly using too many indicators, I'm still learning new things every day)
Please give me your thoughts on the analysis.

Safe trading and good luck!

Gold is clearly still in an uptrend, while price doesn't break the 2000 level. This price has a psychological weight. Later on, zone 1977-79. After this, we could start to talk about a possible downtrend started.
Did we touch the peak with 2080? Will see how economic news could affect (like Bank crisis, US Debt,Russia,Oil,..)
Also mention Euro Strength that looks weaker after last times, where pair eur/usd looks that started a downtrend. I always look at the eur/usd chart and compare it to Gold chart. Look how similar they are most of times. With this thought, if you look at eur/usd already started a downtrend with LL and LH. Is giving as a clue, and anticipation about what is gonna happen with Gold? Will see.
Btw, today only UK news. Not at EU or US. Trade safe.

I see Gold selling massively from 2022/2023 down to first to 2003 then 1992, please use good money management. nothing is impossible is fx

I took a risky one. Bought at 2009,77. Already moved SL to BE. TP1 2022 TP opened

I found some bullish divergence. So if it closes at BE, probably I will buy again at better price if possible.

I'm with you, but yes....it's getting increasingly risky, as BUY orders are being cancelled and less orders to be filled.
Interesting.
Maybe small scalping targets?

previous 4H Close above 2009 level provide me a signal of Buy scalping till 4H candle in progress end.So no target only quick buy scalping during this period.Trade safe

seems to me 5may low calls for bearish bias.

Good Morning,

for swing I'm looking XAUUSD up to around 2000.
1985 are tolerated.


dont forget Senti today

I am starting to buy 2010 TP 2022. It is little risky but I will take risk.

If the trend line in consolation box is broken at 2008.71 bearish and rises before the demand line, bullish. I am currently on Short Sell.

I THINK GO UP

taken partial profit.
balance free trade.

I'm very sorry, still can't find it. Maybe 2016 was a good position, but it has been broken down.

Focusing on the immediate future, I think gold still has room to fall.
At least on the H1 chart, gold maintains its downward trend.
I hope I am right.

methinks the same... 2001 waits

I think buying at 2002 will be low risk

Indeed Isabella.....a perfect excuse for a classic pump & dump

The ruinous interest rate run on the banks will continue. Yields 2Y>10Y
On the other hand, gold is still reasonably robust.
Regardless, at 2007 I hedge my longs short, max 1985 or if XAUUSD wents not down -->loss of hedge (short position).

USDIndex H1

Im gonna stick with my short at 2030 untill it hits weekly trendline.