#Gold's correction started with a drop of 5% in a day last week. This week will be another down week. Once $4000/oz is broken, the acceleration of short term downtrend will kick off. 1st support is at $3870. 2nd support is at 3750. 3rd support is at 3500.
#XAUUSD#gold
Our model detected the first outlier of 95% prediction interval when #gold above 3870. This suggests a consolidation or a correction is coming. The precious metals market overall needs to reset bullish sentiment when #gold almost hit 3900 and #silver hit 48. Be ready !
#xauusd
#Gold hit our yearly target at $3750. We closed 2 long positions: 3150 and 3203, made an average of $573/ounce in profit. Now we are comfortably sitting on the sidelines and waiting for the next buy-the-dips opportunity.
#gold#xauusd
#Gold isn't ready to retest internal trendline #3 yet. $Gold shall go to 3750 or even 4000 before a big correction down to the internal trendline which should be around 2700-2800. When it broke two internal trendlines last times, it went up %50. This time has to be 50% from 2530
1/3 posy long is filled at $3203. Another 1/3 posy is waiting at $3150. Save 1/3 posy for the possible outliers. A flush of long weak hands could send #gold under the lower band of our model's prediction interval, which may lead to outliers ~ 3050-3100.
#XAUUSD
After exactly 4 months of our last post, #gold's spot has hit our target of $3750. Patience is the key. A trade from $3150 to $3750 resulted in a profit of $600/ounce. We did not post anything in the last 4 months but waited patiently for our yearly target.
#gold#gotgold
Be ready for the next #gold bull run to $3750. This time it could be miners that lead gold prices up. A big bull flag pattern on the #GDX daily chart. A bearish flag pattern on the #DXY chart. All those signals are showing $gold is ready to π.
#XAUUSD
This will be the first weekly close above weekly pivot 3330 for spot #gold. After 5 attempts, $gold finally has a weekly close well above 3330. This will surely mark a significant milestone for gold bulls and give a clear signal that the correction is done and next target is 3750
#Gold is at a crossroad. Bears might have to be very careful. It can be a short squeeze for whoever tries to short $gold at the downtrend line. It may seem reasonable at first but when you look closer, there're another big inverted H&S + a big bullish pennant patterns.
#XAUUSD
Be ready for the next #gold bull run to $3750. This time it could be miners that lead gold prices up. A big bull flag pattern on the #GDX daily chart. A bearish flag pattern on the #DXY chart. All those signals are showing $gold is ready to π.
#XAUUSD
#Gold isn't ready to retest internal trendline #3 yet. $Gold shall go to 3750 or even 4000 before a big correction down to the internal trendline which should be around 2700-2800. When it broke two internal trendlines last times, it went up %50. This time has to be 50% from 2530
#Gold is slowly recovering from the last sell-off phase. It is building strength with support at 3200. There's a potential inverted H&S pattern in the 4-hour chart. Once the bullish momentum kicks in, $gold will break above the neckline and head to sub-3400 level - 3380.
#XAUUSD
This post came right before the downgrade of U.S government debt news. Got a feeling that the retest of 3172 level was done, and #gold is heading higher to the next 1.618 Fibonacci's extension at 3750. How did everything all occur at once, fundamental & technical aspects ? Magic
#Gold isn't ready to retest internal trendline #3 yet. $Gold shall go to 3750 or even 4000 before a big correction down to the internal trendline which should be around 2700-2800. When it broke two internal trendlines last times, it went up %50. This time has to be 50% from 2530
@GEORocket007 It's difficult to say how the gold market opens next week, depending on the outcome of the negotiation going on between Russia & Ukraine.
#Gold is retesting the downtrend line, or is it going lower ? As stated in the last tweet, we wouldn't rule out a down to 3050-3100. If $gold is not able to hold 3150 today, it will become a real possibility next week.
#XAUUSD
#Gold rebounded from support at $3150-ish level. It's critical that $gold holds daily MA(50). The correction followed ABCD pattern, which was completed at $3121. Not out of the woods yet but things went as planned. Wouldn't rule out of a down to 3100 but it'll be a Strong BUY.
Thing went as planned. #Gold should rebound from $3150-ish level where MA(50) sits on the daily chart. A hidden bullish divergence on RSI indicator might suggest a correction shall be done soon or at least a rebounce is coming. Those're waiting for sub-3100 may not get a chance.
#Gold tested $3150, and is still holding so far. The low is $3120. Our order got filled at $3150 for 1/3 posy. Our model also detected the first outlier in May. If it's still a valid model up to date, it suggests a Strong Buy signal. What if $gold closes green today ?
#XAUUSD
@GEORocket007 The decline in gold is due mostly to USD strength in recent weeks, plus a part of it comes from the selling pressure from recent news such as tariff news. What could send gold lower than 3150 ? If DXY still keeps going up then gold can go lower than 3150. Watch DXY.
Thing went as planned. #Gold should rebound from $3150-ish level where MA(50) sits on the daily chart. A hidden bullish divergence on RSI indicator might suggest a correction shall be done soon or at least a rebounce is coming. Those're waiting for sub-3100 may not get a chance.
1/3 posy long is filled at $3203. Another 1/3 posy is waiting at $3150. Save 1/3 posy for the possible outliers. A flush of long weak hands could send #gold under the lower band of our model's prediction interval, which may lead to outliers ~ 3050-3100.
#XAUUSD
@GEORocket007 We have the current bull trend that started at the beginning of 2025 and that could be in danger if gold breaks with a weekly or monthly close under 3150. But if you zoom out the chart then we have a bigger trend that started in late 2023, which has support around 2800.