🎖 Read the whole forecast - Link
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Gold rallied 3.8% on Friday and is now hitting local resistance. What's in store for Monday and the week ahead? Let's find out!
1) The price reacted too easily and too fast to the white rising support, so there is a chance of a pullback to 1843 and a retest to the white rising support (long consolidation or false-break).
2) Gold , as I mentioned in Friday's review, is still in the correction phase, and the final change of the trend will happen only after the white line is broken through
3) There is a chance that the gold could form a long consolidation between 1824 and 1843 (1865) before it makes a strong recovery.
4) But the price closes close to 1843 level, hence, on the surge of volume , the buyers might feel confident and break the given zone, forming an impulse to 1865 and 1881, if they feel a local bullish absorption.
5) Keep an eye on the current range. The price is now trading in 1843 -1824. There is a possibility of bounces and false...
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On the local timeframe the situation is even more interesting.
I am finishing the analysis and will publish it soon.
There is a probability that in the near future the price will finish its correction in the area of 1808-1812
Gold prices were steady on Thursday due to a slight pullback in the dollar and bond yields, although gains were kept in check by evidence of a resilient U.S. economy that could offer room for the Federal Reserve to raise interest rates further.
Benchmark U.S. 10-year Treasury yields eased, while the dollar slipped 0.3% against its rivals after hitting a near six-week peak on Wednesday, making gold cheaper for other currency holders.
"Gold is seeing a 'dead cat bounce' or a temporary recovery after a significant decline on some bargain hunting. Recession fears are lending some support to the gold market as is a modest correction in the dollar," said independent analyst Ross Norman.
For now, the path of least resistance is lower and bears have the upper hand, Norman added.
Gold prices have fallen 4.7% this month, on track for the biggest monthly drop since June 2021 if losses hold.
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🎖 Read the whole forecast - Link
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Gold can't get back behind the local line and is forming a consolidation below. The potential for a move lower is likely to be gathering
1) The daily chart is hinting at an impending decline
2) Price is consolidating under the liquidity zone 1840
3) Only bearish set-ups for the daily and medium-term potential are forming at the moment
4) Breakdown of the local support at 1832 will send the price to 1807
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
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🔥Performance of VIP channels with signals on XAUUSD
🏅The result of the GOLD VIP:
✅️ 09.01 to 13.01 +740pips🏆
✅️ 16.01 to 20.01 +440pips🏆
✅️ 23.01 to 27.01 +970pips🏆
✅️ 30.01 to 03.02 +1040pips🏆
✅️ 06.02 to 10.02 +815pips🏆
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👉 Forecast for today - LINK
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Price is consolidating below the 1865 zone. In this place to open positions. Keep an eye on the junior timeframe, as soon as the rise begins - it means there is a realization of the plan.
Technically, the stop-loss can be placed behind the local tail of the penultimate candles.
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Use constructive or minimum lot
Gold is a high risk trading instrument!
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Sell (limit): 1863-1865
TP1: 1854.5
TP2: 1845
TP3: 1835
SL: 1873-1875
⚠️ stoploss is a little high. In that case you need to reduce the risk a little bit
🎖 Read the whole forecast - Link
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Gold's consolidation reveals its potential. Price from the 1870 area forms an impulse to 1824
1) The price is in the 1870-1824 range. We are waiting for the test of the lower border.
2) Correction phase, it is impossible to speak about change of the global trend at the moment
3) From the 1824 area I expect a pullback to 1830-1840.
4) Entry points for sales at the moment are small, as the price is in the phase of impulse realization, it is worth waiting for the support test and to make decisions from the level of 1824
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#GOLD Long📈 at 1857
1st TakeProfit: 1861
2nd TakeProfit: 1867
StopLoss (risk 1-2%): $1853
🎖 Read the whole forecast - Link
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Gold updates the local low and is in a consolidation phase.
1) The price after Monday's bearish candlestick forms a pullback to the 1869 area.
2) The local trend is bearish .
3) The price has not yet overcome the local resistance levels, so we can talk about buying.
4) The 1869-1870 area may negatively affect gold and push it down.
5) Gold is in the 1869-1824 channel, with downside potential to 1824
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📰 Robert Kiyosaki:
Giant crash coming.
Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000.
Why?
Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin people’s $. Take care.
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🎖 Read the whole forecast - Link
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Gold consolidates below the 1866 level, consolidation in the short zone prepares the price for the move to 1835
1) Consolidation in the area of 1866-1856 can send the price to 1835 in the near future
2) We focus on the support level of 1856-1854 to open sell orders
3) The local trend is bearish and the price is in the phase of implementation of the set "bearish flag".
It is worth focusing on a breakdown of the support of the local consolidation to open sell orders.
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
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🔥Performance of VIP channels with signals on XAUUSD
🏅The result of the GOLD VIP:
✅️ 09.01 to 13.01 +740pips🏆
✅️ 16.01 to 20.01 +440pips🏆
✅️ 23.01 to 27.01 +970pips🏆
✅️ 30.01 to 03.02 +1040pips🏆
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Hi, this is Natalia and GoldTech Analytics 🌸
It's time for the weekend!
Spend this time to your advantage.
Me and my team will analyze gold for the upcoming week and publish a review in anticipation of the beginning of a new week!
Have a great weekend! ❤️
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💌 Сontact: @GoldTechOfficial ✅️
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🎖 Read the whole forecast - Link
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There is a chance that the gold will finish its correction phase at 1808-1810. Let's analyze why:
1) The global Gartley pattern makes us understand that this phase and this movement fits into the category "correction".
2) The strong uptrend line, which plays the role of support. The price reacted to it many times, which tells us about the support zone in this area
3) The ABC correction is approaching its end and is supposed to replace it by the formation of the fifth Elliott wave
4) The global trend remains bullish
5) A heavy zone is forming below the 1808 area. The increased density may make the volatility storm and even more so, it won't break through it at the first time
If price reacts properly to the 1808-1810 zone, gold could send to 1879, then to 1930
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🎖 Read the whole forecast - Link
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Gold is testing the upper boundary of a strong consolidation. Perhaps price needs to go deeper to capture liquidity, but by how much?
1) The close of today's candle will determine the potential for Monday. If price closes above the level (not tight) there will be a chance for a pullback to 1840-1850
2) The close of the candlestick is very close to 1824, or the close within the range - we should expect a fall in the medium term.
3) The global trend is bearish , the local trend is also bearish , but at an early stage, in fact it is a technical rollback
4) We expect consolidation either higher than 1824 or higher than 1800 to determine the further potential.
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#GOLD Long📈 at 1832
1st TakeProfit: 1836
2nd TakeProfit: 1842
StopLoss (risk 1-2%): $1828
Great implementation.
Price reached the target in a few days (the screenshot is an idea from Saturday's forecast for the coming week)
The fall continues and until the price hits a strong support
🎖 Read the whole forecast - Link
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Gold continues to decline. Yesterday's candlestick closed close to its low, which suggests that the decline will continue
1) Local trend is bearish .
2) The price tends to the 1823 liquidity area.
3) Below 1823 is the contagion zone and it will be very difficult for the price to pass
4) Daily RSI is in the oversold area, in the near future the indicator may show a bullish signal
5) There are no local levels for buying, so we should expect the testing of 1823
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Cool realization of the idea from VIP3 (from 2023.02.10)
The deal was active for 5 days and brought a good result in the form of 200 pips profit of $6600!)
🎖 Read the whole forecast - Link
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Gold breaks the local support and forms a momentum, where the price will stop, we can only guess from the history. Presumably, this is the support area of 1825.
1) The bearish impulse can stop near the blue area, which is a rather strong support level
2) The global trend (if you pay attention to the lower charts) is still bullish
3) The problem is that the momentum after the consolidation can be strong enough and can break through the mentioned zone.
Expect a test in the form of a false breakdown or a pullback and consolidation above the level to open a buy
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🎖 Read the whole forecast - Link
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Metal consolidates under the area of higher liquidity and starts to form momentum
1) The price did not break through the 1863 area on the retest, bull market weakness is forming
2) Price consolidates under resistance
3) The next target is support at 1850 and 1840
4) A bearish momentum is forming. We are waiting for price decline and renewal of lows
From the area of 1865 and 1860 we should expect a decline in the price of gold futures in the direction of a bearish trend
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
💌 Сontact: @GoldTechOfficial ✅️
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🔥Performance of VIP channels with signals on XAUUSD
🏅The result of the GOLD VIP:
✅️ 09.01 to 13.01 +740pips🏆
✅️ 16.01 to 20.01 +440pips🏆
✅️ 23.01 to 27.01 +970pips🏆
✅️ 30.01 to 03.02 +1040pips🏆
✅️ 06.02 to 10.02 +815pips🏆
By purchasing a subscription, you get access to All Three VIP channels.
👑 Join the vip: @GoldTechSignals_bot
👉 $75 a month for everything!
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💌 Сontact: @GoldTechOfficial ✅️
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🔥Performance of VIP channels with signals on XAUUSD
For the period from 06.02 to 10.01:
💛GTA VIP1: Intraday Signals:
Total: 32
Closed at a loss: 6
Closed in profit: 19
Accuracy: 69%🎯
💙GTA VIP2: Mid-Term:
Total: 2
Closed in loss: 0
Closed in profit: 2
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GTA VIP1 Profit: +650 pips!🔅
GTA VIP2 Profit: +165 pips!🔅
💥TOTAL: +815 pips!✅
🏅The result of the GOLD VIP:
✅️ 09.01 to 13.01 +740pips🏆
✅️ 16.01 to 20.01 +440pips🏆
✅️ 23.01 to 27.01 +970pips🏆
✅️ 30.01 to 03.02 +1040pips🏆
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
💌 Сontact: @GoldTechOfficial ✅️
🏅VIP: @GoldTechSignals_bot🏅
🎖 Read the whole forecast - Link
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Gold goes down from the local consolidation and prepares to fall further
1) The local level of 1858.97 is formed on the chart, a breakdown of this level will generate an impulse to go down
2) The price is in the correction phase, which after the second impulse may hint at trend reversal
3) The range of 1869-1824 is forming, the price can go to 1824 from the resistance.
4) The global trend is still bullish and the price is in the correction stage
5) Indicators show bearish mood
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💌 Сontact: @GoldTechOfficial ✅️
🏅VIP: @GoldTechSignals_bot🏅
🎖 Read the whole forecast - Link
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Gold is forming a transitional set-up and seems to be changing trend. A bearish takeover, the flag and the general situation looks rather negative for the gold market
1) The fundamental factor continues to weigh on the futures price quite strongly.
2) At the same time the central banks of many countries, which are set to reduce the impact of dollar on their policies continue to actively buy gold
3) Perhaps, the second point is partly the reason of weakening of price.
4) On the local chart we see a strong bearish impulse and a stop of the price in the area of 1881-1865, where the pattern "flag" is formed
5) The flag is a pattern of continuation of movement, hence the subsequent exit from the flag and the test of the 1850 area indicates a bearish mood of the market
6) On Monday the price is likely to continue consolidation in the area of 1858-1868.
7) Medium-term outlook - bearish direction
The market is testing lows. The risk and panic zone f...