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Long term bias is still bullish

Ucef Posted 31 Mar. as Analysis on XAU/USD, Target: 1 200.11, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #XAU/USD #Bullish Bias #Fibonacci Level #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 1 200.11.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigg…
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The long term bias is still bullish on XAU/USD

Ucef Posted 29 Feb. as Analysis on XAU/USD, Target: 1 204.23, Date: 1st of April, 12:00 GMT  in #Technical analysis #Resistance #Patterns #Trend Line #Breakdown #XAU/USD #Levels #Bearish Signs #Support Area #Downward Channel #Channel Line
Daily Vision

The XAUUSD was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 1 695.23.
I still prefer a bullish intraday scenario at this phase targeting 1 685.23 region.
Immediate resistance is seen around 1 254.23. A clear break and daily close above that area could trigger further bullish pressure testing 1 654.23 region. Immediate support is seen around 1 232.23.
A clear break below that area could trigger further bearish pre…
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False break below support area

Ucef Posted 30 Sep. as Analysis on XAU/USD, Target: 1100.0790, Date: 2nd of November, 12:00 GMT  in #Technical analysis #Patterns #XAU/USD #Support Line #Fibonacci Levels #Trendlines #Channel Breakout
Weekly analysis
Gold resumed the bearish trend after breaching 1134.00, which may bring additional downside movements. However, we need a breakout below 1125.00-1120.00 to extend the bearish tendencies. Anyway, we can depend on the negative signs on ADX and RSI to suggest bearish scenario, waiting for another break below 1120.00.
Daily analysis
Gold raised sharply on Thursday and made up the losses suffered earlier in the week. Though the metal is slightly lower at the time of Friday closing bel…
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The Federal Reserve is stuck within a liquidity trap.

Ucef Posted 31 Aug. as Analysis on XAU/USD, Target: 1242.4180, Date: 1st of October, 12:00 GMT  in #Technical analysis #Federal Reserve #Market #Economy #XAU/USD
Following the FOMC minutes on Wednesday, gold has seen a massive two day move that brought the precious metal to five-week highs. Worries mount as market participants are beginning to realize that the Federal Reserve is stuck within a liquidity trap.
The minutes statement indicated that the Fed saw risks to near-term inflation (as the five-year breakeven rate hit five-year lows) and growth. The once “sure bet” on a September rate hike quickly dwindled, and the possibility of another round of qu…
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