ASAMForex

Here is the market outlook on Gold (XAUUSD) for next week from 15th to 19th of July. It is a clear projection of what is mostly likely to happen on Gold next week.ANALYSIS.In monthly timeframe the July candlestick has opened with a stronger bullish momentum following the support of the news this week. But since it is just the beginning of the month, therefore sentiment may change in the future.In weekly timeframe the idea of three wave swing to the upside remains the same, and currently the correction has completed therefore price is expected to create another three wave swing to the upside.In daily timeframe the triangle ideas introduced last weekend has remained true followed by a clear five wave move to the upside. The the fifth wave is expected to end within the horizontal resistance presented above the current price level.In four hour timeframe there is a clear five wave move to the upside as explained in daily timeframe. Price is forming the five wave move in an expanding channel. We have to expect price to complete the fifth wave within the horizontal resistance presented in this timeframe.PRIMARY PROJECTION.Watch for buy opportunities after correction of the current five wave move to the upside. But short term sells can be taken when price show signs of correction around the 2430 or 2450 levels.

Here is the market outlook on Gold (XAUUSD) for next week from 8th to 12 of July. It is a clear projection of what is mostly likely to happen on Gold next week.ANALYSIS.In monthly timeframe the July candlestick has opened with a stronger bullish momentum following the support of the news this week. But since it is just the beginning of the month, therefore sentiment may change in the future.In weekly timeframe the idea of three wave swing to the upside remains the same, and currently the correction has completed therefore price is expected to create another three wave swing to the upside.In daily timeframe the triangle ideas introduced last weekend has remained true followed by a clear five wave move to the upside. The the fifth wave is expected to end within the horizontal resistance presented above the current price level.In four hour timeframe there is a clear five wave move to the upside as explained in daily timeframe. Price is moving with a horizontal resistance level. There is signs of beginning of fading out of the buying momentum in this timeframe.PRIMARY PROJRCTION.Watch for buy opportunities after correction of the current five wave move to the upside. But short term sells can be taken when price show signs of correction around the 2400 level.SECONDARY PROJEXTION.Watch or sell opportunities when price rise to the level of around 2430.

Here is the market outlook on Gold (XAUUSD) for the coming week from 1st to 5th o July. It is a clear projection o what is mostly likely to happen on gold in the coming week.ANALYSIS.In monthly timeframe the current monthly candlestick has closed in an indecision form, this indicates that there was a fight between buyers and sellers this month. But previous month indicated that sellers were taking control.In weekly timeframe the idea of three wave swing to the upside remains the same, but price has failed to break the static support at 2300 level. Therefore the expected fourth wave maybe completed at the level of the static support. In daily timeframe the idea has changed a bit compared to what was expected in previous analysis based on the idea mentioned above that the corrective wave might be completed at the current price level. Here we see there is a possible triangle formation.In four hour timeframe there is a clear beginning of trend to the upside where by a clear five wave move is identified.PRIMARY PROJECTION.Watch for possible buy opportunities when price correct to the level between 2310 to 2303 with targets on the upper channel of the triangle.ALTERNATIVE PROJECTION.Watch for a possible break and retest of the upper channel of the triangle then spot buy opportunities.

Here is the market outlook on Gold XAUUSD for the coming week from 24th to 28th of June. It is a clear market projection for five days of the coming week.In monthly timeframe we see June candlestick is forming a sort of indecision candlestick, but we still have five trading days for the monthly candlestick to close. Therefore a completed monthly candlestick formation will be identified in Friday. But in general in this timeframe bearish momentum is expected to continue. In weekly timeframe the idea of three wave swing to the upside followed by correction remains the same. Price is getting rejected from the downside at a static support. But bearish momentum is mostly dominated the market move by the end of the week, therefore will be next week as well.In daily timeframe price responded to the static and dynamic resistance as per previous week analysis. In this timeframe clear lower highs and lower lowers are formed, therefore a new low is mostly likely to be the next formation in this timeframe.In four hour timeframe price has formed a fast and stronger bearish move that indicate presence of sellers at the resistance level in this timeframe. Currency price is moving at the minor dynamic support. This level will create trading opportunity when it either reject price or get broken to the downside. PRIMARY PROJECTION.Consider selling Gold when price form sell confirmations between 2640-2360 level. Target will 2600 level.ALTERNATIVE PROJECTION.Consider selling Gold when sell confirmations are formed after break and retest of the dynamic support explained in this timeframe.

Here is the market outlook on Gold XAUUSD for next week from 17th-21st of June. It is a clear projection of what is mostly likely to happen on Gold in the coming week.ANALYSIS;In monthly timeframe price has formed a clear rejection on two monthly candlesticks, and the current monthly candlestick is mostly likely to close with the bearish momentum.In weekly timeframe the three wave swing to the upside followed by correction is still holding true and currently the corrective phase is still ongoing. Price has bounced at a the static support which has a serious history of supporting price. In daily timeframe there is a sort of clear heard and shoulder pattern, but price is still maintained above the static support explained in weekly timeframe. Price is expected to rise up to the level of a simple technical resistance presented in this timeframe.In four hour timeframe price is expected to complete wave C of the possible ABC price move to the downside. Currently price is correcting the expected wave 1 of the the five wave move of wave C. Correction is expected to move up to technical levels indicated by trendline in this timeframe.PRIMARY PROJECTION.Consider sells when price confirm at 2350 with First targets at 2300. Then break and retest of 2300 will create another opportunity for continuation of sells up to around 2100.ALTERNATIVE PROJECTION.Consider buying when price break close above and retest the 2400 level with targets at 2450.

Here is the analysis on Gold XAUSD for next week from 10th to 14th of June. It is a clear projection of what is mostly likely to happen on Gold in the coming week.ANALYSIS;In monthly timeframe there are rejections from the upside in three months consecutively, and the current months demonstrate increase in bearish momentum even though there are 19 days left for the monthly candlestick to close. In weekly timeframe the idea of three wave swing to the upside remains the same, and currently we are in a corrective phase of the price move. At the highest level reached by price in this timeframe there is a bearish engulfing candlestick formation a d the next candlesticks are maintained below the structure. This is the clear indicator of a possible continuation of price move to the downside. In daily timeframe a clear trending to the downside is created where by lower highs and lower lows are now more clear. Currently price is at 2300 level, this is a very important technical and psychological level. In four hour timeframe price demonstrate a clear ABC corrective structure with price completing the formation of wave C down. Price id expected to correct before it continues to the downside. PRIMARY PROJECTION;Consider selling when price correct up to 50 or 61 fib of the downward swing in this timeframe. This is around 2340-2360.SECONDARY PROJECTION; Consider buying when price move beyond the beginning of the downward strong strong created this week. But buying is less likely to happening.

Here is the market outlook on Gold (XAUUSD) for next week from 3rd to 7th of June. It is a clear projection of what is mostly likely to happen on gold in the coming week.ANALYSIS;In monthly timeframe there is a clear rejection from the upside in May candlestick the same as what happened on April. This is a clear indicator of presence of sellers at this level. Based on psychology of the market, price is expected to move up to around 50% of the May candlestick when the June candlestick opens.In weekly timeframe the three wave swing idea remains the same where by currently we are looking for a possible correction to the downside. There is a clear bearish engulfing candlestick pattern that is respected with this weekly candlestick. Also, there is divergence in this timeframe. All are indicators of a possible move to the downside in this timeframe.In daily timeframe price has maintained s sort of sideway movement in six days due to presence of the horizontal support, therefore there is accumulation of volume at the current price level. This will be followed by a stronger price move in the coming week. In four hour timeframe price is playing above the minor static support level, also there is a minor dynamic support moving at the same price level. Based on Elliott wave count price is in formation of the final fifth wave to the downside. This will be followed by a corrective wave move to the upside. PRIMARY PROJECTION;Watch for High risk buy opportunities on opening of the market, or wait for low risk buy opportunity when price move to 2360 with targets at 2400.SECONDARY PROJECTION;Watch for sell opportunities when price break the 2340 level with targets at 2300.

Here is the market outlook on Gold (XAUUSD) for next week from 27th of May to 31st of May. It is the clear projection of what is mostly likely to happen on gold in the coming week.ANALYSIS:In monthly timeframe there is clear rejection formed from almost the same level of the previous monthly candlestick. This is the clear indicator of presence of sellers at this level. Still there are five days for monthly candlestick to close therefore there maybe more ejection until the end of the month.In weekly timeframe there is a clear three wave swing to the upside as described in previous analysis. This week has managed to close with a formation that has engulfed the previous week analysis. In addition there is clear divergence formed in this timeframe. All these are indicators of a possible sell in the coming week.In daily timeframe there is a Lear bearish momentum due to clear bearish trend created. There is a clear five wave move to the downside with fourth and fifth waves underway. Price trading below 2400 is a bearish side of gold in this timeframe.In four hour timeframe there is a clear five wave move down. A sideway movement is expected on opening of the market. This will be in formation of the forth wave of the five wave move down.PRIMARY PROJECTION:Watch for sells when price move sideway nearly 2355 with targets at 2300.SECONDARY PROJECTION:Buy when price confirms at 2300 level with targets around 2375.

Here is the market outlook on Gold (XAUUSD) for next week from 20th of May to 24th of May. It is a clear projection of what is mostly likely to happen on Gold next week.In monthly timeframe there is a stronger gain this month almost covering the whole rejection formed in the April candlestick. This is a clear indicator of buyers dominating the price in this timeframe. There twelve remaining days for monthly candlestick to close, therefore price may reject to the downside or may continue to the upside.In weekly timeframe price has maintained a two weeks bullish momentum to an extent of a possibility of new higher High to be formed. But at the same time there is decrease in volume at this level which is an indicator of a possible price turn to the downside.In daily timeframe price seems to be in completion of the five wave move to the upside. Based of the internal wave formation, price may complete the fifth wave at the current price level, Alternatively, extension is possible up to the level marked by resistance in this timeframe. In four hour timeframe price is moving in a channel to the upside and current price is at the upper boundary line of the channel, therefore, resistance is expected to happen at the current price level. Price has currently managed to trade above 2400, this is a psychological level.PRIMARY PROJECTION:Consider selling when price reject to the downside and break the lower boundary line of the channel (sell below 24000 level).SECONDARY PROJECTION:Consider buying when price move down on opening of the market and bounce above the lower boundary line of the channel (buy above 2400).

Here is the market projection on Gold (XAUUSD) from May 14-17.ANALAYSIS.Price is expected to maintained the previous week projection in High timeframes (Monthly, and Weekly) but daily timeframe and below are expected to demonstrate an opposite direction from the previous projection.In daily timeframe price has clearly completed the ABC corrective move to the upside at around 61 percentage Fibonacci level.In four hour timeframe price is clearly demonstrating a lower degree five wave move to the downside with correction expected to be completed nearly 61 percentage Fibonacci level.PRIMARY PROJECTION;Consider selling gold from the current price with stop loss above the crescent swing High created on Friday in four hour timeframe.ALTERNATIVE PROJECTION;Consider selling gold with low risk when price break and retest the dynamic support indicated in this timeframe.