InsiderB

XAUUSD(Gold) : Where Gold is headed now ??

FX:XAUUSD   Gold/U.S. Dollar
4 months ago
Hey Guys,
As we have predicted previously Gold             XAUUSD             trapped into our marked resistance & support zones and cudn't break any of it, so its bouncing back within the same region. Now in current scenario we have potential bat pattern formation which will gives us chance to go long and if XAUUSD             comes upto 1320's we have trendline and resistance zone retest with formation of double top a good chance to enter short in Gold             . So whatever happens we are ready with our plan, let watch what happens....

Hit Likes if you agree... For previous post about XAUUSD             ranging prediction check related ideas below...
Thanks for your support...Happy Trading !!
4 months ago
Comment: Wait for valid bearish close in resistance zone or double top completion to enter short

*** With Great Power, there comes Great Responsibility ***
mukkarramali
4 months ago
I would really appreciate your input on below chart. I know anything is possible, but just for my knowledge, why do you think there is less chance of breakout long.
XAUUSD
+1 Reply
InsiderB mukkarramali
4 months ago
Hi Mukkarramali, Thanks for sharing your idea.. I have couple of points here to add, lets go with your chart : If strong close happens above Blue trendline channel, Gold can move into short bullish mode but will face resistance @ 1330's which is also mentioned in prev. idea. If Gold takes out 1330's with full force & sooner the better bullish mode. This double top & smaller resistance on my chart is to trade between 1300's to 1330's range only,not long term.
Reply
mukkarramali InsiderB
4 months ago
Cool, I get it. Thanks for your help, I'm learning so just trying to have better understanding of how to interpret charts and market signals. I'll look out for the double top you've pointed out. Thanks again for your valuable input.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out