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transparent-fx
Nov 14, 2019 8:10 AM

XAU/USD MULTI-TIMEFRAME ANALYSIS  Short

Gold / U.S. DollarFOREX.com

Description

Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Comments
eSauKiao
the biggest hurdle for long is 1470... once broke the resistance line and it will just go sky up... maybe you need to draw a regression line from the drop point 1510 till 1445... and draw another regression line from the pivot point up till now.. and you see what im talking about...

failing to break 1470 will sent it down low and open opportunity for short position...
hagh
@AnDique what you think now? Is it the time to short? It is end of week and I think this will happen next week if it can break 70 or 80 ?
eSauKiao
@hagh,

i only trade at pivot point... and supposed to be long trade.. i am sorry if my comment doesnt really help you.. but i do get some nice lot at 1445... cheers bro..
somiejeee
@AnDique, do you wants to say today is buy trend. No my opinion is like this it will move to 1445.
eSauKiao
@somiejeee,

today support is at 1462.. so naaa.. it wont go 1445...
somiejeee
@AnDique, you mean it will go up
eSauKiao
@somiejeee,

i am predicting gold will break 1600 barrier by end of this year.. gold is the safe haven especially after all the nonsense trade war that sending global economy down..
transparent-fx
@AnDique, you have to react, not predict
eSauKiao
@transparent-fx,

yup.. we have to react... but based on current state with recession in mind, i would sure go with long in gold....
fjinvestments
you're the man! do you think there is a chance it can go back up to the top of the downward channel? which is about 1500?
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