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ChartCartel
Feb 13, 2021 3:54 PM

GOLD Death Cross bears could win this one.  

FOREXCOM:XAUUSD1D
Gold / U.S. DollarFOREX.com

Description

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my 2nd scenario for gold, i have posted a chart with a bullish outlook as-well.

will be waiting for confirmations before taking any action, Bulls could still pull this back, the MACD is very close to flipping.


let me know your views in the comments!

Comment

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EDIT its a 20&200 EMA as shown in the indicators. mistakenly wrote 50&200 on the chart before posting.

Comment

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Home run, clean retest and break. heading towards 1700 next

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1000 pips running. perfect.

Comment

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Trend AnalysisChart PatternsTechnical IndicatorsXAUUSDGoldBearish PatternsWedgedeathcrossdeathcrossoverSELLgoldtrading
Comments
haseebtahir564
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I believe 1764 will be broken
ChartCartel
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@haseebtahir564, Gold will MELT if it does! lots of potential
ChartCartel
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@haseebtahir564, congrats!
PriceActionAnalyses
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I'm in a buy position
ChartCartel
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@PriceActionAnalyses, im also slightly more bullish on GOLD (i have a bullish outlook aswell) no brainer with Stimulus, i just cant ignore this possible bear scenario. will react accordingly! we love gold
PriceActionAnalyses
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@tk_trading taking a look at dxy and higher timeframes on Gold it's legit bullish... but let's see what happens
Lio_Btx
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In my TradingView or MT4 I didn’t see cross death ...... for ema20 & ema200.... am I wrong...?
Lio_Btx
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@Lio_Btx I think that is SMA 20 & SMA 200 not EMA
ChartCartel
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M @Lio_Btx you’re right, it’s a typo mistake on my end. Although not entirely valid, I still foresee the crossover potentially having an impact
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