TuanMSallay
Long

GOLD / XAUUSD - Bullish

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Reading is must:

Interesting, there is a bearish divergence according to the daily chart . seems gold will go down? Answer is up to you but let me show you something.

Look at the letters of A, B, C & D with color boxes. if you closely see the candles in each box shows you a shooting star candle with a bearish candle which is direct you to a certain period or pips bearish movement. but each and every time its bounce back to bullish movement.

if you see the RSI and you can see that RED circles with black color arrows shows you the direction. look at the number 2 circle shows you a pattern it was came from black line and then towards to RSI 50 red line then again back to black line and bounced back. that same pattern is creating from the blue circle. it means it will come down for certain period or pips down and will bounce back and create a new bullish momentum. you can see the number 1 area in red circle which is created a new bullish momentum.

TP areas in Green

Note: Trade at your own risk and hope this will works. fingers crossed. Hope this will works better if oil will goes high

Open for discussion and suggestions are most welcome.

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Thanks for sharing, appreciate the work!
Here are my ideas for XAU:


Reply
Hi, i'm new to trading. Does this means the price of gold gonna rise ?

Buy at 1508.00 will it go up accordingly to your analysis
Reply
TuanMSallay GeorgePrethesh
@GeorgePrethesh, Welcome to the trading dude. according to the analysis but option shows with the black breaking line and green trend line so its range is 1473 range.
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GeorgePrethesh TuanMSallay
@TuanMSallay, by today or tomorrow it will hit 1473 according to your analysis ? Right ?
Reply
TuanMSallay GeorgePrethesh
@GeorgePrethesh, Yes but it depends on the market. normally Monday, market is bit slow.
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yadgayan TuanMSallay
@TuanMSallay, I think it will reach 1483 level by today. what do you think
Reply
TuanMSallay yadgayan
@yadgayan, Its depend on the market. Monday market is bit slow bro. Will see.
Reply
You are just love. 100% Agree with your analysis
Reply
TuanMSallay SarfrazAhmed
@SarfrazAhmed, Thanks dude.
Reply
That’s a good confirmation , nice analysis
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