I will open Sell at $1482 - $1484 because:
- the price broked down huge accumulation;
- 1484.20 is a Mirror Level;
- potential profit will be in 3...10 times bigger than risk.
You will get an accurate signal with entry point Stop loss and take profit if this post will get 100 like.
Before to trade my ideas make your own analyze.
Write your comments and...
The price drop was stopped be Key Level 1500.00.
That's why we can see a nice downward move after H1 candle will close below it.
Before to trade my ideas make your own analyze.
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Will GOLD hit 1600? YES...!
When it comes to candle stick pattern its ending with Bullish Engulfing Pattern which is caused to Bullish movement. It has very strong support at 1483.97 (Horizontal green line). 1533.67 resistance line has been crossed several times and there are more chances to cross it again and hit the resistance 2 (Horizontal maroon colour line)....
Gold is going to close GAP.
Best place to open Sell is under Resistance Zone.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyse.
Write your comments and questions here!
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Thanks for your support!
It was powerful move down from Key Level 58.79 at 31Jul.
This level was confirmed at 10 Sep.
It'sa huge possibility that the price will have some reaction here.
Before to trade my ideas make your own analyse.
Write your comments and questions here!
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Thanks for your support!
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...
The price is under Resistance Zone now.
It's huge possibility to continue move down.
BUT!!! If the news about attack in Saudi Arabia on oil Factory can influence on Gold and Oil.
So if you will see a GAP after the market will open - don't open any trades, it will be better for you.
Before to trade my ideas make your own analyse.
Write your comments and questions...
Brent Crude (1H) - potential bullish reversal
The oil price has been stabilising following 3 impulse moves to the downside. The correction might have come to an end ahead of a stronger 4H support near 58.30. The price is ranging around the moving averages, which means selling pressures have waned and the market might be getting ready for a U-turn. 61.30 will act...
All these predictions are made by Quantitative Analysis Algorithms following short term trends. These Quantitative Analysis Algorithms will calculate maximum correction relative to previous impulses.
Relative to previous bearish impulse we are now in a bullish correction. So algorithm expecting a short term bearish impulse.
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As you can see on Daily chart Golds daily candle closed under Support Zone and made a pullback to it.
Gold can continue down move from this Zone.
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Support and resistance have been identified
The pattern is broken and half the width is the first Target and then the entire Target is the final
Time range specified
Pink areas are important
The green areas are Target
As you see on different timeframe charts are similar triangles.
Only the last 12H chart shows to us an exit from the Triangle.
Basides that we have an accumulation below 57.00.
The best place for Buy entry is after pullback to 57.00.
Write your comments and questions here in comments!
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UKOIL is gaining his volumes in the Range Channel at the time.
The price bounced from this higher border several times.
If we will see that it will be crossed we can open Buy in Zone.
Potential profit will be in 3 times bigger than risk.
TVC:USOIL Sell limit order can be initiated around 57.70 with SL at 58.25 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
XAUUSD (Gold) - BUY Orders
Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00
Moderate Entry @ 1495.00 with SL @ 1475.00
Many pips ahead!
* If you like this idea, please support it with a LIKE so I can post more.
I've been able to ride the entire bullish rally.
Now I want to short XAUUSD. Let me tell you why!
A complete 5-wave sequence in an impulse has completed.
The Fractal which I posted before has completed as well.
At the breaking point, I noticed the change and was able to continue the bullish impulse.
(check my updates)
I've even been able to extend my bullish...
![USOIL: USOIL Short Setup [4H]](https://s3.tradingview.com/a/aUm5UnaF_mid.png "USOIL Short Setup [4H]")
