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P.S. I personally will open entry if the price will show it according to my...
This analysis for XAUUSD,GOLD on time frame 4 Hours. Gold update new entry point!
We can ENTRY BUY when the market open or wait new candlestick retracemment half body at 2024 or 2019 than we can entry "BUY".
GREEN - TAKE PROFIT
YELLOW - ENTRY
RED - STOP LOSS
If your entry already & running in profit to TP1 move your SL upper 5 Pips to entry point, if already...
Hello traders, Gold hit 2075 and I have 2 setups that I've combined into 1 idea.
Looking for a retracement and then a much big move down over the week.
Potential of over 1k pips if these setups play out the way I expect.
Long R/R - 5.78. Short R/R - 10.13.
Any questions comment below and follow for more trading ideas.
Everyone want to know what GOLD is doing?
As after the COVID-19 GOLD is starting its bullish moves after every correction. WELL, geopolitical tensions, stumbled economic recovery and fears about the second wave of COVID-19 are the factors behind the recent growth of fold prices. Most likely, they wo;; continue to dominate the market sentiments and support the...
Gold is consolidating quite long from 28.th of June 2013 till nowdays.
On Forex, on October route 6.7 T USD loss was achieved on global equities market.
I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter).
That's 2676B loss achievend in one month time.
The time has come when all stock indexes will...
I just don't get it, we currently have:
Gold at the all-time high
Buffet indicator is at the all-time high (because of a huge GDP drop in Q2 )
But we're only 3% below the all-time high on S&P and VIX is at the lowest levels since Feb.
Something is wrong here, I think we should definitely see another correction. V-shape recovery is too easy for these...
Plan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Elliot wave count on Gold on the 1 hour time-frame still tells us there is more room to the upside.
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Here is the 14 years of GOLD price history and action. Looking at it we can locate a lot of triangle shaped during its movement.
📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world.
Here is the chart of GOLD (XAUUSD) as pic:
Price consolidate in triangles over and...
If gold continues this predictable trend. The next buy area will be around 2053-54. We're not seeing many big dips so I wouldn't be expecting one. I'm setting a tight stop loss and if we do see a big dip, I'll have another chance at a better buy.
Hello everybody and welcome to my analysis 👋🏻
As you can see on the chart, Gold is now in a resistance zone.
The last weeks it grew continuously and now I think 🤔 the price will go down maybe to 1820 zone where we can buy again.
This is only my opinion.
Make your own analysis before investing and always use SL and tp.
Leave your comment below!
the market was in a range, then it strongly broke the resistance and came back to do a PULL BACK. The yellow line is a VERY IMPORTANT support / resistance for this market, after its breakout the market can easily reach 43.