Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I have identified the Triple Top pattern in Gold , if we see structure break the Swing Low there will be a good opportunity to Enter trade.
FOR YOU INFORMATION ::
Technically, a triple top pattern shows us that the price is unable to penetrate the area of the peaks. Translated into real-life events, it means that, after multiple attempts, the...
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This is my simple idea for Gold ( XAUUSD ) 4H time frame
I hope it is useful :)
Note 1 : It may take one or 2 weeks
Note 2 : DON'T FORGOT, STOPLOSS IS YOUR FRIEND :)
Best regards :)
A potential trade is on the way, will gold repeat the past formation?
As you can see last time, the gold traded along the trend line, then it found some resistance at 1900, traded it but it did not have enough strength to close higher and it broke the trend line and went down.
Now we are moving along the trend line, the gold has found resistance at 1825 and it is...
Gold isn't quite as bullish as anticipated in terms of momentum, now it's turning bearish. The question is how low will it fall if it breaks below our medium-term trendline, only time will tell.
Happy Trading folks!
4hr - Bullish Hammer Candlestick indicating next candle to be bullish.
1hr - Bullish Hammer Candlestick is also seen, Also, Ascending Triangle also seen.
Price heading towards support/resistance 1849 - 1898
Buy Stop placed at 1838.
Stop Loss at 1825
Take Profit 1 at 1849 and Take Profit 2 at 1898.
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Gold has been respecting the downward channel since it's all time high... for a short term trade or to scale into Gold. With that said, I believe people will be buying more Bitcoin than Gold. Not Financial Advice... CHEERS!
Today we had a bullish close on Gold, however,... based on the weekly chart momentum is slightly bearish. We're anticipating a strong move in either direction. So here's how we anticipate whether to go long or short.
📈Long: Price moves down to 1776.xx (marked on the chart) in the first few hours of the trading session. (setting a low of the day)
Resistance @ 1805 level held pretty nicely, no candle close above it on the daily, even on the 4hr chart. This means if we don't see a retest of that resistance level, then this move lower would be an impulse move for a new low. However, if we get a move back up to 1805, then more than likely we would see Gold heading to the top of the bearish channel. 😎
It's a short trade on Gold once it breaks below our trendline. Although the weekly and daily chart is still bullish, a big move is bound to happen - either up or down! But I like it when it falls.
Happy Trading folks!
Risk-off sentiment making a comeback? StoneX cites 'early indications' of gold price turnaround
Risk-off sentiment might be making a comeback in the second quarter, with "early indications" of a price turnaround for gold, according to StoneX.
"After gold's performance in the first quarter of this year, when it posted its first quarterly decline since the...