Gold is trading in a upward parallel channel.
1780 holds an important zone for buy.
Two scenarios can come into play;
Trade plan 1:
Buy near 1780 - 1782
SL: 1775
TP: 1800
Trade plan 2:
If it breaks 1780 and close below
Sell near 1780 - 1777
SL: 1783
TP: 1750
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.
Hey Traders, Today we are monitoring XAUUSD for a selling opportunity around 1803 zone respecting the strong supply zone and the bearish trend.
Trade Safe and use proper risk management if you trade gold, and avoid it if you have a micro account.
Gold movements are big and fast so you're always in a higher risk to marginate your account without a good money...
Fundamental View:
The U.S. dollar is getting a boost from the rising yield on the 10-year Treasury bonds, which have reached their highest point since June. What supports safe-haven flows as well.
The ISM Services Purchasing Managers' Index surprised on Tuesday and showed that business activity in America remains strong at 61%.
Goldman Sachs analysts...
Hello Friends,
We all have seen what happens in NFP as it rejected the bulls by its fake design & comes back to where it was. This Fake Impulsive move of candle describe the weakness of bull traders so definitely most players are on Selling it. Above Resistance there are two parts for corrective & impulsive area but here we're going bearish only. So If we...
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We may notice a gradual rise in the coming days because it is on an upward trend
After the strong reversal on Friday, last week, marked by a small double bottom in 1720 zone, Gold has risen 400 pips and. now is trading in interim 17660-1765 resistance zone.
Bulls are in control now, and a break above can be only a matter of time.
The next important resistance zone is 1780-1785 zone and this can also be the target for long trades
1750 is now support
I am looking at a possible continuation pattern. Price will consolidate for a while until its ready to break out again. I would look for an entry around $1775. So far I am bullish on Gold.
*SWING PLAY*
Gold is showing bullish momentum with previous movement. It is expected that it will move up to the major resistance for a bearish reaction. If break, then it is showing a long term bullish movement.
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.
Gold was strong bullish on 14th of Oct due to fcmo. It just crossed strong resistance and went upto 1800 and now it has came back to 1757 support.
1 Day timeframe it has formed a parallel channel and now according to that it should move above to 1809-15 and then push back down to 1757 and below.
50 MA is going to cross 200MA, it is also a sign of a bullish...
GOLD Long Setup
🔵 Entry Level: $1780.11
🟢 Take Profit: $1830.74 (RR 3.4)
⛔ Stop Loss: $1765.20
Reasons:
- Expecting the price to turn previous resistance into support before continuing up
