Hello Traders, I will share with you today my vision about Gold. -MN chart, we can see that the price hit the resistance of 1557 and a bear candle. -W1 chart, sellers win the fight at the resistance with a shooting star. -D1 chart, we have an uptrend and a bearish divergence. -H4 chart a possible Head and shoulders pattern. Buy from support with...
FOREXCOM: XAUUSD I am looking to buy gold check how I came up with this from the video
Macro trend: - Yearly/Monthly: Bullish, just broken out of consolidation with higher lows - Weekly: Bullish, Just broken out of 6 week consolidation 2 ways to get in on a trend: - Wait for the retracement and buy the retest - Buy near the bottom of the consolidation Key levels outlined: 1) Last week Range High 2) H4 consolidation (Mark the top and bottom) 3)...
Thick pink line - High set in August of 2013 Weekly range - Refer to price oscillating within the range with no clear close above or below the range Last week range - Create another range using last week high and low Thick blue line - 3rd Quarter Open (July's Open) Liquidity pool - Refer to areas of interest, as i believe most people put their stops behind...
Quasimodo pattern www.icmarkets.com
GOLD - Position - Bearish - $1231
hey guys hope you doing well i am sharing my views with you for gold its just for educational purpose i am bullish
GOLD: Long to Complete Correction *UPDATE TO PREVIOUS POST
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!