Gold is sitting on 200EMA and 50EMA support. Looks like gold will reverse from this zone.
looking to entry 1285 for sell and bank some pips :)
Pair: XAUUSD Prediction: Short / Sell Target: 1270,00
GOLD H1 IDEA BEARISH LOOK AT CHART FOR DESCRIPTION TP 1262/1265 SL 1280
Here's my idea to short Gold. I'm expecting price to remain below today's high and move towards the X's marked on the chart.
Gold More down Side area 1295-1302 Zone area if close above 1306 then bulish trend again start but this time we expecting bearish from selling zone
I believe we will see Gold continue to push downside all the way down to 1240.00 to 1230.00 . We may see a pullback before another strong push downside, but we have also broke a very strong key level . If we seem to keep rejecting, we could very well see Gold just dive bomb downside. Look to sell the pullbacks , very simple & clean cut. Market structure has...
Open SELL order 1287.3 SL 1291.2 TP 1277 RRR - 1:2.62 Interesting sell situation. Lets catch profit :)
I believe there is still a bit more upside to go in gold before it falls from B to C and then we will see some buyers come in to take it to D and more selling will then take place. Disclaimer This chart is an opinion based chart only. Please trade at your own risk.
Below is the 3200 SMA it will touch there. This is my prediction. Trade on your own risk.
Change in direction to correct the market and search for support levels for a longer term buying opportunity!
I see sell pattern on Gold. So i opened sell order on 1313.66 SL near 1321.50 because gold can make last higher correction. TP1 - 1308.50 RRR - 0.7 TP2 - 1305.60 RRR - 1 TP3 - 1297.50 RRR - 2.1 TP4 - 1277.00 RRR - 4.76 I do not hope that Gold will quickly reach TP4. But it really can and we need to know potential. And if gold and USDJPY has negative...
Chance for some sellers to get into the market? Rejection from key supply zone, once support turned resistance ....
IMPORTANT use position size calculator, do not risk more than 1% move SL slightly above 2-day high as soon as new D1 candle closes
Gold has a xyab pattern and bearish breakout from support. Profit Targets: 1284.80 1281.70 1276.40 Stop loss: 1295,5 Have a nice day, Berk
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Respected followers, as we can see that on last Friday Gold has rejected long term trend line, which indicate for bearish signal. Further more at the time of closing on friday, US Dollar was strong which indicate further high in value.