Since the beginning of 2000s gold prices formed a typical bubble with four consecutive phases: a stealth phase in 2001-2005, an awareness phase in 2006-2007, a mania phase in 2008-2011 and the final blow-off phase developing since 2012. The blow-off phase is represented by three large patterns: a rectangle, a falling wedge and a H&S pattern. Now we expect price...
And we see a double top. Time for a position
Idea number 500. Best of luck Gold hold its Strong Resistance 1258 where monthly Resistance 1265 so advice Sell Gold in range of 1252-1260 sl above 1267 Tp1 1239 tp2 1218
GOLD is rejecting major resistance on 1250 and wanna go for short pullback to 1235 area. We can see multiple confirmations 1. EMA and MA cross 2. Trendline break + retest 3. Resistance breaking potential after next rejection to go higher Don't forget to trade with proper RM/MM and caution Good luck guys.
XAUUSD rallied up after FOMC news and i will be defo looking for bearish bias like this! XAUUSD will meet strong resistance, 61,8% fibo PRZ, demand zone (not drawn) and previous trendline retest. I only made an area, where I will looking or shorts (not demand zone) Wait for PRICE ACTION before sell! Don't forget to trade with proper RM/MM and caution. Good luck
Xauusd Sell setup from 1248-1250 level. H4 pullback and possible test of trend is in consideration.
Buy Gold @1198 SL 1192 TP1 1208 TP2 1217 Tp3 1228
Note: Gold, XAU/USD Gold follows what we predicted previously. Gold having price correction to 20-EMA now. Overall, we are still bearish on this pair! There are 4 trading plans for this trade: 1. Since the price pullback to 20-EMA, followed by a bearish signal, good chance to short with little risk. 2. Wait the price pullback slighlty further to support zone...
Note: Gold, XAU/USD Congratulation to those who short this trade as per our analysis last week. Overall, we are still bearish on this pair! There are 3 trading plans for this trade: 1. There is a weak pullback sit on 1134.x level, if bearish signal appeared, short it with right risk amount 2. If the pullback continue, wait it touch the 20-EMA and short it...
Gold continues moving downward. There is a significant support line near 1183 level. Only if it breaks the support line strongly, we will look for chance to short. Either short directly or short after weak pull back. Trade safely with proper risk management skill :)
Gold Trading around 1270 level Facing Strong Resistance on daily above 1274 where strong Resistance 1282 level. if hold below we can see 1240-1250 level So advice sell Gold in range of 1270-1280 SL above 1286 TP1 1252 TP2 1240
Gold Double Wave Cycle sell Idea. As we can find a bearish divergence on the daily chart as long as the red TL holds Gold is a sell aiming 100% FE of the first cycle. TP 1 1241.49 TP 2 1226.87 SL 2 pips + spread above last high.
The reason why we feel GOLD may Rise. * On weekly basis it has just started moving DOWN * To SINL and come near 1228 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09,...
DJIA is expected to sink now. There are many reason why we feel it may sink. 01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon. 02. Bearish Engulfing in daily Chart. 03. To sink and come near 1204 to 1197 levels 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06....