XAUUSD SELL PERFECT ANALYSIS HEREMost difficult task was to put wave 3 correctly. Finally i figured out it correctly. This could have gone complete wrong if I have putted wave 3 at the place of wave 5. We have caught this trade at most perfect time. This is gonna fall like hell. We will see all the D1 candles all red until it breaks below wave (a) or all red candles to atleast 1500. Gold has completed 12345 & (a)(b)wave. Remaining part is explained at the left side of the chart. Thanks to Sir Elliot we are predicting this chart. You can search for expanded ABC pattern to get confirmation.
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Goldsellsignal
GOLD: Swingtrade-Opportunity#SELL S/H/SHey tradomaniacs,
welcome to another free signal of WEEK 38 Nr. 11
How to trade: We need to wait for the market to trigger the S/H/S-Pattern.
Wait for the break below the neckline and sell the rejection.
Type: Swingtrade
Sell here: 1487,68
Stop-Loss: 1514
Target 1: 1445,73
Target 2: 1419,66
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Peace and good trades
Irasor
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Gold Technical Analysis: Touch 1264/1260 Level GOLD Breakout 1270 level now touch 4 month low support zone. gold breakout daily 200 ma 1274 level and GOLD touch another support zone weekly 200 ma and 100 ma 1265 level break this then touch 1260 level .
*** So GOLD buy position is 1258/1250 Area this the best opportunity for buy GOLD target 1274 / 1284 level .
News:
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1. Wednesday’s not so dovish FOMC statement continues to weigh on the commodity.
2. US-China trade optimism dents safe-haven demand and adds to the bearish pressure.
3. A subdued USD price action does little to lend any support or stall the ongoing slide.
4. Falls to over 1-week lows, further slide to $1260 area now looks a distinct possibility
5. Meanwhile, the overnight slide confirmed a bearish break through an important $1278 horizontal support and hence, the ongoing downfall could further be attributed to some fresh technical selling.
Technical View:
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Pivot (invalidation): 1278.00
Our preference:
Short positions below 1265.00 with targets at 1260.00 & 1250.00 in extension.
Alternative scenario:
Above 1278.00 look for further upside with 1280.00 & 1284.00 as targets
Daily SMA100 1293.27
Daily SMA200 1252.88
Previous Weekly High 1288.75
Previous Weekly Low 1265.6
Previous Monthly High 1310.7
Previous Monthly Low 1265.6
Daily Fibonacci 38.2% 1278.73
Daily Fibonacci 61.8% 1281.96
Daily Pivot Point S1 1270.6
Daily Pivot Point S2 1265.21
Daily Pivot Point S3 1256.91