If it can stay below the upper triangle line, I reckon XAU will keep falling to the potential target one and two in the next few days. This analysis based on the technical analysis only, and this analysis fails if it can break out and close above the upper triangle line.
So I trigger in long on market open I manage to get 3/4 my position around 1807. Already in nice profit. I have revise my target as the 1.618% fib @ 1858 area. Makes sense to me looking at the bounce from the below 141.4% fib. Stops at 1805 just incase market changes its mind!!
SELL XAU/USD Entry 1 1796 Entry 2 1800 SL 1803.99 Tp.1 1792 Tp.2 1788 Tp.3 1781 Tp.4 1774 Buy stop!! XAU/USD Entry 1 1802.50 SL 1796 Tp.1 18010.50 Tp.2 1830.50 Tp.3 1880.50 Pending
PS: This analysis fails if it can break out and close above 1800 1795.90 was the 2012's pivot, one of the most vigorous resistance in history. This zone could be a great sell zone with a tight SL.
Gold Hit All Targets +450 Pips And New Setup Is Available
New Update On Gold +300 Pips New Entry Is Available
new setup on gold is available in this video around 1729.50 "a previous high level on daily time frame" wit a stop loss around 70 pips
No Clue. Simple As That. We Just Have To Watch This One. Breaks 1700 = 1720/1740 Possibility Resists 1700 = 1640/1620 Possibility It's all up in the air at the moment.
Here's my analysis on GOLD - ABCD pattern - Waiting for BUY signal in Demand Zone
Looking to take this to the D extension around 1682.00.
Price is currently in an uptrend and broke out from a bullish flag. Could go long after a little retracement/retest
🏆 Gold has been in a strong uptrend for a while, and COVID only helped to ensure it. However, with the equities markets recovering, gold has started to correct from its previous highs. Despite the correction, we still see an uptrend and plenty of support for now. Let's take a look at some levels. First off, we can see a channel that gold may be respecting based...
GOLD WILL CONTINUE PUSHING UP TO 1786 AND THEN WILL SEE A DROP TO 1550-1590 AND WE SEE A MASSIVE PUSH TO THE UPSIDE.IF YOU WANT TO TAKE A LONG TERM LONG BUY POSITION YOU HAVE TIO WAIT UNTIL GOLD REACHES THE POINT 1 IN MY ELLIOTWAVE ANALYSIS. HOPE I HELPED YOU DEVELOP YOUR LONG TERM VISION ON GOLD . SEE YOU SOON GUYS
TIME TO SHORT GOLD . OVER THE LONG TERM I BELIEVE THAT GOLD IS A BUY . BUT NOW IT'S TIME TO SHORT IT.
SELL @1695.65 STOP @1710.40 TAKE PROFIT @1658.92 TRAIL @1703.03
- Below strong Daily resistance wait for confirmation => SELL
Do you remember my level 1741? I have projected a projection on chart the chart of gold. 1741 ??? remember...!