Time Frame: 4H
Gold has the potential to move up but the price is trapped in an upward channel and we believe there will be some downward retesting of price level and therefore our bias is down for the next few days.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In spite of a bad NFP, Gold couldn t manage to keep gains and reversed from 1780 resistance on Friday.
This, in my opinion, is a bad sign and we can expect further losses for the yellow metal
Rallies towards should be sold and 1720 can be swing trader's target
Interim support is 1740
Sell at 1762 with a tight SL as shown on the graph and wait for price to fall back to the two key levels as shown. Since gold is still bearish especially after NFP, institutions have sold and are targeting the 1680 sellside liquidity. At this point I don't expect a move much below 1740 today since we don't have enough liquidity to go that low. In the case this...
The metal is inside a falling channel, we had two rejections already on the top of the trendline, the 13th Oct upside impulse is already invalidated and rejected resulting in a downside impulse. The oulook looks defintely down, but how to enter? Where to put stops? A 300 pip stop above the trendline may not be so attractive to most traders. We can predict two...
A Trading Signal is seen in the XAUUSD Gold
Traders can open their Sell Trades NOW
Rank : ⭐️⭐️
⬇️Sell on FLAG breakout or Sell on 1761.25
⭕️SL: Close above 1768.45
🔵TP1 @ 1734.40
🔵TP2 @ 1705.85
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How to trade XAU/USD this week?
The GOLD reached $1800 continuing its downward movement till $1761, and its expected to reach $1750. After that it will start by a correction upward movement and it will reach $1775
So The Best Selling Price Is $1775 & And The Best Buying Price Is $1750 For This Week
Hi everyone! As I noticed earlier, gold moves in a big triangle and now the price approached again its upper bound which beat off already two times. I everything also consider that shortly the price will mention the previous minimum about 1680 (that is the lower line of a triangle). Though in the long-term period I am more optimistic in relation to gold. Of...
Ending this week off on a big red after Thursdays crash, gold finding support around 1745.
With Friday showing more buying pressure than selling pressure we would expect price to retrace slightly to around 1773 - 1780 before FOMC.
This would give us a good area to short for the possibility of tapering starting on the 22nd of September.
I have Gold as bearish overall on the HTF, Gold has Imbalance to fill before it rises, you can see my buy alert in the supply zone below!
I was waiting for NY open to give a trap move and fill the LTF imbalance before continuing down towards my long targets!
Whats your thoughts?
Hello everyone! Earlier, I have repeatedly pointed to the 1680 target for gold. And after breaking the support at 1780 (marked on the chart), it became more than real. The price will gravitate towards the strong support at 1680 and then a deeper decline is possible (but not necessary).
Information provided is only educational and should not be used to take...
GOLD is struggling hard to break the support 1752. Based on my previous analysis it was going well on Friday 8th oct it showed rejection form 1780-85.
Now there are 2 possibility for you all to open sell order. When price strike to above resistance 1780-85 OR goes below 1750.
Still main trend is down so we are not going to place any buy order. Our target is...