I am still bearish bias for XAUUSD. I am looking for bull traps at levels I have marked on the charts.
XAUUSD has been showing bearish signals since the head was printed. The daily showed bearish divergences. The neckline has now been broken of this H&S pattern. Should be getting a re-test of the neckline once more (the red zone) before moving down to a first target of 1436 and then 1405. Good luck friends. This looks like a good trade to be in.
Gold Created H&S pattern and Break Nick line. Now Complete Retrace. We looking for short from this zone. Target 1404.00
I'm long SPX500 here. Aiming for untapped highs at 2990 & 3025 pump it trump
While we had a dead cat bounce today providing some relief for the beaten down gold/silver stocks and miners there will likely be more downside coming before we enter the real bull run late October or by November and onwards. At this point, I accurately forecasted that we would bounce off 1460 and test 1484 as a dead cat bounce which we have done today. I believe...
Hello, Traders! Monfex is at your service and today we overview XAU/USD. What do you expect from Gold? The classic pattern Head & Shoulders here. And XAU for now in the resistance zone, it is a pullback testing. So the best time to open short is now. Active Trade Signal by XAU/USD - Sell now near $ 1484,6 - Take profit ~ $ 1448,6 - 1433,6 - 1403 - Stop...
Follow ArrowPips : ) We are expecting 450 pips short for GOLD. GOLD is following the H&S pattern.
More info on the chart
Gold and silver prices are sharply lower in midday U.S. trading Monday. Gold notched a seven-week low and silver prices hit a five-week low. A strong U.S. dollar index that hit a new high for the year on Monday is credited with putting much of the downside pressure on the precious metals today. Better risk appetite in the market place early this week is also...
My very first analysis on my page has been about gold, and that analysis still stands till this day, if you want you can check that one out. Gold has created a head and shoulders which means that the market will go down ( we're seeing that right now). Gold is in a downtrend aswell as we can see that its creating its high, low , lower-high and now finally its lower...
With the current recovery in the stock market, defensive assets are being sold. and who is the first of that slippers say so in our UKRAINE. In general, my expectation is the fall of gold and bitcoin.
will look to sell if we retest, and reject 1520 area
Looking at the Daily chart for gold, we can see that it has fallen out of the blue ascending channel which it has been riding in nicely since $1,250. It appears to be showing a head and shoulders pattern with the right shoulder collapsing out of the channel. I'm looking at $1,450 and $1,425 as rebuy levels, the latter being my head and shoulders target. Gold will...
With the correlation between Gold and the USDJPY, we have noticed that Gold is showing signs of dropping to points around the 1420's meaning the USDJPY might be on the rise for about 150pips+ as shown on the chart above and to the 110 point where there is an area of confluence and then from then we will find reversal patterns and short the pair to around the...
There is double top situation which is showing us a bearish movement and MACD shows that there is bearish movement as well. Previous daily candle also shows us that there is are big refuse from the buyers. so there are few confirmation that Gold is down. Note: Trade at your own risk and this analysis is not used any fundamental. Like and comment us for more.
Yesterday, the big D1 down bar of Gold appeared after H4/H1 (and lower timeframe) buyers were feeling super excited about the breakout of the Strong Resistance 1524. I believe that a lot of H1/H4 or even D1 traders bought after that false breakout and get stopped out. However, for me, a Day trader, I only see it as the top of a consolidation (even after it close...