After rejecting on resistance, the long drop broke through minor support which it has retested and moving down. I am looking at a possible 200 pips move down
Gold (Spot) - Intraday - We look to Sell at 1516 (stop at 1526)
Previous resistance located at 1535. Selling pressure from 1535 resulted in all the initial daily gains being overturned. A bearish Head and Shoulders is forming. A break of support at 1483 should lead to a more aggressive move lower towards 1409. The overnight dip has been bought into and there is...
Lower time frame look into gold. I expect us to break the H1 zone around that 1520 barrier. once through ideally i'd be wanting a clean push down to around 1508. that mark is based off H4 charts. Overall from a daily perspective we have broken market structure creating a lower low, I now hope to be creating a a lower high off the zone we have plotted from the left...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1528.00
• Take Profit Level: 1555.00 (2700 pips)
If the...
This is my overall projection for Gold going into next week if price does indeed stay below 1500, its up to you guys to go down a timeframe or two to find your preferred entry,SL & TP levels based on your strategy, USE PROPER RISK MANAGEMENT.
Following on from yesterdays FOMC news, Gold has shown it's trend direction. I can see a retest of 1500 level before falling to the 1460 target. 1505 Stop Loss to give trade room to breathe.
ENTRY: 1500
SL: 1505
TP: 1460
After the first 250 pips short on GOLD, let us catch the retracement.
It aligns well with the 0.5 fib ratio (quite common on xauusd), the break and retest of the trendline , 1h ema and the evening star candlestick formation
Here's my idea to go short on gold (GC1!). This is a daily chart.
First, I always need 4 independent reasons to take a trade. They are as follows ...
1. Location
- Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short.
2. Market Structure
- Is there a double top with...
Market Makers
as we see gold has risen since a bounce off support in Aug. We see peak A sell off
a bit to make peak B which was followed by two bear candles that seemed to hit our
support from peak A making a large green candle closing above peak A. Therefore
a natural reaction to Buy thinking its a strong side to the upside.
Bullish upside was rejected and fell...
Previous Update-We have taken all the profit($2000) out of the table from our silver position however keep in mind we are still heavily bearish for the precious metal sector, and we would open more short position in silver once market will present us another opportunity, Be prepared.
Latest Update-We have closed our existing position in gold with No profit and No...
Gold has broken the daily/4H mini trend to upside and has retested bottom trendline, so expecting bears to take over
TP @ 1385
Look for bullish entries @ 1370-1385
