Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Gold rise more today Well thats not good But iam going to sell the blue line again tomorrow Yes buying also to blue line Still bearish GOOD LUCK
Hi traders, XAUUSD watch price to hold the resistance area and look for a short position opportunity GOOD LUCK.
Now price of gold is in a triangle. I expect an exit from a triangle down with purpose 1560 where support is located. Therefore my September purposes remained invariable. Technical indicators also confirm need of continuation of falling of the price. Information provided is only educational and should not be used to take action in the market.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 the name of ALLAH the most merciful... Trade Discipline: Risk no more than 1.5% of your equity on a single trade. Close 80% of trade position and move SL to profit breakeven after capturing 50% profit, if you follow my signal setup... Success is achieved by following STRICT discipline!!!
Gold formed a double top pattern Which means clearly down side movement I believe back down is a good We have 2 -5 days of falling down Lets see how its play GOOD LUCK
🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: structural Down Monthly : structure extremely bear but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲 weekly : a big Imbalance after it prices are going down and down 🥺 so the bigger picture is not clear and in bear favor 1 Structure analysis time frame...
Gold XAU is about to take a bearish ride as the dollar will get more stronger due to Fed increasing of interest rate and this will have effect on gold bearish pattern. Plus it shows a bearish divergence in RSI also
Will gold has been trying hard to kill our account But how follows me know that if market in doubt we sell gradually and wait to take best position in market No gold is in absolute bearish down wave I think target in blue is reachable Further lower low is possible GOOD LUCK
gold is facing a good zone and that would be intresting to watch this week and as always risk management is the key.
In the name of ALLAH the most merciful... Trade Discipline: Risk no more than 1.5% of your equity on a single trade. Close 80% of trade position and move SL to profit breakeven after capturing 50% profit, if you follow my signal setup... Success is achieved by following STRICT discipline!!!
As global trend is bearish i think it will continue with selling
Gold is looking bearish today because of multiple bearish signals at the entry point. And it is forming a possible lower high on a 1hr time frame. Bearish Signals: 1. Lower High Lower Lows 2. Bearish Trendline 3. Resistance at 1650 & 1660 4. 0.786 Fib resistance 5. Divergence On multiple TFs
Update for Gold: as you remember, we spotted earlier that the market is trading within a major falling parallel channel on a weekly. Analyzing a daily time frame, I spotted an inverted cup & handle formation. 1614 - 1622 is its neckline. I believe that a trend-following movement will initiate soon. To confirm that, I am patiently waiting for a bearish...
sl @ 1614 Tp @ 1638 Sell position running almost 400pips (check related ideas section below) expecting a short-term retracement on DXY which would push this up slightly before further weakness.
GOLD is looking bearish because of multiple bearish signals & US dollar is also standing on support with bullish divergence on the 5, 15 & 30min time frames. Bearish Signals: 1. Lower High Lower Lows 2. Bearish Trendline 3. Resistance at 1661.5 4. 0.618 Fib resistance 5. Divergence 1hr TF
This is my view for gold! everything is clear on the chart, i'm waiting the news to reach my target. good luck