Last week saw a lot of emotional buying of the market. While some short positions were not viable later in the week, there has now been a clear rejection from: 1) The higher zone mentioned prior: 2) The previous long term weekly H&S pattern mentioned back in August: In terms of current price action, it seems that an inverse H&S pattern is forming on the...
Gold prices fell sharply on Friday and were headed for their worst week in eight as hawkish remarks by U.S. Federal Reserve officials through the week bolstered bets for at least one more interest rate hike and buoyed the dollar.
trade outline but missed for a short in gold which outline but im long term bullish on gold
i think the Gold go to this area 📉 ( frame 15 min ) Gold ==> 1716 - 1707 $
Gold last week made a very dramatic rejection at the bottom after reaching out wickfill target. However the weekly candle still closed bearish and price has yet again entered our wickfill territory.as long as price stays below 1806.55, price should reach out target at 1891.63
Gold under pressure .. 0.75 bp or 0.5 bp? mostly vote 0.75bp for interest rate (FOMC) btw please trade at your own risk.. good luck :)
Gold short Elliotwaveanalysics Elliotwave Supplyanddemand
Gold will retrace to pink area as demand is waiting there. Tested twice on previous structure estimate around 600 pips
15 MINS TF. WHEN BREAKOUT EITHER SIDE, CONTINUE TO TREND UNTIL NEXT SUPPORT/RESISTANCE/TREND LINE. 15mins tf when breakout either side, continue to trend until next support/resistance/trend line.
A continuation of the surge of the price for gold might eventually reach and once again test the resistance of the 1,800.00 mark. The 1,800.00 mark acted as a resistance level on October 14. However, a decline might look for support in the 1,760.25/1,763.40 zone, which acted as support on Monday. Below this zone, the October low levels below 1,750.00 could act as...
NEED FEEDBACK ON MY IDEA ON XAUUSD..... FEEL FREE TO COMMENT THANKS
Gold is at a key daily SZ that may likely push it downward to at least the first DZ on H1.
I hope that XAUUSD will again do short and test 1785 if it breaks the 200 SMA. Fingers crossed for gold to come back from 1785 and go higher till 1843. If you agree give it a big thumbs up and leave a cool comment.
Gold reach on a double top area with corrective structure, and also Higher Time Frame its on downtrend and its making HL, I am anticipating to take sell after it broke the corrective channel and make my target to the beginning of the big impulsive move before this correction.
Divergence detected, and price is trading within 1768-1773. Some risk-on sentiments in the JPY crosses, Fed chairman Powell passes some RIsk-on sentiments, see www.cnbc.com Will do a limit sell order within 1768-1773 and R1 Pivot as the SL.
Looking at gold, I do believe we need to touch on that 1455 spot before we can take off. I currently have no positions, and am just watching to see what happens. With a short rally on major markets monday morning, I think we could get a swift drop on gold before larger rally up. But everything is just so volatile at the moment, it's hard to tell. I have no clear...