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.
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 (XAUUSD) dropped below its 4H MA50 (blue trend-line) after failing to close a candle above the 4H MA200 (orange trend-line) and remains within a Triangle pattern (dashed lines) since the September 28 Low.
The 1D RSI remains on Higher Lows since that day so it gives some edge to the upside, which can come if the current short-term pattern gets confirmed as an...
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How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
Price facing support at 1639.47 & has a possible resistance at 1659.13. now we can look for long trades if the resistance is broken & we can look for short trades if the support is broken.
Hey Everyone,
We have now updated the weighted Goldturn levels and targets, which we can use to track and trade the movement level to level.
For our new followers these Goldturn levels are tuned to work like support and resistance levels calibrated for the gold market.
Price tested the 1638 Goldturn, which was our previous swing range where market found...
Hey Everyone,
We have now updated the weighted Goldturn levels and targets for our 4 CHART setup, which we can use to track and trade the movement.
The 4H chart is looking bearish with EMA5 challenging MA50. A cross below MA50 will see the swing range open with 1632 being the first retracement point. Price is sitting right in-between the range and can swing...
Hey Everyone,
Please see our daily chart update and our updated Goldturn descending channel. Price has been respecting this channel for a while and now we are seeing price test a strong level of support. 1641 Is a significant challenge on the daily chart.
Daily chart EMA5 cross and lock below this level will open the 1602 AXIS and continue in line with the...
Hey Everyone,
Weekly chart is also testing a strong level of support. Price has tested 1622 level twice but failed to close below this level. This may provide the rejection needed for a resistance challenge to 1710 our mid-term target.
Although the EMA5 cross below MA200 is gearing for a bearish move, this could be a bear trap and therefore any shorts must be...
Hey Everyone,
We shared this chart idea last week and as you can all see this is playing out perfectly.
As advised last week, we review all timeframes but don't usually chart on the 2H chart unless it cleans up some of the noise from the 1H chart and helps break down the 4H chart.
LAST WEEKS COMMENT:
If we track this based on previous challenges in this...
Hey traders,
Gold dropped to a year's low last week.
Monitoring the reaction of the price to that, we spotted a confirmed breakout
of a falling wedge pattern on 4h.
Buying the retest of the underlined demand zone, a great winner was caught.
This trade is a perfect example of pattern & structure trading.
Did you catch this move?
❤️If you have any...
Hey Everyone,
Another fantastic day to close of a fantastic week of trading.
Today, as planned we waited patiently for the price to finish the expected retracement. We waited for the push into the swing range and took a clean 30pip buy and out with a perfect exit at 1653 on the nose using our VIP intraday Levels. However, as you can see the swing range was also...
Gold was rejected at $1650 and currently trading below it. XAUUSD is under pressure and weekly low $1638 might be tested. We short Gold as long as it stays below $1660. Use money management and risk 1% of your equity when trading.
On our yesterdays daily analysis on gold, we anticipated if price closes below the support zone at 1657.93, then it would continue pushing down to the next HTF support at 1639.58 by breaking out of the uptrend channel that it was moving in. And today the price did the exact same thing which right now we expect the price to continue pushing further down to the HTF...
GOLD is pulling back to the support level .
The market is decelerating while approaching the support level .
Price action is likely to test the recent resistance level .
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Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD BUY @ 1649
SL 1642
TP 1655
TP 1660
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
