Based on my observations, the current resistance used to be a strong support on the daily timeframe. A solid breakout indicates that the price is now moving towards a new level. I'm targeting this 2332 resistance as the golden zone for us to swing short towards the support at 2299.
Show your support with likes and comments.
Best regards, Zack
XAUUSD SELL
TP in the chart
SL in the chart
Good luck guys
Note: To reduce the risk on your balance
you have to use only 2% of your balance.
-
-
-
-
-
-❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️.
The GOLD bearish trend is strong.
The price has a possibility of reaching 2066.066.
The Bearish market is trying very hard to sell the GOLD but
the Bulls have been strong.
There is more to look out for in terms of GOLD.
What will 2024 look like for XAUUSD?
I had an analysis completed back on
06 August 2021
Idea shared but taken off for the rules - error on my part.
Anyway - Self explanatory.
The long-term view for XAUUSD toward 2104.0
Breakdown of Gold thoroughly explained before hand.
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and...
I am currently holding three positions on Gold (1 initial entry and two positions when price created a swing that meets my entry criteria). I am hoping to scale in and also make another final entry when price closes above the current zone. A break of the triangle pattern with a momentum candle could give be a confluence that price is continuing up and willing to...
Predict of heavy fall.
Descending triangle pattern forming at Timeframe Daily and Weekly. Find a setup for sell . Long term sell .
Goodluck!
Jaga money management yer.
gold is in a weekly down trend my thought is that it came back up to retouch a previous key area and is now clear to look for bearish momentum to the downside and possibly to the previous low, looking to swing a trade past the previous supports.
GLD fundamentals and technicals both supporting a breakout of a 9 year rounded base. Currently flagging with support at 180. Breakout of wedge is 187.50 trigger long, targets 190/195/200.
