XAUUSD Gold I SHS and Bullish Flag Potential Long Opportunity
On the H4 chart timeframe, we can see that Inv. Head and Shoulders pattern and Bullish Flag formation.
Both neckline and baseline of the patterns are located at the same level.
As we have published in our previous XAUUSD trade idea which we have entered already, we look for a buying opportunity as ...
Gold will make an important decision in the coming days. Will the $ 1325 - $ 1,340 resistance range be outperformed, or will the gold metal fall below the $ 1,260 level and triggering the bearish trend channel?
I am looking forward to the decision and will then position myself accordingly.
Greetings from Hanover
Stefan Bode
P.S. If you like this analysis, then ...
Gold has been forming a ascending triangle since beginning of 2016.
It is currently sitting on support of that triangle.
Note that this is a aggressive entry as it is possible support will not hold.
A safer entry would be when it breaks out upwards from the triangle.
I will be opening a long trade here with multiple take profits along the way.
Last take profit at ...
Uses:
Linear Regression Divergence
Ichimoku Cloud
Zero Lag MACD
Zero Lag EMA , John E.
Hilbert Sine wave support and resistance
Features:
Date Selector
No Repaint
Alarms
Trading Version
"Thoth the Egyptian scientist, mathematician and engineer. In art, he was often depicted as a man with the head of an ibis bird"
Made in Qmt with 999ug.
With the renewed interest of USD rising, we can have some bear pressure on this pair.
It is go LOWER for now to retest decent strong support levels such as 1329 and 1314 region.
DO NOT go in long without proper consideration at this moment.
Yet it is still a UP trend in the medium term(1-3 months) and the Long term (6mths or more) horizon.
DYODD and Trade ...
Gold has been sustaining between 1360 and 1335 since last 6-7 trading sessions. Profit booking has been done for short term in gold and it may again rally this week for the TGT of 1365-1370. I will accumalate gold near 1330-1335 levels for the TGT of 1355-1365-1370 with The stoploss of 1319.
Double Bottoms
A double bottom forms when the price makes a low within a downtrend, and then pulls back to the upside. On the next decline the price stalls near the prior low, then rallies above the pullback high. It's called a double bottom because the price stalled in the same area twice, unable to drop below that support area.
The pattern is complete, and ...
If you are looking for something different and potentially an easy and quick winner Gold is back on the Bull run.
After a solid run up it has retraced and bounced off 1306.65 (The Black Line) and the 50 EMA (The Red line). This is a classic bounce area. Gold can be brought now around 1330, with a Stop loss under the last bar around 1320, and a target of 1355.
...
COMEX Gold futures ended last week on a high note, touching a new all time high for the year at US$1,340.00 before closing at US$1,334.90.
The buying climax was obvious and bulls were determined to press forward the resistance at US1,340.00 but were unable to keep it above that level due to tepid last hour volume.
For more ...
On Monday, the price of gold showed significant growth, tested the resistance level of 1282.70 - 1284.60, after which it rebounded down. It is worth noting that the pair is still trading in the global consolidation (the lower limit - support 1264.40 - 1266.00), in which fairly large volume is concentrated. Given all of the above factors, the best decision will be ...
Gold grew up strongly yesterday, but resumed its fall today during the Asian session. We should note that the upward move was on large volume, so we can consider opening short positions only after the price to breakdown the yesterday's minimum. The breakdown movement should be abrupt and supported by large volume. A stop loss should be placed above the breakdown ...
After the creation of the volume level 1283.70 - 1286.30, the price continued falling and is trading below this mark at the moment. Given this fact we can consider this level as the resistance from which we can deliberate short positions. We can open sales after a smooth upward correction in order to get a better entry point. The move should be on small volume; ...
Gold continued growing on Friday, moreover, the upward move was really sharp and supported by large volume, so these facts are strong bullish signs. That’s we should consider opening exceptionally long positions for gold. Also we need to highlight the new support 1298.90 - 1302.10, where large volume is concentrated. We should enter the market after a resumption ...
Gold did indeed continued its correction and reached a low at 1,260 USD on Friday the 6th of October. I hope you followed my advise and went long below 1,265 USD, cause since then a strong recovery is on its way and gold is already back above 1,300 USD.
Yet the big questions whether this current up-move is just a wave B type recovery or in deed the beginning of ...
If you see the chart in daily you'll see the pattern of downtrend if you see the history of Gold chart there is trends like up, down, up,down, up & now down.
There are 2 supports there if it breaks we can achieve our target & if wedge pattern is break before it then change of game plan.
Targert - 1215.
Strong resistance level become strong support level ,
if price hold this support level
daily close above 1292 ,, then this perfect level to buy for long
Buy at 1292 level and stop loss below 1275 and tp1 is 1325 and tp 2 is 1355 level .
Good luck and Trade with care
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