GOLD on the daily chart got rejected by the confluence point at the daily resistance.
The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure.
According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules.
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Keep in...
Yesterday I missed to update. But it really took a good move as based on all previous analysis. It breached down to channel support 1736 yesterday, and now psychologically next level is 1717. Before that I am sure it will test 1767 resistance. If it moves ahead to 1882 - 1885 then it is a trend changing zone and price may go up further.
Now our next target is...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Here is what the Bollinger Band Buy/Sell oracle shows, and BTC looks appealing at these prices the broader markets settle back down. Everyone is expecting Wall Street to founder 20%, but if not these prices are fairly attractive. Digital currency regulation is inevitable, don't let that scare you. It's overblown
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 Guys,
I have identified the Triple Top pattern in Gold , if we see structure break the Swing Low there will be a good opportunity to Enter trade.
FOR YOU INFORMATION ::
Technically, a triple top pattern shows us that the price is unable to penetrate the area of the peaks. Translated into real-life events, it means that, after multiple attempts, the...
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Weekly outlook of Gold Spot -
WHAT'S NEXT:
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Key levels: 1793.6 and 1783.6
According to my previous newsletter, my gold key levels will remain the same. It's not sellable until breakout the 1766 (strong support).
In XAUUSD, buying pressures are increasing. We may see 1812 - 1824 - 1836+ ...
Gold analysis,
Flag and pole pattern
If breakout it can reach 1830
If pattern failed it can take support on 1755-1750
Can trade on breakout & retest
With stop entry
Will update on next move
OANDA:XAUUSD
1. There was clean clean candles to the left
2. was waiting for a candle close above the resistance in 30m TF as its a strong confirmation
3. took a buy when the new 30m candle broke the high of the previous 30m candle.
4. but price moved down and closed 50% when the 5m candle closed bearish and full position as price continues retacing.
5....
Gold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ' tested many times ' level. XAUUSD has recovered 50% almost in the previous week.
The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 - 1826 levels. And these levels can push the gold price up to 1900 .
But if gold breaks...
According To My Analysis Gold is Moving in Falling Wedge Chart Pattern on Daily Time Frame..... I am Expecting That Gold Continue Moving in This Wedge Chart Pattern For Couple of Days And Then Eventually Shots Up
Friday saw a huge Gold sell off but it has rallied this some what this morning.
Long trade has presented a couple of hours ago and is progressing.
I automate this strategy and trade was automatically taken at the signal alert.
Entry details are shown on the chart.
We are working the 15M time frame on this strategy.
We're only looking for the green line...
It seems Side ways started from 1,765 to 1,795. Traders can use these levels for fair profit. Below 1,745 more crash expected.Strong resistance in 1,813
And this applies to both to bulls and bears! Gold has the ugly habit that the priceaction dies down and the result is a tough sideways movement.
The breakout above $1834 has not been achieved yet. This remains the bullish goal for the upcoming days. If Gold is able to breakt above $1834 we expect further bullish action.
Happy Trading!
