OANDA:XAUUSD My trading idea For Gold XAUUSD Bias Down Trend on Time Frame Daily and H4
Gold is looking to fell again below 1700 ahead of NFP data event. Trade with caesious now.
Gold is facing a good down trend this week now the 1590 mark is very much possible till friday.
Gold is likely to follow the downtrend on a longer term chart while its slightly on buy side for today with a trading range of 1600-1660.
after touching the resistance of 1677. xauusd again start falling, to its support of 1630
Hi Everyone, Gold fail to break the resistance yesteday and gold also break the support range. High Probability (75-80%) gold will aim for the Lower price and seems it will make a new Lower Range later around (1640 - 1730) or maybe if FED hike more than 75bps on 20-21 Sept 2022, it will make a lower range from 1600- 1680 to trade next month. i try to always we...
Gold broke short-term key points and showed growth, gold is may continue to the level of the previous support line. It is better not to enter into a short trade. The resistance zone and the moving average are not working well, which means that there are no sellers in the market.
Gold reversal is possible at 1722 to test the 1750 level again before the sell continues to 1680 level.exciting weeks unpleasant week ahead for traders whom style for trading gold will not favour the current market structure
Hello guys We will have a very strong resistance around 1917 I think the price breaks from there towards 1780 Thanks
Nice looking sell position on gold. wish you all good luck. Trade safe.
It is Pitchfork indicator at 4H timeframe. Using the indicator to identify positions entry (SHORT/LONG) is paying off. Mainly in an uptrend direction. "not a financial advisor"
I see a cup and handle formation on the monthly chart. Gold may want to try these formation targets. And a point to note; Pices move away from the exponential moving average(50) and in my desicion this a little bit negative. It can be weak if it can come cup and handle formation targets. *Not an investment advice
Either gold will reverse right now and breakout or take support from the green trend line and then go to the red line and breakout. Reason: reason for gold to be bullish is the FED interest rate hike on March,22 which will create panic in the stock market and make commodities ( silver , gold ) bullish
Once Gold has retested the 50 EMA Break Out which it might be doing since last sessions. Once the resistance zone of 1829 to 1833 is crossed Gold will march towards 1849 and 1868.96. Long term target for Gold is USD 1907.87. Supports on the lower side are 1814, 1777, 1753 and finally USD 1679.98
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of XAUUSD, I think we are going to see a downward movement. There was a supply near 1788 range; even though that area tested too many times, there is a good chance the price would fall from that area. Anyways, we could place a short near...
Overbought - STOCHRSI(14) = 80.516 Overbought - Williams %R = -11.747 Less Volatility - ATR(14) = 4.4036 Buy - RSI(14) = 61.981 Buy - STOCH(9,6) = 69.319 Buy - MACD(12,26) = 2.380 Buy - ADX(14) = 30.455 ...
Double bottom price action on the GDXJ Price of the double bottom also hitting S/R zone of the previous 4 year base break-out. Does this indicate a reversal in the last 12 month pull-back and the start of a new break-out?