watch 4hr and day charts for moves to 1730-1767
Currently longing short through the US session. Reflecting back on preview trend following the support and resistance which is very well supported when trading gold. Went long on XAUUSD on wednesday around the 1700 area catching 100 pips each time after consolidating within each zone highlighted on the chart. Can see gold finishing shy of 1740 for the end of May!
as mentioned on chart, ignore current upseide move there will be a rejection form MM. any second upside move can be taken as confirm long trade setup !!!
if the trend break up the VWAP : hight probability trend go up
Congratulations, we obtained more than 365 pips from this analysis this analysis The last expected goal was achieved by us
Spot gold is trading inside the rectangular range 1670-1730 since 5 weeks as the risk appetite escalates and investors were forced to lessen their long positions . Technically, 1670 area is the short term range bottom/the final fib support ,in my opinion a downside break out of the range and to test the 50 day exponential moving average around 1650 is likely....
This technical analysis for this pair Please be careful because the economic calendar for this week is full of important news for the majority of currencies Please consider the level of risk in any trade . Conditions for entering into trading on this pair . Close the whole body of a candle above the orange area. Entry is a buy for green bullish targets...
A bullish flag pattern seems to be forming in the D1 Timeframe, currently possibly on its THIRD rebound of the bottom of the wedge. Short Term Opportunities to watch for: - A STRONG REJECTION AND REBOUND FROM SUPPORT @ 1680 --> possible LONG opportunity to the top of the wedge @ 1710 - A BREAKDOWN below support 1680 --> SHORT opportunity to the nearest support...
So far gold has been continuously retesting the descending wedge top resistance line, more than 3 times, proving to be a major resistance level. The descending wedge looks to be a bullish flag in the 1D timeframe. Technical Analysis for short term: - Breakout above 1710 --> Take profit 1 @ 1720 the first resistance + TP 2 @ 1730 the historical major...
Feel free to check my XAU/USD history analysis by clicking the small arrow in the chart PS: This trade fails if it can break out and close below 1677 Catalyst: Price action, US GDP -4.8%, Jobless claims 3839K, ISM and PMI
XAUUSD in the trading range, need to close and stay above 1730 area to have a bullish notation, else if the latest spring fails , need to seek lower low for demand.
Hello Traders, here is the full analysis for this pair, short term After the price has closed below the rising trend line on the 4-hour, we can enter selling at the trend line let me know in the comment section below if you have any questions,
Gold target price of $1566 I posted earlier on the weekend and today has been reached. I will now be looking for LONG TERM short positions around this zone.
Price seems to reject my 50% fib level and I think its a good shorting opportunity going long term. Also, price seems to have broken out of the previous bullish wave and has since retested the previous support- now new resistance. MY ENTRY PRICE IS AT $1572 INVALIDATION LEVEL OF $1600 LONG TERM TARGET AT $1182 i.e. for those who asked if I could post my idea when...
Check out our chart on gold mining stocks. If you look back, you will see how gold mining stocks always boom during election years as political and economic uncertainty take hold. Expect anywhere from 200% or more in the price of NGD . The price has been in a descending channel , but it looks like it has recently broke and flattened which could only mean it is...
Gold price rose in the end of 2019 by two reasons; geopolitical tension and fundamental impacts. Now we can sell gold at certain entry and we should wait the good news of wuhan virus vaccine. I assume that gold can fall back to 1350 region due to my techinical analysis and fundamental insight. ......
On the H4 time frame, price has printed a double top pattern which indicates a bearish reversal. We are waiting for price to break out ascending trend line and retest our zone marked on the charts for sell entries. Price may head towards 1550.