Hello Friends!
I feel Gold didn't break the buy sentiments but actually it is coming down to retest the previously broken structure. It will be the best time catch a buy trade again.
Buy Between:
============
$1774 and $1778
Take Profit Between:
============
$1804 and $1808
Stop Loss:
=============
At your discretion
Good Luck!
Happy trading
#GOLD
In Weekly Chart Frame The Clearly Out Look Is Given A Nice Correction Phases In Triangle On Support Area
We Are Looking Nicely Bullish Impulse Moves According To Our Analysis
GOLD TO 1970.. lets see how the market will open Monday it could go down from this price little. SL should be 1945
If u like Idea give it a like and follow :) :D
Hi Traders, here is the full Update Analysis / Breakdown for XAUUSD .
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation )
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
4.Follow for more Analysis like this!
5.Always Be reactive & Not Predictive !
A like and a comment will create...
Here is the breakdown of the fifth wave from the lower timeframe. Wave iv should find support around 50% Fib that lined up with a weekly demand zone.
This analysis gives us Elliot wave short-term sell setup and longterm buy setup. DM to see how I will take advantage of this setup.
Longterm Outlook:...
Gold is in Wave 5 of the major advance as I've already discussed in the higher timeframe post I published 3 days ago.
Kindly find the related idea links to read full articles.
It's setting up for wave iii of (iii) of 3, and this usually the wave that drives the price so rapidly according to Elliot Wave Principle.
So keep eyes on it! Don't lose guard!
Best of...
Gold showing a fast decline due to US and China talks and the Dollar strengthening.
1H Morning Star Formation
4H Pin Bar
Overall if Daily can close above this we may still be in a uptrend.
Two very similar structures appearing with a potential short!
BE EXTREMELY CAUTIOUS. THESE ARE ONLY IDEAS AND NOT A SIGNAL
I have entered the trade and waiting for this to play out
