Hi Traders, here is the full Update Analysis / Breakdown for XAUUSD .
Keep this pair on your watch-list.
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 !
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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.
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!
Can gold push higher?
Gold on higher TF'S appears very bullish. Getting entries without huge draw down is my goal.
Had pending set at $1417.21
My $1450 target was already reached in previous trade. Could see a retest of this level. Potentially hit $1460 area
More Political turmoil or negative news would fundamentally push this move up
Risking 1% of Capital
Hello to all watching my charts
Today we will have a look at Gold in USD = XAUUSD
It breaks the resistance
2.7. to Higher Prices for a long position and it
breaks the support
3.7. to Lower prices for a postion in short
The bulls tried to take out 1423 resistance again on 5.7.
but they failed - short sill the way to go.
Since them the...
Folgendes Szenario hat sich entwickelt: im H1 fehlt mir noch die dritte Berührung, damit der Kanal aktiv ist. Die untere Linie ist bereits aktiv. Ich hab euch die möglichen Szenarien eingezeichnet.
Es sieht momentan so aus, als würde der Preis die vierte Berührung der grünen Trendlinie suchen. Man sieht sehr schön eine Bullenflagge, was einen Ausbruch nach oben...
1284.5 zone a really consistent support for XAU, following some bearish movement over the weekend, a restest zone confirmed, market will definitively begin to rise steadily to the bench marked zones on my chart, creating a new HH and matches the previous (1291.5) in the process.
most of the traders are longing right now for they think they have had the breakout and now price will continue to go up.
Little do they know that this is what they do; they trap dumb money, take the price opposite to the direction; take them out and then go in the direction they want.
Unless or until you dont know the structures; you will continue to lose...