G'day, Guys. Been so long am not updating these pages. The main reason is, due to EOY which is trading at end of the year gonna increase a huge risk on your capital. Today let's check XAUUSD. I expect these pairs to develop price action with confirmation for a downtrend. Let's see what gonna happen next.
Gold Short , XAUSUSD SHORT SELL XAUUSD (@ 1819) Take profit 1 at 1811.50 Take profit 2 at 1808.50 Take profit 3 at 1803.50 Stop loss at 1822.00
Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of...
IPA at a lower area of price as well as a distribution schematic coming up for the LPS before a downside move.
Hello everyone, Next week i expect gold to drop more possible 1756 as you can see, It formed DOUBLE TOP it broke neckline then retested it and I really could see drop tbh. Have a good weekend :)
I think that the market need a corrective wave after the retest at this remarkable resistance SELL AT 1918 USD That can happen with a high probability
Sold gold in 1910. XAUUSD monthly chart is overextended and in need of a retracement. My target is 0.38 fibo retracement on the monthly chart. Also the weekly and daily chart is indicating short. So, a good short opportunity in gold. I sold when fibo touched 0.618 on 4H and right now in short with 1:4.5 risk to reward. If anyone wants to sell gold then wait for a...
This is a Trade Idea and for Educational purposes ONLY.