Gold is knocking at a very STRONG RESISTANCE Zone. This resistance zone as held for the last 3 years. So, there is a high probability that Gold can fall from this area. In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well. Hence, traders can look for SELL between 1353-1360 area with SL above 1365. TPs can be set at 1340, 1331 and 1310 respectively.
In Sunday, I posted about selling Gold at the red resistance area. As you can see, that trade is working great so far with more than 250 pips profit. Right now, it would be interesting to see if Gold can make a recovery. The green lines are the SUPPORT areas from where Gold can bounce up. So, if you sold XAUUSD with me, take profit if price starts bouncing from...
Hello Traders, in my previous XAUUSD Ideas, I have advised you to BUY Gold at support near 1275. As you have noticed, that BUY trade went great and we managed to get more than 750pips. Now, I would like to draw your attention to a POSSIBLE SELL SET-UP in Gold. As you can see XAUUSD has hit a RESISTANCE AREA on the daily chart(light crimson rectangle.)This is an...
Gold have rallied the last couple of days. Today the major indexes also rallied which should have sent gold down. Gold touched a recent and very important high and then turned around. Now we are waiting for gold to touch again and forming a double top before going down even further. We are expecting to see a target around 1300.
buy the XAU/USD dips. Possible Head and shoulders forming on weekly!!!
XAUUSD: BULLISH TP: Position to 1350 - 700 Pips #Forex #FxProNow Broke Resistance... May shoot to $1450
The support zone for XAUUSD remains intact. Hence, Traders can look for BUY entries near 1271 with SL below 1265. TPs can be set at 1285, 1293 and 1302 respectively. Look for BULLISH PRICE ACTION on lower time frames before entry.
Currently pushed back up into newly created supply and also in an overall selling market. Will not be surprised if we see the sellers push it back down once again. Let's see how it plays out.
Hello Traders! If you follow my ideas, you already know that I have been advising traders to BUY XAUUSD on DIPS at 1272-1275. Through this idea, I will try to present a good trading plan for XAUUSD with complete ENTRIES, TPs and SLs . So, I would like you to read the full analysis as I have attached the daily charts as well. In the weekly chart, we can see...
Hello Traders! In my previous Gold Idea, I advised you to buy a support zone of 1273-1275. As you can see, price climbed up more than 120 pips from the BUY ZONE. Now, whether XAUUSD will continue towards 1300 needs to be seen. I still believe in BUYING DIPS with targets of 1300 and beyond.
Hello Traders! XAUUSD broke out of a DESCENDING TRENDLINE(Orange Trendline), which is a good sign for GOLD BULLS. However, it dropped back below the trendline almost immediately which makes me wonder if it was a ''FAKE BREAKOUT". That being said, Gold seems to have found some SUPPORT IN THE LONG-TERM BULLISH TRENDLINE(Green Line) which increases the probability of...
Hello traders, for XAUUSD we don't have a specific outcome, what we are looking for is clear signs of reversal like breaking the trendline with an impulsive candle or a big impulsive candle to the upside for a touch in our monthly key level, all tho we do not have a fixed opinion about the movement we still think that this pair should be in your watchlist as it...