Update on XAU/USD We are currently out of this trade with a huge win we believe a retest of the 1290-1289 area is coming soon and thats where we will be looking to re-enter
XAU/USD could continue the bullish sequence in an attempt to finalize Minor 3 (green). If and when that occurs, a consolidation would be expected, followed by a last bullish wave.
missed the top, would be great entry, now waiting for some pullback for reentry
Gold Target 1: 1280 Target 2: 1300 We have broken below the descending trend line, 1280 should be hit soon. I feel gold is still on a bullish rally and that we will be seeing 1300+ Shortly after we find support.
I am expecting far more upside on Gold on the larger time frames and will use the H1 and H4 time frames for trade entries. I expect to see a corrective structure as indicated on this chart to form and will be looking to trade the long from the start of wave 4. There are of course reversal signs that I will look for before entering the trade. For more details on...
idea; somanypips IG going long on the retest of prior resistance
I would not be surprised if we see gold surpass $1,300 in the near future.
Entry: $1225 - $1230 Take Profit 1: $1250 Take Profit 2: $1260 Stop Loss: $1200 Enjoy our Free Analysis and Setups. Leave us a like and comment. For more scripts & analysis, follow us. Success trading!
FX_IDC:XAUUSD Possible continuation pattern "falling wedge". Next target 1260
DOUBLE TREND LINE + SUPPORT + DEMAND ZONE + PIVOT POINT = BUY GOLD
GOLD (XAUUSD), BROKEN through the red line and now seating pretty at fib extension level of 1.618 (1250.38) perfectly. i am now expecting it to deal the red line as our support line now. once this point is reached we can then follow for next update. like, follow and comment
GOLD (XAUUSD), seems to truncate at the point. this would mean we will see this move down a bit keep an eye for the red line, if it reverses and breaks that then it will continue to go up
XAUUSD (GOLD) is moving within this channel and i am expecting a quick reversal before we continue on the way up. i am expecting to hit the RED line. once done we will reanalyze. this should break past red line
Weekly tiemframe still indicates and is givin too many confirmations for a possible upside continuation,right now price is perefectly holdin above the preiovus weekly/daily structure forming and kinda wedge pattern respectin perfectly the limits of this pattern (fibs MP points) so in order to go long i would like to see a daily clsoe above that MP fib above 1230...
Waiting for retest 1216 => Go Long Target to 1250.xx