When it comes to gold, Yes, shorting is still preferred.
Crushing gold on August 9th, though, leaves long wick a little puzzled.
So I'd like to see if gold can close as a bear candle at the end of the month.
However, for the time being, a two-position high-low level is my preferred level for short-term long-term trading.
Please check my previous gold trade...
Over 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week...
Yesterday I closed long position with small profit before asian session, expected a little decline before London. Now I opened 4 lots long and will add 4 lots more later if everything will go by scenario.
In Friday's commentary, I was wondering if Gold turned bullish. And, indeed, after a new dip to 1740, the price revered and has started to grow.
At this moment gold in trading exactly in resistance and still under the descending trend-line.
A break of the horizontal resistance can clarify the future direction and expose 1780-1785
On the other hand, reversal here...
Gold looks very bearish and ready to go for the final wave in the weekly chart, target 1500
I have sells open with tp 1500, will close only near this target
Everything is setting up for a big crash on gold , as dxy its looking about to make a big move to the upside as well.
Dont miss this trade of the year
Good luck all :)
When we look at the weekly chart we see a pattern forming, Cup and Handle, if this cup and handle works, we can see Gold around 2600-3200 zone, this is a nice income in 1-2 years. This is not a financial advice, but I have reasonable amount of gold in my portfolio for the next coming years.
XAUUSD Long Idea
Global Uptrend due to Stimulus Deal
Local Correction from Low
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to our...
How to trade XAU/USD this week?
The GOLD reached $1800 continuing its downward movement till $1761, and its expected to reach $1750. After that it will start by a correction upward movement and it will reach $1775
So The Best Selling Price Is $1775 & And The Best Buying Price Is $1750 For This Week
Time Frame: 4H
Signal Analysis: The price is still in an uncertain zone and the entry should be taken carefully. If the price reaches the nearest support level of 1750.635 ,then we can expect a long move upto 1783.650 as a correction move and fibonacci retracement.
Gold price is reversing from monthly highs just ahead of the $1800 mark, as the US dollar rebounds in tandem with Treasury yields amid the upbeat market mood. Robust US corporate earnings douse fears over growing inflation risks, boosting the investors’ sentiment at the expense of the safe-haven gold. Meanwhile, failure to find a hold...
Time Frame: 4H
The price will move down to readjust the price level with a hope to keep balance for supply and demand. We are optimistic for a downward move which is imminent . This is a high probability set up and can be triggered for accumulation of some pips. We recommend to take precaution with proper risk managemnt.Our entry...
Hey traders, this is my plan to buy Gold.
It will be better if the price falls to the trendline and shows a reaction. In that case, we shall be trading with the uptrend, bullish channel and demand zone.
Trade with care!
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The price of gold attempts to trade back above the 200-Day SMA ($1795) as the 10-Year Treasury yield continues to pullback from the monthly high (1.64%), and looming data prints coming out of the US may keep the precious metal afloat as household spending is expected to contract for the fourth time in 2021.
The update to the US Retail Sales report is anticipated...