I'm looking for a small buy this first hours of market and maybe Monday morning, But first i'm looking to respect the 1640.00 Zone for a retest of the 1650.00 Zone and also looking an M pattern from 15M to 1M with confirmation of respecting Zone reversals candle
STRONG REVERSAL PENDING.
Price approaching well respected resistance trend line and 61.8% Fib Retracement
Gold showing very volatile price movements, hence be careful with your entry!
"In the name of Allah, the Most Gracious, the Most Merciful".
XAUUSD Big Dump Is Coming Soon.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
FROM MY PREVIOUS ANALYSIS WE SAW THE EXPLAINED DIRECTIONAL MOVES AFTER THE H&S FORMATION , NOW LOOK HOW MUCH FALL HAS HAPPENED AND HOW MUCH MORE FALL WILL OCCUR
In spite of US-China trade war, emerging market instability and political tensions in the Europe and British , the price of gold is to decrease . According to technical analysis , the growth of price was lasted since the divergence had been appeared and it's believed that there is still room for devaluation . In addition, if the price manage to break the...
The previous GOLD trade made a decent profit and now the price is pulling back.
Pay attention to 1288-12917 area...
Watch price action for reversal signal and ready to catch a short for a structure.
XAUUSD TECHNICAL CHART
-Price is losing momentum to the upside;
-Price has completed an ABCD structure.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
XAUUSD Supply zone
you can find other patterns
such as Inside Bar or Bearish Pin bar
Use Lower time frame to enter will be a good choice
We can short gold now, SL above 1215
TP: 1173
XAUUSD HIGH-RISK SETUP BUT SMALL LOSS!
If the price doesn't break that minor zone or start to stall too much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have an SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
Thank you for support and likes. Feel free to comment below.
XAUUSD (GOLD) - CONSOLIDATION RANGE - SCALP AND SWING IDEAS
If the price doesn't break that minor zone or start to stall too much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have an SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
