idea is to short and continue short until we hit 1490 . we have been rejected from 382 levels and 618 levels ( which was also 50% levels if you check on fibs i made ) so now its heading towards 786 levels which are at 1750-54 which can play as good support to play longs but if we close below 1750 on h4 or daily next target will be 1729 for shorts . we can look for...
HELLO TRADERS - Let me remind you that last few weeks price is not moving volatile neither making any clear directions. - I have some confluences which are supporting GOLD for long trend. - As we can see price is above ascending trendline also rejected with strong bullish candle. - If we study dxy it is also showing that GOLD prices will raise. - So I suggest to...
Am waiting for the gold market to stabilize around 1790, bottom of rectangle before going long... If it breaks below it impulsively then my bias will change to bearish. Open 1790, save loss 1780.. tp 1850
Hello traders, Gold In the 1-hour timeframe, gold has created different types of countdown due to its long-term side motion, but the best thing to do right now is a good channel for a simple Wave counting. If we consider all this motion as a correction triangle for wave 4, this triangle is in wave b itself. To confirm this triangle, in the first stage, it must...
Hi everyone! Gold has been on a strong uptrend lately with the weekly time frame showing a bullish bias as prices held well above the ascending trend line. On the H2 time frame, gold prices are pulling back to the support zone at 1802.50, in line with the ascending trend line and 78.6% retracement which presents an opportunity to enter a long position here. Stop...
Morning Team My sells are very much still in play. You can see from this analysis that the only real new structure after the sell-off has just been purged. If you got out of your sells yesterday you could see how price reacts around this area to add more. I will be waiting for one last push up before viewing the possibility of more sells. We are also going to...
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Hello traders, Gold in 1 hour time frame. In the previous analysis, I said that gold is a zigzag if it forms a wave of 5 waves, and if it is 3 waves, we should consider it as a flat. The situation that is now in place can not be said that wave a is over or we are in wave b. If the price can cross the Fibonacci level of 0.618 (1820), wave b is forming and is the...
GOLD Long Setup Continuation trade: 👉🏻 Price has successfully broke the H1 and H4 OB as forecasted. We could see some minor pullback at least to the 1792 area which is also the 50.0% retracement level. Price should be entering some sort of minor corrective movement first before seeing some bullishness.
OANDA:XAUUSD As usual use very tight SL. Happy Pips, PPPDirhams
xau/usd possibly reaching 1835? Analysis: 5 minute chart: bull flags at 1805.50, 1811.05 and 1812.80, im in on the third one.
Confluences a. Previous daily closure - long wick b. Trendline c. FIB 15M d. 15M STRUCTURE
XAU has managed to break the two-week range between 1797.00 Upper bands and 1750.00 lower bands. This consolidation comes as normality after extending a steep decline right off the 1900.00 zones as accumulation now shapes into form. A projected re-test of the established mid-range sees a short entry opportunity toward 1775.00. This establishes a confluence...