By monitoring the 240-minute chart, the existed scenario is that the price located in the sub-waves of 3rd wave, which can be extended up to the range of $ 1651, and in continuation with the corrective movement in the 4th wave, the 5th wave will be ended in the range of $ 1597.
buy now leave T/P limit as mentioned check again in 8 hours time let's see if this one works good luck !
If you want more, help me with a like and a comment. If you want to be safe, you can take a profit now. The trade is still activ. 100PIPS In a few hours. Enjoy the profits!
We can see the resistance in red is a strong resistance and has been test more then two time so a short position a can be created. TP and SLare shown in the diagram Do always use trailing profit If you like my analysis do like and comment below whether you agree or disagree from my analysis and do follow me. As I regularly post the prediction on all major forex...
We can see that the price is testing the support and resistance if it breakupward this the short term downturn has finished however if the market breakout downward thus the down wards trend continues tp and all are show If you do like this idea do like and comment below whether you agree or disagree and do follow me Note this is not a trading advice and I am wrong 100%
Here we are seeing that the market is currently test the support and resistance however a breakout upward can lead to the trend change upwards however we could mostly see a breakout downward as US is willing to reopen its economy which means that the risk factor is on. If you do like this idea do like and comment below whether you agree or disagree and do follow...
Reasons to sell A correction pattern according to Elliot wave theory has been counted vividly as shown on the chart We also have a complete harmonic pattern at the 50% fib. level of the whole impulse swing. Expecting Gold to fall for Wave 3 or wave C as long as the invalidation level is not broken Therefore we are trading either wave 4 correction or we are...
Instagram : @GoldenScaleTrading | After the respect of a great Trendline that works as a new support, we have the difficulty of the Bears to push the price even lower. We also have EMAs showing that the rise should be close on the daily scale and, to confirm my theory again, the RSI is showing great buying potential today. The increase will also happen due to the...
GOLD IS DEVELOPING A NEW BEARISHNESS DOWNTREND 1586.55 start with a new robust demand towards 1625.25 after a 'selling climax'. Is this is a new beginning of a Gold downtrend? Most of the trader selling Gold due to cover their margin lost at Dow Jones market crash. The coronavirus is in the critical first wave development. The market crash has send down to Gold...
Hello to all watching my charts. Here we are able to watch a trendchange as is showed in other currecncy the last week. Here is how it works in reality: 1. Brake of a trendine ( Long trend here ends at brake 27.10. BLACK LIne 2. Brake of 1 or 2 supports (in addition to a trendline brake that a sign of TRENDCHANFGE.) here it is a change from LONG to SHORT at...
Bear Flag forming on XAUUSD, remember to wait for a clear break for confirmation! Follow for more ideas like this one! :D
XAU/USD Gold weekly overview On the chart we see that currency rate 9 days ago bounced up before key level $1236. That was a signal that big players want to get more fuel for continue of the trend. Also, as you see on the chart there are bearish moving from 4 -month range $1300 — $1360. After such accumulation of volume, the price can't turn it direction in 1...
Gold (XAUUSD) has Show signal for short Take a look at this chart. Price made a fake broke of key level $1307.66. H1 close under it. Also, that level is under that huge Range where big players accumulated their position. I think that can start a strong move down. I opened Sell at $1305.12 S/L: $1310.25 T/P: $1265 If the price will move down that will be R:...
Hi Everyone ! getting Some msgs from Followers to Analyse the Gold for them, So here is the chart of Gold. The blue Zone Provided in the chart is ideal for Gold to buy . Blue Zone covers 3 Confirmations, Completion of Cypher pattern, Support and psychological Barrier. Thanks