Gold has continues to test major resistance at 1332 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). An ascending support line continues to push price against this major resistance causing it to squeeze. A major move in either direction tends to happen in such situations. If price breaks below our ascending support line,...
XAU/USD fails to break below 55-hour SMA In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected. Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55-...
Gold continues to inch upwards towards major resistance at 1332 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to drive price down to 1294 support first (38.2% Fibonacci retracement, horizontal pullback support) before 1272 support (61.8% Fibonacci retracement, horizontal...
Hi traders! Going along with my USDJPY analysis, we will see now downside for gold after this almost vertical bull run. DXY started this week setting this up for a reversal! Here's what I'm thinking: XAUUSD SHORT ENTRY : 1320.28 SL : 1327.23 TP : 1276.96 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Clear divergence in 1 hour and 30 min chart high support area gap is not filled re correction & fibo level to be touched back Clear divergence in 1 hour and 30 min chart high support area gap is not filled
GOLD buy limit at 1279 and Re-Enter at 1276 Take profit 1 : 1294 (140/180 Pip) Take profit 2 : 1310 (300/340 Pip) Stoploss : 1268 (120/80 Pip)
XAU/USD tries to break below monthly S2 Previous trading session the exchange rate mostly spent in a horizontal movement between the monthly S2 from the bottom and the upper boundary of a medium-term descending channel from the top. As on daily chart the pair continues to fluctuate in a junior channel down, a little recovery of the yellow metal is expected to...
Hi traders, Plain and simple, price broke down support and order block. This opens up a drop to the 1230-1220 range. Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
I mentioned 1277 open gate to 1265. Although I closed my sells this is willing me to try an entry again with a stop above 1278. 1278.5 would be fair enough. 5% margin impact. Good Luck.
It is so great when you don't have to write a description! thank you, TV.
First of all thanks to TV for letting me be one of the beta testers for new Video idea Feature. Works Like a charm, and is considered to be a really great thing for TV authors, as they can describe more in-depth ideas they publish. I have opened a Sell position ( 5% ) and may consider adding more because eventually, this has more chance to drop than climb to...
Seems that this could be a small corrective move before more down. I have made an additional Sell entry. But break above 1284 is not bearish. Other than that watch the down move. Closest Target could be 1267 - Extended Target 1260 - 1257
Hi. It is worth to risk a sell below 1296 and aim 1270. Good Luck.
XAU/USD falls by 1.1% The exchange rate dropped by almost 1.1% on Friday in result of 10 minutes trade that moved about 4 million ounces of the precious metal. Nevertheless, the drop was generally anticipated, as it illustrated a breakout from the rising wedge formation on daily chart. In any case, there are two main options for further movement of the pair. As...
Tricky and Hard trading lately as I try to understand what will happen with that 1254. Normal buy opportunities fail quickly indicating that something is missing. Last sell opportunity didn't go as expected but later on in private trading room ( for Russians only ) we manage to sell at 1282 again once 1284 was broken back by 2 dollars. So at least now gaining back...
What I personally want to see is a daily close above 1282. If I would get such close I would personally buy more. We have a multi-week range rover and it is very boring. The sell in the last idea was for hedging purposes because I cannot know what could happen, so if it would drop from 1272 I wouldn't be 34% down at lower levels and I would have a lot more cushion...
I started to understand why Gold did not follow EU completely because it would need to break something that it apparently didn't want to break. So Like stated in the last post, I made an Entry in Gold at 1278.2 and EU at 1.16350. I don't know why I trade EU this time as well, maybe because why not as they both go like twins. Target's remain 1322 1355 so in EU...
As we approach sensitive levels and targets first daily moves start to get even more important! If we approach 1270-1272 area now that seems more like a Sell with TG 1262- 1254. Break of 1272 up is a bullish sign. If we approach 1262-1254 first, it is considered as a bullish sign as well. Note that Daily TF TL aligns perfectly with TG I have 1254 area! I would...