Gold has dropped further this past week and has reached an interesting level experiencing a slight pullback on Friday. Is this the beginning of the highly anticipated bull run or is it simply a slight retracement? Watch the full video for my analysis. If you find this video helpful please make sure to also like, comment and subscribe.
XAUUSD is approaching our first support at 1264.44 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1283.18 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also ...
Gold (XAU/USD) Update
Also, as on ''USD/SGD'', I close this deal. But there is still a powerful downtrend. Take a look on this chart as I write 2 weeks ago price bounced from big Range.
At this moment I don't see any technical reason why It can change to uptrend.
If the price will make a Pullbeak to Sell Level $1281.98 I will open Short. There will be the ...
XAUUSD 4h My (under) Pressure
TP1: 1270.60
TP2: 1257.80
TP3: 1254.68
Entry: First Entry: 1274.00 - Second Entry: 1277.00
SL:1280.00
This is not investment advice
H4 following downtrend, without a clear demand zone. Its possible price will keep moving downwards.
Inside bar breaks, entry at 1273.50
SL at 1277.41.
TP1 1260.00.
price breaking 1285.90 Strongly and quickly without pain and settles below it and next target at 1267.00, unless breaching 1285.90 followed by 1301.20 levels and holding above them.
As in my previous outlook I called for shorts at 1307 area, I am still expecting the trade to run for the target, but i am looking for correction at the moment, i would suggest to look for sell setups on this market-mine have shorted at 1304, would be adding to my position.
Checkout the link below this idea for previous Gold.
Happy Trading.
Long-term all currencies are falling, it's simply a case of comparing which is the weakest and which is the strongest in the time frame we trade, choosing a pair that is falling at a similar pace together is a dangerous strategy and it's incredibly important we get the entries right.
What has not been going down is Gold, I've been bullish Gold since the 1040 lows ...
With Gold finally continuing its bear run, we are faced with the question of where it will go to, possibly reach and why. In this video I breakdown my analysis from the Monthly timeframe down to the daily and provide my reasoning behind my bias and future projections. As always if you find any of my videos helpful please like comment and subscribe as I will be ...
Previous support of the 1300 price level has held as resistance and with a strong break of the TL, I'm looking for short set ups to take down to the next level at approximately 1240.
FUNDAS - Markets are is total risk on mode, US/China trade wars no longer affecting haven bids and global equity markets are inching higher. What will spook these markets? Gold is on offer and I don't see it ending too soon.
TECHS - With the selloff lasting 5 days so far, i anticipate a small relief rally back to liquidity where i will be looking for sellers ...
Hi everyone!
Today let's talk about gold situation . Last week has been a real important week , with FED and BCE meetings. During this week gold finally started to move after a month that was moving into an area between 1290 - 1310 usd.
After a strong bearish impulse move , we are looking to sell that! Where? We will look to open some sell position around 1290 ...
Gold shows a bearish momentum however currently gold traded above and near uptrend trendline. If gold success break below trendline, gold will continue to drop and the support zone is at range 1241-1237.
Gold currently traded below kumo cloud and tenkan sen is below kijun sen line. This shows the bearish signal for gold.
Chikou span is currently below the price ...
XAUUSD reversed nicely off its resistance at 1307 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially fall to its support at 1293 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed nicely off the resistance at 96% where a ...
