Multiple resistance at 1809, 1815 and 1833 Unless those level brake within the next 5 days I see gold going back down below 1750 if those 3 level do not brake. I believe nfp will send it up next week the question is will it hold or not? Comment down your thought below
GOLD good short again as it set to retest 1682 again #xauusd
1. Overall bearish scenario. 2. Price was approaching the supply zone of 4hr,1hr, and 15min timeframe with all three supply zone coinciding. 3. Took this sells on 1min time frame when the 1min candle rejected the 1hr zone and the next 1min candle broke the low of the previous 1min candle, I entered my position with SL above the previous 1min wick high (-9pips)....
Short XAUUSD as u see, charting for wait FED reprentation tonight. Strengthen for SELLING today is quite BIG
The analysis is based on the Dow Theory. It is a successful swing. = If it breaks the level 1779, it will be entered into selling 1 = And if the level of 1765 is broken, it will have a sale income of 2 = Target is 1736
Last Analysis in 24.Aug.2021 : Given that the price has reached a very important resistance range, do you think the bears will win or the Bulls will push the price up with more pressure? tell me your opinion ... Now : Bear it is ...
Hello Friends, Here in GOLD we're above support into correction 1. So here i'm considering its some moves into the correction as it did in history. So according to trend line we have seen how it moves into bearish as multiples candles having both red & green then it break the trend & fly which is completely a swing. So i'm considering the moves around 1760s...
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After failing to "keep"1790-1795 support, XauUsd is sitting on trend line support now. A break here would confirm that 1800 break is a failed one and we can expect downwards continuation. The next level of support is 1750 zone and this can be short-term traders target. However, swing traders can have a much deeper target at 1680 support
As I last time discuss with you that now we are looking for gold in Sell. So now is the time of entry and you can take advantage of it. My first target is 1776 and my second is 1757.
Price broke ascending trendline at our pivot level at 1,788.18 which is in line with 23.6% Fibonacci retracement level and 78.6% Fibonacci extension level. Price could potentially drop towards support at 1,764.03 which is in-line with 50% Fibonacci retracement level and 200% Fibonacci extension level. MACD is also indicating bearish momentum for further...
Sell with good risk ratio 1:3 there is good postion because of pull back
As I said yesterday, reform seemed necessary for gold, even given the bad news for the dollar. The behavior of the gold wave and candle indicates the beginning of the correction. A temporary incremental correction is necessary for tonight and the correction will continue until about 1740 or 1680. After that, it is likely that the 3rd ascending wave will start and...
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Given that the price has reached a very important resistance range, do you think the bears will win or the Bulls will push the price up with more pressure? tell me your opinion ...
My thought is Wave C has been completed. Short are preferable this time. Then we would go for Bullish after Wave C of 2 completed. Good Luck
This precious metal has made efforts to correct and recover from its blood bath from the NFP. Since then, we have seen collective buyers against sellers push price higher, creating higher highs and higher lows. After the last bull flag, we saw a nice impulse to the upside with price coming back to a key area and showing wick rejections on the level. We're...