This video is my Trading plan on Current 3 major currency pairs. And it may play the role of educational video on how to spot cypher pattern for you
It seems XAU/USD hovering around price 1326.68 - 1315.93. Now it's on sell position until price @ 1315.93. It might chances for bounce back to positions once it's reached the sideways support @ 1315.93 to 1326.68. If the price breakout it's positions, there is a chances for sell until price @ 1306.85
We can expect XAU/USD to fall further below and hit 1300$ if the current support does not hold. After this move, we'll have more information as to whether it can go down to 1290 and lower.
Is it possible that gold can't break next resistance? Good Luck
Beautiful breakout and divergence ! Keep it simple.
As illustrated above, there have been 4 times since 2013 that XAUUSD has been rejected from the 1350 level. We're currently approaching a 5th test of this resistance level in the past 5 years and we should watch this level closely, as a break-through here could potentially lead us to a new all-time high in the near future. Another thing to look at on the above...
There is lot of speculation about gold prices, with USD on the downtrend and Chinese new years coming, Gold will continue up after retrace to some point at support level area, but there is still possibility that Gold will break the hard support level at $ 1300 which is can change trend direction. Interesting to follow on the next week ahead
XAU/USD tries to bypass 1,323.00 again Contrary to expectations, the exchange rate failed to sneak below the combined support formed by the lower trend-line of a junior ascending channel and the 200-hour SMA. In other words, bulls made one more, though unsuccessful, attempt to push the bullion through the upper boundary of a four-month long dominant descending...
Gold has gone up recent days, however, I consider that is a correction of downtrend. The recommended short area for me is around 1278-1280 when price reach the trend line (note that stop loss above the trend line). On the other hand, if the price break the trend line to form a new trend we could consider long XAUUSD. I often use trend analysis because I love...
XAU/USD soars to 1,259.00 After forming an inverse head and shoulders pattern and bouncing off from the weekly S2 at 1,235.93 the yellow metal managed to advance by 1.23% against the buck. In daily perspective the surge the is expected to last until the rate makes a new rebound either from the 1,263.63 resistance level or from a combination of the 200-day SMA...
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 forms minor symmetrical triangle The second half of previous trading session the exchange rate spent in horizontal movement. A release of better than expected US consumer sentiment data pushed it to the bottom, while another launch of ICBM by North Korea gave a reason to continue the surge. Technically, the southern side was protected by the 55- and...
XAU/USD heads towards 1,293.00 again During the previous trading session the exchange rate indeed formed and made a breakout from junior symmetrical triangle pattern. Fortunately, a combined support formed by the 100-hour SMA and the updated weekly PP at 1,286.16 managed to turnaround the pair. In short run, the surge of the yellow metal once again is likely to...
XAU/USD relentlessly tries to reach monthly R1 at 1,298.00 Despite release of better than expected American housing data the bullish pressure prevailed. To certain extent, the surge was supported by a combination of the 55-, 100- and 200-hour SMAs in conjunction with the monthly PP. However, the fact that the pair managed to break through the upper boundary of...
XAU/USD fluctuates between 1,275 and 1,280 As there were no breaking news yesterday, recovery of the buck was expectedly neutralized by combined support level set up by the 55-, 100- and 200-hour SMAs together with the weekly PP at 1,273.35. In the meantime, lowering interest for safe haven assets as well as existence of the monthly PP at 1,279.41 did not allow...
On Monday, the price of gold showed significant growth, tested the resistance level of 1282.70 - 1284.60, after which it rebounded down. It is worth noting that the pair is still trading in the global consolidation (the lower limit - support 1264.40 - 1266.00), in which fairly large volume is concentrated. Given all of the above factors, the best decision will be...