XAUUSD (GOLD) - CONSOLIDATION RANGE - SCALP AND SWING IDEAS
If the price doesn't break that minor zone or start to stall too much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have an SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
XAUUSD waiting for pennant breakout and buy short term resistance 1212$ to price go higher on daily candle should close above 1212$
Mid term Price Target : 1307$
XAU/USD had broken over the 50 ema but wasn't able to hold on top of it.
It has now broken back under and we can expect the move to continue further lower.
You can put a pending order to short at 1189 just as it breaks its current support area.
The first TP would be at 1180
Second TP: 1175
Third TP: 1170
*If you agree with this analysis, please make sure to...
XAU/USD labeled in an ABC swing, with A complete and B almost complete.
Wave B is labeled with an Ending Diagonal in the last C leg.
Expecting a bullish swing to commence.
A beautiful opportunity has presented itself with XAUUSD.
It has broken the 50 ema on the 1 hour chart and as it keeps losing support, we can expect it to drop further to anywhere near 1190.
*The move is canceled if the 50 ema on the 1 hour chart doesn't hold as resistence.
This is a day trading move. Risk 1-2% max.
Trade safe!
profit zone for GOLD , between 1206-1216 , open the long from the baseline and short from the topline.
until it break out the zone we will see the the gold rise up to 1250-1260 again !
low SL , high TP , good ration for the profit trading!
GOOD LUCKY
Brexit, US elections, Kim's rocket season... Just a few of the news what drived gold's move out of the lows or pushed it into the deep.
What will be the next news what drives it out from the recent lows I don't know but I guess we will get it know soon. There is always a story to explain the actual rally or drop.
Yesterday we broke the down trendline finally and...
Gold (XAU/USD), Weekly overview
3 weeks ago I wrote that Gold will move down. You see on the chart price moving to 7- Months low $1236. It's key weekly level from which we can look for buy. At this moment I see Gold between key levels.
Near $1282 I will look for short. On the chart, I see that price bounced from that level. Also, it was a support after breaking...
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:...
