XAU-USD is going up right now And seems destined To retest a horizontal resistance above at 1724.538 From where I Think a pullback and a bearish correction Are to be expected !!
xauusd daily closed under the 50 ema So this is what im looking at for a short position entry So once gold opens there should be a pop to the .236 lvl of 1677.304 but what i want is a pop above 1677.304 because it can be used as a resistance but if it does get above then i would get in a short at 1680.380 - 1681.917 for a perfect for a short with a tight short...
Gold breakout falling channel and 55-EMA Gold edge above cloud top with hope 110-EMA resistance zone
XAUUSD H4 GOLD Bearish Shark Pattern Formation, 1st we sell under 1681 and target is our sell target line than we will buy from buy line because H4 TF market next target is 1709 to 1711 are,,, Let's see the market condition....
#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went up very fast by BREAKING the TREND LINE, due to which US10Y went down. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. So we have to wait a bit until we get them. US CPI DATA is very popular among them. Anyway, with LABOR DATA DOWN, GOLD is...
Gold (XAUUSD) closed on Friday above the 1D MA50 (blue trend-line) for the first time since August 12 that was practically the time that the stock market made its previous High. At the same time, Gold broke and closed above both the former Channel Down and Triangle patterns that we discussed where bullish break-out signals on our past analyses. Despite the...
#XAUUSD ( Gold / U.S Dollar ) Time Frame - H1 - LEADING DIAGONAL , Breakout the Upper Trend Line #UTL we need Wait for the Retest - DOUBLE BOTTOM Time Frame - H4 - RECTANGULAR CORRECTION and Almost reached the Upper Trend Line #UTL " DEMAND ZONE " - Completed " B " Corrective wave and making " C " wave Time Frame - Daily - Following the " BEARISH CHANNEL "...
Goodmorning everyone at the moment i am wait for gold to hit 1680.402 then i will try to short it to 1636.916 if it doesnt hit my sell zone ill be done for the week but i hope everyone has an amazing weekend see you guys monday
Gold (XAUUSD) has been trading within a Channel Down (blue) inside a Triangle pattern (dashed lines). The distinct characteristic is that the price hasn't had a 4H candle closing above the 4H MA200 (orange trend-line) since October 07. Even the recent attempts that broke above it (Oct 26/27 and Nov 02) failed to close above it and dropped emphatically back below...
Updated chart for xauusd currently i am still bearish i took a long scalp at 1617 but i am now out So at the moment this is what i see will explain in my thread
XAUUSD is retesting a local Horizontal support AT 1633 on the 4H timeframe So we are expecting a local rebound Despite our bearish bias
Reason For XAUUSD GOLD Sell 1. Stochastic Oversold in 1h Time and crosses over the 80 and make the assset to fall 2. RSI 14 below 50 and move in sell trend in 1H 3. Breake the Triangle Pattern 4. Retest the Day Low of 1630 technically Possible Outcome; GOLD SELL 1638.34 SL 1644.00 TP 1628.50
Gold (XAUUSD) dropped below its 4H MA50 (blue trend-line) after failing to close a candle above the 4H MA200 (orange trend-line) and remains within a Triangle pattern (dashed lines) since the September 28 Low. The 1D RSI remains on Higher Lows since that day so it gives some edge to the upside, which can come if the current short-term pattern gets confirmed as an...
GOLD is again stays below 1645 key area try to enter in sell trade direction. FOMC & BOE meeting remain on the agenda of upcoming week, so use strong money management.
This is a follow-up to our previous analysis where we were able to close the week with over 3,000pips in profit (see daily commentaries in the link below for reference purposes). Going into the new week, it is obvious that the yellow metal gained some bullish traction towards the end of the week, rising more than 1% on Friday as the dollar weakened amid reports of...
Unfortunately, last analysis hit our stop loss. The price touched the upper trendline, formed a bull trap and I was stopped out. The price continued with the bearish momentum, filling in the imbalance formed by this commodity around 28th September. Currently, the price has been forming a bearish flag/ channel (lower time frames) of which I anticipate that the...
nice change of character from the price and also already break the support, always look up for you’re all money management !!
You are and have been following my strategy since the beginning of the week buy in position 1643 and area 1633, we continue to hold long position. Waiting to take profit at position 1693 and 1711. We will move Stop Loss to 1648 area to preserve profit. My strategy today is to buy at 1663 zone with small volume waiting to take profit in 1681 and 1693 area. Stop loss 1653.