Pattern: Channel Down on 1H. Signal: Sell as the MACD is repeating a previously bearish formation that is associated with a Lower High within the pattern and subsequent drop to a Lower Low. Target: 1790 (the Support level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Channel Up on 4H. Signal: Bearish as the price hit the Higher High trend-line of the Channel Up with the RSI also reaching the Resistance. Target: 1,780 (near the 4H MA50 and Higher Low trend-line of June 15) and 1,770 in extension (Higher Low trend-line of the Channel Up). ** Please support this idea with your likes and comments, it is the best way...
Pattern: Channel Up on 1D. Signal: Bearish as the price has hit the Higher Low trend-line of the pattern. Target: 1705 (just above the 0.786 Fibonacci retracement level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pay attention to this if you are trading on the short-term. The 1H MA200 is normally there to support but can deliver a breaking as on June 15th. Also as long as the 1H MA50 is a Resistance the trend will be downwards within this Channel Down. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up within a Bearish Megaphone on 4H. Signal: (A) Bullish as long as the 4H MA200 supports, (B) Bearish if the 3,015 Support breaks. Target: (A) 3140 (the Lower High trend-line of the Bearish Megaphone), (B) 2960 (the Lower Low trend-line of the Bearish Megaphone). ** Please support this idea with your likes and comments, it is the best way to...
Pattern: Ascending Triangle. Signal: Bearish as we are approaching the Higher High Sell Zone. Target: short-term = 1750 (the Higher Low of the 4H Channel Down), long-term = 1715 (that is if 1740 breaks). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Channel Down on 4H. Signal: (A) Bearish is the (red) Higher Lows trend-line breaks. Bearish extension below Support 1. (B) Bullish if the 1746 Resistance breaks. Target: (A) 1695 (Lower Low of the Channel Down), (B) 1760 (just below the Yearly High). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Pattern: Channel Up on 4H. Signal: (A) Bearish as long as the price is trading below the Resistance, (B) Bullish if it trades above. Target: (A) 1695 (above the Symmetrical Support), (B) 1760 (just below the yearly high). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous XAUUSD signal:
This is a simple macro projection using the LMACD on the 1M chart and the MA20 and MA50. It appears that Gold is reproducing the early 2000s bullish run that led to its All Time Highs of 1900 is 2011. The MA20/MA50 Golden Cross has taken place and those MA periods have never crossed paths again, giving way to a strong 2019/2020 rise. The LMACD is on the...
XAUUSD Profit Target : 4.% Stop Loss : 1% Risk/Reward : 1:4
XAUUSD Short position executed
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Pattern: Channel Down on 4H. Signal: Bullish as the price is close to the Support Zone (green rectangle) of the wider 1D Channel Up marked by the 4H MA200 and the outer Higher Low trend-line. Target: 1740 initially (Symmetrical Resistance) and 1790 in extension if you want to seek more risk ** Please support this idea with your likes and comments, it is the...
Pattern: Channel Up on 4H. Signal: Bearish as the pattern was rejected on the Higher High zone of the pattern and is on a potential top formation. Target: 1720 short-term (just above the Higher Lows) and 1695 medium-term with higher risk if the blue dotted line breaks. ** Please support this idea with your likes and comments, it is the best way to keep it...
This is not a trading advice, just something interesting I want to discuss with you all. A lot of analysts claim that the COVID outbreak will put global economies into recession and that we are at the beginning of a Crisis similar to the 2007/08 Subprime Crisis. Gold has been the standard of "Store of Value" and one of the biggest winners of 2019 as well as 2020...
This is based on the long-term trend starting 1 year ago (exactly May 2019). I want your opinion on this very interesting pattern I found. As you see and probably most are well aware of, Gold has been trading within a Triangle since early April on the 1D chart, with the MACD close to forming a Bullish Cross. The very same Triangle has been formed twice after the...
The gold confirms that it wants to go down, pinbar that hits the resistance several times. In 1710, support was formed but it became resistant.