Gold is still on-trend bearish.
Price may create correction before continue bearish.
If 1784 Breakout, possible retest the trend line about 1806-1809.
wait for rejection and price action come to sell area.
Manage money management wisely
If you followed my previous posts, you are certainly loving the profits that came forth. The gold did break through, and dare I say, it is now going to rebound back up for a retest.
The chart above has nothing new added to it. The reason I am sharing this is to show you the trendline resistance that I had already drawn in my earlier charts. The trendline acted...
Ever since Gold touched its all-time highs back in 2020, things have been going downhill. However, what people might not have noticed is how there seems to be a pattern that is in the making. We are on the verge of the end of the triangular formation, and somewhere in October 2021, we can expect a massive breakout.
In the chart that I have just shared, the pink...
Here is my idea,
Price possible create HL (Higher Low) and Bear Flag.
my sell entry area on golden zone area on Fibonacci
If you find on Daily and weekly, I see strong momentum for bearish there.
If you have any idea, leave me comment below and don't forget give me thumbs up.
we are currently in the correctional phase of the market which as we know comes after an impulsive move. I am anticipating price up to push up to around @1803.45 and from there will be waiting for price to give us an entry signal into this sell position. suggested stop loss: @1808.43(0.26%) leaving us with a potential risk to reward of 18.1
# Price is printing a bullish falling wedge.
# Even after the recent flash crash we can see that the price QUICKLY retraced, respecting the structure.
# 200-day Moving average finally crossed below the 100-day MA (Buy Signal).
#This is a long term idea.
Wait for the breakout before Entering, until then there will be several intraday...
In this video, I walk you through this Gold trade, the setup of which I put out in my Forex Weekly Forecast for this week.
I want to share with you the power of trading order blocks and structure breaks.
If you are pickin' up what I'm puttin' down, drop me a message/leave a comment.
Just a quick heads - up... If you love trading gold, I urge you to pay attention this pattern (Bullish falling wedge) all the time. Especially when there is a divergence forming with it. The pattern is much clearer on the H1. I will be looking for long positions.
This is not financial advice. Forex trading is a risky business. Trade at your own...
Gold , or as denote the main trading pair XAUUSD , has been gaining a lot of attention around itself in recent years.
As soon as major analysts or hedge fund top-managers begin to say that the next crisis is near, investors immediately start buying gold as a defensive asset, and its price, accordingly, goes up.
Let's walk a little through the history of the...