We have reached a resistance structure the market did not break several times, I noticed a trend line which was broken, retested with a pullback and then using the Fibs I have spotted a clear entry on a continuation down trend also using the lower time frame analysis like 1 min and 5 min. Lets see what happens!
In spite of a bad NFP, Gold couldn t manage to keep gains and reversed from 1780 resistance on Friday.
This, in my opinion, is a bad sign and we can expect further losses for the yellow metal
Rallies towards should be sold and 1720 can be swing trader's target
Interim support is 1740
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
When it comes to gold, Yes, shorting is still preferred.
Crushing gold on August 9th, though, leaves long wick a little puzzled.
So I'd like to see if gold can close as a bear candle at the end of the month.
However, for the time being, a two-position high-low level is my preferred level for short-term long-term trading.
Please check my previous gold trade...
Hello Traders,
As we can see, We have Ending Diagonal at the Wave 5, we have also a strong support zone with Divergence in MACD that give us a high potentiel of Long position.
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Hey traders, here is the analysis for the XAUUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Hello Friends,
Here in Gold, we have bulls & bears formation so firstly we have to look towards bulls in trend. For bulls i am considering its move to 1800 from 1775s area as because we are having the trend coming from bulls else also its keeping moves in U-Shape. Whereas in Bears i am considering the area 1719 to be hit starting from 1760s area as...
I expect gold to recover to the $ 1795 level within 2 days. A little later I will look for a place to buy. At the moment, gold is under pressure due to rising bond yields. The situation should change soon. I will write in social networks about the opening of the position as I see the right moment.
Hello Friends,
Here in GOLD we have two different possibilities the BULL in trend or the Bear after correction due to H&S Pattern... Well firstly in Bulls i am considering the pull back approx half of the move & to stay in the trend in which it should be hitting the area 1782. As it is risky so we probably have to enter safely as well next moves will tell the...
Hello Friends,
here in GOLD we finally get bullish impulsive move so here we have a little trend resistance from which it do a little pull back but we are considering its complete pattern to be final when hitting 1830s area.
So entry around 1790s is considering the best. As well area 1795 & 1804 is little time taking so little testing will be done here.
I...
When you look at this chart, I think if we break down below the $1750 level, it is likely that the market could go looking towards lower pricing, perhaps down to the $1725 level. If we break down below there, then it is likely that the market would go looking towards the $1680 level. That is an area that has been massive support previously, so a break down below...
Symbol: XAUUSD
Bias: Short
Time Frame: 4H
Signal Info: Gold is now rangebound. Price is trapped in a rectangle. Considering the upper limit and lower limit of the rectangle, we can expect and establish a nice trading setup @ 1770.235 ,stop loss @ 1813.185 and TP @ 1725.529.
Symbol: XAUUSD
Time Frame: 4H
Bias : Neutral
Signal Analysis: We are neutral today. The price is congested and do not seem to be moving very far for the time being. However, opportunities can be traced at lower time frame. But it is recommended to ensure higher time frame confirmation.
Time Frame: Daily
Symbol: XAUUSD
BIAS: Short
Signal Info: The daily price action pattern has an explicit short bias for the XAUUSD. We expect it to go to its support levels before taking any upward direction.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
