support and resistance lines..
horizontal lines are Support/Resistance .
Vertical lines are time pivots .
1795-1782 - 1776.61- 1761.63 for scalping traders important levels
last short target between 315 level and 360
then go long 180 level
After breaking the uptrend on Friday, I strongly believe that gold will fold once it retests the 1788-1790 area. The retest, triple top touch of downtrend and fib green zone seem to indicate that a drop ti the 1760-1770 area could be imminent.
resistance confluence 1827-1832, poses a serious challenge to the down side momentum. if have a fail beak out at here,
a opportunity for seller, target 1805 or 1785. Opposite this resistance is broken out, buyer may be continue long Gold, 1875- 1850 become crucial level to watch
All at once, Gold has suffered a lot of resistence it may soon as possible comes to its value, meanwhile USD will break throw in coming month, which means bullish will not take Gold back. USD against Japan USDJPY having backrun, BTC the same! All at once doesn't matter which currency moves! will puch the XAUUSD up.
(4H, 1D, 1W) STRONG BUY
18 Months after COVID-19 surfaced, the world economy is on its knee's. We are looking at inflation close to that of 2008/2009 in many countries. A recipe for disaster. Stocks struggle earlier this year as many expected inflation to be sky high since Uncle Sam at the FED printed 21% of all circulating dollar in history. Yes you heard that, Since the dollars...
XAUUSD is in its correction part completed its A and B part and is in its C part ,
i has also followed wolf wave in which it will still go down a little and then will move upward minimum toward tendline resistance or maximum daily resistance and will short potentially..
fingers crossed , keep enjoying , happy trading
I HAVE PLACE A BUY @ 1860!!!
HUGE Descending Broadening Wedge !! IF this 4hr correction was just a break and retest on the daily for a breakout. this could lead to massive gains !!
LONG TERM BUY:
this correction has only been 2.8% a bigger drop can still happen.
because im bullish on gold and its trending up i BUY
GOLD is still making higher highs and higher lows on the 4hr n daily which is very bullish
creating a upwards wedge with decrease in volume is not bullish.
taking a look at the 1hr we see big red candles! bearish short term.
look for liquidity
price action: (sell)
if price continues to follow the trend then price should...