BUY XAUUSD AND I CAN SEE THAT XAUUSD WILL BE BULLISH.
Gold -0.22% dropped towards $1188 levels yesterday before reversing sharply back towards $1200 handle. The yellow metal is seen to be trading at $1194/95 levels at this point in writing and could be looking to push through higher levels going forward. A simplified wave count has been depicted on the hourly chart indicating the potential termination of Wave B at...
Hi All, It's in all the chart - xauusd. Please tell me what you all think. Up Trend: Impulse. Down Trend: Correction. All wave Patterns are impulse or correction. Sideway: Except for moving horizontally. Retracement: Price hit Support, Reversal Period, Stop Loss: 60/40 Split. Resistance: Price Falls below Previous Support Level . Only trade when you see...
XAUUSD is approaching our first resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1302.72 (horizontal swing low support, 161.8% Fibonacci...
XAUDUSD is approaching our major support at 1322.59 (61.8%, 100% Fibonacci extension, horizontal swing low support). A strong bounce might occur at this level pushing price up to our major resistance at 1332.31 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is also approaching our major support at 6%, in line with the...