Gold is now at the resistance level of 1562 + near the resistance line.
I think its a good short-term trade for sale.
Until this level is broken I will consider the sale.
The target is level 1525 near the support line.
Please support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1567.00
TP1 - 1723.87
TP2 - 1848.94
TP3 - 1917.61
SL - 1520.32
Reason: Years of Ranging (accumulation) and then breakout with a bullish flag formed now can lead us to test All Time High.
Warning: Do not open this trade if you are inexpereinced trader, because it requeres a lot...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Gold has started moving upwards again on a very strong Hourly 4 candle that broke through the Resistance and should aim on the next candle at #1,580.80 gap fill. Like I previously noted, what was causing “this rise on Gold was a combination of trade optimism (DX gaining against the Gold as safe haven) but mostly in my opinion - Bonds". It is no surprise that...
H1 looking very corrective and taking some time to play out from my last H1 idea. My view hasn't changed from that idea, if anything the price action is giving more confidence a strong impulse down is not that far away. Look for your sell setups and don't miss it!
My last H1 gold H1 Caution!! idea, check it out. It pays to be patient!...
We can have a little comeback on XAUUSD after a long time...
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Looking at broader picture we can see that price is moving in ascending channel pattern and has currently moved above previous highs .
We prefer staying long and buying on dips till price remain supported by ascending trendline (red) .
ANALYSIS ON GOLDUSD
Welcome to my analysis
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4HR CHart
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Interesting Point of interest In the XAU/USD pair.
- Price above 200 day EMA.
- look for sell signals TO GREEN ZONE.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Long term i am expecting move to the upside. Will update soon
Stay Tuned
On Gold i am looking for upside to 1580 if we can break and close above the resistance zone of 1562 currently, but overall target is anywhere between 1512-1520. Please leave a like and a comment :)
With XAUUSD we see clear chance to sell, im giving my first long signal here XAUUSD SELL 1560.00 TP 1536.00 TP2 1515.00 SL 1590.00. Enter this trade with your own risk and money manangment cause SL is not tight and we are getting ready to get big bag!!
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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