Price has found resistance at the symmetric. We trade a retest of the order block. However if it buyers break above the symmetric price we then buy on a retest of the break. XAUUSD could be in for a long-term short.
Gold is eying the price 1905 mark. Expect a short term sell before we see any strong bullish continuation.
So for Gold you have a confirmed long term buy on 4H, a sell formation off a resistance zone on 1H, and a bullish engulfing candle on 1D with price above the weekly pivot. My Trade Idea: Buy Gold when it breaks above the daily range tomorrow. Short Gold when it brakes below the daily and weekly pivot range.
Gold broke below 1919.5 resistance. I expect Gold to retest 1919.5 and drop as far as 1897.5 which is an untested support range. Therefore sell at 1919.5, stop loss above 1927.5, and take profit around 1897.5
XAUUSD is dropping after retesting the break of a nake. I expect Gold to buy later.
In the previous week, the price moved to 1830 as predicted, touching 1833.80. Right now, we have a confirmed reversal on our system, which can be overturned if the price breaks above 1834. Above 1834 we shall trade a breakout. If a breakout occurs we expect the price to touch 1904 (This will be our target for long positions). For now, we will be shorting the...
Triangle broken. We wait for buyers to take control enter on retest.
Gold eyeing 1850.00. Upon a failed break above 1850.00 Gold will drop to retest the H4 bullish order block at 1770.00 If price doesn't break below 1764.54 price price will range between 1850 and 1770. Otherwise price could touch 1729.864 which is the Fib target 2. Further downside will see price touch the symmetric of the fib.
Break-retest formation looking at the drop to the support.
Looking at a retest of 0.69421 that was broken on Monday before we see a rally to the resistance 0.71528. Sell and buy on rejection of 0.69421.
Price is currently eying 2018 high. However it has to break 1.22069. Possible retest of 1.20130 before we see a rally to 1.25592.
Following the downside consolidation overnight, gold broke the range to the downside, confirming a symmetrical triangle breakdown on the hourly and H4 sticks. The price closed below the rising trendline (pattern) support at $1927.42. The move lower exposes the pattern target at $1875. Ahead of that level, the bulls could defend last Friday’s low of $1916.42. A...
Gold continues to maintain a downward trend on the H4 retesting the fib with consistence as it breaks through the triangle. Possible entry area indicated on the chart.
A falling trend breakout on H1 as the spot clings onto the critical triangle support looking at the retest of 1960.00 💱 BUY LIMIT 📊 Entry: 1935.00 📉 Target: 1960.00 (250 points) 📈 Stop Loss: 1925.00 (100 points)
After days of building up the a short trend finally appeared breaking through the support line. This will continue. Looking At Selling limit; Entry: 1.99370 Target: 1.9787 (150 pips) Stop: 1.9987 (-50 pips) The stop should be 2% at most.