Gold can drop from current price 1212 or from 1223 level as hold below 1232 we can see a drop toward 1178-1186 where if hold above 1132 on daily closing we can see toward 1156-1165 level. Advice to sell in range of 1212-1223 sl above 1232 tp 1186
Short Term Correction in Gold.. Excellent Risk Reward
watch the price move backward now to broken support of megaphone (broadening top) so i consider as nice time to short
Gold has broken support around 1202.40. Now it has made a double top around the same level. It is a good opportunity to get short at market.
Gold trading around 1203 level 1213 level is very strong Resistance if hold below 1213 we can see as correction toward 1170-1178 where above 1213 on daily closing may call for 1230-35 level Advice sell in range of 1203-1210 sl above 1215 TP 1184-1170
Buy Gold at 1190 SL 1177.28 TP 1209.09 Buy Gold at 1215 SL 1209.09 TP 1232.89 MidTerm Sell Gold at 1209.09 SL 1232.89 TP 1164.15
As long as price is above 1165 saw an increase in the volatility of demand and move towards resistanc targets are as follows; Range of resistance: In this way the resistance of 1171-1172, 1174, 1177-1179, 1181, 1187-1188, 1193 and 1197-1199 are facing any of the mentioned resistance levels could prevent prices from rising further. * The failure or refusal to...
Gold trading around 1188 level where Seems Strong Resistance above 1194 level and also other metals not holding upside. If gold hold below 1205 level we can see a drop Advice to sell gold in range of 1188-1197 sl 1205 TP 1165-1140
Rather let price come to you and increase your probability.I hope you can see the puzzle peaces coming together. Trade safe. OANDA:XAUUSD
Looking for short gold today potential trade coming up soon
just ask me if you didnt understand , but i think it is pretty easy to understand it , see you next trade.
gold has been overall bearish on the higher time frames. this harmonic pattern goes in line withthe overall trend direction. i thought i posted this idea but i guess not. first tp of 38.2 has been reached and awaiting for 61.8 tp to be hit. stops are break even now.
Note: Gold, XAU/USD Gold follows what we predicted previously. Gold having price correction to 20-EMA now. Overall, we are still bearish on this pair! There are 4 trading plans for this trade: 1. Since the price pullback to 20-EMA, followed by a bearish signal, good chance to short with little risk. 2. Wait the price pullback slighlty further to support zone...
Proper structure for short after confirmation.