As I said yesterday, Gold could have a new leg of correction and, indeed, XauUsd has risen and is trading above 1750 at the time of writing. However, I don't think this is the beginning of a bull trend and more likely a correction. As I mentioned before, 1760 zone should provide strong resistance and around here I will look to sell
Just my idea of gold. Let's see how it plays out in coming weeks
Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the orange channel, waves 1, 2 and 3 are complete and wave 4 is forming. For wave 4, we considered two price targets (Fibo 0.38 and Fibo 0.50). Fibo 0.38 is not completely broken yet, but if it breaks, the...
I closed my gold buy with great profits. Im afraid that gold will fall to retest the support line from sunday before going for the move up! The Chart Pattern is a Rising Wedge Reversal Pattern on the 15 min time frame. I may put a sell stop at the breakout of this pattern!
Hello traders, Gold in weekly timeframe . This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe. Based on the previous waves, we are inside wave 5, where waves 1 and 2 are complete, and we are inside wave 3, and we considered wave 3 to be an extended wave. Due to the sharp fall of recent days, gold is currently in the...
Hello traders, Gold in daily timeframe, this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the orange channel, waves 1, 2 and 3 are complete and wave 4 is forming. For wave 4, we considered two price targets (Fibo 0.38 and Fibo 0.50). Fibo 0.38 is not completely broken yet, but if it breaks, the price...
As long as level 78 is not broken You can use the SELL position SL : Breakout bar fibo 78 TP : 1717 GOOD LUCK
Hello! The gold price is currently in a correction, which is likely to continue to the red trend line. Further, I expect, as indicated in my previous ideas, the downward movement will continue towards my main target of 1640. I believe that now it is better to look for a place to sell profitably. Let me remind you that the intermediate goal of 1700 was achieved...
As we can see, the price is in the resistance range and the probability of falling is very high. what do you Think ?
A short to 1717 and below is highly feasible on this particular commodity pair. Technical readings are extremely bearish across all avenues.
it just a trading experience that I have. could it be correct? let see
Hello traders, Gold in weekly timeframe . This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe. Based on the previous waves, we are inside wave 5, where waves 1 and 2 are complete, and we are inside wave 3, and we considered wave 3 to be an extended wave. Due to the sharp fall of recent days, gold is currently in the...
Yesterday we pointed out the opportunity to sell on GOLD. Price is currently 15$ cheaper, but there's still a 30$ move to the target of 1700! For those of you who managed to get involved yesterday, you can now move your SL, and if you're currently looking to enter then make sure to place your SL above 1755. In case of a downside impulse, then we will be...
Hey traders, here is the analysis for the XAUUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. (Disclaimer - This is not financial advice)
After the Bear shocked everybody by slashing the market early Monday morning (Asian session), the storm has calmed a bit and for now the price resting at 1735 area. Damage has been done. A lot of accounts blown up, but the bear must continue it's path down. Looking at the strike that cross the LB Quarter and touch 1687ish, the bear must find it's momentum down...
I think the 1745 rate is good for investment ENTER : 1745 OR 1746 SL : Breakout bar 1746 TP1 : 1725 TP2 : 1688 GOOD LUCK HADI DERAKHSHAN
After dropping hard Monday on Asian session, as normal, Gold rebounded and filled the gap. At this moment XauUsd is still in a correction phase and a small leg up is not out of the question. However, considering the power of the drop I will not trade on the long side but look for selling opportunities. As I mentioned yesterday, 1760 zone could be a good place for...
potential sell setup: en 1740 sl 1745 tp1 1730, if price breaks below continue to sell tp2 1722 max tp 1715 looking to sell gold due to the bullish strength on the US dollar (dxy) if gold cannot remain above 1740 SELL! 1st target is 1730. this is a major support zone. keep in mind this is a 30m time frame set up. i trade gold during LONDON / NEWYORK...