majexx

majexx

Although xauusd is negative in monthly and weekly time frame, in daily time frame i see a Head and Shoulders formation possible. The reasons listed below are what make me say gold will grow at least to 1807-1814: 1- D1 bull Engulfing Candlestick Pattern. 2- breakout of H4 down trendline. 3- H4 MacD Divergence 4- 1807 is the top of the left shoulder I expect a...

majexx

In my opinion there are two scenarios can happen on XAUUSD the next week regarding a several circumestances as follow: 1- there are still 3 days for the monthly candle which is still bullish and over the 1780 pivot point of the Oct green candle, besides, the new variant of covid-19 factor. Which means that the price will grow in the first 3 days of the becoming...

majexx

In my opinion gold is making a confirmation to come up back for the following reasons: 1- A D1 Shooting Star 2- Double buttom pattern on H1 chart 3- the price tried to pass the support of 1777-1880 a couple of times and got rejected I think tommorow the price will try to pass the support again and if it fail to pass it the price will rise, but it has to break...

majexx

As i expect in my first idea yesterday, XAUUSD did the fall faster than it moves in Mondays regularly. Now it passed the 1828 weekly last high, and rested around the daily last high around 1807-1815. In my opinion i see gold is going to touch the buttom of the daily trendline around 17995-1800 (the Psychological support and the 3d weekly pivot support) before...

majexx

Hello traders If we see in Weekly Chart, we will find a valid declining trendline where the XAUUSD respected in the last 2 weeks (in blue). Also there is a rising trend too in the same timeframe (in blue). Also in Daily chart there is a rising trendline (in red). On 4h timeframe we can see a broken out triangle to the downside with a last Resistance nearly at...