Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622. The overall trend in the...
GOLD Sell Trade Opportunity GOLD is currently, a bearish trend last week was good movement this week expecting movement on the range and currently it's trying to retest Resistance Area this is a perfect point for a sell trade. "Always trade with Stop Loss"
EDUCATION PURPOSE Here i have analysed abt my view on gold. Just learning and making notes of statergies.
Gold bounced but failed to break out from the range. The day began at 1664 yesterday. The price was bounded by a tight 1660-65 range early in the Asian session. It reached the early peak of 1677 at the EU session after Putin's speech. At the US Fed. The announcement, gold has rebounded quickly from the 1653 day-low to the weekly high of 1688. The day...
Gold was steady yesterday near the 2-years low yesterday. The market opens at 1657 back from the weekend. The price was rejected by the key resistance 1680 early in the Asian session, and the price kept moving lower toward the day-low near 1659 until the US session turned active. The day ended up closing at 1675, unchanged from the trading day before. The...
Awaited Fed. rate decision, gold prices remained stable yesterday. The day began at 1675, where the price overall was trending downward throughout the early Asian and European sessions. It cleared the S-T trendline(1) at the US session and traveled all the way to 1660, the daily low from the day before. The day ended at 1664, down by USD 19. 1660-80(2) can be...
Double top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not. If confirmed, minimum target = 1450/1400$ Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell. #fingerscrossed. Happy Trading.
gold to sell when he break down, and if you want you can also sell from retest level.
Gold cleared the 1700 support yesterday. The day began at 1791. The trading was relatively stable during the Asian and European sessions, within the tight range of 1700-07. The price cleared the 1700(1) support late in the US session, pushing the price to the day-low near 1693. The day ended at 1696, down slightly by USD 4. The market has been quiet since the...
Gold pulled back near the 1-week high yesterday. The day began at 1724. and the price was bounded by 1720-30 during the early Asian and European sessions. Once the US released its inflation figures, the price broke out from the uptrend channel(1) and dipped to the day low near 1697. The day eventually ended at 1701, down by USD 23. Although gold fell more...
Gold Sell trade opportunities Gold has broken the Support trendline and closed below with a powerful Bearish candle its a good opportunity to take a sell trade with good Risk Rewards ‘Always trade with Stop Loss
XAUUSD BUY PROJECTION Technical and fundamental Reason for the XAUUSD LONG 1. Last week friday 1d candle closed above the support region of 1710 and denotes the bullish monemtum 2. single candle confirmation indicates bullish as it formed teh Inverted Bullish hammer (Bullish move continued) 3. Formed teh Triangle flag patterna and push higher Fundamental...
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Setup Contains: 1. Bullish Structural Shift 2. Bullish Break of Structure 3. Orderblock Mitigation + FIB 71% retracement FOLLOW PAFX & TRADE LIKE BANKS 💸
Majority of the trend of of gold shows trend is going downwards. It’s clear that bulls have lost the control but we are yet to see if the Bears are ready to Steppin. If 1720 level is not defended on Monday we should see Gold approaching 1680 levels
Gold stayed in a tight range yesterday. The day began at 1748, and the price was bounded within 1745-50 early in the Asian & European sessions. It touched the day-low near 1742 before the US session, then the buying came into the market. The day-high reached 1755, with day ending at 1750. The uplifting momentum has accelerated as the upward trend line shifted...
Gold sunk further yesterday. The market opened at 1746. The price first touched the day-high at 1749 in the early Asian session, and the selling began. It went to day-low 1727 at the US session opening, with the day ending at 1735. The price failed to defend the 1750 and 1740 support on the 1-hour chart, the downtrend channel(1) is still dominating the S-T trend...