Gold US$ / OZ good conditional long tradeGold US$ spot if manage to close above 1755 go long for 1797-1819-1833
conditional trade to be executed only above 1855 levels,,
spring candle formation on daily time frame,,, symmetrical triangle support above 1755
bullish divergence in RSI and MACD,, good long candidate
Goldidea
Trading Signal For GOLD Trading Signal:
A Trading Signal is seen in the GOLD XAUUSD
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 1784.8
⭕️SL & Sell 1773.45 (Sell Target 1748.85)
🔵TP1 @ 1806.8
🔵TP2 @ 1831.7
#Pullback_Strategy
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GOLDGold has given a positive breakout with good intensity of volume, all key levels are mentioned on chart,
one can go long at current levels or in dips (if any) with stoploss of 1803.75
key levels are mentioned on chart
intensity of volume is good at breakout candle
macd in daily time frame
macd in hourly
macd in 30 minutes
dmi and adx positive ungali in 30 min
rsi in hourly uptick
rsi in 30 min above 60 and uptick
bollinger band challenged in 30 min time frame
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
💡Don't miss the great sell opportunity in XAUUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 1829.45
TP2= @ 1813.75
TP3= @ 1791. 05
TP4= @ 1772.60
TP5= @ 1750.65
SL: Break Above R2
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GOLD Inverse Head and Shoulder Pattern - Short Term 2 -3 monthsGold is forming a Inverse Head and Shoulder Pattern. Once the neckline s broken we can see a surge in gold price.
Entry :- 48700 - Buy after neckline breakout ( should happen around 48600-48900 range)
SL :- 47200
Target :- T1- 51500 , T2- 53200