This is for xauusd/ dollarIn bullish Market
Wait for break trend line
Break will be on :- 1932
You can take trade on :-1932
Target NO 1:-1935.05 SL :- 1925
Target NO 2:-1939.49 SL :- 1925
Target NO 3:-1950.28 This target maybe take 2 to 3 days.
| Friends qty matters |
| THE MORE PROFIT YOU WANT THE MORE QTY YOU HAVE TO TAKE |
! HIGH RISK = HIGH REWARD !
DON'T TAKE TRADE UNTIL IT BREAK THE TREND LINE
Goldtrading
Short Gold Based on the current scenario we can clearly identify that Gold is approaching a major breakdown as it has its downtrend resistance at 1950, considering that we can acknowledge 1944 as a reversal point and soon in upcoming time we can expect this bearish trend to test all the levels up to 1890.
The Best thing is to stay bearish with a stop loss 1950, and if it breaks the 1950 level and the next 1 hr candles survive over it we can consider it as a successful breakout and then be bullish again considering this as a minor pullback.
So right now it would be best if we sell gold, trade at your own risk.
GOLD Gold retraced 61.8% of previous rise, it tooked support perfectly from 61.8% and lower bollinger band on daily time frame, and it had once again managed to hold above the RK's stop loss line on the closing basis, after taking support & closing that doji type red hammer candle, next candle closed positive and also given good follow up upwards, also buy signal generated in RK's Magic Buy.
Most possibly it is confirmation that reversal started now and may be wave ii completed and wave iii can unfold.
retraced 61.8% levels
macd in hourly positive above zero line
macd in daily converging towards upwards
rsi in hourly uptick
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Bearish Flag & Head & Shoulders Patterns on Gold What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Head and Shoulders Pattern
Bearish Flag Pattern
Trading Setup:
There is a Trading Signal to Sell in Gold XAUUSD.
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 1944.77
⭕️SL: 1968.26
🔵TP1: 1877.45
🔵TP2: 1850.00
🔵TP3: 1800.20
previous signal
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Monthly candle in gold seems bullish patternThere is a classical pattern (cup and handle) found in Gold for long-term journey.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Monthly Candle in Gold seems bullish for longtermThere is a classical pattern found in Gold for longtern journy.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones to take entry with small stoploss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
GOLD FUTURES ANALYSIS Hello, gold futures analysis on 2hr chart buy: 52,000 target: 53,200 stoploss: 51,750.
LOGIC BEHIND TRADE : Gold futures has formed W pattern on 2hr chart & given breakout of resistance, buying on pull back is strategy RR is good in trade (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. MCX:GOLD1!
GOLD Buy Trade opportunityGOLD Buy Trade opportunity
Gold is currently in a bearish trend expecting to change the trend on major support level on 1870 area if market make a very strong bullish candle on support line so it will be a very nice point to take a buy trade with very good risk rewards
"Always use Stop Loss"
Trading Signal For Gold What are these signals based on?
Head and Shoulders Pattern
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Trading Setup:
-There is a Trading Signal to Sell in Gold XAUUSD
-Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️ Sell now or Sell on 2007.9
⭕️SL @ 2033.61
🔵TP1 @ 1937.9
🔵TP2 @ 1903.76
🔵TP3 @ 1850.0
previous signal
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GOLD, XAUUSD LONG TERMDirectional Bias: Bullish
Pattern Type: Continuation
Pattern Description: This pattern occurs within the context of a longer
uptrend and is characterized by the price forming a u-shaped cup with a short
handle on the right. The duration of the cup should last at least 7 weeks if
using a daily chart.
Volume Description: Volume will typically follow the shape of the cup, with
high volume as the left lip forms, falling volume as the bottom of the cup
forms and rising volume toward the right lip and on the breakout.
Breakout Confirmation: A close above the upper trend-line drawn across the
handle with above average volume.
Measuring Technique: The price target is obtained by measuring the right lip
to the bottom of the cup and then added to the price level of the right lip.
Statistical Notes: The pattern has a low failure rate but doesn’t move as
strongly as other patterns. Patterns with shorter handles perform better than
longer handles, and deeper cups with the left lip slightly higher than the right
lip perform better.
Gold at 2600?From 1150 level back in August 2018, Gold rallied up to 2075 highs in August 2020. After that peak it corrected to 1860 in March 2021. 1860 became the short term bottom for the price as price found support there twice in March. Later in August and September price found support twice in the 1730 zone as marked on the chart. The bullish flag pattern would remain valid if the depth of the flag retracement holds above the 50% level, above 1600. It seems that price has closed above the down trending line on the weekly chart.
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Price action in the daily timeframe could again pullback in the flag area and consolidate further before moving ahead and breaking out. This is not a short term trading but an investment idea, the target projected from the mid of the flag would be close to 2600 and should be achieved within 2 years from the point of a successful breakout. One could accumulate slowly at current levels.
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