confluence - RWH touched of previous week , and consolidated/distributed for like 1 week straight, mark down divergence in (4 hours TF and daily TF!!) , got a big stop hunt in us brinks - Thursday (second leg of the M) , a lot of 4 hours stopping volume coming at the top , broke this M pattern and touched the RDL (mean we have completed level 1 of this M pattern...
This is 4 Hour trade pal for Gold XAUUSD. Before taking entry, clearly follow 15min chart pattern
From a technical perspective, repeated failures near the $1,810-12 resistance zone and the subsequent fall on Friday suggests that the recent positive move has run out of steam. This might have already set the stage for a slide towards testing the $1,762 support area. The corrective pullback from multi-week tops could further get extended towards October monthly...
Gold may have completed a yearlong triangle consolidation and has broken upwards. It is now in its 2nd day outside of a downward sloping trendline. Wave e is around 1721, with this as a stop we should expect a rally to new highs. Silver is already showing strength as discussed in the earlier post. Gold may be joining the upmove now.
XAUUSD went the opposite of the previous zone because it broke a major supply zone. Now, it may consolidate in between the 2.618 to 3.618 level on Fibonacci Channel.
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sell gold @ 1777 sith sl 1783 tgt 1763 or below trend show delince patteren with start moving up on if it cross 1788
XAUUSD has been following the Fibonacci Channel for quite a long time now. It already hit the 3.618 level on the channel. Now, it has tested the major resistance trendline (black one). It might test it again and then fall to the 4.618 level, which is around $1750.
XAUUSD might reverse from here and go for level 2 of 15 min cycle, which will continue with level 3 of 1 hour cycle
DAY LEVEL : Did a trend reversal, gave a pullback yesterday at day level and is bound to make HH. 4H : Straight bullish for the last 8 hrs ( 13:51 IST as i am writing this ) Either can scalp by entering positions for long at 14:30 4H close by keeping 1773 as SL and nearest seller as the TP ( 1787 ) OR wait for a proper pull back that happens after it hits...
XAUUSD : Too many levels and too many opportunities but TIMING IS THE MOST IMPORTANT FACTOR. Don't trade in the middle, trade at the levels when market will be in our favour. Option1: If market bounces from the support zone of 1750-40, we can BUY. Option2: As the market has...
every time we make a new level of 1 hour cycle we always make it with 3 level of 15 min cycle but since there was no 15 min cycle in that spike therefore we cannot say that it was level 2. we actually got clear 3 levels with this recent pump and we have already completed retrace of 1 hour level 2 cycle or (15 min 3 levels cycle) and we didn't break lvl 1 low (1h...
Gold alomost reched the high after the fomc speech.Now loacted at the resistance zone and from here steeping towards the strong support zone 1750.70.Overall Gold is in Down trend
Hello guys i had find this trading setup in 4h timeframe which is taken trendline support and also broken buildup we have a good buying opportunity when its price come for retest of buildup with very low sl and above tg at near resistance also please do your own analysis before taking any trading decision if you like my trading setups like share follow and dont...
expecting gold to reverse back down after this upward move beacause of the obvious imbalance. We all know that the market loves to correct those. Will be observing how the market reacts to that zone and when I get confluence for the drop, will dive right in! Currently in profit for the long position and already took partials at TP1.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1765.5). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum until it cross 1790 and stay there. A break above this area would place buyers in a good position to try and tackle 1,800, at which point resistance is likely to be met on the way up to the 61.8%...