GOLD - Looking strong at this point of time on bigger time frame as well, My approach should be a buy here at current price 1969 Potential upside 1990-2004 Maintain Stop loss around 1958 Follow the levels properly as mentioned and use proper risk management. Traders, if you liked this idea hit the like button & write in the comment section. Why you should...
inverse head and shoulders ready to buy
So, where is gold headed? Okay so, this week gold has given us a move to the 1960 region but failed to break above it. Now immediate resistance has been made in the 1964-1966 region. How will we approach this situation? If this structure breaks and the resistance turn to support then on the retest we will be looking for price action in 4hr. timeframe as we...
Gold is a buy with SL of 1914 USD CBSL. It is at major trendline support, if broken there can be sharp fall so please follow SL strictly.
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1818.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 45 is not broken, the probability of price decrease...
Gold against Dollar , have been trading within a triangle almost a month , last Friday , it did tries to do escape out of the August Triangle. unsuccessful but made a initiative there to go short from that triangle..this week it may hit the resistance at 1965 area, then the breakout from triangle may happen.expect it go down till 1890..overall anticipating a...
BUILDUP WAS VERY STRONG FORMING A TRIANGLE PATTERN... WAIT FOR THE BREAKOUT ...
XAUUSD is formed bullish pennant shape and along with that i marked the area of supply and demand, this analysis giving idea of bullish movement in the next 2 days of the week.. let see...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1982.30). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Price formed a symmetric triangle pattern and it is about to break the triangle, enter long when breaks the level mentioned in the pic.
Okay, so what kind of situation we are having on gold? We have a break above 1950 region which was an important resistance which is now turned support. Before this market was consolidating in the region of 1910-1950 Now, how we will approach this situation? We have a break of structure on daily we will be looking for long position on the retest of the support...
Dollar index bullish analysis also support the bearish move in XAUUSD this week..
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1818.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1966.0). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...