Gold is favored to have ended the cycle up from 8/16/2018 lows where the daily right side is up. The 4 hour is turning down against the 2/24/20 highs at 1689. While below there the metal can continue lower to correct the cycle up from the 8/16/18 lows.
Price broke 1.1110 level support level, It will continue to fall in the future. Investors are advised to remain short, TP1 1.0950 TP2 1.0870 Follow Me ! Make More Money! --------------------------- 2019.08.01 in
Gold as been on a bullish trend for weeks, Price found its way to the 61.8% fibonacci zone, this is clearly a retracement for new coming highs, I expect Gold to reach new highs in the coming future(1700) but for this trade i would be looking at a 1;1 risk to reward ratio first which would be at 1685. The trend is your friend, trying to short at this level isn't...
Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. The 4 hour right side is up against the 1/14/20 lows at 1535. While above 1547 where the hourly right side is up the metal can see strength continue toward the 1670-1700 area before it corrects the cycle from the 1/14/20 lows.
XAUUSD Weekly ... trade at strong res point between 1682 -1688$ Might be good down fall will come from this level for 1648 -1611 -1578 - 1534 and more REGARD ... just my view for leaning
1642 is a good support for Gold too, use it as stop for long positions and if broken, shorts can be initiated for an immediate target of 1631 followed by 1619. 1650 can be used as stop. 1642's rupee equivalent would be 42300-350 level. Fresh longs only when (and if) 1650 is exceeded decisively.
Pivot: 1573.00 Most Likely Scenario: short positions below 1573.00 with targets at 1564.00 & 1560.00 in extension. Alternative scenario: above 1573.00 look for further upside with 1577.00 & 1580.00 as targets. Comment: the RSI advocates for further decline.
Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended ended a wave B at 1593 where the hourly is turning down to correct the cycle from the 1611 highs. While...
long term buy ..buy the dips mark the key areas and wait for the good entries
Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended correcting the cycle lower from the 1/7/20 highs at 1611 with the bounce to the 1588 highs where the...
The most used Stop loss levels of retail traders are marked on the chart. These levels act as natural Support / Resistance. You can follow me to see the Stop Loss and Limit Order order levels available for 8 large pairs.
Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can continue higher in wave I toward the 1700-1750 area before it...
If price breakout from consolidation area, good opportunity for sell
Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can continue higher in wave I toward the 1700-1750 area before it...
Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can continue higher in wave I toward the 1700+ area before it...
Part - 2* - Count is Still Valid !
Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can continue higher in wave I toward the 1700+ area before it...