Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1310.50). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Gold finally made a decisive move as it broke out from the flag on the upside changing the trend to bullish after more than 2 months. The consolidation which it was in from past few weeks ended with a massive move of $21 happening on the upside with gold ending well above the psychological $1300 mark. The week was a huge one with the candle having a range of more...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1310.50). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Gold remained sideways trading in its set range with consolidation spilling into 5 straight weeks. The yellow metal had a weak start to the week but ended with gains of $7 without the support of lower dollar as global tensions weighed again. Point to note : Gold has been unsuccessful to give a weekly closing above $1286 after repeated tries over last few weeks...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1279.00). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Gold had a big week ranging over $28 finally ending with cuts of $8 closing near the lows of the week. The metal saw a huge upward rally on day one closing over crucial $1300 which was erased completely by following 4 down days resulting in failed attempt to break through the flag/pattern thus encouraging the bear cartel to persevere with the trend. The rejection...
OANDA:XAUUSD Wait for New Tread break support sell get support buy
Buy Gold between 1290-1285 T1: 1313 T2: 1326 T3: 1340 SL: 1279
At the value low, found the tail where price moving toward the control price. Trader always tries to short at control price but not aggressive. Short selling aggressively good at the excess, therefore at value high I have mentioned the short point. Short Sellers have two points to short, control price at 1293.5 and 1297 nearby. Exit at comfortable...!
Gold continued to consolidate in $15 range but this time the expansion was on the upside unlike the previous weeks, finally closing with gains of $7. The uptrend was halted as the price action created a double top formation directly inverse to previous week’s double bottom formation which continue to suggest the trend still remains bearish in-spite of favorable...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1292.95). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Gold continued to trade in the defined range similar to the previous week ending with cuts of more than $6. The week saw gold getting battered towards the low again as the Fed’s policy outcome was dovish for the dollar. The week again has important fundamental news majorly the U.S – China trade talks which is presumed to be at the last level of round of talks....
Here is what i feel gold can do lets hope for best
Gold is in big bear market and i am giving you an idea and a prediction of what could happen next. exit condition = breaking ema 21 or 1330+ area and just wait for an update. Big bear has not been played out yet
Its highly expected Spot Gold ( OANDA:XAUUSD ) to go further down. We can trade this as normal with 1:3. GOOD LUCK. Always maintain your risk as Shorting Gold is always kinda a risk.
Gold prices kept falling in the channel, Today focus on the NFP deta, Suggest that investors remain short in high, Or Sell Limit at 1276-1278, TP 1260 SL 1290 Follow Me! Show U The Money! --------------------------------Ronnie 2019.05.03 in
Gold made a new low before settling near the highs for the week. Again it was a $20-$22 ranged week where gold posted gains of $13 which can be considered as a retracement from the lows as prevailing situations did not alter much to enable a shift in the trend. The week has important fundamental events with the spotlight on Fed’s interest rate decision which will...