Xauusdanalysis
First Long and then short in XAUUSDCurrent market in running between long term parallel lines, now moving to reach parallel resistant, then there is heavy probability of trend reversal upto level of 1820, that means you can hold buy till market reaches 1912-1915, then there must be a reversal, after trend reversal, XAUUSD may come to 1820 but it may take a while
And please be active at 07:00 PM , for USD pair, it may make unusual fluctuation
have a good trading day guys..
Xauusd signals hello guys
as i can see gold strong rejected by resistance 1815
gold may be go down for long time bcoz dollar also touch our uptrend line. its mean dollar go for up and gold go down
dollar is getting more strong and in history when dollar was try to become strong gold always go down
thank you
stay with me for next signals
Gold Trading Plan for 3-4 Feb 2022OANDA:XAUUSD has been trading in a very tight range over the past 2 day - which can be observed from the markings on my chart.
The Day Highs and Day Lows of the past 2 days have actually been roughly the same.
This makes the Previous Day High (PDH) and Previous Day Low (PDL) from today's perspective very good breakout levels - which I have marked on the chart.
The zone between these two price levels is a strict "No Trade Zone"; this has been marked on the chart as well.
If XAU/USD crosses/opens or stays above the PDH , we will be looking for long opportunities and if XAU/USD crosses/opens or stays below the PDL , we will be looking for short opportunities.
Entry criteria:
Bullish case: Breakout above PDH on 5 minute chart to be followed by retracement which in turn would be followed by a 5 minute candle close above the DAY HIGH. Since the market has already opened with a gap now I will only be looking for a retracement followed by Day High Breakout.
Bearish case: Breakout below PDL on 5 minute chart to be followed by retracement which in turn would be followed by a 5 minute candle close below the DAY LOW.
Stop Loss criteria:
Ideally the stop loss should be palced just below (in bullish case) or just above (in bearish ) the nearest retracement on the spot chart; this is a just a guide though - in some cases you might actually have to deploy your own discretion.
Take profit criteria:
One may book 1/3rd quantity at 1:1 RR, 1/3rd based on 5 minute candle close above EMA 15 (in bearish case) and below EMA 15 (in bullish case) and 1/3rd based on dynamically adjusting stop loss based on typical trend trading strategies. Also after 1:1 RR has been acheived one may choose to adjust max SL to cost.
Please note the given zones are valid only until the end of the day.
For today, I am biased towards the upside. But like always - I trade the price and the system and not my expectations.