Xauusdlong
XAUUSD , weekly analysis, Nov 19 - 13Hi traders,
Gold against US Dollar weekly analysis, post election first week analysis shows a bullish view like last week also , this pair looking to go high may be till 1975 - 1980 mark this week, but first few days of the week may see a down side almost it has a chance to touch 1925-1930 price range, then it has all the chance to go up against weaker dollar in the coming days, I hope this may continue to overall November
XAUUSD, weekly analysis, Oct 12-16Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price of 1965 - 1970 area,
Price action analysis is posting for education purposes..
GOLD - DAY TRADE VIEW.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.
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GOLD FULL ANALYSIS!!!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 know it is the best timeframe for entry. So, if we get one of our valid entries then we will be taking long with a very good risk to reward ratio.
Also, we have a wedge pattern break and this break is bullish... So keep updated and follow me for more analysis.
PS - If you want more ideas and signals then personal message me here... I will surely help you
Don't miss the great sell opportunity in XAUUSDTrading 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 dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1965.30
TP2= @ 1954.70
TP3= @ 1929.00
TP4= @ 1906.50
TP5= @ 1863.70
SL: Break Above R2
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ANALYSIS ON XAUUSDOkay, 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 region if we get a valid entry in 4 hr chart...
Plus we have a trendline support too. However, we still have to see the price action in the region shown on chart...
Now, if you need any kind of help PM me