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...
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...
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...
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...
Masha allah check my previous chart great achivement.
1st target over 2000$
Gold it's uptrend..
Aim 2000-2500
Always going new high..
small correction can buy still going top .
Hi Gold traders,
Here i am giving you price action analysis of Gold against Dollar pattern, Have witnessed the sideways market on last week .
technical analysis tells us the price sitting at the strong Resistance area at 1810 to 1815, Confluence support area at 1801 may send the price up till 1829 this week , since we closing on end of July can expect a reversal...
Okay so, we have been looking for a long entry in gold!!!
Here's a great opportunity again to buy gold we have to see the market reaction in this bubble region shown on the chart. if market breaks the trend of downside then we will be taking a long for a target of 1735 as an initial target.
So, keep this on your watchlist and let's see if there's gonna be a...
BEST OPPORTUNITY FOR BUYING GOLD IS THIS!!! DON'T MISS THIS GOLDEN OPPORTUNITY!
Take long here for the target of 1740-1770.
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**IF ANYONE WANT A RECOVERY TO THEIR ACCOUNTS THEN DO THIS TRADE!!!!**
PS - I am not responsible for any losses!!
Alright so, what kind of situation we have in gold for the coming week??
If we see Friday's closing it closed pretty high at 1735 level. So, for the coming week 1725-1735 region will serve as a strong buying region and if prices test 1717 levels then it is a must-buy don't miss that great buying opportunity.
While on the other hand 1765-1773 region will serve as...
What is the possible scenario here???
According to me, a W pattern may be forming in the 4 hr chart as we know that GOLD prices are still bullish and also the rejection of the downside is seen again and again in the 4 hr chart.
Also, this region holds support too so, buying can be triggered again here. So, if you have a position open in long then keep it open...
