Xauusdlong
XAUUSD Weekly Forecast The weekly is turning up against the 1040 lows from 2015. The daily right side is up against the 8/16/2018 lows at 1159. The 4 hour is turning up against 1451. While above 1566 where the hourly is turning up it can see another high toward 1760 before it corrects the cycle up from the 1040 lows from 2015.
XAUUSD TRADE SETUP 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 setupGold 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 corrects the cycle from the 12/12/17 lows.
xauusd chart According to my wave count ( Elliot wave) we are going to see wave 5 soon after wave 4 will be sone at the level of 1440-1430 so we can have long position from that point by taking stop loss 1400 and target as explained in the chart.
this is just a view which is only for educational purpose, please don't invest until you have some financial advice from an expert.
GOLD IS SAFE HEAVEN!!!!!!!!!!!Hey, We can see that last week's gold prices were flat, but this week it can go down to 1488-1480 again!!!!! but my suggestion is to strong buy at any price close to 1480 for 3-4 days holding and for intraday 1486-1487 will be considered safe. The market will open for down about 2-3$ but it will rally up, I attached the resistance levels too.
A trading opportunity to buy in GOLDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Gold 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 support.
. The RSI is at 70.
Take Profits:
TP1= @ 1433.50
TP2= @ 1526.88
TP3= @ 1625.63
SL= @ 1333.00
Gold Ripe for break of the Ascending TriangleGold looks ripe for a breakout of the asscending triangle . Will be entering on the breakout.
Pattern Targets around 1322.5-1323 levels, but I would be closing off the trade at around 1315 levels which is a strong horizontal resistance. The pattern targets can be considered as 2nd profit taking levels by moving stops to cost.
Gold long trade -XAU USDcmp 1326.4 -plz read Initiating long in gold cmp is approx 1326.4 ---the targets will be above 10334 and higher , plz read the prev post/idea on xau/usd and the points mentioned below
the trade setup is based on higher ti,eframe charts and thus is positional trade
it carries substantial risk
in this trade we are entering early based on certain triggers
The earlier mentioned resistances of 1334 -1340 are still present on upside ,
book profit at those levels
a good stoploss will be below 1318 which means high risk
a decent stoploss will be below 1322
the prices have been volatile recently and thus stoplosses are not ezee to define ---so
ONLY trade with small quantity -----do your risk ananysis properly before initiating trade ....look at risk not profit potential before entering trade , the long trade can also be initiated in other gold contracts the charts are favorable-- personally i will be using a pyramid type setup to enter further positions which may not be suitable for u
Gold BUY golden setup - GOLD MINING with tRexBuy Gold (XAUUSD) above $1300
Ultra conservative traders can enter above $1317. Don't miss the "golden" opportunity of multi yr breakout!
T1: $1355
T2: $1375
T3: $1415
T4: $1450 (for aggressive traders only)
T5: $1500 (for Bappi Lahiri and Dubai Sheiks only)
SL: $1274
good buying zone 1274-77we can long here for target -1331 and 1349 and stop 1265 ,after complete pattern then again buy at 1228 -1230 levels
Gold got a Support !!!!!!!!!!!!!!!!!!!!!!gold has hit the trend line finding support for the third time will this support end the downtrend
here is my outlook for gold
there is good support by the trend-line and as well as 50% fibo (1210.07)
on the uptrend targets 1249.25 and 1275.06
alternate scenario if market breaks lower of the trend line and fibo 50% , expected of a breaking down with targets 1182.58 and 1153.27
CHEERss!!!!!!!!!!!!!!!!!!!!!!!!!!!!
