not comfortable going long too much resistance on left on htf this short has good RR Make sure to Be it can flip bullish anytime too
neutral because it has potential for both sides ! my trigger is 30 minute support or breakout my enter will be on 5 minute flips
OANDA:XAUUSD XAUUSD gold has created inverted Flag and pole and it has a multiple rejections at 1823.981 which is an important level, if it breaks the level and sustains then we can plan for buying side.
Reason For XAUUSD Buy 1. Breaked the Resistance of 1830 and retest again for Further Pullback 2, RSI 14 Above 50 and further upside Move 3. Stochastic oscillator Below 30 and tends to future Bullish Movement
Technical Reason Behind the Buy 1. Retest the Support and trendline of 1830-1840 after the Huge Fall 2. If the Market retest tehZone of 1830 then See a Clear Strong Sell Candle which make the THree strike whiteline Pattern Formation and make the Further buy Fundamental Reason 1. Dxy clear Downtrend in 1d candle and Make teh short Buy correctioj ober 103.8...
#XAUUSD We may see a correction upto 1860-1830 If it is rejected from 1910-1920 level
XAUUSD Overall Outcome 🔹FX SIGNAL GOLD SELL 1744.20 SL 1751.12 TP 1728.50 ReASON For SELL 1. RSI 14 @ 50 and tends to be bearish 2. Stochastic indicator is over bought and tends to be bearish ans retest the yesterday Low of 1731
Reason for XAUUSD 1H Bullish 1. Stochastic Oversold in 1H Time frame and tends to Bullish 2. RSI 14 ISabove 50 and Bull trend in 1H 3. Clearly Obey Fibonacci retracement of 1669 whicj is golden ration 4. Retest the yesterday Low and make a Bullish GOLD BUY 1672.80 SL 1665.00 TP 1681.50
Reason For XAUUSD Sell GOLD SELL 1652.28 SL 1659.00 TP 1620.50 1. Fibnoacci Support @ 1654 2. Retest Weekly low as the Technical Factor 3. RSI 14 below 50 and tends to sell 4. Stochatic overbought In 1h
XAUUSD 1H SELL PROJECTION Reason behind Fall RSI 14 above 50 and make Bullish in 1H time Frame stochastic Indicator indicates Overbought an tends to Fall Possible Outcomes GOLD SELL 1668.28 SL 1678.00 TP 1648.50
This is for long term Before entering your trade do your own research!
gold is getting strong from intraday perspective, not only gold but GBPUSD (since they have co-relation). i think its will be a nice trade since they both are also forming ascending channel. NOTE : only for education purpose. ALL THE BEST!
Gold Today Move,Gold Continue Sideway So carefully Take do Buy and sell
One day candle shows a clear consolidation. There is a major support and resistance. Support at 1916.006 and Resistance at 1938.818. The Blue and Red arrows indicates the number of rejections as support and resistance respectively. If the price breaks the support levels then the price will fall to a target at it next support level 1907.043 and further down to...
confluence - RWH touched of previous week , and consolidated/distributed for like 1 week straight, mark down divergence in (4 hours TF and daily TF!!) , got a big stop hunt in us brinks - Thursday (second leg of the M) , a lot of 4 hours stopping volume coming at the top , broke this M pattern and touched the RDL (mean we have completed level 1 of this M pattern...
XAUUSD Long R/R: 1:3 I think Strong Support, Bullish Engulfing Feel free to share your opinions in the comment!