XAUUSD is moving in a particular pattern & respecting the support and resistance levels
SELL LIMIT XAUUSD 1696 -1698 TP1 - 1690 TP2 - 1680
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...
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...
We have been bullish on gold lately. This time we have reached out take profit zone also strong resistance will be provided here. So, if you have a long position open then take your profit here and we can take a short from here to 1700-1710 level as our take profit. This is the whole idea for now. STAY UPDATED !!!
Yesterday, gold prices retraced back to 1740 region. Now, as we said earlier that anyone who took a short according to previous analysis then it's a good time to take profit here. As gold is a highly bullish pair for now. We might have to see the market reaction at these two points that if it hovers over this 1730-1740 area for some time and our strategy...
Okay so, on Friday we have seen day closing at 1741 with 1751 high. We can see that resistance is provided at 1750 level and is expected too as this region holds multiyear resistance. So, we have taken a short here as we said in our last analysis on gold. But, on the other hand we need to keep in mind that gold is highly bullish and a little overstretched towards...
XAUUSD pair last week finished with higher price of 1747 from 1692 , Gold demand has been increasing because of pandemic from March onwards and it still continues, last week momentum clearly shows the pair's urgency to cross 1800 mark and its is in the sight. But this week it may stops by the strong resistance area @ 1750 and it may keeps the gold down for some...
Okay, so gold has been confined in the triangle for almost 1 month. It constantly made lower highs and higher lows!!! And 1670-1685 region holds some strong support as price tested this region so many times but always made recovery from there. Also, 1610-1615 region is tested too many times also. It is clear that if this triangle breaks above then first...
The 4 hour right side is up against 8/16/2018 low (1159). 1 hour is turning down against 1739 high. Near-term, while bounces fail below 1739 high expect Gold to extend lower to correct the cycle from 8/16/2018 low in 3, 7 or 11 swings before upside resume. SHORT GOLD @1700-1704 TP: 1680 SL: 1715 GOOD LUCK !
The triangle pattern is broken in gold and we are now looking towards 1740 target. It's a great buy opportunity. We have been waiting for this triangle to break this whole time. It happened today. :) After 1740 immediate resistance will be provided at 1760.
After Friday's doji prices are falling but got a good support at 1705. Prices may take a downway to 1678 approx. which holds a strong support, if broke this then we may be seeing 1640 levels or may be all the way back to 1600 AGAIN!!!! but this have low chances due to the bullish pattern. So, 1670-1680 will be a good place to buy gold again with a target of...
Reason for the trade is simple 1) Double Top in 30 mins as well as daily 2) Break of the neckline 3) Retracement to Golden Zone
Xauusd breaks the trend line in 4 Hrs chart and retrace the broken resistance, If breaks the below support levels then we can expect gold to 1470 ounce.