Current price of the XAU/USD resist on it's Bearish resistance price @ 1301.81 from 50 SMA. From this bearish channel setup, It's expected to be in bearish trend for upcoming week until price @ 1286.32. Then there is a chance to get extented target price @ 1266.75 after some bullish corrections.
OUR CURRENT POSITION GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385 SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show...
OUR CURRENT POSITION GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385 SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed) At the moment of writing this...
In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict and could affect gold and silver prices in short term and that seems to...
xauusd shorting area ! will be looking it for a potential trigger .....
probabilities! looking for an entry triggers in this area folks.....
Short gold below 1330 T1: 1320 T2: 1300 T3: 1290 SL: 1340
Short XAUUSD at CMP (1273) T1: 1265 T2: 1256 T3: 1247 SL: 1282
After breaking the trendline Gold is moving in a bear flag, potential break to the downside will bring 3000 to the question and tomorrow's positive move from Fed will break this level to erase all the gain from last weeks.
profit booking continue , we saw xauusd over sold till Friday so,
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...