GOLD ranging...and UP AGAIN
As I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to level 618!
however ... a closure even for 1 day below 1754 will make me think of SELL until 1688!
GOLD rejected from the area indicated by me last week and will continue to range between 1762-1795 in the next period!
any closure below or above this area even for 1 day ... give the new GOLD trend for the next period!
THIS WEEEK...as I said ... GOLD rejected again from the Fibonacci 0.5 area and remained in the range specified by me last week!
this week I am preparing for BUY at the first closing even for 1 day over 1795 to 1836
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GREAT ATTENTION:
*This information is not a Financial Advice.
Xauusdsignal
XAUUSD (Signal) for June 15, ISTThe Decreasing Momentum and Rising Inflation.
Gold is Expected to be Down Today. (June, 15, 2021)
The Rising Inflation is the killer for Gold Price Action Momentum.
This is the Reason of Depletion of Momentum.
Traders are in Extremely Fear Sentiment.
The Current Momentum is suitable for Scalp Traders.
Currently t the Time of Writing Price Action is lying in the pivot range.
Overall Strength Bearish.
Expected a 1.20 Dollars Up from the opening and 6.00 Dollars Down from the Opening or from the 1.20$ Up to Down 6.00$.
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BIG CHANCE TO BUY GOLD | CHECK AND CONFIRM MY ANALYSISDear Trader,
XAUUSD have strong key level between 1845 to1860 and its completely broken with strong bullish candle.
Also With Respect to Down Trendline it also broken with Strong bullish candle and now its retesting broken key level.
So its confirm that its going to more BUY and we have best chance to BUY GOLD.
We will take BUY order with Strong Stop loss ,
BUY GOLD (must use low lot size as per your balance )
TP 1 : 1878.254
TP 2 : 1904.195
TP 3 : 1960.00
TP 4 : 2015.00
TP 5 : 2072.588
Strong SL : 1800
Hopefully you will be gain more Profit.
Good luck Guys.
Thank you.
GOLD FULL ANALYSIS!!!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 know it is the best timeframe for entry. So, if we get one of our valid entries then we will be taking long with a very good risk to reward ratio.
Also, we have a wedge pattern break and this break is bullish... So keep updated and follow me for more analysis.
PS - If you want more ideas and signals then personal message me here... I will surely help you
XAUUSD W pattern in formation!!!!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 otherwise do not short and once we get reversal i.e. prices move above 1747 levels and get stable we will be entering in long for the same target of 1765 and above this time.
BUYING REGION - 1727-1747.
PS- DO NOT SHORT THIS PAIR!!!!
Stay tuned and follow me for more updates :)
GOLD SHORT TRADE SETUPThe 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 !
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.