XAUUSD W PATTERN REJECTION+DOWN TRENDReason Behind XAUUSD Sell
1. Last Week Core CPI News Make the Asset to Move higher fundamentally whixh make the Break Resis 1940 and Later 1950 and presently located @ 1960 Which Over Immediate Support
2. Clear Rejection Over W Pattern due to Tecnical fIbo retracement @ 1980 which is also our Previous Support which react as major Resis Now
Overall Possible Outcomes
XAUUSD SELL@ 1975-1985
SL 2010
TP 1 1960
TP 2 1935
TP 3 1900
Xauusdsignals
XAUUSD 1H SELL PROJECTION Reason Behind SELL Projection
1. Breaked Support 1910 and retest For further Fall towards 1890
2. RSI 14 Below 50 which trends Bearish Trend IN 1H
3. Stochastic Overbought 5,3,3 Which make the asset Fall
Overall Possible Outcomes
XAUUSD SELL @ 1913
SL 1922
TP 1 1900
TP 2 1890
XAUUSD SELL TREND CONFIRMED Reson Behind the SELL Trend Projection
1. Breaked the Decending Triangle Pattern last Week
2. Breaked the Uptrend Line @ 1930
3. Breaked teh Support @ 1930
4. Black three Crows Confirms the Futher SELL side Movement
Overall Possible Outcomes
XAUUSD/GOLD SELL BELOW 1932
SL 1962
TP 1 1890-1900
TP 2 1854
XAUUSD SELL TREND STRATED 04.06.32Reson behind the XAUUSD SELL
1. Technically Candle stick formed the Bearish Engulfing Which pushes the Safe heaven to Montly Low 1880
2. Bearish M Pattern formed and make the Target to 1880 which break through 1930 which is last week support
3. Fundamentally DXY break the 102.8 and make the continue in uptrend which make XAUUSD lower
Overall Possible Outcomes
XAUUSD SELL @ 1860
SL 1990
TP 1 1930
TP2 1880
XAUUSD SELL LIMIT @ 1945Reason For XAUUSD Fall
1. Breaked Out 1930 and ready to retest 1945
2. Stochastic and rsi indicates Bullish momentum
Fundamental Reason
1. If DXY break 101 and fall then gold will retest 1945 and later 1960
2. If take support here then gold may fall upyo 1899
Overall XAUUSD SELL LIMIT 1945
SL 1960
TP 1869
XAUUSD 1H BUY PROJECTIONReason 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
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
...exactly as we expected ... GOLD rejected from the Fibonacci zone o.5 and reached the zone 1794 as I said!
in this area I will wait for an extended range and I will enter the trade only at a close for at least 1 day over 1793 or below 1760
THIS WEEEK...GOLD has been out of range for the past few months and closed below Fibonacci 0.5 again!
for this reason, even if maybe it will go up and reach the 1790 area, I think that in the next period the new range will be between the Fibonacci area 0.5 and 0.618
however ... a closure even for 1 day over the 1790 area will make me reanalyze the entire strategy
GREAT ATTENTION:
*This information is not a Financial Advice.
GOLD Forecast For the dayGold 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 1650 area. Afterward the metal can correct the cycle from the 12/12/17 lows.