Gold finally break thru the highs of 1970. up to 1980 and 1983. I am not planning any long below 2000- Will get ready for sellers possibly tomorrow with Inflation of US. Keep tuned for tomorrow´s analysis.
Go through the analysis carefully, and do trade accordingly, -POSSIBILITY-1 If price breaks 1955-1950 area (i.e. Support area ) and stay below 1950 area, we will place Sell order in gold with target of 1940,1935,1920,1900,1886 & stop loss should be placed at 1970. -POSSIBILITY-2 If price breaks 1975-1980 area(i.e. resistance area ) and stay above1980 area, we...
triangle formation is a chart pattern formed by drawing trendlines along the highs and lows of price action. This pattern typically indicates a period of consolidation in the market, with decreasing volatility and narrowing price ranges, as the forces of supply and demand become more balanced. Ascending triangle: This pattern forms when there is a horizontal...
It has been really hard to see a good plain setup on gold unlike last week, this is probably due to news. However this is what I been noticing and I will only jump into trades after more than two confluences !
took second entry on sell side. Use proper risk management. Thank you
Gold price seesaws around the top line of a five-month-old bullish channel, recently supported by the 10-day EMA. It’s worth noting, however, that the smaller gap towards the north joins descending RSI (14) line and easing bullish bias of the MACD signals to keep XAUUSD sellers hopeful. However, a clear downside break of the 10-day EMA, around $1,955 by the press...
Since the supply zone has been reacting so well in GOLD, The best thing to do is sit on the hands and wait for gold to come back to supply so we can see good setup in LTF.
I see a rising wegde formation on XAUUSD are we seliing or buying....? I took a sell position, I am still holding.
still on trade till sl or tp hit. also marking second entry point. In 15m chart. price is showing a W pattern. so use proper risk management. Thank you
Go through the analysis carefully, and do trade accordingly, -POSSIBILITY-1 If price breaks 1955-1950 area (i.e. Support area ) and stay below 1950 area, we will place Sell order in gold with target of 1940,1935,1920,1900,1886 & stop loss should be placed at 1970. -POSSIBILITY-2 If price breaks 1975-1980 area(i.e. resistance area ) and stay above1980 area, we...
Price approach at area of value and made trend reversal pattern formation of higher high
entered into the trade. Use proper risk management. Thank you
We saw XAUUSD Short Because, XAUUSD Ascending Trend Line Breakout or 50% Retracement Complete.
Today, i want to talk about GOLD. There is a good price action on it using MMM. it has given us PEAK FORMATION LOW and LEVEL 1, so we will be anticipating for LEVEL 2
Gold is trying to pull down. Making M pattern in 5m chart. we set our sell stop. Use proper risk management. Thank you
U.S. CB Consumer Confidence number are bearish for GOLD . Still, i am on SELL bias because of Fundamental scenerio. Testing again with Small Lot Size. Ealier Trade booked 50% at 50 Pips..
U.S. CB Consumer Confidence number are bearish for GOLD. for USD its bullish Hence i am taking a SHort
Still on trade. book your profit and make sure you get some profits. Use proper risk management. Thank you