Possible bearish move gold
:There is still a possibility of temporary retracement to the suggested resistance line (1900/1899).
if so, traders can set orders based on Price Action and expect to reach short-term targets.
take Profits
TP1= @ 1887.2
TP2= @ 1878.8
TP3= @ 1867.8
TP4= @ 1852.0
TP5= @ 1844.4
TP6= @ 1833.0
Gold seems to be moving between the range of 1882 to 1922 $.
1918.92 is resistance at the top
1882 or 1883 as support.
These level can be used for trading on hourly time frame.
my analysis is 30min resistance between liquidity 1hour support so we can expect sell be there and we can confirming by 1minute and 5minute time frame sell patterns.
#XAUUSD weekly bias looks bearish. The seller’s price of interests are 1943.00, 1961.00
The possible targets are 1890.00, 1842.00
These analysis are based on the current market swing and we update our views based on the upcoming future swings
Bullish Scenario
A sustained move over $1927.60 will indicate the presence of buyers. If this move creates enough upside momentum then look for a surge into the major Fibonacci level at $1951.00. Overtaking this level could lead to a test of yesterday’s high at $1976.50. This is a potential trigger point for an acceleration to the upside with the August 6, 2020...
bullish correction on gold, we are expecting gold to move up. due to the geopolitical issues might see whipsaw. price spikes etc.
* use proper risk management
*educational purpose only.
Super breakout above 1780...
Safe heaven... still gives good competition to BTC...
its in uptrend..
levels marked for trading...
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Gold IS currently in Up Trend . It cant Break Weekly Resistant & Closed Inverted Hammer candle Form in weekly candle.May be next week Gold is going Down to 1875 or 1850 level . So My Bias on Short . watch level 1910 to 1900 For Short If Get Confirmation. Let's See How Next Week Will Go. Good Luck.
broke recent swing high and also broke triangle trendline, it bounced from trendline, my view it may come little lower to grasp some liquidity and it will shoots up.
please analyze by yourself before taking any trades
