gold will move upside for longer-term but here before price move upside price need a boost i mean liquidity so for price could move downside again before it rise up side
1810/1830/1840 important level even 1800/1785-80 keep eye on these level
#XAUUSD weekly bias looks bearish. The seller’s price of interests are 1798.00, 1813.00, 1818.00
The possible targets are 1787.00, 1767.00
These analysis are based on the current market swing and we update our views based on the upcoming future swings
first time I spent a lot of time trying to do the analysis using Elliot Principles please give comments whether it can be effective or not
According to my analysis This pattern is triangle and now it is near 1840 to complete triangle wave (d) will come near 1840 to 1753
hello friends you can see in one week chart descending triangle chart will be there thats mens market now neutral if brekout up site then take buy position if brekout down site then we will take short position thank you.
Intraday trading for Monday of xauusd in previous day we face bearish trend but now it just touch their trend line and coming back reversal here I saw in 1 hour time frame it make a doji candle at near around the trend line and then two candle make green after that so that's why my opinion for buy in gold and its take a resistance and Monday it will make a support...
Gold
Shown support many times near 1750
Ready to bounce back
Inside triangle
Buy at 1740-1750
SL 1718
Tgt 1850-1900-1950
Please correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
Gold Was Drop Last week and Get Major level 1885 . If Price Hold That level Gold Go future UP Or Break that Level Go for Short To 1760 Level. Good Luck .
As you can see in the chart gold has crossed Fibonacci level 61.8% crossing all the hurdle and now heading to 78.6% of Fibonacci. As the gold is in between 61.8% and 78.6% which suggests and major resistance located at 1758. In this scenario, we can predict gold will catch downtrend.
Further, Gold is approaching its uptrend resistance, which is indication of...
dxy is breakouted ( reverse possible or not)
i think gold gonna drop more
goodluck stoploss for shorting 1805-1816.
first is one trendline , second one is shadow trendline
A closer look at Gold price action shows XAU/USD continuing to trade within the confines of the ascending pitchfork formation extending off the November / December low. An embedded channel off the January lows (red) has guided the recent advance with the lower parallel converging on initial support today at 1826/29- a region defined by the 61.8% Fibonacci...
After the death cross was confirmed earlier this week, to test critical support near $ 1,805 with a 200-day moving average (DMA) and 50 DMA match, it lasted below the January 19 low of $ 1,810. A break is needed. This level also brings a wedge support line.
The US Federal Reserve (Fed) matched extensive marketplace forecasts even as maintaining the benchmark...
I am short on gold,
As we have seen gold has been rejected 1806,1798 & 1792.
Now if gold rejected 1788 level & break 1772 then gold will teste 1752-1758 Area for getting bullish momentum.
Sell gold @ 1784-1786
TP1 1772
TP2 1762
TP3 1752
SL @ 1798
Move your SL to entry point after TP1
Trade at you own risk.
Have a great day ahead
