there was a 30m strong demand zone where I was looking for market to retest, when market came inside that region show some nice rejection sowing buying pressure breaking 1m, 5m and 15m structure showing buying pressure for entry i market a inefficient candle where market accumulated before breaking 1m structure and also it was imbalanced.
Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $...
Hello Everyone Gold Broken His Support At 1714 Now All EYES ON 1705 if break this level then we can accept more down side trend till next support 1680 #dxy is also looking bullish already broken his previews high so we can accept more down side on gold
#xauusddaily
#xauusddailychart
Short XAUUSD | Gold | Technical Analysis
day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40, so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy,
GO for short guys
Dont forget to add stoploss
Happy trading days
#XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit #...
14th of October 2021
Identify, plan and trade:
It's important when looking for a trade to follow a strict plan.
IDENTIFY: We have identified GOLD in line with our trend strategy.
LAN: The 4hr chart on Gold shows the price breaking out of the key range after the recent CPI data. The USD index is falling and giving gold prices a boost. If the price retests the...
What is a Bullish Flag Pattern?
The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend.
How does Bullish Flag Pattern?
The flag pattern resembles a parallelogram or rectangle marked by two...
YOU CAN BUY & sell as per my view.
If market break 1834 than you can make a long position on buy side for target upto 1900$.
if market break on downside like 1813 than you can sell with stoploss & the target is 1805$ and if market goes down again than you can wait for break below 1800$ , it mean if market break 1800$ on down side than you make long position with...
xauusd buy setup found
gold was given a big wick in daily timeframe and madfe many traders crazy, actually i was just retracement from gold on daily timeframe on channel trendllinbe, now it has retested and i can expect a great buy move from gold
