XAUUSD - Do you think GOLD will go further down?
Trend: Buy/ Neutral BUT IF..
Support/Resistance:
R1: 1480.428
S1: 1459.407
S2: 1407.433
Price action:
Sellers weekly candle end up very powerful from sell side perspective. Buyers might get away for a while, but if they're able to hold under S1, then trending will show who from the market paticipants is more powerfull. If the price break below S1, then we might see potencial sell targets to S2
Potencial trade idea:
Bulls targets:
T1: 1480.428
Bears targets:
T1: 1407.433
NOTE – We are trading XAUUSD via the preferred trading setups
ELITEFXACADEMY
Disclaimer2: Our view on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Trend: Buy/ Neutral BUT IF..
Support/Resistance:
R1: 1480.428
S1: 1459.407
S2: 1407.433
Price action:
Sellers weekly candle end up very powerful from sell side perspective. Buyers might get away for a while, but if they're able to hold under S1, then trending will show who from the market paticipants is more powerfull. If the price break below S1, then we might see potencial sell targets to S2
Potencial trade idea:
Bulls targets:
T1: 1480.428
Bears targets:
T1: 1407.433
NOTE – We are trading XAUUSD via the preferred trading setups
ELITEFXACADEMY
Disclaimer2: Our view on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.