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Twin WedgesNew wedge has formed which is identical to previous. Gold has too much tailwind to fall too low. So the wedge seems like the best fit.
-copied previous wedge price action to the right (in blue) as a possible path forward
Short positions OpportunityOur preference: short positions with targets at 1450 & 1350 in extension.
hint: don't put buy limit at this area it may go further
XAUUSD IM NOT SURE TAKE THE TRADE 2% OF YOUR ACC BECOUS OF EVENTWATCH OUT IF YOU ARE IN BOY FROM YESTERDAY TO TAKE PROFIT IN TIME
GOODLUCK!
Crude oil buy opportunity!!!!Hi traders this is my analysis for crudely oil. So last week we startled bottoming out after this big sell off we had in crude oil over the corona virus fears, however we do start the week structured to the upside. So very simply put what we should like to see if we can get a pullback down to broken resistance turning support at the 50.04 level. This will be a a great place this week to start to look for bullish setups and patterns, and if we get the rights kind of setup we’ll be looking to open a long position all the way up to the 53.84 level.
Hope my analysis was helpful for this market.
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As always good luck traders!!!!
gold shortGold fibonacci line 32 to the line after the reaction to Fibonacci 23 Back
In this situation, if the candle's price fibonacci able to do almost went up 23 rejected otherwise are unable to come back at 50 percent
XAUUSD Week Oportunity You can see analysis of Gold.
1. Gold is topped out.
2. Key lvls: 1450 (Short) 1430 (Long) 1484 (Short) 1300 (end of Rally)
Gold forms another pin bar at key support zoneGold – Gold forms another pin bar at key support zone, will it move higher?
Gold has been buoyant and a potential buy at support near and just above 1300.00 key level. We can see that price pulled back last week to 1313.00 area and Gold formed a small bullish pin bar there on Friday, indicating price may bounce higher from that support again this week. More conservative traders may elect to get long down closer to 1300.00 on a signal or a blind entry there. We remain bullish in Gold above 1300.00
GOLDEN BUTTERFLY BEAR |DAILY| LONG & SHORTThis butterfly pattern seats amidst solid support and resistance levels but also there seems to be a tight squeeze that has been broken by bearish momentum.
My usual C point entry has been excused in this case but it could still pull through if the bearish momentum is short term. Time will tell.
Good Luck
goldgold is on major support and also on key level. i am watching it bullish now.
as a price action it has formed bullish candle on major support area, guys dont miss this opportunity now, like and follow me for more future updates.
