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XAUUSD | Possible Retracement Please support this idea with LIKE if you find it useful. Price is an Ascending Channel and currently was supported by the lower boundary of the one. In case we cross the 50 MA to upward we can initiate a long position. Setup will be invalidated if we have a breakout of the Ichi Cloud support zone. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDLong
by Anpu
21
XAUUSD: This is What You Need to Know Before Trading GOLDWow. There's so much going on here on Gold from a technical analysis perspective. In this idea I will walk you through all the important things you need to know before trading. The start this off, the nice thing about trading gold right now is that there is so much volatility in the market. Many months of perhaps years of price movements get condensed into just one or two months! We get to see very interesting support and resistance zones from quite some time back that come into play again here. And the beauty is that many people might have forgotten about these. I added them to the chart again so you can have an edge over other traders who did not spot these. Let's work our way from the top to the bottom. Resistance around 1775: This resistance comes from the last surge in gold price that began all the way in 2008 after the financial crisis. This resistance was first hit in November 2011 and showed to be very important multiple times quickly thereafter. It is not likely that the price will break through this resistance in one go, so if the price starts bullish on Monday we can expect a few attempts on this zone that we can monetize with a short each time. Support level 1: This is a crucial area at this moment, because the price has just fallen back a bit into this area. The first crucial question is, will the price start oscillating between support level 1 and 2, or will it move between support level 1 and the resistance? To answer such a complicated question, I looked at markets that are open at the weekend since nearly all markets are so heavily correlated at this moment. When we look at the digital new gold bitcoin , we see that the prices have consistently been going up over the last few days. I expect the price to bounce off this support zone and start trading in the upper area. Support level 2: This support area is really strong, seeing that it played an important role for four times in the very recent history. If the price breaks through support level 1, I expect it will slowly move down and find support here at support level 2. This could be monetized using a short trade, to be recognized after the market opens with a bearish momentum Finally we have support level 3: This support zone is going back all the way to November in '19 and has shown to function properly as a support zone before. Hopefully we won't be needing this support zone any time soon, but it might show up on future charts again. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Educational If you want to learn more about how to place your limit orders including entry, stop-loss and take-profit, check out:
OANDA:XAUUSDLong
by Trading-Guru
18
NATGASUSD | Potential Downside Please support this idea with LIKE if you find it useful. Price was rejected by 50 MA resistance once again. Overall price is in a good downtrend so we can see the retracement to downward again. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:NATGASUSDShort
by Anpu
6
XAUUSD | Shooting StarPlease support this idea with LIKE if you find it useful. There is a Shooting Star bearish candlestick pattern on Weekly chart. In case we have price crossed below previously broken resistance we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDShort
by Anpu
21
XAUUSD | Fractal on Growth Please support this idea with LIKE if you find it useful. XAU might repeat the previous bullish scenario where we had a breakout of the Channel and tested the Horizontal Support. To confirm the fractal we need to receive confirmation: the price should cross back in the Channel. In this case we can initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDLong
by Anpu
15
XAUUSD | Head & Shoulders Please support this idea with LIKE if you find it useful. Price formed a Head & Shoulders pattern. Currently we are completing the Right Shoulder of the pattern. In case there is a confirmed breakout of the Horizontal Support the pattern will be confirmed and we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDShort
by Anpu
38
When Price is making new highs, DO NOT SELL!When Prices are making new highs, the trend is UP! We have 2 options, buy a retracement, or sell the top. Going with the trend has better returns and lower risk than opposing the current trend, hence, the prognosis here is that gold will make higher highs. the retraction is measured against the previous minor retraction. If the flow continues doing what it is currently doing, we can expect a relative sized minor retraction, with new highs to be made in the near future. The next major LOR is at 1782-1800, expect Price to stall at this area. A buy signal is currently in play, however, never buy the top. Price shall retract, gather its energy before making a new swing a sell signal would be when the current resistance holds and price breaks the confirmed major low pivot. until then, the market trend is up
TVC:GOLDLong
by ZeeAxis
XAUUSD | Unstoppable Update Please support this idea with LIKE if you find it useful. XAU continuing its strong uptrend, since previous idea we got a new Bullish Flag was formed and got broken, with a fixation above. Also we passed 1700 point. We are very likely to have more Upside here Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDLong
by Anpu
11
XAUUSD | Strong UptrendPlease support this idea with LIKE if you find it useful. The whole way up price is forming bullish pattern as we can see on the chart. Currently we have another Bullish Flag and if there is a confirmed breakout we can initiate a long position. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDLong
by Anpu
23
XPTUSD | Cup & HandlePlease support this idea with LIKE if you find it useful. Price formed a Cup & Handle. Moreover price already broke the Horizontal Resistance and confirmed the pattern. So we can initiate a long position with stop-loss below the Horizontal Resistance Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XPTUSDLong
by Anpu
9
NATGASUSD | Rejected by Ichi CloudPlease support this idea with LIKE if you find it useful. Price was rejected by Ichi Cloud, also by the higher boundary of the descending channel and 50 MA. We can expect more downside here Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:NATGASUSDShort
by Anpu
7
XAUUSD | Possible Adam & EvePlease support this idea with LIKE if you find it useful. Gold is possible forms an Adam & Eve bullish pattern. First part is already complete and if price will be rejected of the Horizontal Resistance the price is likely to form the second part. In this case we can initiate a long position if there is a confirmed retracement from the area between 50% and 61.8% Fib levels. Nevertheless if Gold produce a simple breakout of the Horizontal Resistance or 1700 level we can initiate a long position, because it will be a bullish sign on itself Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDLong
by Anpu
24