XAUUSD | Rejected of Horizontal ResistancePlease support this idea with LIKE if you find it useful.
Price was rejected by the Horizontal Resistance zone. In case there is a confirmed breakout of the Support Trendline then rejection will be confirmed and we can initiate a short position
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CFD
XAUUSD | Bullish Cross is ComingPlease support this idea with LIKE if you find it useful.
We have the bullish cross between 50 and 200 MAs is coming. If price will break the Horizontal Resistance Zone the crossover will be confirmed and we can initiate a long position.
In case there is a correction to the Horizontal Support Zone we can also consider a long position, if there is a confirmed retracement
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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
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XAU H4 UPDATE - BEARISH CYPHERIn our previous XAU analysis, we took a look at the daily where targets such as $1800 seem nearly inevitable given market conditions. That analysis is still valid, and is linked below.
Here, we have a bearish harmonic pattern developing that I have seen very good accuracy from in the past. Something to be aware of.
Targets for a short are the legs of the harmonic. IE 1700, 1670, etc.
This pattern could be valid and only result in a small retrace to $1700 ish, the B Leg pivot point.
Alternatively, The Daily set up could prove stronger and this might not materialize at all.
Given the TD9 though, I expect we’ll at least see a small pullback here.
Good luck.
XAUUSD | Possible Rejection Please support this idea with LIKE if you find it useful.
Price is being rejected of the Horizontal Resistance and the Higher boundary of the Descending Channel. We can initiate a short position if the rejection will be confirmed. Stop-loss can be placed above the Horizontal Resistance
In case price loses the Horizontal Support we can also initiate a short position
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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.
usd cad We have appeared below a top from a top
and also a bottom from a bottom
if we have a falling trend line in the short term
we can execute a buy order from the specified resistance area
If your entry method does not agree with these areas, do not risk entering
If you are not satisfied with entering this way, you can tell me about that in the comments section below
XAUUSD | Rejected by Ichi CloudPlease support this idea with LIKE if you find it useful.
Price was rejected by Ichi Cloud resistance zone. So we can expect a further retracement and initiate a short position. In case the mid line of the descending channel is broken we can also initiate a short position
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GOLD, almost perfect...As you can see from the chart almost all the Fibo lines coincide with the price actions.
I deleted only 0.618.
This is only my observation.
If you want to hear about the next price actions you can watch my previous overview.
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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.
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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.
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.
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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.
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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
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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
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US30 CFD CFDs are a very good way for making money in the forex market fast and easy if you know how to prepare for it. And this is me preparing for it! I forsee a very big drop again from bull-trap market all the way to 18000!
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XAUUSD | ChannelPlease support this idea with LIKE if you find it useful.
Price formed a Channel. We can initiate a position only if there is a confirmed breakout of one of the boundaries.
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FRANCE40 can breakout the Triangle!The price can breakout the Triangle.
We can open Buy above the Key Level 4570.0.
The local trend is bullish.
Potential profit will be 3 times bigger than the risk.
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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
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The information given is not a Financial Advice.
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