XAUUSD is approaching our first resistance at 1295.80 (50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1267.81 (horizontal swing low support, 61.8%, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price....
At the moment we price is currently in a strong support and resistance zone ( green box ) In the trading week ahead we will be looking at 2 possibilities. 1. Price breaks out in a bullish manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further bullish movement and reaching our next TP...
We have marked out obvious support and resistance levels on our chart and below are the things we are looking for this coming week, here we have 2 possible outcomes. 1. Price will continue last weeks bullish run and reach resistance level 1295.024 now if the bulls continue to be strong this level could be smashed and price could eventually reach resistance of...
Blue box selling criteria: - The short-term uptrend has changed into the short-term downtrend - Nice and clean lower highs and lower lows - Multiple Fibonacci levels, pulled from the bottom to the different tops: 38%, 50% and 62% in one small area - Historically worked strong area (orange line around $1,294) - Downwards channel upper trendline - EMA200 Feel...
GOLD showing movement inside Descending Wedge in possible re-accumulation with double (red and cyan) bullish divergence on 4h chart. Soon we will hit 1300$ resistance level and with opportunity to rebound in 1250$ with even bigger bullish divergence
Price is facing bearish pressure from our first resistance at 1282.78 (38.2% Fibonacci retracement, Horizontal pullback resistance, 61.8% Fibonacci extension) where we can expect a further drop to our major support level at 1266.66 (100% Fibonacci extension, Horizontal swing low support). Stochastic is also approaching resistance. Trading CFDs on margin carries...
You can check my profile for XAU/USD triangle pattern + prediction. For sure the price needs to complete both triangles.
Its a big dump because of Stronger USD so here we predict , XAUUSD will reach 1286 again Buy at 1270 Target: 1286 Do your trades with proper money management.
Gold normally melts at a temperature of 1,064 degrees Celsius... it must be that hot in the charts ;p because gold seems to be going too HELL at the moment with no real signs of it slowing down and no real support points can be seen, Technicals have just flown out the window with gold at the moment. So we remain bearish bias at the moment and have been holding...
XAUUSD is approaching our first support at 1266.27 (100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 1281.19 (61.8% Fibonacci extension). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD is approaching our first support at 1266.27 (100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 1281.19 (61.8% Fibonacci extension). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD is approaching our first support at 1266.27 where we might be seeing a bounce to our first resistance at 1281.19. Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Trade-Ideas no. 1012 Buy Stop above 1280.50 Stop loss at 1272.00 TP near 1289.40 Breakeven at 300 pips Trailing at 300 pips.
TECHNICAL ANALYSIS : *-TRENDLINE BROKEN *-SUPPORT ZONE BROKED *-RETESTING THE NEW RESISTANCE ZONE *-HEAD AND SHOULDER PATTERN FORMED ON 4H *-STRONG DOWNTREND ON DAILY WITH FIB 61.8 BEING RESPECTED *-MA & EMA CROSSED SHOWING POTENTIAL BEARISH MOMENTUM *-HUGE DOJI CANDLESTICK ON WEEKLY TIMEFRAME PLEASE LIKE & COMMENT THIS POST FOR MORE LIKELY ANALYSIS #tradesafe
With so much bearish pressure last week price has come to a standstill and is just ranging, Bears are also failing to push price below our support zone ( green box ) So we are waiting to see what price does, if price breaks to the downside we will see further bearish momentum, but if the bears are exhausted this could mean bulls are ready to take over and we could...