XAUUSD is approaching our first support at 1283.58 (horizontal swing low support, 61.8% Fibonacci extension ) where a strong bounce to our major resistance at 1299.29 (horizontal pullback resistance, 38.2% Fibonacci retracement ) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price.
XAUUSD is approaching our first support at 1283.58 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce to our major resistance at 1299.29 (horizontal pullback resistance, 38.2% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries...
First time looking at a quarterly chart. Lets see how this plays out :)
Hi there. Price is forming a continuation pattern on lower time frame. Watch strong price action for buy.
Hi! A possible Short-term trade opportunity on GOLD, criteria: 1. After a break below the trendline, it starts to work as a resistance - classical retest situation 2. Previously worked resistance level (orange line) 3. Round number 1300 should act as a resistance 4. Short-term lower highs and lower lows 5. EMA 100 and 200 is ready to make a death cross 6....
Updated View On XAU/USD (25 Mar 2019) We have been bullish for the past two weeks and we have hit our TP1 already. Now we may be in the mid of trend right now. It can go to $1,325 soon but be careful when you are adding any long positions. As for taking any short positions, take your time as we are still way too early to do so. DYODD, all the best and...
Yesterday Gold had to hold 1311$ in order to maintain altitude and stay inside the uptrending channel on the smaller time frames. I felt most probably it will fail and unfortunately it did for the Gold bulls and short term momentum has turned bearish. Heres the update from yesterday: Now, the next closest visible support is down in the 1292$ area on the...
XAUUSD, SHORT! Hopefully its time for the bears to control. Good luck and we will update in due course.
Price is coming down to respect a very strong support level where we are expecting price to bounce and make a bullish run again after a few days of bearish action the long-term outlook and weekly trend is bullish, the last few days were just a pullback before it rockets again and reaches our green box. USD is due to weaken again and the recession is still just...
I'm a long term bear on gold with the understanding that it probably has some more upside first. There's also a count where the B wave pictured is only a W wave of a larger correction. Short term looking for some chop before a final push upward and a massive move down. I'm highly interested in playing both of these final moves.
Bullish bias on Gold today, look for buy signals on pullbacks, targeting 1327 & 1333
We currently have a H&S forming on the Daily. Price at the moment is rejecting my zone at 1321. Looking for a bearish move to the downside. Going to be watching this pair closely today to see how price reacts around this level.