H4 chart below resistance Up trend Broken and tested Price can possibly price could reach Resistance 2 (1320) Stop Loss: 1325.00 Sell Price: 1310.00 - 1315.00 TP 1: 1265.00 TP 2: 1245.00
OANDA:XAUUSD has reticence in 1370 $ zone. but it seems that Buy pressure can formed support zone supportive areas As shown in the figure. I suggest that if OANDA:XAUUSD can break 1370 $ reticence zone buy it for 1650$ tp zone. Good Luck
This is our current idea for Gold, we can see price moving further down into our red support zone and then making a bullish run up to out green resistance zone, this is where we will place TP. This is a lovely risk to reward trade, but please use correct risk management if you take this trade. If you are using correct risk management and 1 of your trades does...
H4 chart below resistance Up trend Broken and tested Price can possibly price could reach Resistance 2 (1320) Stop Loss: 1325.00 Sell Price: 1310.00 - 1315.00 TP 1: 1265.00 TP 2: 1245.00
Red zone has previously been used as strong support, but is now been used as resistance, tie this in with the lovely trendline that has formed and that price is currently sitting at we can only see bearish movement. In the closing hours on Friday gold had a lovely bearish push, we expect this downside movement to continue into the start of next week and price has...
Hi there. Wait for the price to complete the continuation pattern that its forming on lower time frame and watch strong price action for buy.
1304.041 is acting as a very strong level, this time it is been used as resistance, but you can see it has previously been used as support. We also have a lovely trendline that has formed and this happens to be very close to our resistance level... this makes it a double strength setup... if this trade doesn't go bearish from here I will eat my hat ;p No better...
The Gold price has been very volatile this week (ATR = 4.4243) making Higher Highs and Higher Lows on 4H (RSI = 55.47, MACD = 1.390, Highs/Lows = 0.0000) as geopolitical factors (Brexit) and fundamentals (BoJ, U.S. reports) having been offsetting each other. The pattern that stands out from previous 4H sequences is that the 0.5 - 0.618 Fibonacci retracement levels...
On the daily it is testing the 8 MA and broke out of the yellow support region. Expecting further push upwards with a very tight sl.
XAUUSD hit strong resistant and failed to break 1300. Gold might target 1240 which happens to be a level of interest. Cheers!
Looking for long positions currently, this is my idea.
Gold edged lower on Monday's trade amid improved risk sentiment after fresh US-China trade talks. However, price failed to break below 5-DMA support. 5-DMA is upward sloping and is offering strong support. The pair is trading in the green in the European session. Weakness in the US dollar likely supporting price. Technical indicators on the hourly charts have...
Hi Traders, The 4-hour chart of XAUUSD shows a bearish reversal from a key resistance level at 1346.80 that broke below a support zone. . Currently, the price is retesting the swing level that lined up with Fibonacci ratio and moving averages in wave (iv) of A. . Considering that the price has reached a critical confluence area and the corrective zigzag pattern...
Notes for myself ... 1. Former red zone of resistance might put a cap on recovery bounce. 2. Next corrective move down further paints the left side of the Handle. 3. Lunar theory suggests the remainder of the week it tests the red resistance area. 4. Before giving up and moving down on or about the 20th. Or it just does what it wants , chaos theory. ...
This is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00...
Gold has found support last Thursday and the decline on 1D is put to a halt. 4H is now neutral (RSI = 51.980, Highs/Lows = 0.0000, STOCH = 53.271) and will continue to be as long as the price is being traded inside the consolidation channel shown on the chart. As long as this continues to provide support, and it later breaks upwards, we will be targeting 1,330 and...