As you see on the chart H4 above, this pair can be bearish continue if the price running inside downtrend channel..
Gold Setup, maybe we can see 1340 on the next level
XAUUSD ( Gold ) has been ranging for a while in green consolidation BOX as you can see on the chart. Resistance trendline didn't allow gold to break upside and on the third touch of that trendline with confluence staying in the box it gave us huge leg down. GOLD also broke the trendline and support on the way down and retested 1286.5 support perfectly. 1281...
Gold continues to retrace lower since highs at $1298 levels. It remains to be seen where, the metal could find support before it could push higher one last time. As discussed yesterday, the corrective structure that began from $1160 levels earlier, could be taking shape of a combination where a double zigzag could be forming as Waves A and C labelled here on...
waiting for a pullback to go short on gold after breakout out of the triangle formation.
Gold prices dropped on Friday and reached $1280 levels from intraday highs at $1294/95 levels. The movement still looks to be a corrective drop and it remains possible that the yellow metal rallies one last time towards $1310/20 levels before giving in to bears again. Looking into the wave structure, Gold might be producing a complex corrective structure A-B-C,...
The price broke below the 1,287.20 - 1,295.08 consolidation range (and as a result the Triangle) and is now targeting the 4H 1,276.40 Support (RSI = 36.846, MACD = -2.270, Highs/Lows = -4.0286, B/BP = -6.9780). This move may be expressed as a Channel Down but being oversold on momentum (STOCH = 13.662, STOCHRSI = 13.180, Williams = -86.196), it is more likely to...
XAUUSD is approaching our first support at 1274.46 (100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1285.84 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding...
I am ready to enter long position on EUrUSd at FIb.. 0.618 level beacuse Eur is going to test this level second time and will become double bottom ..... My TP will be 1.171 .. hit like if you think EurUSd will behave like this or suggest me ..
Retrace with a nice rejection (with good candles setup) near the 0.61% of fibonacci. I see a wick till a retest of a daily trendline at near
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Sun 20.Jan.2019 Ticker: XAUUSD LAST= 1,281.75 Gold movement during the last few days showed a sideways movement, within the high and low prices seen on Fri 04.Jan.2019 at 1,298.62 – 1,276.71. During the next few days the price is expected to test the lower level of the band at 1,276.51. On a longer view it’s expected to continue to trade within the levels of...
1. Wait for 0.618 retracement and see how price will react to it. 2. Good RR.
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Bearish divergence on the Stoch. Doesn't look like enough buying power to get above 1300. Should see a re-test of previous resistance/supports (red lines).