In the gold, there is a triangle pattern in the chart. It's expected that the price reaches Lower levels in this chart. But for the entrance, we have to wait until the triangle pattern is broken then according to the drawn chart we enter with the five positions.
XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement , horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Gold prices have been drifting sideways since last several trading sessions, potentially in a triangle structure. It is seen to be trading at $1289/90 levels, possibly terminating into the final leg of the triangle consolidation at a lower degree. Triangle consolidations normally precedes the final thrust movement on either side and if the above structure remains...
XAUUSD (Gold) beutifuly broke trendline, retested and is on the way up again. We can see leg up (A), then retest trendline and coming back to 0.618 Fib Price reversal zone confluencing with previous structure and bounce back. Now we are on minor support, where we need to hold for continuation for next leg upside. Target is between -0.27 and -0.61. Target is...
Hi guys! I think Gold is going down for next some days.
XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement , horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
if complete this pattern keep goin bearish wave (put the SL on 1298)
Following the exhaustion of the 1D Rising Wedge, Gold has been trading sideways on 4H (Williams = -48.077, CCI = 33.7421, Highs/Lows = 0.0000) forming a Triangle. The inability so far to break 1,300 is certainly not encouraging and calls for a stronger pull back, but focusing on the very short term outlook, a solid sell opportunity is presented within the...
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 13.Jan.2019 Ticker: XAUUSD LAST= 1,287.41 Gold Spot $/Oz movement during the last few days showed a Bullish move, with a recent high price seen on Fri 04.Jan.2019 at 1,298.62. During the next few days the price is expected to see a downward correction to 1,275.00 But as of now, as long as the price is trading above 1,275.00, its recommended to ' BE...
Simple break and retest, weekly pivotal short, Weekly bearish orderblock. 2.3 R and 5.4 R setup.
You can be sure that Gold (XAUUSD’) found support back in August and is ready to make a strong move up. Let's take a look at the chart and see why I believe this to be true. Please allow me to entertain you for a few minutes... So, let's get started. Gold (XAUUSD’) Analysis by Alan Masters We start by looking at the main chart above, which is set to the...
This inside bar is about to break to the downside. trade to the downside whenever you feel comfortable with the price action on lower timeframe. stopploss above the inside bar 's high or above the high or abve the origin of the last downmove on June 15th 2018... Calculate risk and calculate lot size! have fun!
I see a drop incoming for Gold (XAUUSD). Target on chart (purple). Stop loss: Close 4h candle above 1298.42. Thanks for reading. Namaste.
XAUUSD is approaching its resistance at 1298.25 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (Horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.