Forex-gold
XAUUSD (GOLD) Daily Bullish View After consolidated in the level mirroring Q2 2020 price movement at 1660-1760 area,
XAUSUD form double bottom at 1675 then rebound and break above 1755 and 1770.
Based on Trading Ideas 22 March 2021: XAUUSD In Consolidation Level
that's said "A break and hold above 1770 would add bullish power to rebound targeting 1820, 1875, and 1925."
And for a while, XAUUSD rejected around 1800 near its MA 100 Daily.
And now, a break and hold above 1800 would continue its rebound to
1816 and 1856.
A break and hold above 1856 would add its power bullish to 1875, 1925, and 1965.
But below 1856 would jeopardize its bullish view to neutral.
Anyway, fail to break above 1800 would bring back down to its former resistance ( as now support) 1755
and its MA 50 Daily (now around 1745)
and open the way to retest its double bottom at 1675.
ALERT for forex gold index traders :today morning gold touch trend and daily Ema200(orange line) and fibo 161%(many buyer target
so many buyer close buys and many clever hold buy to 1920,this pull back gold down
if you have buy dont fear this is a currection
if you dont have buy ,pick buy above green arrow and hold them 10-20 day ,our target is 1850 then 1920 then 2000 then 2400
what will happend = break above high = inportant trend + ema200 daily can explode gold to 1920 like
exactly 2021-1-06 crash
ALERT 1 = 1000 time i ask all dont use levrage above 10 and for pro,safe trade per 1000$ balance lot size must be max 0.01 (10$) understand? instead big lot and little profit ,reduce size and increase point TP and wait time (tp and close must be min 3*SL) ! understand?
pro traders in bank and fund on gold use little sl=6.00$ and tp=200.00$ (wait time min 7-8day)
use above standards =little profit but stable profit in long term will big profit
go above pro standards(over size) = 5 little profit but margincall soon or late
ALERT 2= world best signal provider cant give above 6TP and 4SL , me ,myself signal is 50%-50% if you pick 100 day 100 signal you will see 50sl 50tp but my TP=3*SL so dont fear for buys put sl ounder last low ,SL is 90% of this game ! if you have problem to put SL ,go on demo and pick 10000 buy eat 10000 SL and practice control mind and practice dont touch eat
ALERT 3= do you see ever gold ,silver ,index (execpt forex) like dow dax nazdaq weekly chart? all of them main trend is + so 99% looking buy ,dont pick sell signals see germany weekly chart from 1950 70 year
secret=main trend on silver,gold,dax,sp500,dow,nazdaq is very very + for this 99% looking for buy (with SL in low) if you see market goes down like corona days ,shot down platform and go to sleep !!!
for forex,crypro,currency traders= dont trade forex,be sure forex control against technical traders by 3 big broker(bank like douche bank) gold is easiest instrument,frist win on it (gold secret=super trendy ,never reverse posation on it , try with buystop on high ,inter trend ) or if you love zigzag market,reverse posation try germany index dax (need min 9 month demo) FDAX1!
en.wikipedia.org
GOLD: completion of correctional movement and return to allLast week ended with the price breaking through the support level of 1760.82. After that, it continued to grow and came to the resistance line of 1791.20. This heavy line of resistance emerged in August 2020. Despite the rare breakouts of the line (for example, during the turmoil in the US in January), the price fell after each touch of the line. Therefore, now we can expect that after the breakdown of the level and the reversal, the price will fall and return to the support line 1694.05.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
The Box is Broken! Now, How long are bulls gonna run?As you can see in my previous analysis on XAUUSD, the strong support line resisted against bear pressure (which was heavy!!!).
Now a big daily box and also a little one are broken at top. Adding the fact that the double bottom pattern now can be assumed as completed, we have a short term and lo0ng term scenario:
SHORT TERM: The red resistant line which is a strong one ever since the big downtrend has begun will stop the bulls at 1792 area. Then we can expect a pullback to 1760 ( even 1755) area. So daily traders should be aware.
LONG TERM: We can expect that not until the time US10Y and DXY show another sign of growth, GOLD will rise. 1835 could be a late target. So patience would give you more reward.
AAAAAnd,,, To refer to oscillators, caution is here. RSI (5) is near 70 at the time of writing.
Another AAAAAnd,,, is that the SMA (50) is now considered as a support.
I hope this gives you enough sight to trade good and also to see your comments bellow and your ideas too.
XAUUSD to fall soon?Hey everyone! So, it was earlier said how prices would shoot in XAUUSD, which as we can see has occurred. Simultaneously, it was forecasted that prices would rise- like they have- correct and then fall a lot. We can see this starting to take form and prove the forecast to be somewhat accurate so far. Any ideas or suggestions would be appreciated.
1:40 Risk:Reward Buy 600+ Pips, Pay Attention to EUR/USD!!!EUR/USD is heading towards a strong level of support after plummeting in the past few weeks, mainly due to a strong dollar and covid-affected Europe. For this Bullish move to happen we need DXY to reach $94 where it encounters resistance boosting our case for a upward move. Lots of retail traders (myfxbook sentiment showing 85%) have been longing the euro too early and are not prepared to do the fundamental research behind the way the pair is moving. Will be looking at a very aggressive entry with a very small stop loss, which can definitely be widened to be safe. Will re-enter up to 3 times if stopped out, this a move that cant missed.
GOLD continuation of fallThe price continues to follow my past predictions.
After a pause at the resistance last week:
Thursday:
Friday:
The price moved and started to fall.
In mid-March, the price came to the resistance of 1752.93.
Then she stood in this position for a long time (with minimal deviations).
Yesterday the price started moving down and I expect it to come to support.
Target - 1658.85
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Thank you for your support!
GOLD good position to open a SELL TRADEAs you remember from my previous forecasts, I expect the price to fall. And today I continue to speak of falling, although the price has been holding in the resistance zone for two days.
Let me remind you that it consolidated near this zone two days ago at 1737.31.
Then it continued to move in the zone, dropping to point 1734.56.
Such indecision of the price indicates its imminent fall, since it is already clear that the price could not break through the resistance line 1739.37. And now she doesn't have the strong support to try it again. So I'm expecting a fall to the support line. And this is an excellent position to open a sell trade. I never tire of reminding you of the importance of SL. Look for it above the resistance zone at 1770.27.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD GROWTH after breakdown of SUPPORT lineAs I said yesterday, the price not only broke through the strong support line that has existed since December 2020, but also fixed on it, pushed off and began to grow.
Let me remind you that the fall in Gold ended at the support line 1680.81 at the beginning of last week. After that, the price began to rise. At the end of last week the price reached the support line 1733.54 but could not break through it. Then the price rolled back and returned to the line again.
After fixing, the price was able to break through the line at 1729.00. Then it consolidated again and showed a slight increase. I expect the price to continue to rise from the support line to the resistance line. Thus, my final target is the resistance line 1753.78.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD AdventuresFollowing the last couple of Gold (XAUUSD) Calls, It's giving a reason to accumulate a position down here for a push back up. As it's at the end of a deep move the accumulation may be a little more complex. The majority of retail traders are still long. So I expect a further dip before a rise. But as DXY is about to make some new ground higher completing its Elliott wave 4 move up. I feel the inverse here, complex bottom - gather momentum and up.
See the last gold call before in the link below and some info on Elliott in relation to the current wave 4 move.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
EN - GOLD1. due to the current economic situation the demand for Gold went down.
2. On the daily if we get a morning star , we can go long to the retracements, else I would look for short signals at the marked pricelevels
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