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Forex-gold

GOLD (XAU/USD) – Week 3 - November lows Incoming pt. 2Last week, we pointed out in our Gold analysis that a consolidation will start in order to gather up enough momentum in order to continue its journey to retest the November lows. Most of the week, the price corrected the previous descending impulse, before slightly starting to pick up some bearish momentum in the late Friday trading session. All this considered, we anticipate a slow start for this week, as we may witness a small price increase before resuming the bigger 4H trend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
FX_IDC:XAUUSDShort
by financialflagship
DOLLAR INDEX - BLOODY MARKETS AHEAD? | DESCENDING WEDGE/FRACTAL Dollar Index has undergone a deep and extensive sell off since Q1 2020 when coronavirus spread throughout the world After an insane amount of printing, the dollar has inflated and devalued tremendously Technical analysis indicates that the DXY has oversold and is due a reversal and correction Price action is acting very similarly to the last cycle of the DXY pumping then selling off into a descending wedge Price seems to be breaking out of the descending wedge and is suggesting an explosion to the upside Monthly and weekly stochastic is deeply oversold and crossing over indicating a reversal Targets are the fibonacci zone as they are also key volume zones First target will be the 38.2% fibonacci as this coincides with the 200WMA and is a key volume zone Although the dollar has inflated and devalued so much, it is plausible for a significant retrace and pump up to occur whether short-term or long-term As a consequence, all markets would be hit with selling pressure. Markets including stocks/shares, USD FX pairs, and especially crypto with the cryptocurrency market down a significant amount Caution is deeply advised with respect to long positions in the mentioned markets above, as well as broader investment strategies
TVC:DXYLong
by JayanVarsani
1
GOLD consolidate on support level/ GrowAfter the mid-week crash, gold dropped and bounced off the level. Then there was a rollback. Now the price is at the strong support level of 1907.981. This is a historically strong match. When the price last touched it in 2011, it collapsed. It is important that this time the price a) broke through the level during the growth (in November 2020), b) after falling over the level, it was fixed on it c) broke through the level during the growth for the second time. And stuck on it. I expect that the price will return to growth from the support level. It will come to the resistance zone (intersection of two lines) Target - 1930.446. --------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDLong
by DeGRAM
14
Gold - GLOBAL - SetupAfter securing major profits with 11 wins in a row we look for our next play. We have decided not to trade within these areas as the news has been controlling the price action. As you can see we hit major overhead resistance in our green take profit zone ( We closed all positions in profit @1897 - You can see previous post ) and had a pull back. So where are we heading next? I will look for confirmation within our green box in the middle of the channel for buying opportunities. I don't see us testing the bottom of the channel but we will have a plan B in mind.
OANDA:XAUUSDLong
by GlobalHealthWealth
1
GOLD, My Favorite patter. Buy after...You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade. So many useful links below this Video Scroll Down Now and Open
TVC:GOLD
by Yuriy_Bishko
24
XAUUSD moving in an asc. channel, Buy from support if holds..Please Support this Idea with LIKE if it is Useful.... XAUUSD The price has been moving in an ascending channel ,After reaching support structure if price holds above the support I expect price to move higher.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
OANDA:XAUUSDLong
by Stargazer_fx
16
GOLD ANALYSIS (15YO TRADER)WEEKLY- I set my timeframe to weekly so that I can set my area of support and resistance. and also to see what is the current market stage is and it is currently in its Distribution stage. Daily- I set my Timeframe to daily so that I can start predicting what will or where will the market go. And based on my analysis the market is in its resistance and also on a downtrend. I can say that it continues and push lower. 4h- I set my timeframe to daily so that I can confirm my analysis on a daily timeframe, and it formed a descending triangle that indicates a high seller pressure. The triangle is formed just above its resistance and it might break soon. I will put my short position after the market pushes lower and go back below its resistance. I will put my SL just a little bit higher so that I won't be stoped. (not a Professional)
TVC:GOLDShort
by fancybigboss
2
Reasons to Buy Gold1) Good risk to reward ratio (1 to 4) The price approached the strong support level of 1795 and a strong support line (there is an exact entry to open a trade) 2) The price has recently made a false breakout of support, this is a good buy signal. A month ago, there was a false breakout of the resistance line, after which the price fell sharply. 3) The line and level of support 1795 are stronger than the resistance lines. Since the support is on a higher timeframe. 4) trend is growing.
FX_IDC:XAUUSDLong
by DeGRAM
16
GOLD Running +4.4% gain - WHOS IN THE BUYS?Where you on the BUYS - or did you hit your SL? NO TECH HERE! Simply follow the strategy which identifies a trend and prints a trade to follow! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
OANDA:XAUUSD
by congibb
1