XAUUSD. The price should rise according to the pattern.Hello ladies and gentlemen.
The price of Gold will rise according to the pattern of a cup with a handle.
Price will stop its development at a key level.
Possible wave-like price movement on the handle and drop to 1690.000.
But this is not critical.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Forex-gold
GOLD: A DOUBLE TOP FORMATION, MIGHT END THE BULLISH TREND We have two fail attempts of the prices to break the 1740.00 which lead to a double top formation that have a nick-line at 1678.6 the break of that nick-line will lead to a bearish correction that might turn to a bearish trend. We also have a broken bullish trend line that support our bearish view for Gold.
Personally I will enter a sell after breaking and retesting of the nick-line. I might even go further and wait for a close below the 1643.10 as entering a sell on gold in these situations might be risky so I will wait for much as I can before shorting Gold.
If you find this analysis useful please don't forget to hit the like button, leave a comment and follow me for more useful content.
GOLD What to doEverything is clearly visible on the chart.
The price broke through 2 resistance lines and reached the resistance line at the level of 1550.
Do not forget that the trend is growing!
Therefore, now I predict a fall to the support lines, after which growth will begin to the resistance line at ~ 1600
What to do with goldGold plummeted in a couple of days.
The price reached two strong support lines, after which growth began.
GOLD is now on a small resistance line and at the resistance level of 1547.
I expect that the price will return to the support lines and it will be possible to once again buy gold from these lines.
+ trend is growing
Target is the line of resistance.
GOLD (XAUUSD) Potential Harmonic Short
morning guys,
potential bearish harmonic abcd pattern is forming on gold.
this pattern gives us a perfect sell zone to short locally bearish market.
I will be looking for a sell entry within 1594 - 1609 resistance area.
profit protection will be started from 1557 level.
good luck!