XAUUSDGold price breaks it previous zone and tested coming bottom, so upon retesting of zone short entry can play well, to lower green line No.1 and test green line No. 2
Godlevels
gold fell from resisdence with -RDGold could fall to the resistance range (about 1820) and it can be a signal to sell because of -RD and having a pin bar in the support range with movement in the overbought range in the RSI indicator
---This analysis is not an offer to buy or sell---
Gold Trend 19/10Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end.
The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned yesterday. Overall, the market is bearish. However, the short-selling before 1650 is still relatively weak. Due to the lack of momentum, expect the price to remain within 1640-65(2) until it escapes.
The pullbacks before the day's end on the second consecutive day have created another bearish signal on the daily chart. Wait for the signal; a new round of selling should only begin if the price close below 1650 on the daily chart; before that, the price should continue to wander around 1650.
S-T Resistances:
1665
1660
1655
Market price: 1651
S-T Supports:
1650
1645
1640
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GOLD Will Make You Tons Of Cash. Here's the setup.Looking at shorting Gold, I have been working on a trading strategy for a few months now and it's pretty effective, also giving the fact that Gold has been going down for the last 5 months I don't think the upside momentum will continue next week.
Double bottom price recovery Potential second leg of a double bottom price formation, in addition to previous price point integrity.
further price drop is always a possibility so a (PENDING ORDER) might help mitigate risk of a premature entry (entry above RES/SUPP).
GOLD (XAUUSD) | The best target for correction🎯Hello traders, Gold in 4-hour timeframe, this analysis was prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
First of all, I must say that the counting was done in 8 hours, but we counted the smallest waves.
The basis of our count has been uptrend, in that we are inside a leading trend in which the main waves 1 and 2 are formed and wave 3 is at the beginning of its trend.
(It should be said that in the daily time, the downtrend scenario is somewhat fielded, but there is still a possibility of downturn, and if our uptrend scenario is not fully confirmed, caution is needed) ... Wave 3 has formed its first microwave as a leading triangle.
This triangle, which corresponds to wave 1 of wave 3, is not abnormal and disproportionate to our microwaves because wavelet 3 is smaller than wave 1 of wave 3 compared to other waves, but we now prefer it; Until more structure is formed
In the continuation, wave 2 is composed of the main wave 3 without any problems and the trend is provided to wave 3 from wave 3.
Of these, the first wave is at the end of its course and will probably rise again until 1850 to 1856 to complete it.
However, confirmation of the start of correction for wave 2 of wave 3 of wave 3 was the breaking of the trend line downwards, and this failure and this correction took place.
The correction was done at its minimum in terms of time, and this fast and sharp move made us more skeptical between the descending and ascending scenarios in the daily time, but still prioritized the ascending scenario and until the warning sign and floor Do not break the orange channel will be our priority.
I see the current movement of the trend ascending to 1830.
It should be said that a very strong harmonic pattern has been formed in this area, and we need to break the resistance of this pattern, ie 1860, in order to continue the trend.
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analysis gold 19/08/2021hello traders this is my view about gold for this day :) if you appreciate my chart art like and comment
GOLD - Turn aroundPreconditions:
- local uptrend
- key level
- accumulation ( 16d )
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P.S. I personally will open entry if the price will show it according to my strategy.
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XAUUSD Gold | SWING - 8. Sep. 2020Hello my friend | Welcome Back.
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Gold fails to break the support, so it will tend to rise to the price of $1952, which is the resistance from which the price will rebound.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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XAUUSD Gold | SWING - 8. Sep. 2020Hello my friend | Welcome Back.
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Gold breaks the falling trend line, turns to the upside, so the price is expected to reach $ 1958
***
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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back in action with this one been a while , price was in a no trade zone for me , back in action
Potential retest of 0.91587
