Hello traders ,
Looking to XAUUSD chart I am expecting retracement of the (3) wave . We should watch for buy setups near previous lows as there is still space for more drop.Also a Bullish Shark Pattern will be formed.So 1099.60 and 1073.70 will be the next levels to watch if gold continue to drop.Don't try to catch the start of the retracement before...
This is a 3 points touched trendline, therefore, 1263 level gives strong support. The closed of the next 1 hr and 4hr bar is crucial to give us the information if Buy signal around 1263 will provided here!
Gold Formed Strong Double bottom on Daily chart Now we are Expecting a bonce from Current level it can push up till 1274-75 and where next 1295-1300 also
Advice to buy in Range of 1257-1246 sl below 1235 TP1 1275 tp2 1295
Referring to my previous post of the 19th September 2016
Price finally reached my take profit spot on, we then saw a retracement back to our support zone giving traders another chance to take some or more profit off the table. Targets were set at "1320.00" but after we seen a break of previous highs and a retest, as noted buyers should now be aiming for "1325.00"
Gold holding Strong support on 4H , Daily and Weekly chart around 1303-1305. If hold this we can see 1330-1340 level soon
Advice to buy gold in rand of 1307-1315 with sl below 1300 where TP1 1328 and TP2 1338
Currently Long on Xau/Usd (Gold) after price came down to a major support zone and trend line.
This trade was executed due to a 2 bar setup & more confirmation was given when a pin bar appeared (1H)
We could potentially see price retest previous highs at "1325.00"
Entry - "1310.00"
Target - "1320 0.00"
Oversold indicators, bullish divergence and strong support at this level. Also expecting US dollar to consolidate which will help drive up gold higher and possibly even oil.
Entry 1305
TP 1335
SL 1297
Gold is looking bullish by technical analysis, as you can see that there is key support level and gold formed a bullish pinbar on weekly time frame, there are three type of taking entry on pin bar, it is depend on you how you get it. Best of luck and Like and Follow me if you found it useful. Thank You for visiting me.
Gold holding Strong months low 1305 We have ADP today and on Friday NFP which is expected bad For usd that can support Gold price
Advice buy Gold in range of 1312-1303 with sl around 1290 where tp1 1330 and tp2 1355
