Get started

GOLD-TRADE

CAD scalp update, price action going as expectedAs part of a series of short videos, this is just an update explaining where we are in terms of seeking to scalp the bearish landscape for the day ahead. It also talks about the gold trade that we got triggered into as the US dollar bulls take profits and pack up for the day ahead of Frankfurt later on. we want to see dollar supported, or otherwise, it all goes to sh1t really! at least for the time being. buckle up for the Jackson Hole, 10 am et Friday.
Short
by Ross-J-Burland
Real gold is not afraid of the melting pot! Gold Weekly :)Hello fellow gold traders! ive been busy (not to say lazy) lately and did not publish, im gonna go abit hyperactive and make up for my absence ;) lets start where it should start and take a look at weekly, as you can see price hit the ATH of 2070 which was for a long time out of reach. and as expected, the volume on that candle equals the sum of all the volumes that came before, signalling a more than probable fall. things cant always go up , right ? ;) Now we take a look at that falling side in more details to have a chance of seeing where it might go.... first falling algo, as you can see, correted to its 0.618 fib at around 1999 and then went staright to the first algo target at 1849 and then to the second at 1786. too perfect right ? next algo could not correct for more than fib level 0.45 as the hope for any new ath disappeared and was replaced by the fear. and then went down to first target 1739 but abit short of second target at 1666( fib level -0.618) the move stopped suddenly at only 55%, which is a well known historic support since APril 2020.we will see this level in more details later on.(yeah , lets make this idea 100 page long! XD ) third move was more classic, going to golden zone 0.618-0.65 fib level at 1800-1807 and then head diving, reviving the hope for bears now having targets at 1636 and 1568 (fib levels -0.236 and -0.618) but we have the historic level of support at 1680 blocking the bears target. this level has been tested 4 times, which lets us wonder what will happen in 5th try.... adding some fork might be of some help in this golden mess ;) well, downward as we imagined, and under the median, which suggests going for the next parallel probably. and that second target at -0.618 fib seems to have structural influence too as you can see: this area has been an important zone in past price reactions too if you move back in chart all that together, the probability of moving for the unbelievable , out of reach flashy target at 1555 ...ish increases alot! which could complete a nice ABC (Bear with me XD im new to EW! :P ) adding the weekly rising fib from 1046 to 2070 adds the confluence of fib level 0.45 , which is a common failure to reach the desired 0.5 level, in this zone too. we have enough confluence at that zone to be able to consider it as a probable target while still keeping an eye on that 1680 lulti wick zone. And keeping in mind that its gold, as capricious as any other golden creature we know ;) Wishing you all the best of the best in everything.....and in trading! Onviously not a financial advice, do i look like your banker ? XD Have a great sunday....and always pass a wink to your left ;)
FXOPEN:XAUUSDShort
by BijouBaby
14
XAUUSD - Gold Next Possible MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update Time Frame - H2 According to the Pattern in #LTF - Long Time Frame H-2 it is following #Rising Wedge In Short Time Frame #STF in M-45 it is following #Bearish Channel and completed its retest But according to Level it can Follow Buy Trend from here if it breaks this level then we will enter in #Sell and if it #Rejects then we will enter in #Buy #RSI is in favour of Short Sell Long Term Buy
TVC:GOLD
by ForexDetective
Gold 1 hour : if high break , gold will go up to 1870 so put buystop on yesterday high is good idea (low size sl= 1850) Alert= break 1870 big trendline is 2nd powerful buy signal , gold can go to 1940 red trendline even 2000 again !!!!! i pick buy in low 1832 and move SL to open price now , i want wait 4-5 day to 1940 (fibo 61% there) note = Gray arrow on chart = old orders on pervios analyse IF YOU HAVE SELL , 100% PUT SL ON HIGH 1850 , on gold break high mean 90% new + up trend will start
FX:XAUUSDLong
by ramin_trader2006
1
XAUUSD 4HrGold , XAU/USD , I hope everyone out there had a good 'New Year's Bash'. Well now let's get back to work. As shared in my previous chart we talked about buying small lots @1785, and I hope you all closed it with insane pips of profit. As we see the precious metal hiked upto 1831 this week. As I have been got cut up partying too I couldn't manage time to share my setup update, but here it is! LETS MAKE SOME SERIOS MONEY! You see the Simple S&R levels, playing out good. We see some opportunity of buying here at 1800-1803, taking profit at 1823. Also we sell if the price escalate below 1800 and we take profit @ 1797 and then if rejected then @1789 which is the next support level. I hope my analysis will be helpful again for my followers and viewers. Please Share if you agree. Be careful with your risk management. Trade safe. Follow to learn and earn. Let's make money all together. CHEERS to this NEW YEAR!
OANDA:XAUUSD
by Europeanbulls
Gold: Don’t Buy now, wait for 1743.23We predicted gold to 1750, some people laughed. Now wait for 1743 then press Buy (Risk disclosure) Trading foreign exchange carries a high level of risk and may not be suitable for all investors/traders. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. SafeTraders takes no responsibility for loss incurred as a result of our trading signals\ ideas\ insights. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a decision to copy our trades on your own account. We have no knowledge of the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions. We take no responsibility for money made or lost as a result of our signals\ ideas\ insights or advice on forex related products .
FOREXCOM:XAUUSDShort
by Safe-Traders
2