GOLD-TRADE
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.
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CHEERS to this NEW YEAR!
GBPJPY | Wait for breakout.GBPJPY is trading in a bearish parallel channel.
Current price suggest the activity is slow down near resistance. Two things can happen now!!
Trade plan 1:
Buy when it breaks and close above the channel
TP: 157.380
SL: 156.420
Trade plan 2:
Short when it test the trendline or resistance zone and close with bearish candle
TP: 155.600
SL 156.850
Gold: Don’t Buy now, wait for 1743.23We predicted gold to 1750, some people laughed.
Now wait for 1743 then press Buy
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As per planetary cycle GOLD next moveHere gold has to take support of 1848..
I don't thing it will break 1847....
Before any close below 1847, gold has to bounce till 1840-1860
It's purely based on astro...
I recommend to buy keep sl 1848 below close.... But it's impossible
Thanks & regards
K Sureshkumar
Gold counting the new impulse!!Hi, everyone,
The gold market is in bullish sentiment. if we consider it as a start of a new impulse move of price action.
We are still at 3rd wave of the Elliott wave theory. So hopefully we may see the gold price to change positions to new heights within the next few weeks. Thank you and trade safely.
GOLD PREPARING FOR A HUGE SELL-OFF: MULTI YEAR ANALYSISAfter the crazy run-up we saw earlier this year GOLD is finally consolidating. Is it ready for a drop?
The monthly RSI peaked at 84 points. The last few times that the monthly RSI peaked above 80 points we saw a retraction of 35% to 45% in the period after the RSI peaking.
The $1400-$1500 level is chosen specifically because it’s an area of resistance which has been holding strong since 2006.
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