GOLD-TRADE
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 MOVED HIGHER - WHAT'S NEXT After falling to the 1760 level, Gold sharply moved up 1400 pips straight. Retracement level is holding a supporting at 1880, bulls are intact and eyeing to stay above 1900, psychological level until unless see get dramatic news out for Gold.
BUY SETUP FOR 1900 TRADE LEVEL GOLD showed a strong push today towards 1900 but multiple rejections at resistance showing some reluctance, we will buy Gold at a little lower level to enter a rally towards the target. Copy the setup in your trade. Good luck.
XAUUSD APPROACHING 1900 LEVEL AGAIN After falling to the 1760 level, Gold sharply moved up 1200 pips at the 1876 level. Retracement level is holding a supporting at 1830, bulls are intact and eyeing to hit 1900, psychological level until unless see get dramatic news out for Gold.
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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Gold ideaOpportunity for gold
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Buy setup for gold spot tarde as mentioned on chart, ignore current upseide move there will be a rejection form MM. any second upside move can be taken as confirm long trade setup !!!
Gold: The best trade to make right now| Emerging currency TrendThe markets are driven by 3 key indicators:
1. Sentiment
2. Fundamentals
3. Technicals
The sentiment on gold is that it's a safe haven. Gold always retains value. Gold moves in cycles that're far apart because it measures the value of things in society in relation to it's natural scarcity.
The last gold move was after the 2008 recession.
Before that there was a signaficant move around the dot com bubble.
In this "Great Lockdown " there's bound to be a cyclical move in Au and all other commodities in sequence due to the fundamental inflation/deflation that's devalued in relative terms.
The dollar is still the reserve currency - until the yuan gains that disrupts international trade flows.
The demand for the USD is apparent. But I have 'strong opinions weakly held '. Flexibility is the name of the game and being firm and nimble is not a paradox but a requisite trait of professional traders who operate in the currency markets.
Technicals are indispensable tools that enhance precision and are mastered by skillful professionals.
All skills can be learned but trading remains the hardest way to make easy money.
The major vice is risk management.
Setting the golden ratio in the the trades will rationally lead to gold. Each trade is a ration of gold facilitated by the golden ratio in terms of returns garnered from risk-adjusted returns.
Gold give us well-founded example of Reversal Strength by PINBARPinBar strength :
Looking at all Pin-bars, reversal occurs whenever long Pin-bar made. If the price closes 1706 around or above , there will be Pin Bar which is the sign of reversal. Gold give us well-founded example of Strength of Reversal.
If you take minutely the small things , you will know in advance the big things .
No change till in GOLD analysis. There is no change in GOLD analysis, We are at the pullback on gold will take soon resistance .
After the some time, I will update the accurate level for trade on GOLD
2618 trade on golddouble top, break of structure, pullback to the 61.8
stoploss above the 113.
educational use only
BTC bull scenario Ascending triangle reversal.
Ideal scenario is a close below 4800 creating a bullish divergence on RSI to match the bullish Reversal pattern.
MACD will bottom if the pattern holds. It is the most negative it’s been since the drop after the 2017 bull run.
If this ascending triangle holds, I believe this is THE bottom. If not, 3500 is the next support and I’ll watch and wait at those levels
DXY IN CONSOLIDATION PHASEDXY HAS BROKEN ITS TREND LINE BUT IT KEEPS HOLD ITS FIRST DEMAND LEVEL IF MARKET BREAK THIS LEVEL THEN FURTHER IT WILL DROP
APART OF IT US GOING TO MAKE SOME DEAL WITH CHINA SO IT DOESN'T SEEM TO BREAK THIS AREA SO DXY WILL BE POSITIVE AND ALL PRODUCT WHICH IS INVERSE TRADE WITH IT WOULD BE NEGATIVE.
GOLD DROP INCOMINGDear followers,
in the chart shown above we can see that gold has been losing it's bullish momentum and might retrace to certain levels mentioned on the chart.
please use the correct risk management when trading gold as this commodity moves fast.
