Gold-trading
GOLD Short From Resistance! Sell!
Hello,Traders!
GOLD went up suddenly
Probably on some fundamental news
Perhaps concerning the midterms
In the USA, but we are as always
Concerned with the technical outlook
And the thing is that Gold is now
About to retest a strong horizontal resistance
From where a pullback is possible
Sell!
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XAUUSD Gold Next Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
Following Falling Wedge in Short Time Frame #STF - H1
" 12345 " Impulsive wave completed in Daily Time Frame will Follow Buy Trend For Corrective wave " ABC "
" 4th " Impulsive wave completed at the Strong Level 1650-4 and can make some Bearish Moves for " 5th " wave
Break of Structure #BOS rejecting 1650 with Rejection Price Action
If Break the Current Level then Buy
If Reject then Sell
Selling Divergence #RSI
XAUUSD GOLD NEXT MOVETechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H2
IMPULSE CORRECITON - Completed Impulse and Corrective waves " ABC " it will again Follow Impulsive ( Bearish )
Breakout the Current Support Level "1650 "
Sell after it Retest
Bearish Channel in Long Time Frame #LTF
XAUUSD Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar)
Time Frame - H1
FALLING WEDGE in Long Time Frame #LTF in H4 and Rejecting from the Lower Trend Line
LEADING DIAGONAL in Short Time Frame #STF in H1 and Completed the " B " corrective wave
According to " Elliot Wave " it has completed " 12345 " IMPULSIVE WAVES and now it Follow Buy Trend to Complete its Correction " ABC "
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
BEARISH CHANNEL in Long Time Frame #LTF - Daily and can reach the Lower Trend Line #LTL and its next Strong Level - 1635-40
IMPULSE CORRECTION in Short Time Frame #STF - H1 it has completed the Impulsive waves and Now making Corrective waves " ABC "
It has completed the " A " corrective wave and if break the current level 1666 then " B " will be at 1650
Selling Divergence #RSI in Long Time Frame
Long Buy after 1690
Sell After 1650
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M30
BEARISH CHANNEL in Long Time Frame #LTF - H4 and Rejection from the Lower Trend Line #LTL
ELLIOT WAVES in Long Time Frame #LTF completed Impulsive wave " 12345 " and now making Corrective waves " ABC "
BULLISH CHANNEL in Short Time Frame #STF - H4 and Rejection from the Lower Trend Line #LTL
If Break out the Demand Zone and Lower Trend Line with Retracement then Sell
ELLIOT WAVES in Short Time Frame #STF completed Impulsive wave " 12345 " and now making Corrective waves " A "
#Buying Divergence in LTF and #Selling Divergence in STF
XAUUSD GOLD Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
BEARISH CHANNEL in Long Time Frame #LTF - H4 & Rejecting from the Lower Trend Line #LTL
BREAK OF STRUCTURE " BOS " and Retest at Fibonacci Level - 23.60%
IMPULSE CORRECTION - Making its " C " Corrective after Impulsive waves
Buying Divergence #RSI
XAUUSD Next Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - Daily
According to the Long Time Frame #LTF we have BEARISH CHANNEL in Pattern
Elliot waves " 12345 " forming up it has completed " 4th " Impulsive wave and Heading Downwards to complete " 5th " wave
1640 is a Strong Level if it reject then it will Follow Buy Trend
XAUUSD GOLD Next Move 31 AugustTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H4
According to Daily Time Frame ( Long Term - #LTF ) we have ELLIOT WAVES
It has completed Impulsive waves and making Corrective wave " B "
It is currently standing at the Fibonacci Level - 23.80% If it breaks this Level then it will Follow Sell Trend
1708 - 13 is a Good Daily Support Level we need to wait until it Breaks or Reject this Level
XAU/USD - GOLD Next Move 30 - AugXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Pattern in Long Time Frame #LTF we have BEARISH CHANNEL
In short time Frame #STF we have Bullish Channel and Rejection from the Lower Trend Line #LTL
It has completed its IMPULSIVE WAVES in #STF and now its making its Corrective Waves
It has also completed the Retest of Break Of Structure #BOS and Started following Bullish Trend with Strong Bullish Price Action
XAU/USD Gold Next MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Long Time Frame #LTL we have Falling Wedge Pattern and it has Rejected the Bearish Trend from the Lower Trend Line #LTL
If we look in Shorter Time Frame #STF we have 2 Strong Levels for Sell ( 1745 - 1753 ) if it rejects from these Levels then we can Enter in Sell
Another Thing we have is Strong Buying Divergence in #RSI
1753 is a good Level according to Daily Time Frame and Fibonacci Level - 78.60 as well
XAU / USD Gold New Week MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H4
According to the Long Time Frame #LTF - Daily it is following the BEARISH CHANNEL Pattern and its about to Reach the Upper Trend Line #UTL
It is also Following ELLIOT WAVES and it has completed its Impulsive wave " 12345 " and now its making its " B " Corrective wave and it can reach 1712 till the Fibonacci Level - 23.60%
In Short Time Frame its Following the IMPULSIVE WAVES now its making Correction " XYZ " then it will again Follow IMPULSIVE WAVES ( Bullish )
Its possible it can reach the Resistance Level ( 1714 - 1723 ) then Reject
Long Term Buy after the Breakout if the Upper Trend Line #UTL and Retest