Interesting set-up on Gold.Hello Dear friends,
We just saw this high risk/reward opportunity for Gold.
After consolidating for a while, our team think that the bears will take the price over. But you can never know 100% what the market does, that is why we keep our risk-management strict.
Trade well and always protect capital!
Have a good week!
Gold-trading
XAUUSD priority-sales.After the night correction, the price made a turn on the border of the trend line. I will open short positions from the zone of imbalance, because-the global trend has not changed, I see a reversal on M15 in the direction of a downward movement, large participants are gaining positions to sell.
XAUUSD - possible correction.The price is in the zone of imbalance and in the preliminary trading session I observe the accumulation of buy orders. Therefore-I will open a long position if the price forms the first impulsive level in the opposite direction. The ratio of profit\loss - 5\1.
PS about moving impulsive levels, I wrote in my training
Gold posts a double-topGold has posted a double top on the longer term time frame and displayed bearish price action. We are awaiting a pullback to 1518 area before expecting a further move to the downside to at least trend line support. As the US/China trade war seems to be calming down, and therefore expect risk-off assets i.e. gold to pull back.
LTC/BTC long scalpADA/BTC long scalp
falling wedge
MACD oversold curling upwards **already crossed bullish**
.618 area hit for downtrend and bounced
looking for a pullback but unsure of bullish trend continuation.
-CryptoSuf
The lions Den
GOLD: Potential Scenario and Bearish Forecast
hey traders,
after reaching 1440 level we see a clear weakening bullish momentum on gold.
with consequent lower highs and rsi divergence, I anticipate a formation of a descending triangle
with the sequence of new lower highs.
many times bears will push the market to 1380 structure support and most likely we will see a bearish breakout
with bullish trend violation.
if I see a bearish breakout I will follow a trading plan that I have recently posted.
just check the related ideas.
good luck