Goldbuy
GOLD BUY SCALPQuick buy scalp
M5 chart Moving averages crossed over.
We have a double bottom on todays daily low prjce maybe tested one more time.
Currently expecting a buy
So lets see what happens.
Ps price when I was maki g the chart was just under 1810 and now it is close to the first tp...
Thougbt? Drop a comment
Thanks for viewing.
Purchase transaction carried out!!!Waiting for the breaking of lateralization. People still do not detect the change in trend that is why the price lateralizes so much.
We have certain clues such as the regression of themselves lower and the exits of the ranges to the upside. We just have to have a little more patience.
As Warren Buffett says: "Money goes from the impatient to the patient."
GOLD Swing Trade and SetupI am currently holding three positions on Gold (1 initial entry and two positions when price created a swing that meets my entry criteria). I am hoping to scale in and also make another final entry when price closes above the current zone. A break of the triangle pattern with a momentum candle could give be a confluence that price is continuing up and willing to break the current key area it has been consolidating in (8 & 14 EMAs have been moving close to each other). My initial target is 1800.00 on all positions. Should price not get to 1800.00, I will have at least locked enough profits.
*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at your own risk.
#Trade_Like_A_Magnate
Cuo and handle?So i noticed this pattern
In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases.
The cup part of the pattern should be fairly shallow, with a rounded or flat "bottom" (not a V-shaped one), and ideally reach to the same price at the upper end of both sides. The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts from 1 to 6 months, while the handle should only last for 1 to 4 weeks.
What do you think?
Gold wont Break 2000 this year idea is to short and continue short until we hit 1490 . we have been rejected from 382 levels and 618 levels ( which was also 50% levels if you check on fibs i made ) so now its heading towards 786 levels which are at 1750-54 which can play as good support to play longs but if we close below 1750 on h4 or daily next target will be 1729 for shorts . we can look for longs at 1729 with sl 1726 for target 1750-70 which is 618 levels but if we break 1725 and h4 or daily close below it next short target will be 1680 this time . Good luck
GOLD W3 July 2021GOLD
Long Setup
Continuation trade:
👉🏻 Price has successfully broke the H1 and H4 OB as forecasted. We could see some minor pullback at least to the 1792 area which is also the 50.0% retracement level. Price should be entering some sort of minor corrective movement first before seeing some bullishness.
GOLD W1 July 2021GOLD
Long Setup
Continuation trade:
👉🏻 NFP did brought a bullish impulse off 1860 level, but yet to break the previous structure. Price is still within this corrective move/reversal pattern, yet to be confirmed unless broken out of. My confirmation will be some sort of break above 1797 level and a retest, before going long. This will be in my top watchlist which I will enter personally next week.
Outlook for Gold: Pullback presents an opportunity to buyHi everyone! Our call on gold last week is playing out nicely. For this week, we maintain a bullish bias on Gold, with prices holding above a key weekly and daily support area at 1763.14 - 1768.80, which lines up with the 78.6% and -27.2% retracement. A pullback to test this support zone presents an opportunity to play the bounce. Keeping in mind the views on the weekly time frame echo a bullish bias, a break above our H1 resistance could at 1794.50 could see more upside in gold prices, with 1820.20 as our next resistance target.
Gold long in progress 🤘Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren.
18 June: Gold bounce is comingHi everyone, gold prices could see a pullback to test our entry in line with the 61.8% retracement before a bounce. Our stop loss is placed slightly below the previous spike with partial take profits along the way. The final take profit is at the 61.8% retracement from the daily time frame.
XAUUSD dump coming to an end??Analysis done on the weekly timeframe and is therefore a longer-term analysis. I may post a short-term analysis later so follow me to make sure you see that.
FOMC impacted lots of pairs last week, making gold drop around 1000 pips which is mental. A lot of my setups were invalidated due to fundamentals so i'll be posting new and updated setups this week.
As for gold, this is what i see. There are 2 trendlines forming a wedge pattern, which suggests a breakthrough soon. I also have 3 S&D zones marked out, ideally price will bounce up from the top zone, but there's a chance for price to spike down to the trendline. If price comes down to the bottom 2 zones then the bottom trendline will be invalidated, but not my long-term bullish bias.
Since price dropped due to fundamentals, it may have a correction.
I'll be looking for confirmation to enter some longs on low lotsizes.
Remember to follow to see the short-term analysis and any updates.