GOLD intraday long opportunity The commodity has recently broken out of a channel down to the upside and after the impulse we appear to be forming an expanding triangle structure which would mean price is expected to hit the topside of the triangle soon presenting an intraday long opportunity, we will be observing what happens when price hits the top, I am expecting a rejection giving us a new opportunity to go short until price heads to the bottom area of the triangle, should happen in the coming days.
Goldintraday
XAU/USD Triangle detectedHello guys,
Strong impulsion from the bears, and by consequence the trangle which confirms a great possibility that the price will go up to the triangle and then go down until 1829
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Simple! Follow The Chart PatternFor intraday traders:
Open position inside the triangle buy/sell
For long-term traders:
wait for breakout and then sleep on it
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
GC1 Gold Futures (Buy Signal)Probability: 80%
Read Carefully
The market will keep going up
Take profit & Stop loss: montioned on the chart
If the Green Candle Cut the TP line with Force => use the Yellow line as a Resistance + New Take Profit 2.
If the Green Candle Cut the Yellow Line With Force => Use Orange Line as A resistance + TP3 and use the Yellow Line as a Support.
Note: All Tp & SL ( Manually) and i follow my own strategy to Close the trade
GOLD TO THE UPSIDE BEFORE THE DOWNSIDE CONT?OANDA:XAUUSD
HAPPY SUNDAY TRADERS!
HOPE EVERYONE IS SAFE AND ENJOYED SOME OF THE NICE WEATHER IN TORONTO!
WELCOME TO THE 2ND WEEK OF JUNE! USUALLY A MORE EXCITING WEEK FOR TRADERS IN A NEW MONTH!
GOLD, WE STILL SEE SOME DOWNSIDE POTENTIAL HOWEVER, A RETRACE/CORRECTION TO THE UPSIDE
SHOULD BE EXPECTED, BEFORE DOWNWARD CONT.
FEEL FREE TO COMMENT OR SHARE !
HAVE A GREAT TRADING WEEK!
GOLD CONTINUATION EXPECTED $$HELLO TRADERS AND HAPPY SUNDAY!
FINALLY THE MARKET IS BACK ! WE HAVE BEEN IN AND OUT OF GOLD OVER THE PAST COUPLE OF WEEKS DUE TO ITS VOLATILITY
AND OVERALL BULLISH OUTLOOK. HOWEVER, WE ARE STILL AIMING FOR CORRECTIONS TO THE DOWNSIDE ON THIS ONE!
CHEERS! OANDA:XAUUSD
JOIN US ON TELEGRAM! t.me
GOLD Is Setting Up For Massive Rally - Don't Loose GuardGold is in Wave 5 of the major advance as I've already discussed in the higher timeframe post I published 3 days ago.
Kindly find the related idea links to read full articles.
It's setting up for wave iii of (iii) of 3, and this usually the wave that drives the price so rapidly according to Elliot Wave Principle.
So keep eyes on it! Don't lose guard!
Best of luck on the chart,
Veejahbee!
Gold futures GD sell opportunities from monthly supplyGold futures GD sell opportunities from monthly supply imbalance located at $1310.The exact same look for XAUUSD spot market and XAUUSD CFD. There is a very strong monthly supply level that was created after a very strong drop in price last April 2018, almost one year later price has returned to it.
The supply and demand technical analysis and basic core rules do not allow to buy when a bigger timeframe supply has gained control. No longs are allowed. Potential shorts in the form of new lower timeframe supply levels can be formed on the way down which can provide us with new short trading opportunities on Gold futures and related assets.
As of writing, the yellow metal is trading at $1,304 per Oz. The dollar index (DXY), which tracks the value of the American currency against majors, is currently trading at 96.42; up 1.3 percent from the low of 95.15 seen on Jan. 31.
We don’t need fundamental analysis in order to make a trading decision when we analyse the markets using supply and demand imbalances. We can see that Gold futures is out of balance with a fresh monthly supply zone in control. It does not matter if JP Morgan is bearish or bullish on gold. Analysts at JP Morgan believe 2019 could turn out to be an asset-reflation year, courtesy of the Fed’s dovish shift. As a result, classic safe-haven assets like gold could remain under pressure.
We just don’t pay attention to what analysts have to say about Gold futures or any other asset. strong monthly supply is in control? Short bias
Gold continues sideways behavior in a triangleGold continues sideways behavior in a triangle. Gold is completing a combination correction, wave (a) is a double zigzag , wave (b) is an expanded flat and wave (c) is going to be a triangle with two sub waves to go. The price extreme has occurred at 1187 , a price below the support of 1187 would tell that my labeling is wrong. Happy trading.
GOLD - Trading scenarios.Hello Traders! Very interesting moment!
Possible scenarios for XAUUSD.
Bearish GOLD -
1. Potencial Double Top forming pattern.
2. Potencial Bearish A Gartley.
3. Potencial Bearish Dragon pattern.
Bullish GOLD -
1. Potencial Bullish Gartley pattern.
2. Potencial Bullish Bat forming.
Let`s see.
Possible targets on the charts.
Good Luck! ;-)