Goldsetup
Where will Gold Be Consider VERY Bullish?Gold breakout of the descending trendline + resistance after completing an a-b-c triangle in wave 4.
I will be watching the price for a potential retest of the broken level and continuation higher.
While the price is still trading below the blue line, then it's a tug of war between the bulls and bears. The break of wave b high, the blue line, will give confidence to the BULLS!
Are you buying Gold or Selling? Let me know in the comment!
Thanks,
Veejahbee.
XAU/USD Long Gold Bullish setup
Resistance Levels: 1932.86, 1945.05, 1936.31, 1960
Support Levels: 1900, 1886.89, 18750, 18480
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XAUUSD and Buy Area (21/7/2020)Buy limit
1813.245
SL 1810.070
TP1 1816.960
TP2 1820.270
TP3 1823.825
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
XAU/USD Potential trade - Weekly ForecastIf it can stay below the upper triangle line, I reckon XAU will keep falling to the potential target one and two in the next few days.
This analysis based on the technical analysis only, and this analysis fails if it can break out and close above the upper triangle line.
XAUUSD|Gold LONG UpdateSo I trigger in long on market open I manage to get 3/4 my position around 1807. Already in nice profit. I have revise my target as the 1.618% fib @ 1858 area. Makes sense to me looking at the bounce from the below 141.4% fib. Stops at 1805 just incase market changes its mind!!