GOLD ( UNDER BULLISH PRESSURE ) ( 4H )XAUUSD
HELLO TRADERS
Tendency the price attempt to closer a resistance trendline , indicating the price is under bullish pressure , if the breaking this trendline the price stabilizing a bullish zone
RESISTANCE TRENDLINE : a gold line , indicating the price breakout this trend active bullish zone , but stabilizing below this the price attempt to reach a turning level then a support trendline
TURNING LEVEL : a blue line a round 2,326$ , which indicates two cases , the first cases until the price trade above 2,326$ reach a resistance level , the second case the price breaking 2,326$,the price reach support level
RESISTANCE LEVEL : a green line , an area above the turning level , the gold price area for the resistance level 2,345$ , selling have already increase at this level
SUPPORT LEVEL : a red line , an area below turning level , the gold price for the support level 2.302$ , buying have already increase at this level
price movement : the price is under bullish pressure until trade above turning level at 2,326$ , it will attempt to reach resistance level at 2,345$ and 2,360$, if the breaking this level the price trying to reach a support level at 2,302$ and 2,288$
TARGET LEVEL :
ENTRY POINT : 2,326$
RESISTANCE LEVEL : 2,345$ , 2,360$
SUPPORT LEVEL : 2,302$ , 2,288$
Golgtrading
Gold 14-13 is long, bottoming out and rebounding
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Gold, the opening performance of the day was mediocre. Although there was a willingness to go up after the opening in the morning, it still returned to the situation of small shocks. The agricultural data is related. As we all know, the smaller the volatility at the beginning of the week, the stronger the non-agricultural breakthrough. However, last Friday’s bottoming out and the stubborn resistance in the day, the late The decline may be hopeless, and the first support below 10 will also be effective. The follow-up may achieve the necessary anti-twitch force for this effect, while the upper pressure is around 20. There will be a certain breakthrough in this range, and Looking back at last week's Lianyang counter-drawing and Friday's bottoming out, this may be a form of lure, but we need to confirm the trend on Monday. At the same time, Monday is relatively tenacious and has been oscillating above 10. In the later stage, we can still adjust our thinking, but those who are stable still need to wait for a breakthrough before operating. In the short term, gold will retrace around 14-13 and go long. The target is around 25-30, and the loss is 08.
Gold 19-20 short; continue to short unchanged
Gold fluctuated slightly on Friday, with no intention of breaking through. After four consecutive days of decline, this move was unexpected. We had expected a new round of decline on Friday, but after all, it did not It can come true. Fortunately, since this wave of decline, the possibility of a later breakout is very high, and the sideways fluctuations in the small area are also brewing for the next wave of market prices. The transformation of space will further strengthen the later actions, and the current pressure on gold is maintained at the 20-line. On the one hand, this position is the top-to-bottom transition in the previous period, and it is also the high point on Friday, and it is also the suppression of the daily short-term moving average. At the mouth, it is difficult to break through this position when the short position is established. However, in the near future, during the continuous downward process of gold, it will be gradual and at the same time, it will still accelerate when the energy is exhausted in the later stage, then the first target below If it breaks below 1900, you can continue to look at the position around 1870-1850. Next Monday, we will short around 19-20 for gold, and the target is around 10-05
GOld longHello traders, happy new month.
well as the month closed, we have a monthly pin bar which is still bullish. last week it created a doji which is bullish.
On the daily, price has been rejected from the 1967-1980 support range. AS we all know this week there are a lot of news events taking place, lets wait for perfect confirmation on the market and then long Gold.
Trade responsibly.
Please leave your comments on this idea, will reply as soon as possible.
Gold still Down Trend And AslOo make Triangle PatternGold Still In down trend And ALsoOo make Triangle Pattern So if break 1210/1212 than Start Up trend target is 1224/1237/1248/1262/1285 if not hold than next is 1305/1316/1345 And If Break down Side SoOo Continue Down Trend 1194/1187/1180/1173 and If break 1160 than More Down like 1152/1123/1100 and last 1085 Best Of luck