Ons
1470 will be decisive in XAUUSDWe're following the selling pressure in XAUUSD. With the recovery in the dollar index, the downward trend in Gold will continue and 1470 area will be the support in order to maintain the current selling pressure. If the retreat reaches the bottom of this area, we will closely follow 1462 level. In possible upward movements, on the other hand, 1479 and 1483 will be our resistance levels.
GOLD USDwe broke out of the neckline from the inverted head & shoulders formation if we are able to keep above $1375 - $1400 then i expect 1st target to be $1566 by the 0.618 golden fib ratio level. now if we are able to break this with colume and momentum then next target will be $1700 (0.786) fib. $1900 is a possibility but we need to see how things develope after we reach our 1st target. im bullish on gold
Bullish scenario
targets if remains strong:
1/ $1566
2/ $1700
3/ $1900
if we get rejected
Bearish scenario
targets of support:
1/ $1244
2/ $1182
3/ $1044
***this is not financial advice just a madmans imagination.***
Hey Guys.. Are you seeing this ! This is ultimate Setup...If price goes over rectangle my god... Correction over This is rally setup weekly. 1900 to 1045 correction means finished. And starts big rally.. Yes this f.ck is so simple...
26 MAV CROSSED 50.. 50 going to cross 200 mav..,
so what is missing?
only missing that price starts to go upsideeeeeeeeeeeeeee rectangle...
then big rallyy..
but how can we now that it won't go down ? Mannn that is the buying opportunity... Watch small time frames to see a buy setup... No one gives the offer....