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GOLD will fall morepreviously gold made a huge down trend to 2036 are to 2005 area.because of the strength of the dollar had been increasing.So in that case we could expect a more dollar rejection to the upside .Dollar is going up means gold will fall.Not as vice versa but direction are completely opposite . on the other hand gold will rise fro a long term but we have to see the reaction of the gold in the range of daily channel if it breaks bellow gold should sell if it does not happen then gold will move higher again currently gold will test the lower trend line in daily time frame.we are only looking for selling opportunities because trend is our friend. Good luck
OANDA:XAUUSDShort
by rasindu2003
3
1.236 fibo hit and rejects, time to go BULL?Yesterday's news was unexpected. Why? simply because it shot up after dipping down. As usual, there's a zone or area that forces it up. In this case the 1.236% touched and didn't hesitate to close the day with 800+ pips. As per my previous analysis, now it has closed above the 38% monthly fibo retracement. The daily has also closed above the weekly fibo retracment of 1.236%. The AO is showing divergence with the weekly timeframe, we need to wait for the end of today. Now what do i do? Follow the news that's always telling something false. Be with people who have fear and greed? Which? Well for me, follow what the market tells you to do. In this case, it's telling me, im ready to go long. But I've got a few things before i decide to be in a trade. To be precise, 3 things now. 1) Wait for the end of today(friday) weekly bar has to close above the 38% Monthly Level. If it does, i will watch next week to break this week's resistance to become support to go LONG. If it doesn't i will do nothing. It needs to be RBS. 2) Watch for today's movement(price action) in smaller time frame(h1-h4) at the 38% Monthly fibo, if the pull back happens and rejects there, i will try to go long. If closes below, i will continue to short. 3) Lastly for whatever reason, If it closes below the 38% monthly fibo, i will continue to stay short. Follow the market, don't guess. Risk Management your trades.
EIGHTCAP:US30Long
by Muhammad_syafiee
A simple quick trade on DXYI just saw this by accident and it looks like a good setup. If you see what I see, this is a low risk trade and generating 2.54R. It also means, all currency pairs with USD as a base currency will be relatively stronger. Here is my trade: Long now at market: $93.28 Stop Loss at $92.64 Take Profit at $94.95 Risk Reward Ratio = 2.54R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee . As always, move your SL when you are in the profit zone.
TVC:DXYLong
by machintose