SELL-GOLD
GOLD SETUP FOR NEXT WEEK.Hello Everyone,
I see a SELL set up for gold coming up next week, I'm really excited about this trade.
If everything lines up everything that I need after that is a bear engulfing candle for a clear entry.
Thank you.
ALSO if anyone is new to Forex and would like a second set of eyes on your chart please feel free to send me a message, I really would like to help new traders get to their next level of trading.
XAUUSD Short Observing XAUUSD We identified Bearish Gartley formation. DXY is the adjacent pair responsible for half of this pairs decisions. With the dollar raising in cost. Ultimately making the cost of XAU loose value against the dollar.
Expectations is to see the DXY go to 102.20-103 Making gold head towards the 1200 or even 1180 field.
I set up 3 attempts. From conservative to little more aggressive. All StopLoss should be set within red field. And take profits. that suite your style. This is my Short Idea. Link to Adjacent Study listed below.
Happy trading Traders!
KEY LEVELS GOLD Overall bias for gold is still short, but we have come up to so major level and major fibonacci confluence. I will be taking no short trades with targets beyond 1160 until that level is broken. for shorts back down to recent lows however there are a couple of decent fibonacci confluence areas to watch price around for shorts
Sell gold adviceOn daily chart if we see Strong Resistance Seems in gold around 1355-1365 level its ignoring this level for long time. If hold below this 1285-1310 for Gold will not surprise.
We advice Sell gold with 3 levels with small lot sell cmp 1333 next pending set around 1344 level its strong resistance then other 1358 sl for all trades above 1368 and TP1 1313 where TP2 1285