This H1 chart of XAUUSD shows the intersection of 2 main resistances on the short term.
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...
Price will bounce off support (Neckline) to form the Right Shoulder round about 1323. Due to minor resistance, price will then see a drastic drop to the 1310 area.
rsi macd looking berish ,sell gold 1343 stop 1354 tgt area 1320 and 1300
Im in a short on XAUUSD because of a confluence of : Possible end of micro sentiment to the upside. Trend zone. Supply Zone. On a 4hr 38.2% Fibs
With the market being overbought.. this can a good opportunity to look for sell entries. I considered some minor and major false moves starting at market open. My set up is based on the daily chart and my possible entry and exit on the 4hr. What do you think?
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...
Sell gold on daily chart if crossed trend line on cci, and its close to cross it, target 1135
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
Gold H4 Setup provide the ABCD pattern ... We are going to short gold from this pending level with long term targets . Good Luck
On 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
Gold Trading at 1353 Formed double top at 1357 level in H1 and H4 if hold below 1358-60 Level We can see a correction till 1336-38 Sell Gold cmp 1352 sl 1359 TP 1340