Shortxauusd
GOLD OTW TO WAVE 5 FROM CURRENT WAVE 4. BELOW 1600 ON CARD?For this set up, I have defined the invalidation level. It is the high of wave 2 (1735.03). If this set to is about to be true then we have ended wave 4 (yesterday high 1729.41 according to the chart I am using here). And we could be otw to wave 5 which wave 5 usually inverse fibo retracement 123.6-161.8% of wave 4 (1587-1543).
Wish u all have a good trade.
ZSL SHORT SILVER with an INVERSE ETFZSL provides a short play on silver as an ETF using futures diversified for times to expiration.
At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria.
A Doji candle a few days ago signaled the end of a brief pullback and so an entry point.
XAGUSD as shown on the thick red line is trending downward.
The RSI oscillator in conjunction with its IIchimoku Cloud shows strong RSI candles
above the cloud.
All in All, ZSL provides yet another way to play the weakness in silver similar
to DUST for the spot gold price action .
peace ? gold goes downas we can see there is a lot of power and pressure from sellers you can see in 1h timeframe that how easily they break such important levels red lines are daily key levels and blue zones are our present resistance levels there is a lot chance that gold continue to falling every peacefull contracts and dealings get this precious metal under dollar even now that iran and usa are negotiating about their contract it seems they have their effects right now whatever there is a lot of power from bears and sellers just look how easily they break key levels with those clean candlestick patterns
please if you guys have any ideas cm for me
Short XAU/USDI feel like I'm posting the same analysis all over again. The market has been soooo slow this week, although still in line with previous post. I just want to reassure that bias is still bearish in favour of dollar strength. EUR/USD had a major collapse and still going -> refer to my monthly analysis posted a couple weeks back. XAU/USD has been holding on for its dear life, I feel like inevitable collapse is pending, with a guaranteed TP at 1700, and a potential for a much bigger move. I could be wrong. What are your views?
Short XAU/USD (swingtrade)Damnn guys! Are we going for over 90% success rate on this channel? :))
Intraday long on XAU/USD was off by a couple of pips, but if anybody followed the signal then nice profits should have been secured with trailing stop loss (1757>1755). Now we're back to the original short swing signal posted last week. Aiming for a TP somewhere in the 1600-1570 zone.
Now, I would be lying if I said I caught the move. I may be good at technical analysis, but I still struggle with personal psychology. You would've been more likely to benefit from my signals than I did until this point (not trusting myself, pulling out too early, entering too late etc). Thought I'd be a little vulnerable so all my traders who ended up in loss this week feel a little better!