Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Demand Zone Fibonacci Level - 38.20% Consolidation Phase
Reason Behind Buy 1. Breaked Resistance @ 2340 2. Rising Wedge Pattern formed 3. Next XAUUSD/GOLD Move towards New High Possible @ 2378 Overall Possible outcomes XAUUSD BUY @ 2340 SL 2330 TP 2355 TP 2 2378
Looking for pull backs or breakouts going into next week to look for longs
Chart Speaks itself 14% Bullish rally is visible formation of classical HH, HL Combination of breakouts, Chart patterns (C&H, Bullish Flag) Enjoy the ride
Price closed at 2007 Price action remain bullish Expected to see price correct near 1980 then continue till 2040 Keep monitoring the geopolitical situation in Middle East ,high tension gold will continue bullish Also please note that this week on Wednesday FED interest rate decision. So be careful and restrict with with risk plan Please leave your opinion...
I'm interested in a tight Order Block entry seen on the 1 minute time frame. I like how it swept out previous liquidity and started towards the upside. The stop would be safest below the Fair Value Gap that the point of interest dipped into towards the left. And I would target the equal highs above.
Here The Price Has Taken The Sell Side Liquidity Out And Made A MSS By Broken An Intermediate Term High, We Wanna See the Price Dropping On Monday Below Friday's Low As A Manipulation That's The Best Aear To Enter Longs Then The Price Will Look For Higher Prices.
hey traders a am looking at gold and i am seeing a possible rally until it reaches the supply zone then from there i can execute sell properly. but for now i am the gold migh continue retestin on this sideway trend on its owaer timeframe and do short sells and buys. how about your trades?
xaausd by long time i think it will rise from 1930 to reach 2300 by long time if does not happen it will fall down to 1800-1820 then it will be very strong support then it will rise to 2300 ..
XAAUSD is making a symmetrical triangle and it can be upward or downward.. You can trade accordingly
Expect the price growth to the specified target . XAUUSD (GOLD)
Price: Is making a higher minimum after rejecting Resistance RSI: just rejected the trend line .. higher low follows price still (on a weekly basis) In 4 hours, the RSI is making a double bottom 12% - 15% profit / risk : 3%
Patterns always repeat. Gold looks to be back on its bull run. could shoot upward to 1800-2000s with currency uncertainty. Look for a 1600 or a 1580 pullback.
H4 frame gold wait for breakout Moving to resistance line 1:6 risk to reward Lets see that
Found broadening wedges pattern in TF-h4. However, I'm not sure if it is descending broadening wedges. Firstly, I thought it was a flag pattern, but the chart got wider and already broke the resistance line. I'm not telling this if it is gonna bullish or bearish because this can be a false break if it continues falling or bearish if he follows my prediction draw lines.
A potential move for gold using Fibonacci retracement. I expect it to pass the 1725 resistance below and retrace to the 0.236 level before continuing to push up to the resistance levels above. TP1 = 1735 TP2 = 1750 Please let me know your thoughts!
Currently Gold has created a trend reversal pattern which is a signal for a new trend. I will wait for the break out of the channel , retest then I will enter my buy orders. Let me know what you think in the comments below.