GOLD/AUD
XAUUSD - Short - Falling WedgeTRADING VIEW
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⏳ 1 Hrs Chart analysis
XAUUSD -TREND ANALYSIS - SHORT
SHORT FIRST then LONG
Target - 300 to 400 pips (in Short)
Tagged Short - trading between the falling wedge
KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account
Tagged Short as I expect only short
📒 Head and Shoulder, Resistance line rejection, Retracement to support area
± 1852 fresh demand zone
± 1898 fresh supply zone
📒 Analysis / Trade Setup / Long and then short
± XAUUSD 1 day chart
± Short-term Bearish # Long term-Bullish
± Fresh Demand Zone level - 1852
± 1868 - temporary support - might break
± Falling wedge identified
± Bullish trend reversal
± A touch down to support needs to be completed
± Go long for more pips
± HAPPY TRADING
Short Target - 1833
Long Target after wedge Breakout - 2150
GOLD 500 Pips rally is underway 3.5% Account growth was expectedGOLD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Strong break of upper side trend line
2️⃣ 1950.00 Minor resistance
3️⃣ Broad weakness of USD,USA election results outcome
4️⃣ 1962.00 next upside target- 50% Fibonacci retracement level
5️⃣ price broke the October high level
6️⃣ 1900.00 Acted as strong support
7️⃣ Technical support - Bull
8️⃣ 1850.00 acted as key reversal-bullish
9️⃣Octoberr high-Immediate support
🔟 Weak DXY- Upward pressure-2000.00 level eyed
#️⃣ Overall bullish trend
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📉 Technical bias-H4-Bullish
Price Above 50,100,200 Exponential moving average
Relative strength index - Reached 70- overbought condition short term fall back expected
MACD -Turned green and well above signal line,oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is turned green-Price is above the cloud
Bollinger band- Price breakout of the band strong bullish momentum
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Key reversal area's
1900.00 Key psychological level
1848.00 September month low
1932.00 October month high
1962.00 50% Fibonacci retracement level
2000.00 Major psychological level
1932.00 Possible entry- Bull
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Bullish entry #Gold
Entry price - 1932.00
Take profit 01 - 1948.00 (160 pips)
Take profit 02 - 1962.00 (300 pips)
Take profit 03 - 2000.00 (580 pips)
🚫 Stop lose 1922.00 (110 pips)
⬆️ 3.5% Growth expected
⤴️ Account growth 0.5 : 3.5
✅ Risk reward ratio 1 : 7
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GOLD SWING TRADE 07-Oct-2020The GOLD has lost its bullish ground on yesterday as the Economic stimulus
talks went in vain and USD got some major bid And gold has reached 1875.00 broadly
And its in retracement phase and we are expecting that it might reach the 1896.50 or
1900.00 level and will go bearish as this levels are the strong resistance for the bull
SWING TRADE - GOLD
Sell @ 1898.00
Take profit @ 1852.00
Stop lose @ 1922.00
Don't risk more than 1% of your capital
Gold Analysis 27/09/2020 - UpdateAs you can see I took an entry based on different confirmations, however this analysis played out to a tee, price broke below support, created resistance on lower timeframes before selling down to our daily support target of 1850. This was a 87 pip trade with almost no drawdown. My students and I entered at 1864.25 so for we caught around 142 pips. A great trade to start the week.
gold idea - 2300-2400 ??... weekly chart - long term viewgold weekly chart showing diffenrent way to use fib to calculate
2300/2400 is or tgt upper channel line
ABC or 5 wave ..... w3 of wave c or coud be wave 3.. one more leg up to complet wave 3 or wave c. then will eye for retracement weather wave 4 or wave a of retracement
check the channel lines how it giving support / resistance
A Fuzzy Cluster of Buillish Probability Bullish Momentum Overnight to thrust Gold upwards to the downard trend line. Worth noting tgat this downward trend line will only offer a mild resistance and the possibility remains for Gold to see all time highs once again in the near term should the trend be breahed.