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Xaulong

XAUJPY Rally?Analysis -XAUJPY looking bullish after showing signs of a reversal. Sellers pushed price down into support but the following day, buyers bid up the price to back above support before the second daily candle close. -The 2 candle price action resulted in a bullish engulfing setup AT SUPPORT which is a bullish sign. -The third day (after daily bullish engulfing candle) price formed a red inside bar which is indicative of consolidation on lower time frames -On the 1H time frame, price just broke a bearish trendline to the upside. -There is also bullish RSI divergence on the 1H time frame which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 144,336 (Enter long after price pulls back) -Stop Loss: 143,170 (Set stop below the lowest daily candle) -Take Profit: 146,668 (Set targets at a minimum of 2 times your stop depending on entry) = 2R *Trade Safe and at your own discretion!*
OANDA:XAUJPYLong
by Mankz
SHORT XAGUSD Testing Resistance, Prepare For ReversalXAGUSD is testing its resistance where we expect to see a reversal. XAGUSD is testing its resistance 16.20 (horizontal swing high resistance, 61.8% Fibonacci retracement ,61.8% Fibonacci extension ) where a reversal to its support at 15.51 (61.8% Fibonacci retracement ,100% Fibonacci extension ) Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by FlowState
1
LONG Gold bull's eye $1,325 for further upsideGold prices have been undeniably bullish on the daily timeframe . Prices have been respecting a healthy uptrend since early December when a solid breakout above $1,240 was achieved. With the precious metal repeatedly creating higher highs and higher lows, bulls are clearly in the building. Gold has the potential to rally towards $1,333 once a solid daily close above $1,325 is achieved. If $1,325 proves to be a stubborn resistance, Gold is seen slightly correcting lower before re-challenging $1,325 once again. This setup remains valid above the $1,303 higher low.
OANDA:XAUUSDLong
by FXTM
Gold looking to produce a down gartley around $1317/20!Believe it or not, it is just a matter of time before we could confirm that Gold has carved a major top at $1326 levels. The recent price action in Gold reveals that prices could be poised to print below $1300 levels if not further. With prices bouncing off from $1303 levels yesterday, it could be possible that a down gartley is underway before it resumes lower again. Moreover, fibonacci convergences point to a surprise rally above $1317 levels as well. Again looking at the overall structure, Gold n=might have terminated the last leg of a huge triangle consolidation around $1326 levels earlier. If this structure holds, prices should remain well below $1326 levels and continue drifting lower. Please note that a break below $1276 levels would be extremely encouraging to further bearish outlook. Overall bearish outlook remains until prices stay below $1326 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDShort
by FXTM
SHORT Gold remains vulnerable below $1326 levelsGold prices might touch $1217 levels intraday before deciding further short to medium term direction it seems. As discussed earlier, Gold might have hit a major resistance at $1326 levels recently that has potential to remain a major top going forward. Also, on the shorter time frames, the yellow metal might have produced an impulse between $1326 and $1302 levels respectively. Furthermore, the subsequent rally also seems to be corrective till now and might find resistance around $1317 levels or already found one at $1315.50 levels respectively. The short term counts suggest that the metal could be poised to continue dropping lower towards $1295 levels at least if not further. A break below $1280 levels would be extremely bearish for the yellow metal and a long term reversal could be on cards. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDShort
by FXTM
1
Gold I'm neutral on.Highest point buyers moved was 1321.87 which is the white line. THEN SECOND lowest point 1319.60 which is the the yellow line Then price moved down to 1318.25 to the purple line. price moved lower each time so buyers are dying out. However the new candle stick opened closer to the high then it did to the low of the candle. so thats why I'm going to wait to 1306 to sell. because to much spikes happen near that zone looks like a trap zone. everytime near that support level it kept spiking up. See the green candle look how it wicked up 50 pips and closed higher mad fake outs at that zone and the daily candle that happen after the green one look how it closed higher! from that last wick it was at the pervious day why didn't it close lower I'll be patient. If I’m going to sell at 1307.30 I’ll take profit like 1298.64 Risk reward you wanna settle for 45 pips ?or 100 pips
FX_IDC:XAUUSD
by MR_XAU
1
Gold - We're in for a Gold "crypto rush" - Goldrush 2.0Log view, we're sitting nicely on 0.236 Gold won't break down below this triangle if not oil breaks down... Currently there is no way to change the vehicle fuel to electric, it will take 5-10ys of development. Trucks haven't even made that shift yet. (Tesla/Volvo not there yet) Gold currently costs more and more to mine with a absolute breakeven at 1100, a more just estimate would be 1150 and growing with rising oil prices + physical demand + scarcity. Conclusion --> this could lead to gold rush 2.0 (if u think prices can't move much above mining cost for 1 oz... then think about Bitcoin trading at 16k costing 1.5k usd to mine with the best equipment... This would put gold at 13k so don't bring up that crap) TRUMP will be able to secure the US future by driving up the Gold prices to pay of national debt and regain control with Dollar as the world currency. This is not a farfetched theory. We can either have a new world currency --> crash horrible situation on earth, wars before that happens... or Anarchy cryptos --> blood war and suffering before their utopia will be achieved by the banks capitalisation... or pragmatic deflationary cryptos like Ripple --> slow increase of the populations power compared to the banking cartell .... or higher gold prices --> a fair spread out of power of the world regions USA,Europe,Asia deflationary non anarchy crypto + gold backing or just as a reserve investing option could once again slowly assure the power given back to the people in regaining control from the evil satanic twats in control of wealth and everything that happens pretty much the way it does and has been on earth. It's your choice which future you choose to invest in. I would recommend one that causes as little people killed or harmed as possible
OANDA:XAUUSD
by thefreedommatrix
XAUUSD (4h) Long setup, simple structure trend cont.Simple structure and trend continuation setup. We have previously strong resistance to, hopefully, act as our support in this trend continuation trade. Together with the support, we also have a trendline which should add to the case. ..and we also see the double bottom at the previous resistance level. This pair has been respecting structure and trend thus far, the only signal I needed to enter was the bullish engulfing which is seen on hourly. We're in, target previous highest close. Stop loss below trendline. (Break and close under trendline will invalidate this setup for me.)
FX_IDC:XAUUSD
by timmynorin