Update on short Gold30 min bearish engulfing candle the red boxes are where I'm planning to do a early entry on my shorts but will keep a tight sl 10% can also be used as a sell zone if it gets rejected there but i will sell if the hourly candle can not close under the .236 which is the bigger red box
im still sitting out and sitting on the sideline waiting for my opportunity
Xausd
XAUUSD | Gold Price UpdateDisclaimer: NOT FINANCIAL ADVICE | Please Like and Follow if you agree.
I think gold will go lower. right now the price is at the strong support level and I expect that it will go up to the 1650 area and come back down if the price goes down from the 1620 area then we can short it and the next stop is the 1530 area.
📉EURUSD 08/29/2022: pressure to continue❗️📉 Priority direction: Down .
📝 Description: The pressure on the euro is likely to continue. Level 0.99125 will be tested by sellers. Before the start of the test of this level, there may be a small recovery, which is likely to be limited to the resistance level of 0.99995.
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Gold Making A Bullish Turning Point-Elliott Wave analysisThe impulse from a new high or new low is the most important price action when it comes to change in trend. It’s a clear move with no overlaps between waves 4 and 2, which confirms that the current recovery is strong. We see this going on gold. So more upside after a pullback is expected.
XAUUSD (HIGH PROBABILITY BUY SETUP SOON)On Tuesday, Gold was about flat to $1711.3, the yellow precious metal was below its 20D MA (@ $1770) & below its 50D MA (@1813), the 14d RSI below (26.18) indicates gold was over sold, while the precious metal has been consolidating for the past few days despite the fact we have seen weakness in the dollar index.
Here we can see clearly the latest news for Gold, & we can see clearly the RSI is showing us a clear DIVERGENCE on the H4 time frame, which is showing us clearly the HIGH PROBABILITY BUY SETUP soon with XAUUSD,
Keep a close eye on Gold worlds number 1 precious yellow metal, Happy PIP hunting traders.
GOLD possible selling zone!!GOLD is moving along this falling channel and it is likely to hit the resistance today.
there could be a selling opportunity once price action is formed rejection from the top.
On the test of daily 20EMA, we could see rejection.
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high chance to hit 1890 todayhello everyone!
i just saw a good pattern and there is high chance to hit 1890 today,
its risky to trade on monday specially begging of the market.
be careful of your orders, and never forget to put stop loss to your trades.
dear friends please follow, like and share your ideas in the comment section.
thank you all.