Xaushort
GOLD Fake out before Break out??Hello Traders,
Gold looks like its following the bearing pattern but, we wont know until the next point & figure :P
TRADE SAFE and we will know by the next DAY!!!
I WILL UPDATE TOMORROW MAKE SURE TO LIKE AND FOLLOW
Look down below for related ideas & videos on why this is a short!
XAUUSD H&S formation neckline brokenXAUUSD has been showing bearish signals since the head was printed. The daily showed bearish divergences.
The neckline has now been broken of this H&S pattern.
Should be getting a re-test of the neckline once more (the red zone) before moving down to a first target of 1436 and then 1405.
Good luck friends.
This looks like a good trade to be in.
Xau downfall as Dollar Inflates! (Stay Tuned) Shorted at 1535, now with inflating dollar we could see more downside.
- Tp: 1453
- Tp2: Tentative
- Sl: Trade at your own risk
--> Next we want to look for possible retrace after this downward pressure.
--> Followed by a push even lower as indicated in my Chanel on the weekly time frame.
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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.
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.