Xausud
XAUUSD Shorts - First Target 1825.00-Range trading (250 Pips)
- Monday fake outs yesterday
-Yesterdays bearish closure strong but remained above 1825
- Once 1825.00 is hit ill be watch price again for the potential 1800.00 move
Very Bearish on GoldExpecting to enter a sell position after gold attempts to make one last move to the upside.
I'm bearish on gold because in my opinion gold is overextended, looking at the larger time frames (weekly and monthly). Gold had a massive push to the upside now it's time to sell off some of that and this current retracement explains the bearish movement.
Price broke below the previous low which formally acted as a form of support. Now that that previous low has been broken, price made a retrace to test this area and it is now serving as a form of resistance.
This resistance (former support area) also correlates with the 50.0 fib level, which is the level we look to retrace to once we break a support/resistance level.
I am looking for price to ultimate fall near the 1700-1710 level. This area correlates to the -.27 fib level on the daily and the 61.8 fib level on the weekly time frame.
XAU weakness in gold not unprecedented but unfoundedRetested key level and was rejected with hidden bearish divergences. Can fall to 1600. Similar price action happened in March but now there is no excuse.
GOLD forecast as we can see gold has been in a downward momentum for the past couple of months and it looks like price might be testing a significant support and resistance level before making the decision to go up or down so we'll wait and see what price does.
Gold : Reversal ahead ?Looking for a reversal in Gold for a new upside.
1820 is the lvl to watch in case this lvl breaches then would go short but there is divergence bet macd and price.
So let's see ahead how this turns out.
GOLD - BUY - LONG GOLD TO 1970.. lets see how the market will open Monday it could go down from this price little. SL should be 1945
If u like Idea give it a like and follow :) :D
XAUUSD NEED A CORRECTIVE WAVE I think that the market need a corrective wave after the retest at this remarkable resistance
SELL AT 1918 USD
That can happen with a high probability
Descending triangle for Gold and initial targets of USD 1760The structure of Wave IV is in the form of a Double Zigzag pattern, probably the downtrend for gold will be extended up to the range of USD 1760.
In the second zigzag from b wave, the triangle pattern is re-formed and with the price crossing the range 1890 range, we will get the main confirmation for the downtrend. This analysis will be nulled in case the price exceeds the range of USD 1931.
XAUUSD(Gold) ShortsThis week Gold started give us a good opportiunity with buys and sells, but this time we are going to take a good entry with shorts. Price have made a LH and HH where gives us now the first confirmation to going shorts from here, second confirmation is a price where came to retest a 61.8% level and tested very well. As a third confirmation we a have a kind of H&SH.
My entry is 1910
sl-1918-1925
Target 1850
Long Opportunity: Gold make a pull back to up!!!
In Daily timeframe, Gold is formed a possible bearish channel, but now, very important is that Gold make for long-term into a bull rally. Now, as in the past Gold was into the simetric triangle, so we are now going to make the pull back to the $1910 USD.
Now, in H1 timeframe we see a big candlestick and we hope a entry. So, I put a long order limit at $1964 USD. Also, I use the Fibonacci and we hope another entry to this opportunity!!!
Good luck!!!
Remember be inteligent management your capital and your risks!!!
Gold(xau/Usd Profit Target 2 Achieved 406 PipsAs i Told your Pattern Repeated several time is a lot of confluence giving as an edge. we shall be monitoring for another melt down to 1800 level.
If you made money comment below!!
follow me for Gold Setup to 1800 Level
XAUUSD, 200 Pips TP 200 Pips SL09-sept-2020 Gold umder the trend line you can take sell on 1930 with TP 1900 SL 1950
DXY long Major sellas per the graph 90.20 showing the good support zone, and Daily candle also growing green if 4h or D1 candle gets close under 90.10 then might be towards channel support
XAUSUD gold is bullishing above 2030 today.gold has hit the support level in its upward trend and is reversing strongly to hit tp between 2030 and 2050 today.
Note: Please trade with risk management if u are opening buy now.
XAUUSD long - Continuation Pattern - Supply DemandHello Traders!
On Gold we can spot this nice Continuation Pattern. I expect price to go up. I marked all important levels on the chart. These h1 Supply and Demand Zones. Follow Price Action.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
