$XAUUSD resistance is on hold Gold is unable to break above the 1780 level with confirmation and is forming hanging man candle. Looking for a most probable failure and a pullback lower
Xausud
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see.
If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it.
Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND.
Test various instruments yourself and just get convinced.
The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips.
GOOD LUCK!
XAU/USD RISKY!! I wanna know your opinion ... Let's talk about GOLD!
I rarely trade gold on moments such this but let's analyze this pair.
The NFP numbers were decent, today we saw a big fall in the price due to the fact that the 2509K was much better than the forecasted -7750K BUT ...
The actual situation of US doesnt seem good.
From a technical point of view , we find ourselved at a very good support level 1670-1675 that was tested many times and worked, even today the price bounced right back up reaching 1682.
There is another very nice support line that helps my analysis...
If I had to enter long on GOLD I would right here
XAU/USD BEARISH? WHY?So I was saying XAU/USD is a bearish we just have to wait for confirmation from the oscillator, stochastic (5,3,3) have shown a bearish hidden divergence. SHORT CONFIRM and RISK MANAGEMENT IS KEY.
GOLD- GC1! - XAUUSD - M30 - Intraday Analysis - Gartley PatternGOLD- GC1! - XAUUSD - M30 - Intraday Analysis - Bearish Gartley Pattern
We are in a Major Bullish trend , but the price made a bearish reversal and we are now,
waiting for a pullback and expecting that the Bearish Gartley Harmonic Pattern is completed
@ the 0.618 Fibonacci Level to enter SHORT.
Our target will be the 0.236 Fibonacci level.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Entry: 1702.50 | Stoploss: 1708.50 | Takeprofit: 1685.50 |
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
If you like this idea please click the like button to support us, thanks.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
XAUUSD - GOLD BUY TRADE MARKED ON CHARTGOLD LONG TRADE MARKED ON CHART
PLEASE DO YOUR OWN DUE DILIGENCE AND ANALYSIS, TRADE AT YOUR OWN RISK
SELL GOLD SELL XAUSUD
Entry : 1738 - 1744
SL : 1751
TP :
1715 - 1725
Bearish Flag
Over Bought
Disclaimer - Buy/Sell at your own risk!
XAUUSD : Triangle Pattern is still in focusXAUUSD is still forming a Triangle Pattern and we should watch a breakout soon. Both options, up and down , are in equal weight I guess.
Adjustment for new XAU/USD Long to 5 wavesXAUUSD long to 5 waves, because waves 3 to 4 have simetricaltriangle pattern, then up to 5 wave (1.272 Ext).
i use fibonacci relationship for calculate Targets.
you can buy in 1680 or 1687, then TP 1. 1720 and TP 2. 1751, SL 1670.
*NOT 100 %, but you can use this for learning.
Gold will drop to 1500Bearish divergences on the weekly and RSI dropped out of a rising wedge and retested it.
#Gold #XAUUSD Full Top Down Weekly Analysis With Trading PlanTraders,, Gold has been pretty consistent with our technical analysis. We took 3 positions in last 2 weeks which worked out exactly as expected. More opportunities are coming on Gold.
Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
Continuation To Our XAU/USD TradeThis is a continuation to our Gold trade back in May 2019.
July 2020 will be when gold will start being back in demand.
This sell off is mostly a result of cash strapped countries needing liquidity.
Buy GOLDWe are currently in 50 % Fibo correction from last movement.
The levels around $1616 will act as a support and we will see new raising and new higher levels.
The main resistance will be previous top at $ 1700, the next one will be $1727.
What movement do you expect for Gold?
Leave your thoughts in the comments below.
golden ideaheres the breakdwon on gold., the pink lines are zones. looking for gold to drop due to corona and dow drop.
Long Buy opportunity set upDouble touch on Weekly, enter now with tight stop loss and if break below, on the chart can be seen the possible buy entry at lower price.
XAUUSD 60M Sell SetupIm expecting downmove, and this down move could be a reversal of all time down trend. At this level XAUUSD have very good potential for down side. so will look only sell setups not up side because up side will be very very limited.
XAUUSD: Key Resistance @ 1611. Watch for Reversal.Hi Traders,
It seems as if price may retest the most recent high at $1611. I'm looking at this current structure as a ABC regular flat, with the expectation that wave C will come in 5 waves.
Wait for clear confirmation before taking any sell positions.
Regards,
Wave Theorist
GOLD IntradayAn important resistance level was reach at 1587, where seeing hold right now.
We expect correction within this day.
Initially the price could reach $1581. If we see break below these levels, it'll go to $1576.
