Xausudlong
Gold New Updated Chart work!Hi Traders, here is the full Update Analysis / Breakdown for XAUUSD .
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation )
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
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5.Always Be reactive & Not Predictive !
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Global Fx Education
Gold Shorter Cycle Elliot Wave OutlookHere is the breakdown of the fifth wave from the lower timeframe. Wave iv should find support around 50% Fib that lined up with a weekly demand zone.
This analysis gives us Elliot wave short-term sell setup and longterm buy setup. DM to see how I will take advantage of this setup.
Longterm Outlook:
GOLD Is Setting Up For Massive Rally - Don't Loose GuardGold is in Wave 5 of the major advance as I've already discussed in the higher timeframe post I published 3 days ago.
Kindly find the related idea links to read full articles.
It's setting up for wave iii of (iii) of 3, and this usually the wave that drives the price so rapidly according to Elliot Wave Principle.
So keep eyes on it! Don't lose guard!
Best of luck on the chart,
Veejahbee!
XAUUSD GOLD BUYS?! SNIPER ENTRY? MORNING STAR FORMATIONGold showing a fast decline due to US and China talks and the Dollar strengthening.
1H Morning Star Formation
4H Pin Bar
Overall if Daily can close above this we may still be in a uptrend.
XAUUSD POTENTIAL SHORT?Two very similar structures appearing with a potential short!
BE EXTREMELY CAUTIOUS. THESE ARE ONLY IDEAS AND NOT A SIGNAL
I have entered the trade and waiting for this to play out
XAUUSD LONGCan gold push higher?
Gold on higher TF'S appears very bullish. Getting entries without huge draw down is my goal.
Had pending set at $1417.21
My $1450 target was already reached in previous trade. Could see a retest of this level. Potentially hit $1460 area
More Political turmoil or negative news would fundamentally push this move up
Risking 1% of Capital
RR - 1/4.45
Red lines - drawn on Daily
Green lines - drawn on 4H (used a combination of line chart and candlestick to find a sweet spot)
Orange lines - drawn on 1H
XAUUSD Gold / USD SHORT 1 HR ChartHello to all watching my charts
Today we will have a look at Gold in USD = XAUUSD
It breaks the resistance
1396
2.7. to Higher Prices for a long position and it
breaks the support
1423
3.7. to Lower prices for a postion in short
The bulls tried to take out 1423 resistance again on 5.7.
but they failed - short sill the way to go.
Since them the direction short has rapidly get in th way so to say
My shorttime channelsystem (purple lines ) show them very clear
and the midterm channel (BLUE LINES) is also short.
At the moment no chance for a long position
if we do not see a higher high and a high low at first
and ! a change of my shortchannel (Purple) from short to long
Good trades
If you wanto to support my work and my charts please like them
Renkotrde
XAUUSD - Predictions for the coming weekI think that as the market opens, we will see a slight increase in price followed by a slow downward trend. This will lead to Fridays short term support of 1338.53 being tested and if we see this support broken, price will most likely retreat to the 1330-1334 range (light blue box).
Following this the market could either reverse and gain momentum, heading towards 1344.76, or break the upward trend line and lose some of what was quickly gained in the past week.
I am not sure on where a lower support will be established due to the many factors which could contribute to price increase or decrease (a big one being trumps twitter account), however I do believe that the 1344.76 will be tested and broken this week. All thoughts and feelings welcome, provided that someone reads this.
XAU USD LONG1284.5 zone a really consistent support for XAU, following some bearish movement over the weekend, a restest zone confirmed, market will definitively begin to rise steadily to the bench marked zones on my chart, creating a new HH and matches the previous (1291.5) in the process.
Gold Short and then big Longmost of the traders are longing right now for they think they have had the breakout and now price will continue to go up.
Little do they know that this is what they do; they trap dumb money, take the price opposite to the direction; take them out and then go in the direction they want.
Unless or until you dont know the structures; you will continue to lose money.
Right now gold is making a corrective structure for one more down before the up; but dumb money is buying right now...
I will watch the show
XAUUSD / H4 / BuyAfter breaking the resistance ,, Market tested that level and now moving up Nicely
Stops below the Swing Low
GOOD LUCK
Trade Green
Gold retraces after massive selloutWarning: This is an aggressive trade…
Left chart:
A very strong upward support trend line since July 2017. We found gold can possibly retrace back to 1294 (near the blue upward trend line) or Fib Ret 23.6% (1298).
If this happens, we may have an alert for a bullish MACD divergence. So we called it as PRE-bullish MACD divergence.
On the other hand,
Ichimoku analysis is still in a bearish structure. We found chikou span hooked upward, and the Tenkan-sen and Kijun-sen overlapped, and the price lies the bottom of the red cloud atm. We may expect it is a very strong resistance.
The retracement may finish somewhere near 1292.43
Summary
As there are no confirmation of bullish candlestick patterns, we seem like bottom fishing gold now. All the best !
XAUUSD reacted off resistance, potential drop! XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement, price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement).
Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
