Xaususd
Possible XAUUSD Move to the UpsideHello Traders,
Here we have Gold on the 30 Minute Time frame. I'm currently looking at a falling wedge forming on the charts, Signaling a continuation in the markets to the upside. We're still waiting for the confirmation so Don't do anything just yet. This is just a trade possibility to watch for. Wait for the breakout of the pattern and find your 3 confirmations to enter the trade long. Let's watch this one closely over the next few hours today.
#xauusd #gold - Fighting for another leg up, 3DDue to the high amount of requests for Gold, here are my two cents:
The odds Gold can grow up until $1550 strongly depend on the outcome of this 3D, looking at where this is struggling right now to hold up, the SMA50 (needs a good bounce from here, little sideways possible), nagging on the R2-Yearly Pivot and the Quarterly Pivot. A decline would be rather bearish nature and likely press down to as low as $1350 levels if breaking $1450. Even if this is solving bullish now, there is going to be the risk of the double top formation.
I have marked the important mid - & long term levels for you to watch closely. At the moment, if someone decides to buy, it would be rather allright to secure, if this is not planned as a long term investment. (Around 3%)
Warm regards,
Neru
XAUUSD - Descending Triangle on the 2 hour - PLAYBOOKAfter initially buying at 1448 I took profit 200 pips up now at the 38.2% fib resistance plus our price structure resistance.
I now see a Descending Triangle in play - go to babypips.com website to learn about it....
I have a sell order at the previous lows in anticipation for a double bottom ... if i see support again at 1446 i will buy again and await the breakout of the triangle
A breakout above would offer 400 pip movement to 1489 as part of the descending triangle playbook. If we can reach 1489 - 1500 may be on the horizon.
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!
Read the Right Side of the Chart : XAUUSD Sept 10thThis pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400
You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me
:
Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't reach the 20-day average daily range, which I believe it will eventually be "paid" the following days which it did during Sydney session today.
Price also trading inside the liquidity pool that I have determined but there is also price zones that I have determined below it and I would love it if price reach in that zone. I would be an interested buyer at those prices, but of course, after there is a bullish trigger.
Depending how volatile this pair going to be this week, if this pair goes off to the upside with momentum, price entering the liquidity pool at 1520-1535, I will be looking for a bearish signal and would seriously consider it as a continuation of the bearish wave
You can read the linked posts below to understand the context of this post and also to understand my concept in navigating the market
GOLD LongBuyLongSellIndicator Analysis -Short is on RowThe Gold analysis is done using the best working " LongBuyLongSellIndicator" script .
I am very much convinced that the Gold price touched the peak here 1440 (recent peak) and now trading in the sideways.
The price may again go up to 1420 but this wont sustain in the same level.
As per the LongBuyLongSellIndicator 6hour time frame the price fall is about to start from here at 1420 level.
We can expect the price drop to 1375 in week of time . Do not long ! Do short
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Attaching the LongBuyLongSellIndicator script below for your reference.
XAUUSD [GOLD] ANALYSING theres a chance for SELL position in xauusd . gold is currently reacing a weekly resistance level. wait for the confirmation of breakout of resistance or for the reversal from resistance. If it reverse back then its going to be the best Sell Position . Just my views. Invest carefully manage your risk.
Gold - Playing with Fire The Plan:
Long Gold, if close at or above 1272
SL below today´s lows
The Why:
Speculating on double bottom here and end of larger corrective move
RSI Divergence
Positive CoT
Gold corrected for 3 month (feb - apr) in terms of time but only gave back gains of 1 month (jan), indicates corrective move and bullish bias
Gap in GDX got closed
Monthly looks like a cup and handle is forming, this could be bottom of handle
Inverted SHS on lower time frame (30 min)
FOMC bait? NFP (tomorrow) real?
Sentiment is not in the dumpster yet, but low enough that this could be the low espacially after FED massacre
The Risk:
If 1265 breaks it could get really ugly for couple of days before the bottom, that is why i use stop there
Will update targets on weekend, depending how today and tomorrow play out
Good Luck!
GOLD 3/4/19What a waterfall on GOLD , after pulling back another 80 pips yesterday. Gold is now sitting at the $1288 level which aligns with the 261.8% fib extension. I am expecting consolidation before continuing lower into the $1280 region...which I believe will finally act as support for Gold . If that is the case I will look for long opportunities to retrace higher possibly into the $1300 key price level.