GOLD - LONG#GOLD Long
H4 Zone Area Making A Nice H&S Pattern
Neckline Is Our 1st Target
If Its Break Then Will Go Up For Higher Resistance Line.
Long
Xauuasd
XAUUSD : WEEKLY TRADE PLAN Gold has risen in three weeks due to a weaker dollar.
CPI data for the US was released on September 14th, and the earlier CPI data was 0.5 percent.
We may see a sideways market in gold this week.
I see a pullback around 1808 and 1800 as an opportunity to go long gold before the US CPI data is out.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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GOLD will come backgood situation for buy specially after pullback. if its useful like it please and follow me for future analysis :)
XAUUSD, Sell on H1.XAUUSD, Sell on H1.
H1:
- Tendency: Downward
- Break and close below support
- Candle: Bearish outside candle
- MACD: Bearish
=> Sell
Gold remained steady near its three week peakGold remained steady near its three week peak on Monday as the dollar recovered some ground but the prospects of more US Coronavirus relief spending and uncertainty around next month’s presidential election put a floor under prices. The Trump administration called on Congress to pass
a stripped -down Coronavirus relief bill using leftover funds, as negotiations on a broader package stalled ahead of the November 3 presidential election.
Technically, Gold hovering on a support zone 1900-1920 with pivot at 1911 and support at ma50 (h4) at 1904. Upside resistance lies at 1922. For the day we advise to stay on buy on dips for upside ma200 as an initial target., a break above and settle scan rise sharply till 1936 or d ma50. A break that says a chart channel resistance breaks can leads to directly 1984-1995 initial resistance zone. Overall buy on dips is advised for the day.
Suggestion: BUY GOLD FROM 1910-11 SL BELOW 1895 TGT 1920-25 ELSE SELL BELOW 1895 TGT 1880/1875 SL ABV 1915
gold sell after pull backwe will continue with our gold sell. after a 61.8% pullback now xauusd is shorting to 1950.
XAUUSD (GOLD) "Short" Bearish Bias ContinuesGold Continues to move in a bearish bias. Here is my analysis as to how gold might move. I'm open to any and all constructive criticism and ideas, please! Thank You!
My 2 Cents on XAUUSDWe saw gold bounce from the 51 (50) period MA on this one hour timeframe recently; and I have a feeling it could do the the same thing this upcoming week
Gold is down brothers
Hope you are are doing with even with after some bad trades and loses
business = loss + profit
From my point of view this GOLD seems to me in down trend
Cypher
Rounded top
Bearish flag
continuation candle stick patterns
So the probability of the down is high then the up
thank you very much
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XAUUSD Break and RetestWe have a H1 volume shift to bearish momentum after last nights drop after a large bullish impulse. It has no closed below a key zone indicating a easy break and retest trade could play out.
GBPJPY BULLISH SET UP GBPYJPY is presenting upcoming bullish set up , expecting retrace not 143.00 or so, going to keep a close eye on my heikenashi candle sticks once price does come down to this area, once momentum has died down I will pull the trigger on this set up, TP are marked with yellow writing, you can scale out of your trade according to your risk tolerance or trading style . Please make sure you wait for the pullback before pulling the trigger. You will see that I only trade GBPJPY and GOLD as it is really easy to not mess things up lol !! im im selling gold I will always be buying GJ and vice versa if I am buying gold I am always selling GJ, this has helped me make sure I am not on the wrong side of the trade.
XAUUSD UPDATE SHORT since Trendline and Support BrokenHello to all watching my charts.
Here we are able to watch a trendchange as is showed
in other currecncy the last week.
Here is how it works in reality:
1. Brake of a trendine ( Long trend here ends at brake
27.10. BLACK LIne
2. Brake of 1 or 2 supports (in addition to a trendline brake
that a sign of TRENDCHANFGE.)
here it is a change from LONG to SHORT
at brake of 1502 as support line.
Than as in other currencies also
"The stone starts to roll"
as we here call it.
Look at the quick fall
Marked with a red Callout.
No we are below these supports and next hold is
1490
after that
1488
as you will see with the blue trendline.
I do hope my picture tells all
Silver looking primed and readyA nice retracement back to the diagonal resistance turned support would be technically beautiful play, you dont get much nicer than that. This is going to be one of my heavier long term plays.
GOLD ()Well i can certainly feel my insides turning because of how this trade makes me feel...very unsecure. Investing.com is saying Gold is rallying, so would a day trader like me make more sense when people are fed otherwise? I guess it would be better to wait until price breaks any of those structures indicated on my chart. I have a strong feeling gold prices will bounce off the monthly descending trendline and go into a large sell-off. Of course the other option is price moving upwards, but we will just have to wait and see.
