Hi guys! this is me again, I think the wave is now in correction, shaping a 5wave pattern for wave C of greater ABC , Also RSI supported my idea. 1900 is a good zone for deciding based on implications. waiting or taking action is up to you! but I recommend you not to lose 1900! lets see! hope it helps!
TOPDOWN ANALYSIS: Shows Monthly downtrend = strong bearish signal, and shows a December uptrend = short-term bullish signal ACTION PLAN: 1.) Wait for price to show its true course - with long momentum candles (because holidays can cause consolidation/ pauses in the market) = before making a decision MAGIC IF: 1.)If market trends upward with...
Its easily done. You see someone selling gold with some half decent analysis and jump right in too. You see others writing about it - it makes you feel like this is going to be the one. The one that makes you big money before Christmas. Truth is, the money you make is never enough anyway. Even if it was you would keep going, trade after trade. Until this...
Hello traders! Today i want to share with you an idea that i have in the XAU / USD for the long term. Keep in mind that it is a vision on a DAILY chart, so it probably has a time horizon of couple of months. Gold recently broke important level of 1800, price even bottomed at 1765 - last top of previous correction, where lot of retail traders had their stoplosses...
GOLD buy on our strategy. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following...
Good morning traders today i am having a look at GOLD, i am of the opinion that gold is going to fall in value today as a result of the economic news that is coming up at the start of the New York session. i have put my stops just above the highs of the week and i would like to ride the correction to form a lower low on price action and then enter another trade...
Price is approaching my resistance trendline. If it does holds, then i should be going all south to my support. If it does break, north in go. Lets see though.
Double topping gold with Neck line 1690, wait to retest that area and sell the gold! Target 1610. Technical analysis only, watch out for other fundamental news. *The Trade u gain or loss is not responsible to me*
#EUR_CAD 1H here we're in a strong resistance level in wave (b of (y) we'll expect a drop through the wave (c ideally to 1.49297 level . if the price breaks the 1.55478 the scenario will be invalidated .
XAUUSD FINALLY TOUCH THE MONTHLY SUPPLY AREA SO I AM EXPECTING A VERY LONG TERM SELL , BUT FOR NOW WE CAN SEE A REVERSE MOVE FROM THE CURRENT LEVEL AS WE KNOW ABOUT GOLD IS IN VERY BULLISH TREND FROM LONG TIME AND IT WILL TAKE TIME TO REVERSE THAT LONG TERM TREND
In these uncertain times, it always feels good buying gold. Now that global markets have been in such a positive rally, gold has risen in price as well. For this trade, I propose a simple set up. We will try to monetize the bullish scenario, where we assume the trend will keep pushing the price up, perhaps with a small retracement inbetween towards a newly found...
On a 5M (Scalping Timeframe) There appears to be a Short Term Descending Trend Line on Gold, I have placed Stop losses behind this and a 1H Descending Trend Line 7:1 Risk to Reward
hey dudes i posted this to check if this can happen .....What are your analysis :)