Xauusd4h
Drop of 2000 to 3000 pips comming in gold september
Hi there,
Gold looks very bearish and ready to go for the final wave in the weekly chart, target 1500
I have sells open with tp 1500, will close only near this target
Everything is setting up for a big crash on gold , as dxy its looking about to make a big move to the upside as well.
Dont miss this trade of the year
Good luck all :)
XAU/USD - 4H Chart ForecastAs per previous forecast, gold are rallying up to making wave 1 in Daily Chart.
First target top of wave 1 is at 1797.
From the movement, can see clearly that wave 3 in sub wave M30 chart are making wave 3
and if not extended it will be stop somewhere 1784.
since wave 2 are sharp, we might see wave 4 in ranging bfr continue to wave 5.
Please take note that validation counting support at 1739. breaking this support will having wave recounting.
*Trade at your own risk, my wave counting has been simplified to 3 wave movement.
GOLDJust a quick heads - up... If you love trading gold, I urge you to pay attention this pattern (Bullish falling wedge) all the time. Especially when there is a divergence forming with it. The pattern is much clearer on the H1. I will be looking for long positions.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Exercise patience and proper risk management.
XAUUSD-Long#XAUUSD-Long
H4 Timeframe analysis.
Gold has touched the same heigh recently. And seems to move in ascending triangle. As it falls from a high point it pulled back from a strong level which was acting support for the market in the H1 timeframe. So technically gold is again going to show buy move.
XAUUSD, Going UP or just FAKING..?Bullish Channel trapped inside Bearish Channel
and price respected strong rejection and TL at 1815.
Watch 1815 zone on 4H TF.
For Bullish Momentum it must
break above 1815 zone by tomorrow.
We'll then enter LONG once Retest is done
else we will be having major breakdown.
(Check my previous analysis for bigger picture).
GOLD ANALYSISGold has been recovered past few days quite well. From the monthly chart, We can see Bullis Head and Shoulders pattern forming. The weekly Chart also has the same pattern. On the daily chart, we have seen a nice move to the upside.
After this impulse to the upside, we want to see a correction to at least the 1785-1790 region before continuing the upside.
So, we will be looking for the price to give us a correction and we will look to go long if all the rules of the strategy satisfy.
Feel free to ask me anything :)
XAUUSD AnalysisOkay so, past 2 weeks gold gave a big drop of 100 USD which was expected as it is completing its bullish heads and shoulders in one month's chart which means a big bullish move is loading. Markets have been trading in a range for some time now. So, how can we approach entries???
We still have a bullish bias on gold as it's retesting a strong 61.8 Fibonacci level and we expect that gold might move up from this region.
If you want to take a long position then take it do not wait because it will give you a +300usd move to the upside if head and shoulders pan out and caution do not short it's all just manipulations wicked market is doing to us. They just want to shrug off some positions by taking out their stop losses.
Now, a request I want to make with you guys ------ I am an experienced forex trader with a verified record. But I have some financial constraints as I have not much savings and I am a college student.So if you please help me with an account that I can manage I will do it for you. Please I REQUEST TO YOU. HOPE YOU CAN UNDERSTAND MY SITUATION. I REALLY IN NEED OF THIS PLEASE HELP ME, ANYONE, PLEASE
you can test me if you want but please help me
Gold will continue its downtrend shortDue to recent Federal Bank decision, I believe that this downtrend will continue in following days however we can expect several pullbacks to support and resistance. At the moment all fluctuations are fundamentally rather than technical or price action moment.
Please like and follow
Gold might drop again if the bulls fail at 1895Hello traders! My previous idea to sell Gold@1900-1910 was a huge winning
trade as Gold dropped to 1854. I hope you made money from that idea.
(Previous idea attached below for your reference)
Currently, Gold is near the 100 period moving average in the hourly chart.
Price seems to have found some resistance near the 1895 level. So, if this level is intact,
another fall is likely.
So, I recommend selling the rallies @1895 with SL above 1910 and TP at 1850 for another
huge sell trade.
A pullback is possible in GoldGold appears to have hit a hurdle in the 1910 level.
The bulls are unable to take out the 1910 level and we have some
consolidation in this area.
At the same time, US Dollar seems to have found some bids.
This can lead to a pullback in the price of Gold.
If gold continues to struggle in this area then selling Gold@1900-1910
with SL above 1920 and TP at 1845 would be a possible pullback trade.