Xauusd4h
XAUUSD - Important zone to look out OANDA:XAUUSD - Important zone to look out for.
No Recommendations as of now.Wait for the break out.
XAUUSD approaching resistance, look out for a potential reversalXAUUSD is approaching its resistance at 1359.760 where it is could reverse down to its support at 1393.251.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAUUSD approaching resistance, look out for a potential reversalXAUUSD is approaching its resistance at 1364.158 where it could reverse down to its support at 1319.211.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
PULLBACK ON GOLD THEN WE GO LONG AGAIN Gold has shown some incredible bullish momentum. On the most recent bullish move on the 4hr we can see 1-5 impulsive bullish wave cycle till the point of resistance where price is retracing bearish.
Price has the potential to reach the price level i have marked with the grey horizontal line before price moves up bullish.
I will update the analysis according to how price reacts a long the way.
Grey line - entry
Red line - stop loss
Green line - take profit
Risk on trade - 1%
RR - 1:2
Hit that follow button for more value :)
XAUUSD at Multi-week Resistance: Possible BIG SELLGold is knocking at a very STRONG RESISTANCE Zone. This resistance zone as held for the last 3 years. So, there is a high probability that Gold can fall from this area.
In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well.
Hence, traders can look for SELL between 1353-1360 area with SL above 1365.
TPs can be set at 1340, 1331 and 1310 respectively.
My GOLD SELL trading working GREAT! Continuation or Bounce?In Sunday, I posted about selling Gold at the red resistance area. As you can see, that trade is working great so far with more than 250 pips profit.
Right now, it would be interesting to see if Gold can make a recovery. The green lines are the SUPPORT areas from where Gold can bounce up.
So, if you sold XAUUSD with me, take profit if price starts bouncing from any of the support areas.
I believe that XAUUSD will find some support around the 1310 area where can can look for BUY entries depending on bullish price action
XAUUSD: BIG SELL if RESISTANCE AREA Holds.Hello Traders, in my previous XAUUSD Ideas, I have advised you to BUY Gold at support near 1275. As you have noticed, that BUY trade went great and we managed to get more than 750pips. Now, I would like to draw your attention to a POSSIBLE SELL SET-UP in Gold.
As you can see XAUUSD has hit a RESISTANCE AREA on the daily chart(light crimson rectangle.)This is an area where price has reversed lower very sharply on previous occasions. So, depending on BEARISH PRICE ACTION, Traders can look for SELL between 1343-1348 with SL above 1352. TPs can be set at 1330, 1325.
I have also indicated the POSSIBLE SUPPORTs with Green lines in my chart.
Waiting for double-top for a shortGold have rallied the last couple of days. Today the major indexes also rallied which should have sent gold down.
Gold touched a recent and very important high and then turned around. Now we are waiting for gold to touch again and forming a double top before going down even further. We are expecting to see a target around 1300.
XAUUSD: BULLISH TP: Position to 1350 - 700 Pips #Forex #FxProNowXAUUSD: BULLISH TP: Position to 1350 - 700 Pips #Forex #FxProNow
Broke Resistance...
May shoot to $1450
XAUUSD SIGNAL: Buy at Support AreaThe support zone for XAUUSD remains intact. Hence, Traders can look for BUY entries near 1271 with SL below 1265. TPs can be set at 1285, 1293 and 1302 respectively. Look for BULLISH PRICE ACTION on lower time frames before entry.
Gold - Sellers Taking Over? (Supply & Demand)Currently pushed back up into newly created supply and also in an overall selling market. Will not be surprised if we see the sellers push it back down once again. Let's see how it plays out.
XAUUSD: Buy if Support HOLDS, SELL if SUPPORT BREAKSHello Traders! If you follow my ideas, you already know that I have been advising traders to BUY XAUUSD on DIPS at 1272-1275. Through this idea, I will try to present a good trading plan for XAUUSD with complete ENTRIES, TPs and SLs . So, I would like you to read the full analysis as I have attached the daily charts as well.
In the weekly chart, we can see that XAUUSD is currently trading above the 100W EMA, which is a BULLISH SIGN. In fact, it has repeatedly bounced off off the 100W EMA. So, in case this support continues to hold, Traders can look for BUYS at 1275 area with SL below 1266 and TPs at 1290, 1310 respectively.
In the daily chart as well, we can see that 1266 area has proven to be a STRONG SUPPORT. So, BUYING the DIPS near the SUPPORT ZONE is a good plan.
However, in case the SUPPORT BREAKS STRONGLY, SELL ENTRIES WILL BE VALID.
Gold Bounced off Support: Will it Rise towards 1300?Hello Traders! In my previous Gold Idea, I advised you to buy a support zone of 1273-1275. As you can see, price climbed up more than 120 pips from the BUY ZONE.
Now, whether XAUUSD will continue towards 1300 needs to be seen. I still believe in BUYING DIPS with targets of 1300 and beyond.
GOLD Broke Trend Line: BIG Buy if Support Holds ELSE Sell Hello Traders! XAUUSD broke out of a DESCENDING TRENDLINE(Orange Trendline), which is a good sign for GOLD BULLS. However, it dropped back below the trendline almost immediately which makes me wonder if it was a ''FAKE BREAKOUT".
That being said, Gold seems to have found some SUPPORT IN THE LONG-TERM BULLISH TRENDLINE(Green Line) which increases the probability of a BULLISH BREAKOUT in the near-term. We, also have a DOUBLE BOTTOM at 1267.
So, traders can look for BUYS between 1267-1277 depending on BULLISH PRICE ACTION with SL below 1260.
TPs can be set at 1300 and 1312 respectively.
