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Xauusd4h

XAUUSD (Gold) 4hr tf analysisPrice swing for XAUUSD (Gold) from ~1353.67 on March 27,2018 to ~$1322.85 on March 29,2018 is identified in this analysis as a 5 wave move. This implies that XAUUSD should complete a zigzag (5-3-5) Elliott wave structure. Arrows used on the chart show the trajectory for price action. The Target area for XAUUSD before a sell off is between $1356.82 and $1351.55. Any sell off (i.e. blue arrow) that follows price reaching the target area should at least see XAUUSD (Gold) reach $1322.85 Point of invalidation (POI) for this analysis is a price close above $1356.82. P.S. Analysis was carried out using FXCM's data and prices mentioned above might vary slightly depending on your broker.
FX:XAUUSD
by Coin_Analyst
XAUUSD should continue to sell off: Short tf (4hr) analysisPrice action for GOLD (XAUUSD) terminated a Primary wave i.e. wave ((C)) at the close on Jan 25, 2018. Price swing from this pivot ~$1365.95 on Jan 25, 2018 up to a low of ~$1309.59 on March 1,2018 can be observed to have completed a 3 wave move best described by a regular flat Elliott wave structure. It appears that XAUUSD is currently completing a minor wave B position after which a minor wave C should see price return to the target area marked on the chart. Target area is between ~$1348.05 and $1343.38. Completion of minor wave C will also complete at intermediate wave (X), which implies that XAUUSD should sell off and return to at least the low of March 1 2018 at ~$1309.59. If XAUUSD holds in the target area, the entire move from Jan. 25, 2018 is therefore going to shape up as a WXY move. Projections that can be used to take profit = the termination point of a wave Y based on a wave W are the following: wave Y = 161.8% wave W or wave Y = 100%wave W (this is more conservative) POI = Point of invalidation for the 4hr tf analysis i.e. Price closing above 1359.58 P.S. Price swing as used by the author is to describe the overall trend in price. It does not equate to an Elliott wave move or structure. Analysis was carried out using OANDA FX's data so prices quoted above might defer slightly depending on your broker.
FX:XAUUSD
by Coin_Analyst
Look for bullis position on XAUUSDwww.tradingview.com Hi traders, The XAUUSD is a correcting phase where we look for short positions trying to take profit at the 32.8% of the retracement. At that value is recomended to start looking to bullish signals. In the other case we look for the 78.6% of the retracement to enter at the market with long positions. The anlisys is clear, the only thing we have to do is to wait for the perfect entrance to the market, but remenber, look for the bullish signal in the 32.8% and the 78.6% of the retracement. If you calculate the extensions of the older waves the market is very bullish in the midle and long term.
FX:XAUUSDLong
by MaximilianoBattafarano
Gold at crucial inflexion point, potential upcoming drop!Gold has made a pullback to our previously broken major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99% where we still have good downside potential. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAUUSDShort
by Tickmill
1
Gold on pullback resistance, potential bearish setup!Gold has made a pullback to our previously broken major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99% where we still have good downside potential. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAUUSDShort
by Tickmill
Gold on major support, prepare for a bounceBuy above 1326. Stop loss at 1321. Take profit at 1332. Reason for the trading strategy (technically): Price is testing major support at 1326 (Fibonacci retracement, horizontal overlap support, bullish harmonic formation) and a strong bounce could occur at this level to push price up to at least 1332 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 7.9% where a corresponding bounce could occur.
FX:XAUUSDLong
by MEX_Exchange
2
Gold remaining under bearish pressure for a potential reversal!Gold has continues to test major resistance at 1332 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). An ascending support line continues to push price against this major resistance causing it to squeeze. A major move in either direction tends to happen in such situations. If price breaks below our ascending support line, this could trigger a strong drop towards 1294 before 1272 (38.2% and 61.8% Fibonacci retracements correspondingly). Stochastic (55,5,3) is seeing major resistance below 99% where a reversal could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAUUSDShort
by Tickmill
4
XAU/USD fails to break below 55-hour SMA XAU/USD fails to break below 55-hour SMA In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected. Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55- and 100-hour SMAs. For this reason, the pair is likely to make one more attempt to reach the upper boundary of a dominant five-month long descending channel. Due to absence of any significant data releases the rate might spend most of this week fluctuating between the above trend-line from the north and technical indicators from the south. In larger perspective, bears are projected to take the lead for notable amount of time.
FX_IDC:XAUUSD
by UnknownUnicorn890690