Xauusddaily
GOLD: Approaching Resistance Possible DownHi Dear,
I See the Dollar Index will grow soon.
Its time to sell now approaching on resistance?
If i change to higher time frame (Daily) it seems like bull flag.
I use sell on 1780-1785
With Stop loss on 1790
If you have any idea, leave comment below and like this post.
Appreciate it if you share any idea.
Thank you
XAUUSD DAILYMy take on friday, IMO will be bit more action today nothing drastic until next week though.
LDN should bring it up to atleast the 1820s if it breaks through we could be look at 1836-1850 during before it comes back down, but IMO this scenario will only happen if LDN can bring it up above 1820, if not back to 1808 we come if this zone is broken possibly will reach 1800 before the end.
Drop your opinions on what your thoughts are!!!
XAUUSD Daily analysis First XAUUSD broke the daily support of 1920.00 and made a big move to the downside. After that big impulse market retested to the 0.618 Fibonacci. In the retest, the market created a head and shoulder pattern and a trendline. I made an analysis explaining from here why we wanted to see XAUUSD made a move to the downside. The market broke the trendline tested it and made an impulse to the downside. Now, Recently the market has tested the 0.5 Fibonacci of that impulse. If you don't have an open position in XAUUSD this is the right time to sell XAUUSD. We can see XAUUSD move to 1830 or 1815 this month.
XAUUSD - CRASH PENDINGAn update to a previous idea - CLEANER CHART
From what i can see gold is consolidating on all lower timeframes, it is testing support and from what I can see we are ready for a crash
Price was previously on a downtrend and made a big recovery and just kept rising.. If OIL is anything to go on it did something similar before dropping and as we all know patterns usually take place on multiple instruments
GOLD is no different and I can see it dumping before a big recovery
GOLD Analysis Next Week (18/05-22/05)Last week's gold price has increased by more than 3% in the past week and reached the highest level since November 2012, as the attraction for safe haven of gold has been strengthened by increasing trade tensions The Trump administration has accused China of mishandling of the coronavirus outbreak and the conflict between the two superpowers has escalated after US President Trump said on Thursday he could sever ties. with Beijing. Meanwhile, the deepening global economic contraction, before the 19 pandemic, prompted investors to seek safe havens such as gold and USD.JPY.
From a broader perspective, massive monetary and monetary stimulus deployed globally to counter the unprecedented effects of the virus will continue to benefit gold, which is often considered a hedge against inflation. issues and currency disputes.
On the other hand, next week, all eyes will be on the speech of US Federal Reserve Chairman Jerome Powell on Aid, Relief, and the Economic Security Act before the Banking Commission. , Senate Housing and Urban in Washington DC.
In terms of technical analysis
The major time frames are mostly indicative of the upcoming XAU / USD appreciation, with gold prices last week after peaking at 1751.8x since November 2012. Strongly created earlier around the 1747-1748 threshold. In another aspect. Last week gold price continued to close the weekly candle. The harami bullish candle is showing the increase of gold price but the price still closed below 1741.8x. the resistance zone of 1748 is still showing a slight correction before rising again, and there are some profit taking activities here.
In the H4 time frame, the price has completely broken the triangle and the trendline has dropped before that. The supply zone D1 is quite strong around the 172x threshold. In the medium term, H4 continues to appear the cup handle up pattern. This is indicative of the uptrend of the upcoming gold price. In order to complete this model, I personally expect the gold price will have a slight adjustment before rising again.
My personal opinion. Any person who sells according to the strategy I had given before in 1748 will continue to hold.
And here is the upcoming GOLD trading strategy you can refer to.
XAUUSD buy around 1730-1731 SL 1725 TP 1746
Signal Swing :
Buy GOLD around 1724-1726 SL 1716 TP 1748 TP2 1771 (buy zone demand zone created earlier and fibo, trenline confluence.)
Good luck