Xauusdforex
My Idea on XAUUSD for this first hours of the week I'm looking for a small buy this first hours of market and maybe Monday morning, But first i'm looking to respect the 1640.00 Zone for a retest of the 1650.00 Zone and also looking an M pattern from 15M to 1M with confirmation of respecting Zone reversals candle
Gold Daily Forcast : SELLIn spite of US-China trade war, emerging market instability and political tensions in the Europe and British , the price of gold is to decrease . According to technical analysis , the growth of price was lasted since the divergence had been appeared and it's believed that there is still room for devaluation . In addition, if the price manage to break the horizontal line ( which is shown in the chart ) , it will be bearish trend . Ultimately. the first target for short position is near to the bottom line of the channel and second target would be the Width of channel ........................
XAUUSD : SELL
First T.P : 1262
Second T.P : 1222
S.L : 1324
( Disclaimer : These analysis are just only our own attitude . Any action you take upon the information is strictly at your own risk and we are not responsible for your benefits or losses . )
GOLD / Price has completed an ABCD structure.XAUUSD TECHNICAL CHART
-Price is losing momentum to the upside;
-Price has completed an ABCD structure.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
XAUUSD CORRECTIVE STRUCTURE IN PLAY?XAUUSD HIGH-RISK SETUP BUT SMALL LOSS!
If the price doesn't break that minor zone or start to stall too much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have an SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
Thank you for support and likes. Feel free to comment below.
XAUUSD (GOLD) - CONSOLIDATION RANGE - SCALP AND SWING IDEASXAUUSD (GOLD) - CONSOLIDATION RANGE - SCALP AND SWING IDEAS
If the price doesn't break that minor zone or start to stall too much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have an SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
XAUUSD (Gold) 4hr tf Elliott wave analysisPrice action from $1355.21 on March 26, 2018 to ~$1316.31 on April 27, 2018 is corrective (3 waves) for XAUUSD. Besides, XAUUSD’s (Gold) downswing from ~ $1352.19 on April 19, 2018 to ~$1316.31 on April 27, 2018 held above the support 1 between $1314.34 and $1315.99.
The implication of the above is that XAUUSD should resume a bullish move back upwards as part of another correction (3 wave move) or impulse (resumption of the bullish trend) that should see XAUUSD (Gold) close above the high made on $1365.16 on April 11, 2018. Since both scenarios point upwards for XAUUSD (Gold), trades are safest when placed in the direction of the trend. In this case, a bullish bias is favored for XAUUSD (Gold).
The Target for XAUUSD as indicated for a long position is between $1355.74 and $1355.99.
Point of invalidation (POI) for this analysis is placed just below Support 2 which lies between $1307.94 and $1308.14. POI = $1306.13
XAU/USD tests dominant channel downXAU/USD tests dominant channel down
In result of the surge that was triggered by two disappointing macroeconomic data releases as well as the rising 55- and 100-hour SMAs the price of yellow metal ended up at the 1,273.00 mark. The further advance seems unlikely, as the exchange rate faces resistance formed by the monthly PP and the upper trend-line of a four-month long dominant descending channel that supposedly started to transform into rising wedge formation. However, the overall market sentiment as well as allocation of pending orders suggest that rise of the bullion might continue. In case the pair crosses the above barriers, it will be free to climb up to the 1,287.15 level, which represents location of the 100-day SMA.
XAU/USD tests upper boundary of senior channelXAU/USD tests upper boundary of senior channel
During the last trading session the exchange rate expectedly tried to break through the upper boundary of a senior descending channel. In the middle of the day it even managed to reach the alleged resistance zone near 1,259.00 but then was forced to retreat. Today these attempts are expected to resume due to continuous pressure exercised by the 55 SMA. However, the growing optimist related to adoption of tax bill by the Congress is likely to result in ultimate appreciation of the buck. On the other hand, an effect from this fundamental event might not be especially sharp due to existence of a strong support zone located around the 1,254.00 mark that is backed up by the 200-hour SMA.
XAU/USD soars to 1,259.00XAU/USD soars to 1,259.00
After forming an inverse head and shoulders pattern and bouncing off from the weekly S2 at 1,235.93 the yellow metal managed to advance by 1.23% against the buck. In daily perspective the surge the is expected to last until the rate makes a new rebound either from the 1,263.63 resistance level or from a combination of the 200-day SMA and the 38.2% Fibonacci retracement level at 1,268.00.
However, through the day the soar is likely to be stopped by release of information on the American Core Retail Sales. In this sense, there is a need to take into account the resistance zone formed between the 1,259.00 and 1,259.32 marks and support zone located between the 1,254.00 and 1,253.62 levels, which are likely to squeeze the pair for some time.