Xauusdforex
XAUUSD UpcomingHello friends, I wish you all the best.
I think it will complete the 3-4 waves in Ounce 1675 and go on the attack for 3-5.
I am waiting for 1782 as I mentioned in the 3-5 wave chart.
This analysis is not investment advice.
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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.
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