GOLD MONTHLY CHART LONG GOLD WILL CONTINUE PUSHING UP TO 1786 AND THEN WILL SEE A DROP TO 1550-1590 AND WE SEE A MASSIVE PUSH TO THE UPSIDE.IF YOU WANT TO TAKE A LONG TERM LONG BUY POSITION YOU HAVE TIO WAIT UNTIL GOLD REACHES THE POINT 1 IN MY ELLIOTWAVE ANALYSIS. HOPE I HELPED YOU DEVELOP YOUR LONG TERM VISION ON GOLD . SEE YOU SOON GUYS
Xauusdlongterm
XAUUSD potential double top formation on Daily frame A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
.we suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
XAUUSD approaching resistance, look out for potential reversal!
XAUUSD is approaching its resistance at 1520.00 where it is could reverse down to its support at 1480.00.
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XAUUSD Long Setup (Swing Trade)I see that the correction of Gold is almost done. I have decided to go long. My stop is not very wide but I can still move it a little bit. I'm planning to add more once descending residence broken.
Looks like this is going to be a swing trade. I'm going to update this post accordingly
PS. This is not financial advice.
GOLD POTENTIALLY TO SET BULLISH BUTTERFLY PATTERNIn the long run Gold potentially to set Bullish Butterfly Pattern, if the pattern is finished with the length of CD between 1.61 - 2.24 fibonacci retracement of BC' (Potential Reversal Zone, between $ 819/oz to $ 972/oz) then there is an opportunity for gold price to reverse the trend, the pattern will fail if the price move back above point A ($ 1375/oz)