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Xauusdprediction

GOLD (XAUUSD) is ready to resume SELLReasons to sell A correction pattern according to Elliot wave theory has been counted vividly as shown on the chart We also have a complete harmonic pattern at the 50% fib. level of the whole impulse swing. Expecting Gold to fall for Wave 3 or wave C as long as the invalidation level is not broken Therefore we are trading either wave 4 correction or we are trading anew impulse wave Write in the comments all your questions and any instruments you want me to analyze . Kindly push the like button if you think the idea is useful - that would be the best THANK YOU. Thank you.
OANDA:XAUUSDShort
by ABDOLLAR_FX
5
GOLD Pullback to 1625.25| Downtrend in the making| 3March2020GOLD IS DEVELOPING A NEW BEARISHNESS DOWNTREND 1586.55 start with a new robust demand towards 1625.25 after a 'selling climax'. Is this is a new beginning of a Gold downtrend? Most of the trader selling Gold due to cover their margin lost at Dow Jones market crash. The coronavirus is in the critical first wave development. The market crash has send down to Gold due investors selling. China try to cover the pandemic to not let the world know how bad it is. The pandemic is now spreading faster and penetrated to the South Korea, Iran, Japan and some of Europe countries like Italy. Investors dump stocks as fears mount that outbreak has not been contained and investors scramble to reassess impacts. As investors punished stocks and oil, they fled towards safe-haven assets like gold, government bonds and select currencies. Gold, which is historically seen as the safest of bets in troubled and uncertain times, was sent on a roller coaster on Friday. While the Gold set low to 1586.55, this would be the very good from all of the investor to start to pump up gold again as asset in the future. Benefit from the coronavirus was the GOLD will pushed lower thus the lower price in GOLD would be the discounted price to buy from below intrinsic value at the cheapest price. It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week. So its plunge Friday -- it fell as much as 5%, the most in almost seven years -- caught many traders flat-footed and scrambling for explanations as to what had just happened. The most often heard of them: Gold investors don't want to sell but are forced to cover the losses in other asset classes. It first started with forced selling from equity investors who also sold their gold positions to cover their losses in equities and also to cover margin calls. For me, selling price is much more easier to happen rather than to push upward. The historical gain on the past last month February 2020 has been erased within 1 week period. The buying plan to get the GOLD push forward higher will take sometimes gaining periodically when there is nothing major event impacted the gold and more lowest interest rate could help. Looking forecast 1.75% to go 1.50% on 17-18 March 2020 Fed FOMC plan. Gold is forming a bearish downtrend for the first time in history will to be continue. Robust demand to 1625.25 before GOLD will pushing downward to cover the economy from fear of margin call stock from investor will be continue. Dont forget to subscribe if you like the post. Thumbs up. By Zezu Zaza
OANDA:XAUUSDLong
by Zezu_Zaza
XAUUSD UPDATE SHORT since Trendline and Support BrokenHello to all watching my charts. Here we are able to watch a trendchange as is showed in other currecncy the last week. Here is how it works in reality: 1. Brake of a trendine ( Long trend here ends at brake 27.10. BLACK LIne 2. Brake of 1 or 2 supports (in addition to a trendline brake that a sign of TRENDCHANFGE.) here it is a change from LONG to SHORT at brake of 1502 as support line. Than as in other currencies also "The stone starts to roll" as we here call it. Look at the quick fall Marked with a red Callout. No we are below these supports and next hold is 1490 after that 1488 as you will see with the blue trendline. I do hope my picture tells all
FX:XAUUSDShort
by Renkotrade
XAU/USD Gold weekly overviewXAU/USD Gold weekly overview On the chart we see that currency rate 9 days ago bounced up before key level $1236. That was a signal that big players want to get more fuel for continue of the trend. Also, as you see on the chart there are bearish moving from 4 -month range $1300 — $1360. After such accumulation of volume, the price can't turn it direction in 1 moment. I think the price will continue moving down to key 13 months low $1204. Only near $1200 — $1204 we will be able to look for short.
TVC:GOLDShort
by Yuriy_Bishko
3
Gold Has Shown signal for Short....Gold (XAUUSD) has Show signal for short Take a look at this chart. Price made a fake broke of key level $1307.66. H1 close under it. Also, that level is under that huge Range where big players accumulated their position. I think that can start a strong move down. I opened Sell at $1305.12 S/L: $1310.25 T/P: $1265 If the price will move down that will be R: R — 1:5 or higher. Look for buy ONLY if the price will break up $1310 and H4 -D1 close upper it. Only if candle close u will be able to open buy.
FX_IDC:XAUUSDShort
by Yuriy_Bishko
13