XAUUSD -Gold/Dollar: Possibilities AnalysisSince price has been following upward to retest resistance (down/green) trendline, it can attempt to test other resistance: the past high swing & resistance at that price as is (blue line).
Test of these prices resisted may be needed to ever start a short condition, yet Daily TF:(Following image) shows attempt at resistance (MBL slightly upward (yellow line), but green/red moving down), so I assume price will rise higher most likely to later form a better sell opportunity as it now slightly consolidates to "subtrendline" or the uptrendline.
Xauusdtips
XAU/USD, DAY CHART, NEUTRAL & SHORT (20-NOV-2016)Gold price is falling toward the strong support zone near 120x
If the price breaks the support zone, look for pull back and short this trade.
If the price bounce back from the support zone, need to monitor closely again.
Trade with right risk management
XAUUSD LONG TERM INVESTMENT IDEAON THE DAILY CHART PRICE IS MAKING ITS FINAL PUSH BEFORE A BREAKOUT FROM THE BEAR FLAG PATTERN.
PRICE WILL MAKE ONE MORE FINAL DESCENT TO THE MAJOR SUPPORT TREND LINE.
WAIT FOR THE BREAKOUT OF THE FIB AT THE 1355.02 LEVEL.
STOP LOSS IS 1338 LEVEL.
THERE IS NOT PROFIT TARGET ON THIS ONE. JUST FOLLOW THE TREND.
XAUUSD : PRICE OF GOLD IS FALLING-Price of Gold significantly fell during Friday's trading session amid strengthening in US dollar.
-American currency supported by strong data on the US labour market.
-NFP for July amounted 255 thousands, slightly less than the previous of 292...
-AHE grew 0.3%
The indicators recommend SHORT positions.
Support : 1331.19 (local low) , 1327.10, 1320.00, 1310.33 (July high)
Resistance : 1338.22 (local high) , 1346.25, 1350.80, 1358.12, 1367.00 (Aug high)
Short positions can be opened from area 1329.10 with TP target area 1314.44 and stop @ 1334.44.
2-3 days
(GOLD) 4hr - Speculation and AnalysisWe have reached a small potential reversal zone. shorting
Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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Different perspective on gold.Earlier we were hoping for a short term short knowing that the general trend is bullish.
We took 20 pips in the old trade and we have a new trade setup here.
We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy at this point if your a aggressive trader or wait for it to break out the minor channel before making a move.
Gold vs Dollarwe have a minor and a major channel in daily.
if we break the minor channel ( break the red line ) heading upwards, we can buy till we head to the top of the major channel and watch for price action there, we will either break the major channel confirming medium term buy or we test the end of the channel one more time heading down.
or
we break the minor channel to the downside and inside of going up first, we go down to the end of the major channel before heading back up again.
remember that this pair is bullish so upside is in favour in general.
Gold vs Americano Dollarwe have 2 time frames here for mid term and long term analysis.
Daily
- We have a almost complete head and shoulder pattern, if things go according to the head and shoulder pattern, we should expect a nice downfall from this point and on
- RSI divergence
- MACD divergence
4hrs
- Broken trend line with a retest already done
- RSI finally heading down after being in a overbought territory for sometime.
- great win to loss ratio