XAUUSD Forecast and AnalysisHow To Trade OANDA:XAUUSD For The Next Week
Wait for confirmation and breakout of the channel
Xauusdwave
XAUUSDXAUUSD
4h
Gold (XAUUSD, $1,803) finally managed to overcome previously broken support , which was acting as a resistance. The next level of resistance is downward sloping dashed line will open way to $1,835 - 1,850 if broken upside!
XAUUSD ShortXauusd forming bearish pennant on 4H wait for a breakout on 1H timeframe for our next trading opportunity.
A break and close below the 1755 area would open the door for the 1724-1700 area and 1680 in extension.
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This is just an idea, not financial advice.
XAUUSD Shorting Opportunity After Confirmation.Gold is currently in a descending channel.
Keep an eye on the 1855 Area for your next trading Opportunity.
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Good luck to you!
Don't forget to like and share, it really helps.
Stay tuned.
This is just an idea, not financial advice.
After long research!Finally I found the subwave after correcting the counting on 4 hour time frame. Here it is... (it is still in Corrective Wave, not and Impulse) FX:XAUUSD
Key points of XAUUSDGold has been in the bearish trend, but got a reversal on all the moving averages on the upside. But this week being the NFP week, we will wait for a further fall. Mark the points and trend lines given in the chart for your next entries. The trades should not last for more than 2hours if you are an intraday trader.
GOLD Wolfe Bullish Up TrendHi Traders,
Gold, which is in a downward trend, started the bullish movement with the Wolfe Bull formation, which is a full return formation, I shared the Tp1 and Tp2 points in the analysis.
Gold , xauusd analysis update Gold analysis update, A bullish correction for the descending wave
Then the landing is completed by another downward wave.
LONG for nowFinally hit my short TP at 1903 although it overshoot to 1885 level.
But anyway lets get back with bull for now.
I was expecting to long at 1860 level but it seem gold may retest 1960-1970 first before further downside.
Look for long on XAUUSDWait for an rejection or wick in this area then wait for that rejection to close, then take the LONG position.
XAUUSD LONG (2000+ POINTS) After the fall on Friday due to the FED news, we saw the gold rise steadily with few retracements on the way, forming the wave 1 of our overall journey to the 2090 dollar per ounce journey. The gold is presently on the terminal of the wave (with a hidden divergence sighted on the RSI) and we still have some bit of upside before the first major retracement to the 1950s
XAUUSD GOLD DOWNTRENDXAUUSD Gold to have reached top of wave 3 showing traits of change in direction. Let's see how it goes.
