Break down coming on GOLDUSDANALYSIS ON GOLDUSD
Welcome to my analysis
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4HR CHart
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Interesting Point of interest In the XAU/USD pair.
- Price above 200 day EMA.
- look for sell signals TO GREEN ZONE.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Long term i am expecting move to the upside. Will update soon
Stay Tuned
Xauusdwave
GOLDas per previous charts and expectations we r above daily high and made a hew high, so from this point it can drop deep down, or it will be just another correction for medium term up before the big drop .
now on the chart we can see that it retraced barely above 0.236 and im expecting to see at least 0.382 and if that will be all the correction or it will be part A from the bigger correction i dont know, but this as a structure looks almost finished.
GOLDobviously the first yellow count was not all the correction and latest run up very much looked as a part of a bigger structure.
i assume it will make running flat which shows that the continuation move wont be so big, since on daily/weekly we r at resistance.
but for last part of the structure as per chart im expecting another abc or maybe it will be 3-3-5 structure and we will see some deeper 5 wave c part...
GOLD THIS WEEK 09/17/2018Gold closed bearish last week and was in the weekly pivot area for this week. If the price continues the trianggle pattern then the price will move to the first weekly resistance area, invalid if the price breaks low ($ 1187 / oz). Key support is $ 1187 / oz If it breaks low then it will move to the first and second weekly support area.
Weekly Pivot:
R4 1273.12
R3 1248.06
R2 1223.00
R1 1208.30
Pivot 1197.94
S1 1183.24
S2 1172.87
S3 1147.81
S4 1122.75
Option:
-The price movement in a week can be used as a reference to take positions in daily opportunities
XAU/USD - ShortXAU/USD had broken over the 50 ema but wasn't able to hold on top of it.
It has now broken back under and we can expect the move to continue further lower.
You can put a pending order to short at 1189 just as it breaks its current support area.
The first TP would be at 1180
Second TP: 1175
Third TP: 1170
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Trade safe :)