Xuausd
How to trade Gold now?
Hello friends
I am Iranian
I can not speak English well
I apologize for this
Gold could not rise after the formation of the flag pattern
Then
Now we see it has become a rectangular pattern
If the resistance line breaks in 1814, it can rise to 1929
That is, up to the middle line
gold short to long potenctialgold showing its coulours as the safe haven just not as most wanted, I am seeing some downside projection, but its more correction on its touch of 1742 so many times, now the required pull bk to grenerate the momentum forward to force gold through 1742 to the 1800margin is being seen
GOLD; New All Time Highs... or Double Top?✨ We provide charts every day ✨
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Ya'll ready to turn some Gold into some Green? Let's get to it. Gold has been in an uptrend for a while now. We are currently looking for some consolidation to give us a fresh long entry.
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STRATEGY USED: Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing an uptrend (Green background color) for GOLD on the 1 hour chart.
2. With this strategy, we want to take long positions ONLY when Fractal Trend signals an uptrend AND then Breakaway Scalper signals a long entry in the uptrend by showing a Green bar color.
3. We just saw a reaction off of R1 resistance, giving us what looks to be at least a temporary double top.
4. Currently we are looking for a reaction at the bullish orderblocks at S1 where we hope to see Breakaway Scalper signal a long entry.
5. If S1 can't hold, we will be looking at S2 and S3 for support as well.
Watchlist for the day & trades taken so farHey good morning from gloomy Limassol!
In this short video you will see my watchlist and the trades taken so far this week and today!
The trades taken are mainly forex pairs but I do have an indicie that I bought (Dax) and im looking at gold (xauusd) for a possible buy!
Anyway you'll find everything you need in the video!