Drooelm

Drooelm

Entry: 1873 | 1879 SL: 1870 | 1871 TP: 1915 | 1930 | 1951 #DrooelmFX

Drooelm

XAUUSD How I See It Happening. Asset price currently at resistance, expecting bears to get in the market.

Drooelm

Gold is back in the channel, on its way to 1960 (liquidity point). Key price areas: 1910, 1930, 1960. #DrooelmFX

Drooelm

I'm still holding my LONG position on GOLD . I will only close the position once the price breaks below 1882 (See the Green dashed line). ______ #DrooelmFX

Drooelm

Xauusd Update: I see Gold coming back to retest the 1860 support before going up again.

Drooelm

Gold broke out of consolidation to the upside, then it came back to retest the 1820 price area. Now after successfully retesting the 1820 price area, Gold is on its way to 1870. Important price points: 1850, 1863, 1870 If you like this idea or have your own opinion about it, leave a like and a comment. I will appreciate. _____________ #DrooelmFX

Drooelm

Gold has been bullish since the beginning of April. It got into consolidation in mid-April (see the white box), and now it has broken out of the consolidation zone to the upside to continue the bull run. I see it coming back to retest the 1820 price area before going up to 1870. If you like this idea or have your own opinion about it, leave a like and a...

Drooelm

Gold is playing in the consolidation zone for 3 weeks now, and it seems it's not ready to break out of the consolidation area just yet. Indecisiveness. The tag of war between Bulls & Bears rages on; ultimately, one will emerge the winner, and we'll follow the trend as we should. Until then, we trade the S&R. Buy 1765, Sell 1794.

Drooelm

XAUUSD has been consolidating since about the second week of April. Price has been ranging between the defined levels of support and resistance (see the White Box). During the consolidation, it has respected a support level of 1765 and resistance levels of 1784, 1790 & 1794. ~BUY when it is trading very close to the support area, or when it breaks out of the...

Drooelm

Upward price movement to continue. Wait for the price to break above 1783 and enter LONG. BUY SIGNAL Entry: 1784 SL : 1766 TP : 1815 #DrooelmFX

Drooelm Updated 

Following price rejection at the 1735 support, the only way now us up IMO. Next target is 1775.

Drooelm

I like how gold pushed past the supply zone. Confirmed, We are now looking at a BULLS market.

Drooelm Updated 

Bears have struggled but failed to break the 1732/5 support. Push to the upside is imminent.

Drooelm

How we expect the XAUUSD price to move...

Drooelm

Buy IF the Price Breaks Above the Resistance

Drooelm

I see long wicks to the downside, means Bulls have the power; 2 double bottoms on the Daily; I don't think the 200EMA will offer much resistance this time, I see the price going all the way up to the 1800. Right now, I'm just waiting to see if price will break above the channel for my bullish confirmation.

Drooelm

Movement to the upside likely to continue...

Drooelm

Gold is looking to extend its bullish run. The 200EMA should now act as support and price is expected to bounce off of it to the upside (Hourly chart)