According to the triangle pattern breaks from downside it seems that gold want to reach 1710 in the future that also Confluence 0.786 fib's level Thanks my friends :)
In my opinion due to the chart i think if the price comes around 1917 and you see good confirmation such as proper candle stick pattern is good for buy and the targets will be 1926.92(100 pips) and 1939.105(220 pips) Generally i think this week gold will bullish. thank you my friends :)
According to the bearish trend in 1D time frame and important green and red zone and also within the presence of 1D trend line in my opinion we will face a low risk buy position as below: Entry:1906.88 SL:1901.56 TP1:1919.74 TP2:1923.52 Thank you all for your support
The price reach an important sell zone between 1.36508 and 1.37000 and fortunately 1D trend line is also present in this area so we can take a low risk sell position with the targets below, i think the price move a bit higher again to the zone and then stars the main bearish move: TP1: 1.35893 TP2: 1.34803 TP3: 1.34070 TP4: 1.33350 TP5: 1.32624(400 pips)
As you see in 4H charts we have a breakout on trend line as I draw it in pink and at the bottom of green area also we see a doji reversal candle, if(it may not happen) the price turn back to the green rectangle area i will set a long position as below: Entery: 1.09554 SL: 1.09072 TP1: 1.10438 TP2: 1.10909 TP3: 1.11401 Be sure to use money management...
As we see the XAU chart: I draw 1D and 4H trend lines that both are bearish, in this situation we can take short positions with low risk in proper reversal zones, the first red rectangle near the price is good area to take short position (Lower risk) and also we have a green rectangle that was touched once by price and it may push the price up if it touches...
According to the daily positive trend line as you see, in short future we will reach a daily reversal zone (red rectangle) there are two possible move: 1. The price makes a pullback and then starts bullish move 2. The price makes a pullback and then starts bearish move Note: sometimes pullback doesn't happen and market act sharply instead In my own opinion...
According to the 1D chart and important reversal zones it seems that now is good times for people with patience to get great pips from descending graph of GBPUSD, as first target I think 1.20494 will touch in forwarding days and for higher risk traders in long term also 1.10959 is possible as TP2, my analysis method is volume profile on price in the graph, thanks...
According to the bearish behavior of XAUUSD chart and by using volume profile on the previous wave it seems that the price will go down and hits 2 probable targets the first is 1918.9 and the second is 1913.7 then after that at around 1911 we have the area that price direction can change and its good for long positions after you see confirmation on your own...