In August 16, cup pattern target completed. Currently,there is a rising channel during one hour TF. The range of the rising channel in the picture is around $ 22. You should buy and set stop loss as the price is near the support level of the channel. Profit target could reach around $ 1805.00 as shown. But it also could lead to break out condition...
In August 16, cup pattern target completed. Currently,there is a rising channel during one hour TF. The range of the rising channel in the picture is around $ 22. You should buy and set stop loss as the price is near the support level of the channel. Profit target could reach around $ 1805.00 as shown. But it also could lead to break out condition...
According to cup pattern in 30 minutes time frame the gold price may reach around $ 1789.00. This is because the range of cup pattern in the picture is around $ 30. At this point, it's high risk to buy now. However,You should wait for the short (sell position)at around $ 1789.00. The reason is; • The price around $ 1789.00 is 61.8% Fibonacci level (highest $...
Technically, a falling wedge pattern is emerging. Therefore, if the resistance breaks out, the target price could reach $ 1746.00. This is because the range of the falling wedge in the picture is around $ 20. This pattern is common in the gold market (XAUUSD)and is useful for trading. And then high impact expected for today(USD) • CPI m/m • Core CPI...
According to descending pattern the gold price may continue to fall. It could reach around $ 1433.00 which mean that price is range of descending and also fibonacci 61.8% level at weekly chart. However,gold price can only fall when dollar index (DXY) rises above 93.51. Now, we can set stop loss and buy at support zone. But it also could lead to break out...
Long position target at 1822.00 Stop loss must (- 5 $ ) in every entry position.
Resistance around $ 1830.00. Support around $ 1795.00. Key is the price above $ 1813.00 direction could rise. These analysis are base on Keltner Channel and Fibonacci Level.
The following are some proof that could rise up the price of gold.(XAUUSD) Therefore, you should make a buy order at the lower prices; • US GDP released last month is worse than expected. • Unemployment benefits are worse than expected; • The central bank only considered lowering QE rather than raising interest rates. when it comes to technical...
check it out! who trade gold for short term profit.
For August first week: The price between support and resistance so that's next week could be boxing. Around R~1832.00/S~1794.00 Range around ±35$. P. S High Impact Expected for Upcoming Friday Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate • Depending on the result, the price will range more than as usual and could lead to breakout...
If the price still inside Resistance and support could be boxing. If break that resistance must buy immediately.(same as break support.) Entry when the price breakout target should be around ±35$.