Xauusd_Ideas

Xauusd_Ideas

See chart for details

Xauusd_Ideas

Check previous published idea to show overview of higher timeframe trading idea As all higher timeframe movements have resulted on closing below key levels, I expect GOLD to move down. I dont believe GOLD will make huge wave movements to the downside but certainly retouch the next key level. US Economic position will make GOLD trading even more interesting than normal

Xauusd_Ideas

see chart for details

Xauusd_Ideas

SEE CHART

Xauusd_Ideas

see chart for details

Xauusd_Ideas

see charts for details

Xauusd_Ideas

see chart for details

Xauusd_Ideas

look at chart for details

Xauusd_Ideas

Higher TF push shows a strong bullish momemtum is present On LTF new highs and lows are forming indicating a long trade opportunity. Ideally current range would need to be broken and price would need to close above but I expect a LONG trade opportunity

Xauusd_Ideas

EITHER SCENARIO IS PLAUSIBLE BUT WITH A DOWNWARD MOVEMENT

Xauusd_Ideas

BUY AS PULLBACK

Xauusd_Ideas

Pullback and ontinue down - this will be 3rd tuch on zone so will move down

Xauusd_Ideas

Expect a pullback and continue down Fundamentals - be aware that US news over the weekend may affect open so let market run and place sell trades

Xauusd_Ideas

Two options available, both start with BUY

Xauusd_Ideas

possible inverse HEAD SHOULDERS PATTERN

Xauusd_Ideas

Higher TF downward trend rejection of major supply TP1/2 set with next zones possible HS Pattern if neckline is not broken on H4

Xauusd_Ideas

Higher TF, Bearish movement Rejection of major supply area large rejection wick on lower TF

Xauusd_Ideas

Wedge has been respected since 2012, resulting in 6 touches to the downside. Last week candle formed with exhaustion signs along upper major zone. SIGNAL: Sell TP1: To the wedge trend line potential 280 pips TP2: To the next key level: 1700+ pips