my bias xau will make some correction my target si 2303
My perception xau will countinue to 2100, both tehnicalnamd fundamental regarding interest cutting iam looking for buy
H4 forecast for gold . my bias for gold next week is bearish sell area 2041- 2045 tp maximum 1981
start from 5 minute tf, we can see it has already break resistant , if we measures with fibo it shows that the price possible goes to 1946- 1948 as 2,61 fibo area . in big TF H4 price also break the support, and the fibe show 161 area will be in 1927 based on this point of views my bias is short
gold has long sideway , my expectation gold will drop to the buy zone before it fly agai to break area 1961. if all buy zone break so we can take sell for swing but if gold respect trendline it will fly up to 1980 before it down
Gold has perform long bias , next week will be reversal week for gold time frame
Hallo traders, my bias for gold still remain bearish. the bias vision is based on: weekly time frame as we can see on weekly time frame there is obvious bearish formation ( evening start ) with confirmation on rejection pin bar at the resistance area ( 2009). daily time frame i see a bearish engulfing rejection from key resistance 4 hours time...
in my vision gold might be short , here is my set up please comment , what do you think of this set up
in my vision Gold may test the support at 1975. The next support will be at 1950. and Resistance is at 2020, followed by 2035. lets wait and see
In my vision the outlook in gold is bullish, the pennant could fail and break down instead of up. Let’s wait and see. At that point watch the Fibonacci retracement levels on the chart for downside targets and areas where a bullish reversal might occur. its a my speculation.
OANDA:XAUUSD hello traders please take a look my gold idea for next week, the gold will continue bearish
in my vision , gold failed to break resistance area, there is possibility price will go to down to my target area , please guys what do you think to this idea