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XAUUSD | Rising Wedge (Risky Setup)Please support this idea with LIKE if you find it useful. Initiate Short. Entry - 1550.11 TP1 - 1531.27 TP2 - 1524.84 SL - 1556.31 Reason: Rising wedge plus rejection by Ichi Cloud resistance. Also the Price might breakout of Ichi Cloud and lose its Pivot Point Support. This asset highly risky for short though, if you are a conservative trader better to wait for good entry to long rather than short the asset. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
FX:XAUUSDShort
by Anpu
4
GOLD IS FORMING BULLISH PATTERN 123Strong bullish movement ended at level 1568.73 forming wave (A) then corrective wave (B) is occurred until 61.8% Fibonacci level of preceding wave (A) at level 1548.78 price is rejected from this level RSI broke downtrend MACD shows bullish momentum Price is supported on Moving Average 100 Above HVN at level 1552 It's expected forming strong bullish wave (C) to target the supply zone and 61.8% Fibonacci level of the main bearish wave at level 1582.15
OANDA:XAUUSDLong
by MMFXSignals
GER30 Investors Strive to Break Above Historical High LevelPrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at the GER 30 . The Germany 30 Index has continued to churn sideways above the 12900 key medium-term pivotal support and slightly below its strong resistance that exists around its all-time highs near 13590. The price action combined with the Relative Strength Index is staying strong, but GER30 has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish, and a downtrend or valuation adjustment could soon follow. In addition, given the bearish configurations seen in the S&P 500, we don't have the conviction to maintain the bullish bias for the Germany 30 Index. Thus, its trend will likely turn neutral at this juncture between 13590 and 12900. A break below 12900 and the middle line of the rising channel validates a potential corrective decline below the 12500 levels. On the flip side, only a daily close above 13600 opens up the gates for a further rally to target the next resistance at 14550, which is a 1.272% Fibonacci level and upper boundary the large ascending channel. Once the price reaches the resistance 1.272% Fibonacci level, a rejection could cause a fall to the previous all-time high level. Support level: 12900 Resistance level: 13590 Day's range: 13361.8 — 13508.0 We appreciate the continued support that PrimeXBT has received from readers and traders like you, and hope you have great success with all your future trades!
FOREXCOM:GER40Short
by PrimeXBT
USDBRO Brent Daily Long with 3 TPs with 50 Pips Trilling SLwe believe the First TP should be Triggered in order for the harmonic pattern forms and then it should touch the Second Target for completing the second pattern and henceforth till 3 TP, keep in mind it is a Buy order with a 50 Pips Trilling Stop loss. there is a Buy Stop for the 3 TP with 50 pips trilling SL, If the First TP is broken and passed the First Level we are expecting the Second Target to be our next Goal but If it could not pass the First Level and a Big Retracement happens then we have a Second Scenario and we should look for a reversal... be careful about your Position Sizing and it should be Proportional to your Account Balance as it is a very long Time Analysis and Trade, each candle is representing a Day so it may take up to a month or more Entry and Exit points should be considered in a Range of Pips not an exact point. Enjoy Trading sensibly please do n't hesitate to Ask us any questions in comments. Good Luck
FX_IDC:USDBROLong
by BitonGroup
Gold can Test Weekly Resistance Levels 1W Chart: Below the week there was little difference between the trend line and resistance, and this did not include a good risk / reward ratio. I shared ideas about the trend towards gold and precious metal stocks. But I think it will test the resistance of 1569.4 in a short period of time with the addition of Iran news which are already moving towards resistance. A long signal on the weekly chart was taken a few weeks ago, but as I said, I waited for the trend line break. Then an invalid short signal was received, which is due to high volatility. That's why I don't recommend large transactions, but it has a nice risk / reward ratio because may considered with reasonable small amounts. It can also open from above at opening. Parameters : Risk/Reward Ratio : 1/2.65 Position Size : %1 Stop-Loss: 1545.96 ( Manually taken from 1546.22 ) Target : 1569.4 (1W Resistance Level ) You can look at related ideas to look at my general view of Gold and Global Markets. Overall I am expecting a more mercantilist financial quarter. If the air becomes more serene, the industrial metals will take its share. But now we are in the short-term stop and wait mode for stock markets because of news from Middle East. Regards.
OANDA:XAUUSDLong
by Noldo