GOLD (XAUUSD) Price Action & Important Update!
Multi timeframe analysis and candlestick analysis.
Potential scenarios and key levels explained.
Commodities
GOLD update before NON-FARMGold is still in the Plan and one last beat is about 18xx
However, if the market breaks the uptrend as shown in the picture above, you must review the wave scenario. Before Non-Farm, we should wait for the area of 1750-1760 to not trade in this period.
GOLD TRENDLINES AND PIVOT POINTS TO TRADEGOLD is moving with a strong uptrend. Will recommend drawing these trend line on your trading chart for the best entry and exit position. Trade with proper risk management.
Pacton uses AI to find GoldThe news is out that Pacton Gold Inc. is going to drill in 5 locations to find gold. Will the AI technology be a win?
The assigned locations look promising but nothing is out of the ground yet.
For more info search the web on "Pacton AI"
Cheers.
Wiley CKoyote
The Importance of Correlating Assets Hello Traders,
In today's lecture I'm explaining the importance of monitoring correlating assets to help give us early clues about the major asset we're looking to trade.
When trading EURUSD, I like to look at 6 correlating assets. They are as follows:
GBPUSD
DXY
GOLD
SPX
DAX
I hope you find this video to be informative and educational to allow you to add correlating assets as a strategy approach when trade planning.
Always remember to trade safe - trade well.
~Michael Harding
rule number 1 when trading gold NEVER COUNTER TREND 15M TFI always make a mistake when trading gold and said "it still got proper correction on 15m TF"
never ever counter trend 15m, it's huge risk gambling when counter trend 15M
oil6.26.20 oil There are challenges with transitions....but if you are aware that transitioning markets can have abrupt breakouts and retests...you know what to expect and/or you can use this information.
Pitchfork Trend | XAUUSD | EducationOn the analysis you can see a perfect example of a pitchfork trend on the chart. In this case it is the price of gold. A Pitchfork trend is particularly good for entering and exiting a trade on the right time. You can see in the past there where good chances to go in with BUY until the end of the Pitchfork trendline.
GOLD DESTROYS FED JULY 9TH (UPDATE3)1 Year Delta would be fun?
And the chart is lining up nicely for it.
Gold could go parabolic as the next debt note stimulus passes.
They can't hold the volume down with a virus hoax forever......
its not politics, its freedom.
debt based fiat central banking is unconstitutional...although arguably had its benefits for (some) and not others (by design)
I'll update a comment of my other chart from 2019 below.
GOLD (XAUUSD) Thoughts & Top-Down Analysis
Key levels and important support and resistance areas explained.
Potential scenarios and appropriate behavior.
How to know when it time to book profits In this video I Will show you how to know when the time to book some profits come and how to use the stop gains strategy
Please push like button and follow us on the trading view.
Brent Crude Updated Map - More Down 32.90/29.70Current consolidation is a classic flat within double three WXY (white labels).
Which is in its turn is the wave ((X)) of the larger yellow degree - the junction between ((W)) and ((Y)).
After it gets completed another drop would follow to hit the blue box between 32.90 (38.2% Fib) and 29.70 (50% Fib).
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see.
If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it.
Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND.
Test various instruments yourself and just get convinced.
The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips.
GOOD LUCK!
