Gold (XAUUSD) Important Key Levels To Watch Out ForTraders, Gold hit our target of 1839 yesterday which we identified in August 2020. Now it can have a little bounce form here but our bias still remain short from the higher time frame.
These are few very important Levels to watch out for plan Your Long & Short Entries and taking profits.
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Take care and trade well
-Vik
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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Fcpzone
BitCoin Extended Pattern & Zone - Possible Correction/Reversal Traders, This FCP (Fibonacci Confluence Zone) has 3 different important factors in it. This FCP Zone is something to watch out for. Remember anything can happen in the market so always wait for a confirmation before taking any trades. If it starts to fall around this zone we have 2 possible fibonacci confluence based targets to watch out for to start with.
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Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
#Gold Moved Up As Expected - Trading Plan For The Next Week Traders, Gold went straight to our FCPzone and started to react to go to the downside. We were able to capitalise on this move by taking good short trades for day trading. This move in past week can be considered as a pull back into a previous resistance/consolidation zone. This pull back upwards was also expected because of completion of an FCP "M" Pattern.
Follow the arrows for trade plan and management.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#Gold #XAUUSD May Go Up But Only To Come Down Again Traders, As DXY is expected to a take break GOLD (XAUUSD) may start to move up a bit. This presents us with very good opportunities for both bullish and bearish trades. Long term Gold is expected to fall further but there is a very good FCPzone coming which may push the price upwards. Beware of post fact analysis people and media reports. :) So next week (as it is month end as well) we will be looking for bullish trades (short terms/day trades) and bearish trade set ups for bigger profit targets if Gold moves up in to the upper FCPzone. If the lower FCPZone is broken then we are looking at a huge move down to 1720 levels. But we will have to wait for that.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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