Forex-gold
xauusdHello traders
This technical analysis for this pair
Please be careful because the economic calendar for this week is full of important news for the majority of currencies
Please consider the level of risk in any trade .
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GOLD above support/resistance level,BUY on pullbackPlease Support this Idea with LIKE if it is Useful....
GOLD
The price is above key support/resistance level,after a pullback If price continue to hold the Support then there is a chance that price might continue to grow,wait for the price to make a pullback and if price give any bullish signals then look for buy trade with good R:R..,In case price breaks below the level then we can look for sell opportunity..
Bearish Scenario:
If price rejects from the trendline then we can look for Sell opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 3hr timeframe for confirmation to Buy..
Trade it with proper Sl..
Take Entry only after price gives Bullish signals..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
XAUUSD: $1707 Next Short TargetFirst off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let me get into a few points. Right now, Gold is very bullish on the Forex market, and in most financial markets in general. The demand curve is seemingly going up. This is why it also has long potential. However, for a short term self-off target for Gold (since I prefer doing shorts for day trades), the target I would set-off is $1707, then reinvest in the dip couple dollars down and so forth following the day's range trendline.
GOLD forcast As we all know you wont always be right in trading but I like to be proactive rather then reactive
I don't know which way the market will go or do but I have do not when It gets there what I am going to do
GOLD I see an impulse leg to the upside we have not fallen into the correctional way so I do expect to see some more movement to the upside before a sell off
what do you all think on GOLD at the moment?
GOLD forming H&S pattern,SELL on break of Support....Please Support this Idea with LIKE if it is Useful....
GOLD
The price is forming a potential Bearish H&S pattern,If price breaks below the support it could give a nice sell opportunity,wait for the price to break below the support level and afetr a pullback if price gives any bearish signal then look for sell opportunity...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.