XAUUSD, Weekly analysis , June 15-19Hi traders,
Wish you for the successful trading days,
Gold against Dollar pair is simply unpredictable these days, and expectation of going high towards 2k among traders make this pair very interesting one.
and last few week its been trading into Descending expanding wedge or Falling wedge pattern, which supports the bullish move.
since its in mid of june, may be pair tends to travel down before going up..chance of retrace the price of 1703 this week,
Note - Predictions based on pure technical analysis , Fundamentals impact also reflects in price movements..
Forex-gold
Weekly Momentum On Major Pairs (Week 23/2020)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bullish
Gold & Silver: Slight Bullish
XXX/JPY: Very Bullish
Stock Indexes: Mixed (US index is Bullish & HK index is Slightly Bullish)
BitCoin: Bullish
Week 23 (30 MAY 2020)
GOLD is below Support, Sell on Pullback....Please Support this Idea with LIKE if it is Useful....
GOLD
The price broke below support/resistance level,after a pullback or retest of the broken level I expect the price to further decline to the next support level,wait for the price to make a pullback or retest of the level and if price gives any bearish signal look for sell entry...
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.
EUR/USD, Sell if price will do what i told you in this analysis You will learn the best place where we can trade EUR/USD at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends push the like button if you like the idea - that would be the best THANK YOU.
Thank you for your support, I Love it.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
USOIL LONG TRADEUSOIL broke minor downtrendline
Price broke key level at 21.10
Now USOIL is forming ascending triangle pattern
MACD shows weakness in bearish momentum
RSI is above level 50
we r waiting to break upper limit of triangle pattern at level 27.33 to open long trade
It's expected to target the major downtrendline at level 33.00
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 .
If you are not satisfied with entering this way, you can tell me about that in the comments section below .
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..
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.
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?