Forex-gold
GOLD | Price is close to SELL zone, High Probability Trade..Please Support this Idea with LIKE if it is Useful....
GOLD Update..
The price is following an Uptrend Channel and price is also following an ascending trendline ,Price reacted stongly everytime it touched the Channel's trendline,wait for the price to reach the zone and If price gives any bearish signal,look for sell Opportunity...
For Entry:
Wait for the formation of Beaish Candlestick Pattern to close on 4hr timeframe for confirmation to Sell..
Trade it with proper Sl..
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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.
GOLD SHORT TRADEStrong bearish wave (A) ended at level 1547.40 after breaking uptrendline
then price pullback for retesting broken uptrendline forming corrective bullish wave (B)
Price is rejected from 61.8% Fibonacci level of preceding bearish wave at level 1576.50
Price is below Moving Average 100
It's expected for coming bearish wave (c) to target level 1527.25
XAUUSD. Does this mean gold growth?Hello dear subscribers.
The price of gold is gradually rising.
Having bounced off the support line,
it went up and most likely will reach its target.
after which it goes back down 1590.715.
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This idea does not provide the financial advice.
XAUUSD | Supply and Demand zones | Weekly Direction
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*Entry and exit points
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WISHFUL THINKING MUST BE BANISHED:
We’ve already said that hope is not a strategy. And so is wishful thinking.
There is no place for both of them in trading. Stick to the facts that your research and the market shows.
Hoping that things will turn out in right way is not going to make you money.
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GOLD SHORT TRADEStrong bearish wave (A) occurred until level 1550.65
then price pullback forming corrective bullish wave (B) which ended at level 1592
Price now is in bearish wave (C)
Price broke key level at 1563.25
Below Moving Average 100
It's expected for strong bearish movement to target HVN at level 1476
XAUUSD LONG Hello guys,
Going into this first week of February, i am only looking for longs on gold. My bias shaped by the ongoing chaos that are ongoing worldwide.Most currencies and indexes are weak meaning that investors are rushing their money to gold hence it will be risky shorting gold. The chaos that i am talking about include the iran war, the trade deal, the just concluded brexit which investors haven't really shaped up their mind yet on whether its good for both the uk and the eu or bad. Last but not least usa president trump's middle east peace deal and his impeachment.
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