Forex-gold
XAUUSD SHORTXAUUSD I'm looking for a pullback to the lows of 1480.4, as the market opens this evening I am looking for gold to retrace potentially to 1522 then waiting for candle confirmation to enter short, if no entry given and 1508.32 is broken I am looking for a retest to enter short. however if this setup is missed and 1480 is tapped I am expecting gold to consolidate and gear up for its next big move, so I am also looking at a long if price reaches the lows of 1480 and the final level of 1474.5.
U shall not pass, GOLD!Hello my friends!
It's time to fall for gold, because XAU is near the resistance zone after touching two resistance lines.
The target for gold is to reach the intersection of the three support lines at support level 1416.
On the way to the target, be careful when the price will be on the support line.
On the chart:
light green lines - support lines
Dark green lines - support levels
light red lines - resistance lines
Dark red lines - resistance levels
Gold XAU/USD ($1.4K is Support & $.145K is Resistant) View On Gold XAU/USD (27 July 2019)
We will be having the FED item in the coming week and it is very likely that a 25bps rate cute is a given.
There are 2 major regions that I want you to take note.
Support: I am expecting $1,395 to $1,400 region to act as very good support. We can't be firm on the major pullback until the previously mentioned support is broken strongly.
Resistant: I am expecting $1,425 to $1,430 region to act as a very good resistant. The gold price shall not pass the region easily. Upon the rate announcement, the price may make a quick swing up above $1,450 just to have a pullback down in the near term.
DYODD, all the best and read the disclaimer too.
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Thank You!
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GOLD: One More Leg Down?
gold currently is consolidation in a narrow trading range.
most of the traders are waiting for a breakout to identify the market future direction.
I am aiming at bearish breakout of a minor structure support to sell the market
anticipating bearish continuation to 1417/1407 levels