Forex-gold
Gold - Next Leg To The DownsideLooks to me after forming a 3rd consecutive lower high on the daily, and rejecting the 1310. Gold could be in for a new leg to the downside, possibly into the 1280 and then the 1260 regions.
Gold Gold now strong down trend. we looking for buy at 1280 then target 1302 . Sell point 1300/1303 sell target 1250.
GOLD XAUUSD SetupGold is currently rejecting off of a trend line, just need a Break and retest on 15min Resistance for me to enter this long. Unless price starts rejecting off of the Downtrend I'll hold this position. If a reversal pattern does form on the downtrend I will close of my long position and go short.
GOLD UP We Go!!!!!!!!!!Looking at the area where price is at. GOLD has broken out of the downtrend and is looking like it is on its way back up to at least the week resistance which is the purple area.
XAUUSD, Sell on H4.H4:
- break trendline
- Below trendline and resistance daily
- Candle: Pinbar
=> Sell
BULLISH GOLD BULLISH TREND
WAIT FOR DOUBLE BOTTOM TO FORM THEN TAKE THE TRADE
38.2% RESISTANCE SHOWN ON FIB LEVEL
XAU/USD Bullish trading biasRetail trader data shows 77.3% of traders are net-long with the ratio of traders long to short at 3.41 to 1. The number of traders net-long is 0.6% lower than yesterday and 8.1% higher from last week, while the number of traders net-short is 5.5% lower than yesterday and 5.0% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
XAUUSD, Downtrend forming on H4: SellH4:
- Downtrend forming
- Test resistance daily
=> waiting signal=> Sell
