Forex-gold
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
DXY SellAs I said last week dollar break old intermediate Highs and make intermediate new Highs, now I am expecting that dollar make a little retracement to 97 and continue falling or just to continue falling until 96.20 0r 96.
For me is a strong sell for the confluence with order block, Fibo retracement, institutional price and Net short.
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Gold Long opportunity Hello again traders... Today I have an opportunity on gold (Long). We can see that on daily TF we respected the 1325 mayor lvl so the thing is we can see that now after the bear impulse we are consolidating and testing the trend line so my expect is bullish if not we can see gold going to my next target in bear moment.
XAUUSD, Forercast on D1. D1:
- Tendency: Strong upward
- Break resistance and confirmation
- Above support
=> UP
Trading levels 2/8/19Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels 2/7/19Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
