Refer the charts for detailed analysis ; Gold closing price is on interesting note, but odds are still more in favor of bull run as the bears failed miserably at the end to break the channel. Levels which are important for the next week is ; Gold is still a buy on dips until it not breaches 2014-2011 level which currently closed at 2035 mark, Go for long...
Trading Setup For Gold / XAUUSD, using Fibbonaci and Support Resistance 1. 1992 is the last resistance become support for gold, after the ascending triangle 2. 1992 is the 0,618 Bullish Fibonacci Retracement 3. Enter trade at 1992 and Put Stop loss at 1978, TP at 2020 4. Risk Reward ratio is almost 2
HELLO TRADERS, MY ANALYSIS ON GOLD... XAUUSD IS IN A STRONG BULLISH TREND... AFTER RETRACEMENT BACK TO A SUPPORT LEVEL, IT'S NOW SAFER TO GO LONG WITH A GOOD RISK TO REWARD RATIO
I think Gold could blast up, bypass $2000 landing on $2100. This is a highly speculative play but I base it on a measured move extrapolation (see the ascending triangle?).
As you can see from my Analysis Gold Has a Strong Uptrend. price has accumulation than a strong uptrend accumulation and a strong uptrend. Let's see what will happen target is 2100. Always remember proper risk management Once price breaks resistance we can look for buys
Gold is breaking the ascending triangle. Gonna move to 2050$-2080$😎
HELLO GUYS... GOLD SEEMS TO BE MOVING IN A TRIANGLE SHAPED STRUCTURE AFTER BREAKING THROUGH IT ALL TIME HIGH... THIS IS MY ANALYSIS ON GOLD WITH A HIGHER RISK TO REWARD RATIO... HOPE THIS HELPS
We have seen a phenomenal growth of gold price in the past week, and I believe that we have yet to see another bullish momentum. Yesterday's decline in gold prices got wiped out in a matter of a day, which shows the buyer's strength. Entry Point: 1945 SL: 1920 TP1: 1980 TP2: 2000 Please manage your risk accordingly!! It's been a volatile & unpredictable...
Gold still has continued it's strong upward momentum amid global uncertainty surrounding the coronavirus and global central bank quantitative easing. Gold could continue to move higher given it is the safe haven of choice of investors and the a weak US dollar in particular with the US unlikely to raise rates this year given the impact of the coronavirus on it's economy.
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Possible Long Setup Pending around 1787$ region. Confluences: - 50% Fib Align; - Support Align; - Major Daily Trendline Align; - 4H 100EMA Align; All The Best. Thank You 👽🚀
Gold remains strong, yet has to fight for every inch up. There is a nice neat resistance level here. IF confirmed breakout>>wait for pullback>>long. Two targets+maybe trailing stop for 30% of the position. SL below the level lows. Simple and classy. Thank you for reading, like, subscribe and have a nice day.
Chart shows initial rise although possible I see as unlikely, I do see however an initial drop to the 1763 area then a steady climb up, 1762 stands as good support, 1844 I now see as huge resistance, (see chart link below) Trend: Long Resistance: 1844 Support: 1762
Hello traders! In this trade I expect this stock to drop a little before going up. In fact, the MACD is showing that the momentum is getting weaker but I am confident that the drop will not last much because of the current situation in the market. Remember that gold is a safe asset! The targets are placed in correspondence of possible stock...