Hello guys, We have a nice breakout for XAUUSD, divergence in place. Wait for some correction and join the ride. Trade with discipline.
I will long GOLD. watch for the breakout then go long. SL: 1258.00 TP1: 1290.00
We can see the beginning of a bat pattern on the daily chart. Furthermore, XAUUSD is boucing back on the 10 EMA ; going for a potential pullback. Won't enter yet, but will be watching carefully.
Hi guys, Are you ready for the bullish marathon?! Cheers Pi
Seems like gold is still pushing for higher levels. It is reaching a channel line soon. We might see it breaking through and continue going higher. But if it doesnt, we can see gold going back down to Dec 2016 area.
Gold is fighting it's 200EMA trying to change it's main trend up. After recent rally because of more dovish stance fromn F.E.D gold paused at 1230 area running out of fuels and digesting this move finding resistance from it's 200EMA. After reaching 1250-1260(50%FIB level plus 200MA) i am expecting a big correction move that will create an initial bottom(maybe...
After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.
Its stuck between yearly Camarilla R2 pivot at 1208,18 and yearly pivot 1195,66 , trade the range until one is broken.
We have evening star on the daily, given the daily closes like that. Bearish engulfing has breached the ctl coupled with crossover And H&S formation on the 4hr I do think gold will find support and then appreciate
hi traders, here is opportunity to buy gold. Just be careful tomorrow has FED a meeting..
BUY GOLD SL @ 1200 TP @ 1250
Buy GOLD now for 3000+ pips of rise
This is a longer term swing trade. The stop is a bit wider then last weeks trade that got stopped out. Also I have placed the entry buy order past the resistance at 1240. Only if this breaks I will be long targeting the nest S&R level at 1300.
I'll trade the 50% retrace. SL below the pinbar / 20 ema / support zone. TP at recent highs at 2R.