Get started

Gold-reversal

USDSGD - Text Book Reversal!USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal! Now that we've topped, we can look for any pullbacks to add a position for the massive drop. Trade idea: - Watch for pullback - once pullback appears, look for a trendline break or structure rejection - Enter with stops above the highs (above 50 fib) - Targets: 1.305 (700pips), 1.27 (1000pips) Goodluck and as always, trade safe!
by WicktatorFX
AUDUSD - Last Bearish Leg! AUDUSD has given us 3 incredible setups in the last few months. Our first trade setup was after we broke the ascending trendline. We waited for a pullback and jumped in. Currently sitting at around 450pips. We also entered twice more on the clean corrections AUDUSD made. We are now anticipating one final leg down before expecting a reversal. Trade Idea: - Watch for subwave 4 correction - Enter on break of subwave 4 correction with stops above the correction - Manually taper off positions as we move down The longer term trade idea would be the reversal. Once we see the 5th wave down, we can monitor it closely for a reversal. One of the ways we can do that is by draw a descending trendline and wait for a breakout, indicating that bulls have stepped in. Goodluck and as always, trade safe! See below for our VIP setups. AUDUSD Trade 1: AUDUSD Trade 2: AUDUSD Trade 3:
by WicktatorFX
1
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows. However, it is approaching the upper brown trendline that I consider an overbought area. Moreover, the 2075 is the current all-time-high. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As XAUUSD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
10
XAUUSD (GOLD) Deep Bullish CRAB Pattern Complete !The Deep Bullish Crab pattern is complete on the daily chart of this asset. Harmonic patterns are difficult to spot and when they do form particularly on the long term time frame they are of high probability and quality patterns. This is just my analysis for you to see and make the decision based on your personal analysis! It is by no means a trade signal as i am a very cautious trader and i base my trade on multiple confluence factors rather than single. For those of you who wish to trade this pattern the target level are shown by the arrows (TP1 38.2 FIB LEVEL AND TP2 61.8 FIB RATIO). SL CAN BE PLACED at 1120.00 level. I stress again this is not a trade signal its just an analysis and if you do wish to enter please enter at your own risk. i have just put this completed pattern here as they are very hard to spot and as a trading community we are here to help each other out, so trade cautiously! Cheers
FX_IDC:XAUUSDLong
by FX618Analysis
IAU gold ETF reversal ?Weekly chart looks promising. The MA of 50 and 200 weeks have crossed for first time since 2005 (beginning of my chart) and they are heading away from each other a little less than 30 degrees. Could turn into a failed reversal, but something to keep an eye on. If this an upward trend starting it could be a steep climb up the chart. Who knows with precious metals and the daily's don't look as promising. Just an interesting weekly chart observation. Good luck everyone. Thoughts ?
AMEX:IAU
by jab47220