XAUUSD - patience people...Gold... the one pair everyone loves to trade but probably the one they lose the most money on! Why? because they don't enter in the right place.
This is our look on it. 1901.006 is a very interesting level we are about to reach.. if we reach it. It was our last daily strong level before it dropped. Now we could see price push to here and when it does we will look to sell it off this level (arrows to show)
However, we can see on the stochastic that price is looking like it is running out of steam. In the instance that the Dollar starts to gain some strength we will wait for the break and then the retest of this bullish trend line and then we will sell. Do not sell on the break as price should come back to test the level before it has it's drop.
Gold-sell
XAUUSD SELL: Wyckoff's Distribution Schemetic # 2Hello Traders! This will be a very nice Time to make Huge From Gold. First of all Please Hit the Like Button For my Valuable Analysis and for my Hard work and share your thoughts in comment.
There are two scenarios expected from Gold
1. Gold must close below 1789 to confirm the sell entry. Our Target will be 1660
2. If Monday Fail to close below 1789 Then Expect a buy In Gold and Target will be 1825. Wait for my confirmation for this trade or if you have a trade plan in this scenario so you can go for it..
The rare scenario is Market can close exactly @1789. It will be very tricky and we will not trade in any direction and i will wait for other sign to enter the trade for next week.
In my Previous analysis i posted sell entry with Target 1788.60, This is still Valid. According to one my my strategy it will hit 1788.60. My strategy Give Exact Figure of Target and retracement Level with very high accuracy.
GOLDEN SELLGold made an impulse to the downside and currently making a retracement.
I'm expecting it to hit the 0.618 Fibonacci level of the impulse leg before continuing further down.
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
XAUUSD selling potential on display. Head and shoulders?XAUUSD looking very promising, reaching a very nice key area creating a third leg in the massive triple top/ M formation. I'll be looking at the candles for the next 30mins-hour for reersal candlestick patterns.
XAUUSD SELL
Start: 1684.863
stop loss: 1693.276
take profit: 1634.344
BIGGER picture of GOLDThis is the bigger picture of gold. We are in the distribution phase. The next move will break the previous lows. Target will be near 900$. We can only trade in a smaller timeframe. Its little upside will be huge. If you are buying physical gold as an investment this year than you are making a mistake.
Hit the like button if you find it helpful and informative and follow to catch every wave correctly.