Gold-trading
GOLD(XAU-USD) Will Go UP From SUPPORT
GOLD experienced correction from resistance
Just as I predicted yesterday!
However, Gold is in the uptrend
And I am looking for a long now
The strong demand area is a little lower
So I expect Gold to maybe go a bit down
There, I will BUY Gold
Fist target=nearest resistance
Final target=dotted line
BUY!
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GOLD +9 Profits in a Row & Next MoveAfter Smashing Profits on our TP1 & TP2 we look for our next move.
Gold has turned very bullish and looks to break 1900 and beyond.
I would use pull backs for entries but make sure you enter the correct areas or you will be easily stopped out.
Of course always have a Plan B if we turn bearish but I do not see that happening after the Fed news and the momentum of Gold currently.
XAU_USD SHORT FROM RESISTANCE|
XAU-USD is at the strong resistance again
And given that it was respected multiple time before
I think shorting is reasonable
I expect Gold to retest the closest support
But it might also go lower
And retest the falling support
Short!
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GOLD SWING TRADE 07-Oct-2020The GOLD has lost its bullish ground on yesterday as the Economic stimulus
talks went in vain and USD got some major bid And gold has reached 1875.00 broadly
And its in retracement phase and we are expecting that it might reach the 1896.50 or
1900.00 level and will go bearish as this levels are the strong resistance for the bull
SWING TRADE - GOLD
Sell @ 1898.00
Take profit @ 1852.00
Stop lose @ 1922.00
Don't risk more than 1% of your capital
XAUUSD | GOLD is currently heading towards the upside, however..PLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3
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Today we are having a look at GOLD, xauusd has just recently started gaining strength and putting pressure on the USD.
There is a daily/12 hourly downtrend area of trendline sensitivity that could be respected, but if you want to join in for a quick swing or scalp this could work out fine.
Its also respecting the moving averages which show bullish pressure.
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Copper (XCUUSD) Bearish Forecast
Copper is retesting a major broken trend line.
currently, the price is trading within an important zone of confluence,
it is based on a horizontal 4h structure, major above-mentioned trend line, and fib.retracements of the last two bearish legs.
chances are high that the price will drop.
target levels:
2.85
2.79
Gold daily outlook#Gold traded sharply higher on Friday after Fed Chairman Jerome Powell dovish speech on U.S.monetary policy derived Thursday morning.We will be looking to buy #XAUUSD after a price action buy signal. Bulls next target should be $2000 resistance area and then Gold may possibly go back to $2070.
Major key levels are: $1905 to $1915, $1980, $2000 and $2070.
I still recommend longing Gold.Trade at your own risk, and with your own bias - but I do see a strong trend, with us having just confirmed it. This dip was a great opportunity for big players to join in - the gold rush. Highly recommend longing gold. I have shared an avalanche of Technical Analysis clearly expressing a weakening dollar.
I am also still risk on within equities, but we will be pricing in political risk (uncertainty) in the coming days. I would prefer having that buying power in a safer asset, especially at the current highs.