Gold-trend
[XAUUSD Short] 20 July, 2021 - Roger V Trading Ideas20/07/2021
XAUUSD
Entry Resistance level idea:
In between: 1905 - 1909
TP Support level ideas:
TP1: 1875
Ideally, stop at TP2
TP2: 1824
Looking for more opportunities, and further risk - continues to TP3
TP3 (Ideal): 1778
The critical Support level at 1684 - if break potentially further to 1583 Support
Critical Spot: 1684
Everything stops near here
TP4: 1583
Final SL for all Short positions:
1922 Resistance Level
Comment:
Gold XAUUSD Roger V Trading Idea analysed on 20 July 2021.
The main resistance level will be in the range of 1905 to 1909 to test out its all-time consolidation high in 2021.
If the momentum reaches near the expected resistance of 1905 to 1909 and did not show any signal of weakening in the combination of H1 and H4. This trading idea will immediately be ceased and do not continue.
To clarify the wording above, the word "near" taking the price above 1905 to 1909, 1902, and 1912 can be considered as "near" depending on the market situation with the momentum at the time.
If the market was positive to follow the trading idea trend as analysed. Roger V will consider placing a short position as planned when the H1 and H4 signal occurs for a short position and having the final SL to SL once it goes above or near 1922 as mentioned. Hence, 1922 can be in the range between 1918- 1925. This will depend on the market situation at the time to determine if SL or possible of fake breakout.
The first target TP will be aiming at the price near the 1875 support level, followed by 1824 (TP2).
If the market were to perform further with its bearish trend. A price further down to 1778 can be considered.
At that time, gold will be in a one-sided direction for a few months already. A lot of trading groups will all be chasing a bearish trend on gold. However, please do keep in mind if it continues to fall at the time, 1684 will be a critical support level of a breakout for a further fall for gold.
If gold were to get supported at the support level of 1684 and did not break. The bearish trend may change.
If gold were not to get supported at the support level of 1684 and did breakout. A further fall of gold may go to a possibly near the price of 1583.
If the market were to actually happen to this critical scenario, at the time any price that goes below 1650, Roger V will stop any trades, and not have any positions anymore for gold until the next long-term analyse scheduled in the group.
Time frame: The analyse on gold for this may possibly continue until June 2022. However, this may depend on the situation and will update further in the group if any variations.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
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The price action over the last few days has been positive and is opening up the possibility of further gains as technically we're entering into higher highs and higher lows
Xauusd 1D ( will get 1874$)XAUUSD in the previous idea we said if can’t stable above 1898 will be ready to down,
So the price try to break it but make it a resistance line,
And now i think will get 1874 and if can go through that price will get 1864 also ,
Shortly if break slope line will try to get 1844.
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Tendency: downward
Entry: under 1889
Tp.: 1874 & 1864 & 1844
Sl.: stable above 1898
XAUUSD 4H (upward to get 1925$)In the previous idea we said Gold will going up we said above 1874 will see the targets first 1898 & second 1925, so we get it first target 1898 and now the price is 1906,
Now the price take it stability above 1898, this stability will get the second target 1925.
———
Buy
Entry: between 1888$ and 1898 $
Target: 1925$
SL.: under 1874
XAUUSD (it can be touching 1826 then will grow to 1874$)the general direction of GOLD is upward bu by this condition, it is breaking the resistance line (stabilizing above 1850) so then will grow to 1874.
but now if the price can't break the resistance line I think it can be touch 1826 and 1815, so that price will make support for next upward to breaking 1850 resistance line
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my last idea about XAUUSD 13 May:
XAUUSD 4H (stable above 1815 will get 1850 and 1870)GOLD, in the previous idea, we said if the price stable above 1815$ will get 1850$, so now the price get it 1843$ but importantly we are in the upward state because the upward zone is stronger than the downward zone,
and if the price breaks the slope line (about 1850$) we can get 1870$ in the next target.
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my previous idea about XAUUSD :
Gold Daily Analysis The aim of this very simple analysis is to provide a very bright view of the major daily trends in Gold.As we can see a support/resistance area has a influential effect on Gold's direction.We cannot decide which direction it would take but it has broken the horizontal resistance and its a bullish signal but we must consider the fundamental factors that could be very effective and may be completely against our technical analysis.The only thing we can decide in this moment is that it is supported by an ascending trend line.But the crucial point is the RSI indicator! As the trend goes up its RSI goes down and its not a good point for market bulls!
XAUUSD Long-Term ForecastRSI is at 58; looking for a break above 66. Expecting strong bullish movement when it break. However still if it can't break above the main trend, 1764 price zone is holding resistance line, will be open for short trades.
If it does what I expect, breaks trend; I will invest long term with the take profits below.
TP1 == 1859
TP2 == 1954
TP3 == 2071
TP4 == 2260
Of course keep and eye on the trade, if you do. Because you know, this is not an investing advice.
GOLD ANALYSIS Don't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on Gold.
I would like to share opportunity I found on the 4h timeframe.
This is a simple break and re-test trend following strategy. Please wait for re-test before entering this trade.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading