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GOLD Impulsively BullishHello Friends, Here in GOLD i am focusing on bulls to trade on, which is because of last week the high cancellation of bears into weekly & in intraday as well. So Firstly we have support area where gold can hit for some correction into the area of support at mentioned in the chart. From that area & above it all the control of Gold market get into bulls hands, so here logic is simple to go with bulls because of bear rejection as well the most strong bull candle too which fly market almost 200 pips this week minimum. So our target is around 1800 plus definitely the level 1815 approx. Another thing as what if it fall because market anyhow react opposite too so you should don't trade if suppport area is broken then how you'll understand where its next move will be ? So for it you should wait for swing which take market back into bulls control otherwise we're gonna focus on bears after the fall from the level of 1752 which fall the Gold market to approx area 1710s. I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
TVC:GOLD
by PiPumer
GOLD Swing Trade and SetupI am currently holding three positions on Gold (1 initial entry and two positions when price created a swing that meets my entry criteria). I am hoping to scale in and also make another final entry when price closes above the current zone. A break of the triangle pattern with a momentum candle could give be a confluence that price is continuing up and willing to break the current key area it has been consolidating in (8 & 14 EMAs have been moving close to each other). My initial target is 1800.00 on all positions. Should price not get to 1800.00, I will have at least locked enough profits. *Disclaimer* This is not financial advice. Forex trading is risky. Trade at your own risk. #Trade_Like_A_Magnate
OANDA:XAUUSDLong
by Magnatrio
Cuo and handle?So i noticed this pattern In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases. The cup part of the pattern should be fairly shallow, with a rounded or flat "bottom" (not a V-shaped one), and ideally reach to the same price at the upper end of both sides. The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts from 1 to 6 months, while the handle should only last for 1 to 4 weeks. What do you think?
FX:XAUUSDLong
by Abzii
Gold wont Break 2000 this year idea is to short and continue short until we hit 1490 . we have been rejected from 382 levels and 618 levels ( which was also 50% levels if you check on fibs i made ) so now its heading towards 786 levels which are at 1750-54 which can play as good support to play longs but if we close below 1750 on h4 or daily next target will be 1729 for shorts . we can look for longs at 1729 with sl 1726 for target 1750-70 which is 618 levels but if we break 1725 and h4 or daily close below it next short target will be 1680 this time . Good luck
OANDA:XAUUSDShort
by FxSniper_
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