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Goldbuy

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_
1
Outlook for Gold: Pullback presents an opportunity to buyHi everyone! Our call on gold last week is playing out nicely. For this week, we maintain a bullish bias on Gold, with prices holding above a key weekly and daily support area at 1763.14 - 1768.80, which lines up with the 78.6% and -27.2% retracement. A pullback to test this support zone presents an opportunity to play the bounce. Keeping in mind the views on the weekly time frame echo a bullish bias, a break above our H1 resistance could at 1794.50 could see more upside in gold prices, with 1820.20 as our next resistance target.
FOREXCOM:XAUUSDLong
by shermzT