I'm short on goldGold is going upsides....next resistance is 1310.7, Is a very good R:R trade, so I will wait for price action before enter this trade.
Longgold
XAU/USD 4H long opportunity we have several technical
reason for long buy gold
from 1282.15 - 1280
TP1 :1294.50
TP2 :1302.00
TP3 :1310.00
STOP LOSE : 1274
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
Buy angle mirror Gold (XAUUSD)findedVery strong level - 1274-1277
I tried to sell and buy at this level several times
But now i finded buy angle mirror pattern. So buying Gold NOW.
When you see this idea - it maybe too late to enter the market. I already enter.
Open buy order on XAUUSD - 1277
SL - 1272.8
TP - 1310
RRR - 1:7.5
Gold / XAUUSD 4H Long opportunity 1. We can get long trade from 1293.50
If price breakup channel and close
above resistance (red) line.
Targets are :
TP1 : 1307.62
TP2 : 1320.20
TP3 : 1339.77
Stop lose : 1283.50
2. Or we can long (buy) from 1280.50
Targets are :
TP1 : 1307.62
TP2 : 1320.20
TP3 : 1339.77
Stop lose : 1275
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >
XAUUSD 01/04/2019Wave 4 in the making. Then UP it goes for Wave 5.
Share your thoughts and observation in comments session :)
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Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
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ROLLERCOASTER OF GOLD... TIME TO BUY AT JAN RESISTANCE? XAUUSD Gold having a massive move lower today down -15.00 at time of idea.
Crazy 3 days going from 1295 up to 1310 and back down all in one trading session.
Getting long as it finds support at levels dating back to January and at the same time moves heavily into oversold status. Looking for this level to support a short term bounce back into 1295-1308 trading zone
target of around 1301 would provide us a short term head and shoulder pattern
Gold - Long on Daily chart I went long on Gold at 1315 as the price broke above previous resistance. Also, there was a 4 hour MACD cross above the zero line, which I like as an indicator.
Stop level is at 1308. Tight stop but looking promising.
Limit target 1350, as that was previous highs.
Lets see how this turns out.
5 to 10% upsideGood day folks,
I reviewed my mid-term view on gold, and I think that it is pretty obvious that the metal will shine this year. As per the title, I expect 5 to 10% upside for the year. We gonna see later if the stock reverse at 128 and close under the red line (resistance 1). In such case, GLD would be in a triangle. If it breaks out, the channel will be my guide.
Thank you,
Gold depends on $ & supporting by Silver week aheadXAUUSD Technical Overview:
Week Pivot: 1191.82
Week Key Resistance: 1200.74 - 1206.16 -1215.16
Week Key Support: 1182.90 - 1177.4 - 1168.48
Technical Indicator:
Moving Average: SMA 200 (1196.65) & SMA 55 (1198.28) strong resistance for gold.
RSI: The indicator shows downward momentum & having strong resistance at 53.41 level (See in chart)
Technical Trade Idea for week:
Most Likely Scenario: Long above 1191.40 with target 1200 - 1205 in extension.
Alternative Scenario: Short below 1191.40 with target 1182 - 1176 in extension.
Fundamental:
Gold hit a fresh six-week low late in the week, but a strong performance in silver, coupled with profit-taking in the U.S. Dollar ahead of the week-end, helped the market recover nearly half of the week’s loss.
Although the direction of gold prices will be primarily influenced by the U.S. Dollar. Traders should also pay attention to the price action in the silver market.
Silver is being supported because it is relatively cheap. Additionally, it could be attracting buyers due to inflationary expectations and industrial demand during the current economic expansion. This makes it a more attractive asset relative to gold. This may be just enough to bring in the buyers. Now that the news is out there, look for heightened volatility.
Economic news that could influence the U.S. Dollar and gold prices next week are U.S. ISM Manufacturing PMI, ISM Non-Manufacturing PMI, and the Balance of Trade.
Additionally, investors will get the opportunity to react to the September Non-Farm Payrolls report. The headline number is expected to show the economy added 185K jobs last month. Average Hourly Earnings are expected to have risen 0.3% and the Unemployment Rate is expected to dip to 3.8%.
The dollar will continue to be influenced by Treasury yields and worries over Italy. We’re going to approach the market early in the week as if a stronger dollar will make gold weak. However, we’ll quickly shift to an upside bias if another rally in silver takes control of the gold market and drags prices higher.
Thanks
YoCryptoManic
Long Gold .. Waiting for Gartley pattern to form. Just a pattern trade. T1 @ 61.8 % good risk reward ratio.
LONG GOLD Cypher 190 pips? In this potentially oversold market, check this cypher out, point C is a bit in the zone but the rest are fine (meet the rules)
Remember to trade your plan!
Gold headed to 1420$ an ouncegold hot a very important low at 1303 which represented 100% fibo expansion for three corrective waves.
we started final impulsive wave 5 probably in an up channel which is done with the lows and its time to go long targeting 1420
today is ADP employment and Friday non farm payrolls we expect upside momentum,
A TECHNICALLY CORRECT LONG TRADE ON GOLD!Hello traders i hope you are having a nice trading week so far(at least i do,LoL) what a rally gold is having?
At last Gold broke the descending trend line that it was holding it in a longterm bearish trend since 2011.
And the question that all traders want to know is where is the ceilling?In my opinion is not too far after we see an another big correction but it is too early to say.
Short-term we can read the charts and we have our answers..
Let's see..
TECHNICALS OBSERVATIONS
1.Price is above 200EMA in bullish trend so longs are favored.
2.Price is currently sitting at the bottom blue trend line of the ascending channel.
3.Price is also at the crucial 61.8% Fibonacci retracement of the last leg up.
4.We have the ichimoku clouds as support which are well respected at this rally so far.
5.We also have an important horizontal support level based on previous price structure at 1320 area.
6.We have an RSI enetring in oversold area soon.
7.Stochastics are already in oversold area.
8.We have the Elliott waves coinciding with principles and price action and our current multiple correction wave.We can see also a possible ABC correction before the continuation upwards.
POSSIBLE LONG TRADE
STOP LOSS AT 1310-1315$ AREA
ENTRY PRICE 1320$ AREA
FIRST TARGET T1 AT 1350$
SECOND TARGET T2 AT 1370$
THANK YOU FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
LONG GOLDThe idea is based on professional risk management tools from Bloomberg. Gold price shows some bullish bias after 23.6% Fibonacci correction level formed solid support at 1231.49 against the price recent negative attempts, hinting the attempts to return to the bullish trend, but we notice that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price.Gold fell to its lowest level in more than a week on Tuesday as reduced concerns over North Korea and the minimal impact of Hurricane Irma drove investors into equities. A steady dollar and firm Treasury yields also made gold a less-attractive investment.The best scenario for gold bulls will be lower Treasury yields and a drop in stock prices.
Of course, North Korea remains a wildcard, but right now it seems risks are subsiding.
My idea is to Long Gold at the current price or at 1325-1321. SL 1310 TP 1350 -1370.
USDJPY - called that bounce, down it comes 110.6x criticalSmoked 'em good boys' n girls. Wicked that top down trendline PERFECTLY. (See previous charts, drew it like 2 weeks ago).
It was only a matter of time before they had to reset all the indicators and I think I was only a day or less off.
Bears need to take out the 3-bar pattern (pretty much taken it out) and more importantly 110.6xxx. Bulls need to stay away until we break this trend (which is the top of the channel.
Good luck all! Cliffff this b!tch!
Careful of those right shoulders... gold decision pointMake or break this formation, it'll be violent and fun either way.
The neckline has broken bullish, look for chop /volatility as it is tested and confirmed.
I am long bias. Good luck all.
