1818 is strong resistance , check it for short position.
GOLD is still in main down trend so we sell GOLD now XAUUSD TYPE : SELL TF : H2 ENTRY PRICE : 1794.00 STOP LOSS : 1805.00 (110 PIPS) TAKE PROFIT : TP1: 1792.00 TP2: 1788.00 TP3: 1779.00 TP4: 1774.00 TP5: 1757.30
My Bias is currently short due to the overbought condition of the market and the fact we have just hit the top of a well respected 4HR descending channel.
as you can see gold touch previous support level and at this point we see upward movement. if xauusd can break master resistance to go up we see upward movement and if xauusd cant break master resistance 80% chance to go downward if we add news to chart we see more Down so we must accept this : price hit master level then fall.
prices are moving inside a channel, the body of candlesticks is too short to have bullish movement, the maximum moving is to reach the top of channel and then falling to TP 1, also prices broke the descending triangle and retested.
Nowadays Gold is very volatile, which is good for us. Yesterday Gold broke out Channel and today it's again ranging in that channel again. So now we'll monitor price action near the Lower channel and according to that, we'll continue taking our Trade. Happy trading.! Best Regards, The MorningStar Forex
Silver troy ounce (31.10 gram) 28.15 USD (percentage of 0.45, Strong Buy signaling) and Platinum , 1151.1 USD (0.45 of pct, Buy). Ounce palladium 2781 USD (%0.11) costs for traders. Copper 1 pound (0.4535 kg), 4.5375 USD (with the percentage of 1.17, Neutral) is being traded at the time written. Besides this, XAUUSD, spot gold (oz), 1879.6 USD (%-0.89, Neutral)...
The chart has returned to its resistance zone, moreover the RSI indicator showing some bearish signals as the peaks in price are ascending while on the RSI indicator those are descending! We speculate that the previous supporting line should be considered a proper target for this trade but we must take our attention to the RSI because its near to the oversold...
buy for target 1 : 1900 target 2 : 1915 - 1920 best price for buy : 1878 - 1882
XAU USD TRADE SELL STOP LOSS 20 PIPS WILL TAKE PARTIAL PROFITS AT KEY FIB ZONE AROUND 55PIPS) With good risk to reward management we will be fine even if it hits stop loss as its a tight stop loss with no silly lot size
Hello Traders ✔EUR/AUD Is Bearish and has still proven to be totally BEARISH ✔Price Is Respecting Broken trendlines leading to the downside ✔Strong Support zone needs to be broken for confirmation ✔RSI is in the bears position and is pushing towards the downside 1900 PIP Analysis
And as you can see in the prediction below, I have nailed the point of purchase! I marked a purchase at 1679.00 and since then it has not stopped rising. Gold is rising strongly due to dollar inflation and there is still more to go. We open sales from now with TP at 1701,500 where we will make purchases. After the rise so strong that gold has had, it has to go...
Last day candle is going to close below the Strong Support line at 1860 which is considered a break in support. If you look at the other touches I circled, no candle closed below the line without selling for a bit. Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s...
My overall analysis on XAUUSD. Gold is respecting zones perfectly. I am waiting for price to remain bullish, range, then drop (bearish). Did both buy and sell setups just incase of what occurs at the inauguration tomorrow. If price breaks structure (purple line), I will look for buys. If price breaks rectangle box, and also green line(1863.61), I will WAIT...
According the weekly chart XAUUSD with the assistance of Bollinger Bands, this pair will continue in a strong downtrend. SELL, SELL, SELL
Hello Traders! A very nice sell missed with few pips but the previous two trades are still open. Enjoy the trades.