Spotgold
Gold in an uptrend channel with targets 1490 & 1500Gold is currently in an uptrend channel, and Friday it touched the lower bound of the channel at the 76.4% fibo retrace. There is also a strong hidden bullish divergence of H1 & H4. My targets are the top of the channel (1489) which is also the 1.272 fibo extension, and TP 2 is 1499 which is the 1.618 fibo extension. I will take partial profit on TP1 and put a trailing stop at 1470 for TP2 for my other long.
GOLD TO THE MOON?? Gold has closed above $1483 numerous times.
A right shoulder will produce an opportunity to long this pair.
GOLD is building to squeeze the sellers and push to new highsGOLD is showing strong signs of holding above previous support around $1480, after washing out some buyers with the spike lower, as safe haven buyers step up the pressure. If the trade war continues to escalate, we expect the bulls to come out and play and send Gold running to new highs. A push above the $1519 zone on the daily timeframe would be just the trigger to get the ball rolling.
UAX/GOLD SPOT / U.S. DOLLAR Daily PeekHello Friends,
The charts I been looking at today have pointed out that there is a possible double bottom. That all hinges upon the completion of the neckline of course. So if anyone is in on this trade beware that it could go either way. Especially given the fact that this chart is pointing towards 2 bearish patterns. I am expecting a reversal but will swing along the way during this reversal.
Not trading advice, do your own research before entering a trade. Never over leverage and invest only that what you can afford to lose.
Good Luck
Cheers!
GOLD (NEW LOW) (Right shoulder potential)Short term fall to 1492 area. Then 1533 area for a right shoulder formation.
Gold Forming Evening Star in an uptrend with comfirmation Candle. i.e. Sellers taking over Buyers technically. Keep it Simple and watch out news!
Gold Long Setup on H1 TF A potential long setup is being formed in Gold at H1 TF. Place a pending stop and see how it rolls out.
PS: Trail the trade once in positive at 15 pips.
Gold Pending Short Setup with 1: 2 R:RPotential Short setup on Gold. Move SL to Breakeven when 20 pips in positive.
Gold Short XAUUSDGold is looking to pullback waiting for a clear break of the 1490 support zone and a re-test for confirmation before we enter short. TP1 is around 1400$ will comfirm at entry.
Never Risk more than 2% per Trade
Always wait for Price Action Confirmation
*** THIS IS NOT A SIGNAL JUST AN IDEA ANY THOUGHTS OR COMMENTS ARE WELCOME ***
Gold Spot / U.S. Dollar Monthly Chart Trend Scenario!Sustain trading above $1550/oz may pave the way
for much higher Gold price, otherwise, if prices
keep trading below the channel's upper trend line,
then Gold may resume long term down trend.
Bull Scenario SPOT GOLD XAU USD I am waiting for a correction. Then will buy from there.
Buy Target Area 1490-1550
Sell Target Area 1600-1650
(Around April 2020) Estimated but still watch the daily price actions Time to time to make sure if it goes opposite of our direction we can stop loss.
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 >
Golden wedge - Why XAUUSD is running a massive Bearish fake-out Been trading spot gold intermittently for many years now - it has been a blessing and a curse at different times of my life
Right now I am watching the mayhem which results whenever we take a 5%+ slide, negative breakouts are some of my most profitable times for Gold, not because I short and capture the move perfectly, rather because I am an absolute Mystic Ninja and catching perfectly the long back up the levels
Have a look at my chart - as always this is not direct investment advice, instead it is my trades, my risk, my ideas (hopefully you like them)
Right now I am primed and ready to start buying up longs, rather than try to catch the knife I am simply on hold and waiting with notifications turned on
I may start taking small lots from here and then martingales as we inevitably drop a bit lower as the fake bear movement continues
1. Why is it a fake-out?
Simple, the market is in one of the most fearful phases and moods of all time - Brexit, immigration, Trump, China trade its all a mess
When investors are fearful they run to Gold - when this happens the large market movers drop the price and start panic sells which in turn trigger hugely profitable lower prices for a run back up the levels - its a sick game
For now, wishing you all happy hunting and the best of luck
As for me, I;ve got gold fever again, and the time is now for 100X yearly returns if I get in good and wait patiently
*Triggers handheld EMP machine and disappears in a wave of blue photon particles
XOXO Mystic Crypto
GOLD SELL (SHORT) IDEAGold has broken through a key area of Support (1300) and has already retested this same area. There's a Head & Shoulders pattern forming as an added confluence that it may retrace back before making another movement down.
-First targets could be at the neckline (1290), If it manages to be break the neckline we could see price head to Previous Daily lows (1280)
GOLD SPOT MONTHLY CHART SHOWS WAVE COUNT!This might be logical wave Elliott wave count
which suggests the gold price may achieve final
long term correction to hit the red trend line at
around $1000/ounce may be before or after 2020.
Keep an eye on gold. Could be a great buying opportunity ahead.Keep an eye on gold. Could be a great buying opportunity ahead.
Gold possible to rise to 1.300 $/oz by mid or end of summer.If now level at 1250/1245 holds on, Gold can run to 1.300 again by the end of summer. Next support levels from here are 1220 and 1190. Gold movement is affected by the movement of the USD, inflation, seasonal buying, and risks associated with geopolitics.
Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
