Get started

Xau_usd

XAU/USD SHORT 19/04/2019 Monthly: HL formed, looking for LH Monthly three pin formation bouncing of Weekly Resist and closing below Monthly key level. Evening star formation formed resisting Weekly Resist and closing below Monthly key level. Shooting star reversing sharp from weekly resistance. bears gaining upperhand, reversal incoming. Weekly: Bearish engulfing into a dragonfly doji , making a shooting star spiking through major resistance and closing below, together with the 8EMA closing below, both now acting as resistance. MA’s are up, looking for a potential crossover to the downside. Bears gaining upperhand. Daily: Daily fib retrace tapped 61.8 and reversed spiking through. 2 taps on the trendline descending triangle forming, upon breaking and closing under, potential outer trend line retest target 2 The evening star formation and bearish engulfing closing under major key level Shooting star formed confirming more bearish momentum Ma’s crossed to the downside. 4H: Enter upon close bearish engulfing through major key level, could have entered on three pin formation when retesting the 61.8 fib retrace. After bearish engulfing , retested major level with shooting star entering consolidation box. Friday close candle, marubozu bearish candle Target 2 should be achieved here breaking inner trendline going too outer one.
OANDA:XAUUSD
by Fxbook_
1
XAU/USD Long with 6.8 R/R - approaching bullish OrderblockIf you like this analysis feel free to like & follow! I appreciate your support. What we have here is very interesting. We saw a sharp drop after reaching OTE of our bearish Orderblock without retesting significant levels. This indicates that liquidity is left on the upside. We just closed our 12hr candle bearish below $1285.30 which signals us that we could get lower towards $1276.70, right where our 200-EMA lies. I expect us to bounce off this level, if not we're taking out three equal lows and get to the downside of our bullish OB. Targetting for OTE that fits with EQ from a longer term block. More risky Stop-Loss: $1270.50 More conservative SL: $1264 as 200-MA is sitting right there. Crucial levels: $1281.40 - $1277.50 - $1274.50
OANDA:XAUUSDLong
by CleanTrades
1
XAU/USD Long with 3.1 R/R - validation above range-highDear Traders all around the world As analyzed in the previous XAU/USD chart we‘re looking for a daily close above $1315.20. I decided to take a look at the 4hr chart and maybe see things developing in advance. Referring to the right chart in the picture, we just closed a 4hr candle above range-high at $1315.27. Turned out to be valid, as we just pumped to $1319.22. This closure & validation indicates us that we’re likely going to close our daily candle above range-high. Took out it‘s low right where EQ of our whole expansion is (where the tick is) and closed above EQ of our grey block. This means we gained control of the upper half of the block , which sends us to $1326.30. I expect us to engineer liquidity in our crucial-zone at $1332-1334. Entry-zone: $1315 - $1316 TP1: $1317.50 TP2: $1320 TP3: $1325 TP4: $1330 Stop-Loss: Below EQ of current leg-up or 4hr close below range-high again. $1309.72 Updates following as daily candle develops. Daily close above $1315.20 is our key validation.
OANDA:XAUUSDLong
by CleanTrades