XAU/USD SEEMS LIKE IT MIGHT DO 50% FibSeems like we might have a 50% fibonacci retracement then up for a full M(double top) might take 90-120 days. My take... medium term (30+days Bearish. What do you think?
Xau_usd
Gold - $1515 TargetGold is currently in wave 4 of a 5 wave move.The target is calculated from a middle of the 5 wave pattern and using symmetry to get a fifth wave target of $1510.
We should see a sell off as the 4 wave develops. A move in price back to $1375 would be a good price to enter long.
LONG XAU/USDXAU/USD
Volume, Moving average, Trend direction and confirmation indicators
are in agreement with a long call.
NB- the only draw back is that lower timeframes are showing signs of consolidation/downtrend
Trade TP is 1x of the ATR and SL is 1.5x of the ATR.
Once TP hits, move stop loss to Break even and let your winner run.
Double top formation leading to short!Waiting for a double top formation to occur. We are going to short the double top pattern. Aiming for $1300-Zone.
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.
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
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.
potential short on GOLDif it breaks the the trend line on H4 then possibility of short opportunities
GOLD - Buy opportunityHi Seildev here,
It's been a while since stepping off from the forex market and focusing more on commodities/Coins.
We have a nice buy opportunity at 2 events how we predict the market will happen.
As always, trade with a plan and safe trading.
Seildev
XAU/USD Weekly chart technical analysis.Sentiment: Bullish inside blue channel. (Bearish)
Trend Strength: Moderate
Close above R1 would confirm further rise.
Red arrow show potential selling place.
THIS MY VIEW FOR GOLD FOR THE REST OF 2016THIS MY 2016 REST OF YEAR VIEW TARGET 1000 FOR GOLD // SELL FROM 1418 SL 1450, IF SL SELLSTOP 1418 TP 1000
