Xaudusd
GOLD - Still strong above $1325GOLD's breakout of the triangle it formed was quite something. First, what appeared to be a fakeout to the upside, catching the bulls a bit early. Then collapsing back into the triangle.
Price threatened a downside break, and then picked itself up, broke up again (and retested) and then promptly took out the $1325 target I had drawn in.
Friday's candle looks a bit bearish, doesn't it?
However, the bears weren't able to capitalise at all yesterday.
Where to from here? I think today's candle close will be us a good clue.
If today's candle threatens yesterdays low, a short down to $1325 is in order. Alternatively, if today's candle starts "eating up" the wick of Fridays candle, the bulls are stil pushing this one higher.
XAUUSD - Gold's Glorious Own GoalOn May 9 I highlighted the wedge GOLD found itself in.
On May 14, price had broken the wedge and looked to break to the upside.
However, my caveat was that to confirm the breakout, we needed to see price stick around at the new highs it had more, or retest the trendline from above.
And this is why we wait for confirmation!
The breakout, and failure with price now back in the wedge is bad news for the pulls.
And I'm interested in a short, adding to their misery.
However, just in case the bears are about to get a similar kick in the teeth, lets wait for the breakout lower..and once again, either a retest or for price to remain lower.
GOLD BUY 7RRLooking at a buy for Gold - once it breaks the D1 Dec ending trend line then ill be looking for further upside movement to the next major resistance
HOPEFULLY NFP TODAY HAS A POSITIVE EFFECT ON THIS SIGNAL
XAUD/USD Wave analysisits a good oportuinity to buy XAUD/USD pair , taking advantge of the 5th and last motive wave
Xau/USD Sell Hi all ,
I'm opening a sell on this pair , as we are still in the range of our H&S pattern i drawn out on my previous post . This is an aggressive entry , as price is a few pips away from the key resistance level i would have love to enter from , But with a stop just above that , the r:r looks okay to me .
Many Thanks
Gold spot price prediction for the next 6 month.Sell when the price hit the resistance trend line on top, wait for 3 confirmations then short carefully and wait until Sep. money management is the key.
XAUDUSD Short A downside move that will push below $1311.55 will put pressure on the bulls, with no real support until $1307.30
Do not open short position if the price pushes above 1314.50, wait for a Strong resistance level
Gold, (XAU/USD) Trading ViewREMEMBER This is for educational PURPOSE ONLY
Hidden Demand Zone + Symitrical Triangle
Uncle Sam Whipped by Nippon
USDJPY forming a descending triangle on the four hour. Managed to hit large quarter point at 110, but each challenge led to higher lows consistent to the counter trendline. It seems like price action peaked above the 61.8 fib level, and no longer has bullish momentum. A reversal trend is imminent, most likely when price breaks below the blue line @109.819
If price does break below the blue line, then bears have taken over the trend and I will short until price reaches the orange zone.
Orange zone: 109.5-109.6
Price goal: Fib level 78.6 (@109.385)
GOLD - 2 potential opportunities XAUUSD
As I posted before - we had 2 options.
And first option now is active.
Waiting for correction and entry confirm.to open a LONG position.
Gold, where to from now
Friday price retraced from 1226 to 1217 after rallying from 1195 to 1226 on Thursday.
I was expecting price to retrace at-least up-to 1210
overview ;buy
Buying Opportunity at confluence Support and Line Fibo areaBuying Opportunity at confluence Support and Line Fibo area
XAUUSD approaching support, potential rise! XAUUSD is approaching our first support at 1328.73 (horizontal overlap support, 76.4% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1340.80 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching our major support and a bounce off this level might be a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Golden shortExcellent technical ability for shorts. formed a hammer on the daily chart. This is the third vertex and it is lower than the previous one.
Gold Medium term SELLHappy New Year, fellow traders!
Gold has finally stopped after almost two weeks of rally and currently has reached a resistance. I see a potential for a sell trade with SL slightly past 1330 and TP just above 1300 to be safe.
In addition to the technical analysis, stronger US Dollar and Stoch RSI also indicate on a potential for a sell trade.
XAUD wait for BreakI. Supporting Idea:
1. Head and Shoulder - strong bottom
2. FED interest rate
II. Main idea: XAUD goes up
III. Trading plan:
wait for signal confirm: break the line
GOLD - XAUUSD BUY 11/10/2017
It is necessary to point out the new resistance level 1291.60 - 1294.20, which contains large volume that has stopped the growth of the price. Now gold is trading a little bit below this mark. Given the sure growth we should give preference to long positions, but only after a breakout of this fresh level. The move should be sharp and supported by increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 150 pips.
The bottom line: long positions after a breakout of the resistance.
XAU/USD SELL - 05/10/2017
Despite the fact that the price remained trading in the local consolidation, it is necessary to note a fairly sharp fall of gold on fairly large volume. It is also worth highlighting the new volume support level 1272.20, which was formed during this downward movement. In addition, this level is the lower limit of large volume accumulation, which is concentrated in this consolidation. Therefore,breakdown of this mark will be an excellent signal for the continuation of the local downtrend.
The bottom line: short positions after a breakdown of the support.
