Get started

Xaulong

Buy Gold: ABC Pattern!!! + Analysis FundamentalHello, today I starting to analyze Gold, is one of the best money history of humanity and knowing the hard money, is precious!!! Now, looking in Daily timeframe, we see that Gold is into this bullish channel from May 2020 So I expect that Gold is lead to the $2,200 as take profit because we continue following the bull trend Finally, in H4 timeframe we see a possible formation of pattern ABC elliot waves, that mean a continuation of the trend. I put my long position in the $1966 USD, and my take profit is $2,018 USD and my SL is in the $1,950 USD investing 1 oz of XAU. So, guys, this is my analysis, correlated with USD, in the latest hours, when I analyze Forex, I will going to add Fundamentals Keys for Gold, just wait for the next hours because today this morning I will going to busy and then, I dont have time to read, but yes time to make technical analsysi and the afternoon, I will going to make updates of this par and Forex, as Bitcoin and Ethereum do, Just, my 3 position is long and are Bitcoin, Ethereum and Gold.
FOREXCOM:XAUUSDLong
by harisonhbn9718
Potential H&S playing out on Gold? It looks like a potential H&S could be playing out on gold atm, Although I personally wont be taking a short trade on it with all going on in the world, bullion is a great store of value against fiat currency and stock markets. More people will be looking for safe havens to store their wealth until the world returns to normal and markets start making a recovery which could be a while. I would be however setting long positions off key areas of support levels hoping to catch the next moves up.
OANDA:XAUUSD
by steevyp2820
GOLD & BTC Could they meet at 1800?This idea many BTC fans will hate. If you don't think this can happen you are not thinking outside the box enough. We are heading into the year of the Digital Asset Market. I find it funny that people are saying BTC to 100k ! BTC to a million! in less than a decade..sorry but I don't see it! it took a half a century just for rare relic coins to hit numbers that high. I can see BTC hitting those numbers but not anytime soon. Maybe so for my kids or by 2050. Afterall we will be towards the last 2% of mining bitcoin from 2040 to 2050 ya? Correct me if im wrong but someone told me this. That the last few percent of BTC will take almost 10 years to fully mine out the algorithms. This could give us one hell of a parabolic move upward on BTC in a couple decades from now. 2010 - 2020 : A new market begins to sprout 2017: People become aware I see 2020 - 2030 : the new market is born and begins to crawl 2030 - 2040: 2nd Deca wave now we are walking 2040 - 2050 : 3rd deca wave now we are running Be prepared for the worst but take opportunity where you see it and when you can afford it...it is no longer just about bitcoin..it is about mergers and acquisitions and new roads for the new technologies we are using today. GOLD is grinding up slow. Has been since 1200. It is possible we can see these two markets merge on a defined price zone giving people a choice...OLD GOLD or NEW GOLD ...OR....BOTH?!?! But it seems to me 1800 - 2000 would be that marker zone where we see gold and btc begin to flow similar in price and direction through new asset vehicles that are being added into the markets today. Remember correlation does not mean causation but these two can dance together if the world is viewing bitcoin like digital gold. As old and new paradigms join together and merge. I expect blood to be shed across markets during these changes. Accept ideas from everyone's perspectives. Communicate with professionalism and help each other understand that the "crypto market" has become the digital asset market now and those who pull the strings are also lacing them. I will buy GOLD after it corrects and BTC if we hit 1800 again. That area looks like the perfect opportunity for me if we see a cross-road. IF THE RED RIBBON IS CUT DOWN WE GO. IF IT SUPPORTS UP WE GO. As always trade safe. manage risk. peace love trade.
BITSTAMP:BTCUSD
by AschraM
8
XAUJPY Rally?Analysis -XAUJPY looking bullish after showing signs of a reversal. Sellers pushed price down into support but the following day, buyers bid up the price to back above support before the second daily candle close. -The 2 candle price action resulted in a bullish engulfing setup AT SUPPORT which is a bullish sign. -The third day (after daily bullish engulfing candle) price formed a red inside bar which is indicative of consolidation on lower time frames -On the 1H time frame, price just broke a bearish trendline to the upside. -There is also bullish RSI divergence on the 1H time frame which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 144,336 (Enter long after price pulls back) -Stop Loss: 143,170 (Set stop below the lowest daily candle) -Take Profit: 146,668 (Set targets at a minimum of 2 times your stop depending on entry) = 2R *Trade Safe and at your own discretion!*
OANDA:XAUJPYLong
by Mankz
SHORT XAGUSD Testing Resistance, Prepare For ReversalXAGUSD is testing its resistance where we expect to see a reversal. XAGUSD is testing its resistance 16.20 (horizontal swing high resistance, 61.8% Fibonacci retracement ,61.8% Fibonacci extension ) where a reversal to its support at 15.51 (61.8% Fibonacci retracement ,100% Fibonacci extension ) Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by FlowState
1
LONG Gold bull's eye $1,325 for further upsideGold prices have been undeniably bullish on the daily timeframe . Prices have been respecting a healthy uptrend since early December when a solid breakout above $1,240 was achieved. With the precious metal repeatedly creating higher highs and higher lows, bulls are clearly in the building. Gold has the potential to rally towards $1,333 once a solid daily close above $1,325 is achieved. If $1,325 proves to be a stubborn resistance, Gold is seen slightly correcting lower before re-challenging $1,325 once again. This setup remains valid above the $1,303 higher low.
OANDA:XAUUSDLong
by FXTM