Gold shortSeildev here and hope everyone has had a great weekend.
I'll be closely looking at shorting gold this week with the following reasons:
- Area of interest 1261.79 ~ 1265.83 for short
- 38.2% Fib reversal point 1262.05
- 78.6% Fib reversal point 1257.45
- Respected channel resistance since Jul-16
Safe trading everyone.
Xausd
GOLD SQUEEZE MOMENTUM UPSIDE PATTERNAS SEEN IN PREVIOUS STRUCTURE (PREVIOUS LONG BREAKOUT), WE EXPECT PRICE TO CONTINUE CONSOLIDATING IN SQUEEZE MOMENTUM UPSIDE PATTERN. WAIT FOR PRICE TO TEST THE TREND LINE FROM THE STRUCTURE. ENTER AT THE BREAK OF POSITION 1 (TREND LINE 1339 LEVEL) WITH A STOP LOSS AT POSITION 2 (1335 PRICE LEVEL).
PROFIT TARGET AT POSITION 3 (1352 PRICE LEVEL).
GET READY FOR SOME SERIOUS PIPS.
XAUUSD (GOLD) * SWING * Friday Short / Monday LongWe are moving in ascending channel and just bounce from its resistance and formed H&S on top.
Sell order:
enter at 1240
with SL 1247
and TP at 1225
Buy limit order:
limit order at 1225
with SL at 1217
and TP #1 - 1245
and TP #2 - 1256
Happy trading for everybody!
Feel free for comments!
xauusd in dander area that we think will going to broke &shortWe find touching @1256.86 and retesting this price agine
AND
in other side we also find same resistant @1274.39
BUT
depending on basic and news analizy
i think we will see broke and SHORT enter @1256.86 with main target @1248.09
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hope happy tarading for all
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Gold burstTwo mayor resistance lines broke just in last few days, 1130 and 1180 + first hagopian which won't go without effect on the long term gold price. If the price goes above second hagopian, then the technical side is pretty much completed for the long term bullish trend.
Next significant level would in that case be 1300.