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Xausudanalysis

XAUUSD ( HIGH PROBABILITY SELL SETUP SOON)Gold was up $6 to $1771.9, the precious metal was above 20D MA (@ $1731) & below it 50D MA (@ $1796), Here we can see clearly the next move for Gold, while we can see clearly its trading within a Bearish Ascending Wedge, This is a bearish reversal signal & the lack of progress higher has confirmed a sentiment shift, A break of support @1772.00 should lead to a more aggressive move lower towards 1740.00, Although the anticipated move lower is corrective, it does offer ample risk/reward today, while the RSI Indicator its showing us the opposite of the actual price action on the charts, We look to SELL a break of $1771.66 And if we can see clearly the Divergence on the RSI Indicator, its a more of a confirmation of our analysis. Keep a close eye on Gold, world number 1 precious yellow metal, Happy PIP hunting traders.
FOREXCOM:XAUUSDShort
by FX-PIPHUNTER
6
Gold ProjectionsG'day, Guys. It's Monday and another wonderful week to trade. Today we going to analyse GOLD (XAUUSD). Based on recent movements, gold has spiked to the 1800 price level before returning back to the 1771.30 price tag. Personal experience on gold, it's acting like this due to fundamental & sentiment taking place to stabilize the market price, remember Supply & Demand movement gonna help you a lot on trading. Currently, the price at the swap zone which is a high probability price continues to move upside targeting the 1895.90 first stage and next to the 1832.83 price tag. On the other hand, in case the current price solid break at the 1760 price level. We expecting the price to head to 1722.29 to retest previous support. Generally, from a weekly perspective, this price is still in a downtrend structure. I personally believe this gonna be a deep correction before gold continues to fall. Dance with the market guys. Let's see what gonna happen next... Cheers
FOREXCOM:XAUUSDLong
by EYFMarkets
2
XAUUSD AnalysisG'day Trader. Today we going to analyse GOLD (XAUUSD) This analysis is based on current market conditions which are derived from the previous analysis. Current market conditions are sideways in a 4 Hour Time Frame, we expecting a huge break out happening as the market currently accumulating trading volume before making any movement. There possibility current market condition due to FOMC next meeting release, as everyone knows GOLD movement is mostly affected by the US interest rate. You may read about it how Interest rate related with GOLD. Technically, we are waiting for the next movement which is an unclear pathway build up on Gold. Personally, I prefered natural on this pair as I am not a scalper trader. I prefer on Intraday and swing trading approach to adopt the risk-based on my own risk tolerance. Let's see what happens next. "Dance with the Market" Cheers
FOREXCOM:XAUUSD
by EYFMarkets
2