Gold is in Wave 5 of the major advance as I've already discussed in the higher timeframe post I published 3 days ago. Kindly find the related idea links to read full articles. It's setting up for wave iii of (iii) of 3, and this usually the wave that drives the price so rapidly according to Elliot Wave Principle. So keep eyes on it! Don't lose guard! Best of...
Gold showing a fast decline due to US and China talks and the Dollar strengthening. 1H Morning Star Formation 4H Pin Bar Overall if Daily can close above this we may still be in a uptrend.
Two very similar structures appearing with a potential short! BE EXTREMELY CAUTIOUS. THESE ARE ONLY IDEAS AND NOT A SIGNAL I have entered the trade and waiting for this to play out
See chart for illustration
Can gold push higher? Gold on higher TF'S appears very bullish. Getting entries without huge draw down is my goal. Had pending set at $1417.21 My $1450 target was already reached in previous trade. Could see a retest of this level. Potentially hit $1460 area More Political turmoil or negative news would fundamentally push this move up Risking 1% of Capital RR -...
Hello to all watching my charts Today we will have a look at Gold in USD = XAUUSD It breaks the resistance 1396 2.7. to Higher Prices for a long position and it breaks the support 1423 3.7. to Lower prices for a postion in short The bulls tried to take out 1423 resistance again on 5.7. but they failed - short sill the way to go. Since them the...
I think that as the market opens, we will see a slight increase in price followed by a slow downward trend. This will lead to Fridays short term support of 1338.53 being tested and if we see this support broken, price will most likely retreat to the 1330-1334 range (light blue box). Following this the market could either reverse and gain momentum, heading...
1284.5 zone a really consistent support for XAU, following some bearish movement over the weekend, a restest zone confirmed, market will definitively begin to rise steadily to the bench marked zones on my chart, creating a new HH and matches the previous (1291.5) in the process.
most of the traders are longing right now for they think they have had the breakout and now price will continue to go up. Little do they know that this is what they do; they trap dumb money, take the price opposite to the direction; take them out and then go in the direction they want. Unless or until you dont know the structures; you will continue to lose...
After breaking the resistance ,, Market tested that level and now moving up Nicely Stops below the Swing Low GOOD LUCK Trade Green
Warning: This is an aggressive trade… Left chart: A very strong upward support trend line since July 2017. We found gold can possibly retrace back to 1294 (near the blue upward trend line) or Fib Ret 23.6% (1298). If this happens, we may have an alert for a bullish MACD divergence. So we called it as PRE-bullish MACD divergence. On the other hand, Ichimoku...
XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement, price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement). Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good...