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Xausudlong

Gold Short and then big Longmost 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 money. Right now gold is making a corrective structure for one more down before the up; but dumb money is buying right now... I will watch the show
OANDA:XAUUSDShort
by EIP-EverythingIsPlanned
Gold retraces after massive selloutWarning: 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 analysis is still in a bearish structure. We found chikou span hooked upward, and the Tenkan-sen and Kijun-sen overlapped, and the price lies the bottom of the red cloud atm. We may expect it is a very strong resistance. The retracement may finish somewhere near 1292.43 Summary As there are no confirmation of bullish candlestick patterns, we seem like bottom fishing gold now. All the best !
FOREXCOM:XAUUSD
by SoloTraderAU
XAUUSD reacted off resistance, potential drop! 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 precursor of a potential drop in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
OANDA:XAUUSDShort
by Tickmill
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