What I'm seeing on GOLD!Price is approaching my resistance trendline. If it does holds, then i should be going all south to my support. If it does break, north in go. Lets see though.
Xauusd-trend
Is gold downtrend Started? Double topping gold with Neck line 1690, wait to retest that area and sell the gold! Target 1610. Technical analysis only, watch out for other fundamental news. *The Trade u gain or loss is not responsible to me*
EUR CAD for sell ? #EUR_CAD 1H
here we're in a strong resistance level in wave (b of (y) we'll expect a drop through the wave (c ideally to 1.49297 level .
if the price breaks the 1.55478 the scenario will be invalidated .
XAUUSD SHORT XAUUSD FINALLY TOUCH THE MONTHLY SUPPLY AREA SO I AM EXPECTING A VERY LONG TERM SELL , BUT FOR NOW WE CAN SEE A REVERSE MOVE FROM THE CURRENT LEVEL AS WE KNOW ABOUT GOLD IS IN VERY BULLISH TREND FROM LONG TIME AND IT WILL TAKE TIME TO REVERSE THAT LONG TERM TREND
Bullish Gold Broke Through First ResistanceIn these uncertain times, it always feels good buying gold. Now that global markets have been in such a positive rally, gold has risen in price as well.
For this trade, I propose a simple set up. We will try to monetize the bullish scenario, where we assume the trend will keep pushing the price up, perhaps with a small retracement inbetween towards a newly found support zone. We place the stop loss directly below the support zone, and the take profit directly below the second level resistance zone.
I normally trade more on trend reversals, but noticed that in forex trading along with the trend tends to work slightly better. In cryptocurrency trading however, the reversals seem to be more effective so far.
I will use a similar idea to my other trade for EURUSD
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Short Term SELL on Gold XAU/USD On a 5M (Scalping Timeframe)
There appears to be a Short Term Descending Trend Line on Gold, I have placed Stop losses behind this and a 1H Descending Trend Line
7:1 Risk to Reward
Xauusd Could Be this ?? hey dudes i posted this to check if this can happen .....What are your analysis :)
XAUUSD GOLD SHORT Gold can still drop down further to around the 1267 price which is right around support.
BUY GOLD BETWEEN 1230_1250 AND UPTREND TILL 1380 BY JULY!!!!!!!!UP TREND TILL 1380 BY THE END OF JULY
XAUUSD (GOLD) MARKET ANALYSIS- Major Fundamentals This Week Last week we saw bearish price action and market structure occur. Price ranged between 1270-1280 at the beginning of the week before breaking 1270 and then pulling back sharply before the end of the week. My long term analysis from last week attached below shows price starting to continue a downtrend.
This week could be somewhat unpredictable with the amount of fundamental events on the calendar to end this month and start November, we could see some volatility. The major areas for this week to watch for me would be 1280 as resistance and 1260 as a major support which was made off a bounce from last month NFP results if I'm not mistaken. So to determine further price direction a clean break of one of these areas would be confirmation.
Surely its possible for it to happen this week as there are many high impact fundamental events including interest rate decisions by the FED (USD) and BoJ (JPY) which will have a huge impact on Gold. Also its NFP on Nov 3 which again will rock the USD and then there are other major events for CAD, GBP and AUD. Trade Safe!
Gold Weekly Chart Overview Regarding the fact that XAUUSD moved over the death cross and is inside triangle can brake quite fast and that can lead to a hole new open field of profits if this trend is followed !
GOLDGlobal trend (red) up
Now XAUUSD completes the fourth wave
Until the end of the year we will see new highs gold
Sorry for my English
GOLD Daily: Ready for next move up?After a major reversal on the weekly unfolding in a nice impulsive move upwards on the daily chart, a divergence showed up in the daily Gold chart, sending prices down over the past few weeks. They have dropped below the balance zone and took Momentum below 0, indicating a major correction. Now a new buy fractal signal has been formed. If it's hit, it could be a good entry point for Gold to reach a new high above $1282. This trade would occur in the overall trend direction (weekly), which would then also keep moving in what might be the new trend direction (long!)
GOLD Technical Analysis Suggests Long BiasI would like to keep this post strictly Technical because Technical Analysis cannot be debated the way investors debate Gold as an investment from a fundamental perspective. There are numerous technical indications that Gold will rally. First would be trend resistance from the 2/1 Level of the Gann Fan along with the recent bounce off the ~$1050 Support level. The 2/1 Gann Trendline is based on the highs of the 15 year uptrend Gold has experienced. The next indication would be the completion of the D leg of the ABCD Pattern. Fibonacci speed resistance fan offers no significant resistance levels within close proximity. Finally RSI Divergence gives us the final long signal. As always if this TA helped you please leave a like and comment your thoughts. Happy Trading!
GOLD looks better for active traders after broke upGold had a nice action, acted well according to our plan from friday's morning note:
"Some buying interest resumes in Gold . It found some support at $1281.50ish, broke up intermidiate resistance and we can see $1290 soon. A break bigger down trend line could set it back in motion and attract more active buyers."
Now we have close above short term moving averages and down trend line. I am a buyer above 1304.5, next support at 1300. My target zone that may be reached this week is 1322 (200 Moving Average) and 1330 (previous swing high from where it bounced).
