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Xauusdchart

[GOLD W4 Mar 2021]GOLD Buy setup Continuation trade: 💪🏼 GOLD as well has successfully made a rebound from the said 61.8% area and is approaching back to the 50.0% area. Noticed that market sentiment on retail traders are shorting the gold at the end of last week as price has approached so called 'resistance'. 2 major reasons why I'll be on the opposite side of the crowd: 1. Market usually oppose the market sentiment 2. Back in W2 MAR 2021, Ending diagonal was a success in the lower timeframe as mentioned here (), this pattern indicates a strong trend reversal.
TVC:GOLDLong
by SuperMonkey0
GOLD W4 Feb 2021GOLD Neutral setup 👉🏻 The precious metal has been dumping since the New Year from $1955. Now is seating, for the second time at the major 50% of $1451 and $2075. Friday's close was not a decent candle to go long on, price could break down further to test the 61.8% level. Of course any further bounce could be a favourable indication to go long to the previous highs. 📉 DXY: The dollar has been in a downtrend after breaking the 95 level, and hovering around the 90 region ever since. 📰 Investors are not as interested in gold as much as previous years. Biden's $1.9 trillion care package is still in the talks to be approved and could be further bearishness on the Dollar if approved.
TVC:GOLD
by SuperMonkey0
GOLD W3 AUG 2020GOLD W3 AUG 2020 We're safe to say that Gold is consolidating after a huge drop of approximately 10%/2000pips in just 5 trading days. As I have mentioned countless times: Gold is a commodity to have a much better risk to reward ratio in longing than shorting. Daily A doji like candle followed by a confident bullish candle which closed above the doji wick indicates that buyers is still in control. Many would say there was a bearish engulfing and three black crows before the bull candles. Hence neutral bias at the moment = consolidation. H4 Price has tagged the 200MA on the 4 hour timeframe. If price were to break below 1912-1916 (below the doji) 1750 would be an interesting area to go swing long. 1750 is also the 50% fib area, pulling from 1455 lows to the 2075 highs.
TVC:GOLDLong
by SuperMonkey0